Tag: Investcorp

Business

InCred celebrates the spirit of 83

Dec 30, 2021 by Gouri Achary 0 Comments #‘83’, #Elevar Equity, #InCred, #InCred Group, #Investcorp, #Manipal group, #OAKS Asset Management, #Paragon partners, #Phantom Films, #Phantom Films present 83, #Reliance Entertainment, #US Hedge Fund

InCred, a new age NBFC with a pan India presence, has announced a partnership with the most awaited movie of the year – ‘83’. This partnership celebrates the incredible victory of confidence against all odds.

InCred has a long-standing association with cricket, especially with Rahul Dravid, it’s a brand ambassador who is also the current head coach of Team India. To add further excitement for cricket fans, InCred launched a digital campaign with Dravid in which he shared his personal memories of the historic world cup win.

“We went out late at night to have ice cream to celebrate the win, and for us as 10-year-olds being out late having ice cream was a big deal, but team India gave us that. The 1983 victory also changed the cricketing landscape in the country and put India on the map of world cricket,” Dravid said. InCred’s campaign urged people across the country to share their memories of the ‘83 win.

Talking about the campaign, Bhupinder Singh, Founder and Group CEO of InCred, said, “We are delighted to be associated with the movie 83, based on the momentous win that created history in the world of cricket. The movie has a close affinity with our company values and brand ethos which rides on passion, determination, and a sense of Confidence. We believe that’s what it takes to make an InCredible success story possible.”

Sameer Chopra, Head of Marketing, Reliance Entertainment said, “83 the film, commemorates the greatest triumph ever by an Indian sports team at an international level. Through our collaboration with InCred, we aim to reach out to all the cricket and movie fans. The personal memories of the historic win add more to the celebration of the movie and make it grand. It is a good opportunity for so many Indians to reminisce the memorable day.”

InCred Group is a new age diversified financial services conglomerate spanning Retail Lending (to consumers and small businesses), Fintech, Wealth Management, Asset Management, Equities Research & Broking, Investment Banking and Capital Markets. InCred is one of India’s fastest-growing financial services groups and aims to play a meaningful role in the transformation of the country’s financial sector. Backed by top-notch local and global investors including OAKS Asset Management, Investcorp, Manipal group, Elevar Equity, Paragon partners and US Hedge Fund Moore Venture Partners.

Reliance Entertainment and Phantom Films present 83, a Kabir Khan Films Production. The film is produced by Deepika Padukone, Kabir Khan, Vishnu Vardhan Induri, Sajid Nadiadwala, Sheetal Vinod Talwar, Reliance Entertainment and 83 Film Ltd. 83 is directed by Kabir Khan. A Reliance Entertainment and PVR Picture. Now in Cinemas houses.

Business World

Investcorp India partners with WinPE for advancing gender diversity

Mar 25, 2021 by Neel Achary 0 Comments #Founder, #Investcorp, #Nupur Garg, #WinPE

Mumbai, March 25 2021 – Investcorp, a leading global provider and manager of alternative investment products, announced today that its India office has partnered with WinPE, a not-for-profit platform working towards enhancing gender diversity within the investing ecosystem. Investcorp is among WinPE’s founding members and has recently signed a Charter for Gender Diversity along with other members, which outlines the fundamental principles that will guide collective action on increasing gender diversity within the private equity and venture capital industry.

Through the partnership, Investcorp aims to support and partner with industry peers in advancing gender diversity and promoting equal opportunity and representation of women within the industry, across levels. Since its launch, WinPE and its member firms have tackled issues like diversity in hiring, pay parity, measurement & metrics, and are supporting growth of women leaders through a suite of solution-oriented programs that include entry and early career resources, a 1:1 mentorship program, leadership development workshops, and an exclusive network of women in investing.

Commenting on the partnership, Investcorp’s Diversity & Inclusion (D&I) Office Lead in India and Senior Vice President Legal & Compliance, Anjana Sinha said, “We, at Investcorp, are committed to fostering a diverse and inclusive work environment and believe that D&I forms an integral part of our corporate strategy. Our partnership with WinPE in India enables us to work towards this vision and strengthen our initiatives in the market. We believe that this will yield long-term impact and deliver value for all our stakeholders.”

The business case for gender diversity has been well established through the last decade. It includes quantifiable benefits like enhanced financial performance and reduced costs of attrition and onboarding. It also includes qualitative factors like improved quality of decision making, a stronger corporate culture and increased customer responsiveness. Similar data is now available for PE/VC firms as well. Recent research shows that gender balanced investment teams deliver a 20 percent higher IRR than the median. Research has also correlated gender balance in leadership teams at portfolio companies with approximately 25 percent greater increases in valuations. Further, funds managed by gender balanced teams outperformed male or female dominated teams across emerging market geographies and investment strategies in terms of TVPI multiples with median excess net TVPI being 0.18x on average.[1]

“What sets WinPE apart from other similar initiatives is its dual model of engagement – with fund managers and with women – founded on the belief that change can only be driven by collective action and a holistic approach that engages all stakeholders,” says Nupur Garg, Founder, WinPE. “We are delighted to welcome Investcorp as a partner in our efforts to convert positive intent to tangible results.”

As part of its D&I Strategy, Investcorp has partnered with various organizations across the globe as to further enhance its commitments. These include the GCC chapter of the 30% Club, CEO Action for Diversity & Inclusion™ (CEO Action), Level 20, and 100 Women in Finance.

Today, Investcorp has more than 43 nationalities represented among its approximate 460 global employees. Women comprise over 30% of Investcorp’s global workforce and the Firm is actively looking to increase diversity across all levels of the organization. Investcorp has implemented new talent acquisition, retention and engagement policies including mandatory unconscious bias and D&I training for all Investcorp employees; requiring all open positions to shortlist at least 50% candidates from diverse backgrounds; establishing affinity groups and enhancing parental leave policies, among other actions.

Business World

Investcorp appoints Habib Abdur-Rahman as ESG lead as it ramps up Firmwide adoption

Oct 6, 2020 by Gouri Achary 0 Comments #Habib Abdur-Rahman, #Investcorp, #Rishi Kapoor

Investcorp, a leading global provider and manager of alternative investment products, today announced that it has appointed Habib Abdur-Rahman, Principal, Corporate Development as its internal ESG lead. Within this new role, Habib will be responsible for overseeing the accelerated adoption of a standardized ESG framework, including implementing and enhancing ESG alignment across all business lines and geographies.

Commenting on the appointment, Rishi Kapoor, Co-Chief Executive Officer of Investcorp said: “One of our key priorities at Investcorp is to deliver sustainable value for our stakeholders. Integrating strong alignment with key ESG factors that are consistent with our own core values is an integral part of this process. We are pleased to have appointed Habib as a dedicated lead to further build upon the Firm’s approximately 40-year history of responsible investing and commitment to the communities in which we operate. We will continue to enhance our ESG commitments and practices.”

Habib Abdur-Rahman commented: “I am delighted to be appointed as the Firm’s ESG lead, an appointment which reflects the Firm’s recognition that ESG principles must continue to guide our activities, not only to do right by the communities in which we live, work and invest but to also deliver the exceptional service our clients expect. Investcorp’s purpose goes beyond excellence in alternative investing to encompass broader issues of environmental and social good, and I look forward to working with all our teams internally as well as with our external stakeholders to integrate consistently and considered ESG practices across our global investing platforms.”

Investcorp launched its group policy on Socially Responsible Investing in early 2019. The Firm’s efforts on firmwide adoption and embedding of sound ESG practices since then have been evolving
and gaining traction rapidly, with each business line adapting the application of a set of core principles to its markets and activities.

With the opening of Investcorp’s India office in 2019, the Firm has accelerated its adoption of a common ESG framework, with an initial aim of becoming fully aligned with this framework for all its investment activities in India as a pilot, and then propagating these across the rest of the Firm worldwide. Investcorp India also partnered with Cambridge University’s Consulting Network, the UK’s largest student-run consultancy, to leverage the talent and perspectives of the next generation of thought leaders and developed an ESG framework that is modelled on the principles of the Sustainability Accounting Standards Board (SASB). Since then, Investcorp has already commenced integrating ESG principles into its investment strategies in India, starting with a clear focus on ESG risk mitigation across all investments and transitioning to being an active opportunity seeker over the medium term.