The Investment Sub Committee has a key role in ensuring adherence to a focused, disciplined and consistent manner to achieve optimum results.
The Investment Sub Committee is made up of five senior professionals. Each member has the specialist skills to bring objective, disciplined, and consistency to the review of each of Yatra Capital's investment opportunities. The Investment Sub Committee's role includes maintaining pricing discipline, ensuring that all transactions adhere to Yatra Capital's strategy and assessing the risk and return profile.
We believe that this consistent approach to deal evaluation enhances Yatra Capital's ability to extract additional value in transactions and generate higher risk adjusted returns.
David Hunter is Managing Director of Hunter Advisers, a property fund consultancy which offers advice on the launch and operation of property funds in the UK and overseas. Coupled with this role, he has a number of non-executive positions on international property companies, focused on delivering value for shareholders.
Until 2005, David was a leading Pan-European property fund manager with over 20 years experience and an exceptional track record of building and running fund management businesses.
David was President of the British Property Federation 2003-04 and led the industry delegation which successfully negotiated with the UK Government for the introduction of REITs.
After qualifying at a general practice firm in 1968 Malcolm was one of the first in his profession to gain an MBA by taking a full time two-year course at the Ivey Business School of the University of Western Ontario, Canada. Joining King & Co in 1970 he headed the investment part of the business for 23 years. That part of the business was involved in GBP 10 billion of transactions during the last financial year.
In 1993 Malcolm restructured the asset management side of the business, which grew the properties under management from GBP 850 million to the current level of more than GBP 10 billion today.
He was Senior Partner from 1987 to 2005 and International Chairman from 1992 - 2006. In 1992 he conceived and engineered the merger of King & Co with J P Sturge to form King Sturge. During his time as Senior Partner the company's turnover increased from just over GBP 11 million to approximately GBP 100 million and a staff of nearly 1600.
He is senior Non-Executive of Redrow Plc and a Non-Executive director of a Jersey based private property company as well as the managing director of a UK based private property company and on the Property Advisory Committee of Imperial College, London.
Harkirat began his banking career at the Citibank training centre in Lebanon. He then moved to Grindlays Bank, where he was the country head, India for foreign exchange and securities. Following this, he worked in Deutsche Bank for 18 years, starting the bank's operation in India in 1981. He led Deutsche Bank's first foray into venture capital with an investment in India's first venture capital company 'Indus Venture Capital India Private Limited'.
After leaving Deutsche Bank, he was appointed Special advisor to the managing board of Rabobank International. In 2002, Rabobank and Harkirat were granted approval for establishing a private bank in India and Harkirat was appointed CEO and Managing Director for the new entity until end 2003.
Harkirat is a member of the Board of Governors of the National Institute of Bank Management in India, a member of the advisory board of GEMS, a private equity fund based in Hong Kong, the chairman of the finance committee of the Indian Merchants Chamber and a member of the CEO Forum of the Economic Intelligence Unit of The Economist.
Dr. Archana Hingorani
Dr. Archana Hingorani, Chief Executive Officer & Executive Director, IL&FS Investment Managers Limited, has over 25 years experience in the financial services business, teaching and research. Her focus has been on private equity, project finance and financial structuring, with a specialization in infrastructure, manufacturing and real estate projects. She has been with the IL&FS Group for 17 years, and has performed a multitude of roles - starting off as an economist and moving on to project finance, and asset management. Dr. Hingorani has worked on some of the pioneering private finance transactions in India and has participated in negotiating and structuring project contracts, especially in the infrastructure and real estate sector. Dr Hingorani?s focus over the last 15 years has been on private equity fund management. She is one of the founding members of the IL&FS private equity business and has overseen investments with an aggregate capitalization value in excess of US$ 10 bn. In her present role as Chief Executive Officer, she leads an investment team of around 55 professionals. Dr. Hingorani is a Bachelor of Arts (Economics) with post-graduate qualifications in Management (MBA) as well as a Ph.D. in Corporate Finance from the University of Pittsburgh, USA. She is also a member of United Nations Environment Programme, Finance Initiative, CII National Committee on Infrastructure Finance and is on the Advisory Council of Emerging Markets Private Equity Association (EMPEA).
Mr. Arun Korati
Mr Arun Korati is a seasoned private equity professional with over 20 years of investment experience in India. He has deep and well entrenched relationships across the spectrum of financial services and strong understanding of the Indian regulatory and business environment. He has indepth domain knowledge of Indian infrastructure, real estate and engineering companies having invested across various growth stages of the companies. He has investment experience of more than 30 companies across sectors and has a track record of managing and exiting from companies across business and economic cycles. He has an astute understanding of business fundamentals and knows the value of cash flows, exits and capital preservation along with risk mitigation. He has in the past worked with marquee names like Axis Bank, New Vernon, IIML, Actis & Pathfinders Investments as key member of the Investment team and has been instrumental in driving strategy while employed with these fund managers.