Bank of Baroda

Bank of Baroda, founded in 1908, is a prominent commercial bank headquartered in Maharashtra, India. The bank provides a comprehensive range of financial products and services, including personal banking, commercial banking, and corporate banking solutions. Its offerings encompass accounts and deposits, loans, investments, insurance, and digital banking services. Bank of Baroda also engages in specialized services such as supply chain finance, cash management, and treasury services. With a presence in 17 countries, the bank aims to meet diverse banking needs for individuals, businesses, and corporate clients. The merger with Vijaya Bank in 2019 further expanded its reach and service capabilities.

Ajay K Khurana

Executive Director

Mayank Mehta

Executive Director

Murali Ramaswami

Executive Director

Papia Sengupta

Executive Director

P. S. Jayakumar

Managing Director and Chief Executive Officer

8 past transactions

Vistaar Finance

Venture Round in 2022
Vistaar designs and delivers customized loan products that address the individual needs of small businesses in terms of loan amount and tenor. Vistaar targets the dominant livelihoods in specific markets, e.g. power looms/textiles, and creates financial products to address the specific needs of that industry. One of the company core strengths lies in its solid, experienced, and visionary leadership: Vistaar founders have more than 55 years of combined experience across commercial, agriculture and rural banking, technology, and operations.

National Asset Reconstruction Company

Corporate Round in 2022
NARCL has been incorporated under the Companies Act and has applied to Reserve Bank of India for license as an Asset Reconstruction Company (ARC). NARCL has been set up by banks to aggregate and consolidate stressed assets for their subsequent resolution. PSBs will maintain51% ownership inNARCL. NARCL is intended to resolve stressed loan assets above ₹500 crore each amounting to about ₹ 2 lakh crore. In phase I, fully provisioned assets of about Rs. 90,000 crores are expected to be transferred to NARCL, while the remaining assets with lower provisionswould be transferred in phase II

REC

Post in 2022
REC is an infrastructure finance company that operates in financing projects in the complete power sector value chain. The company offers financial assistance to state electricity boards, state governments, central and state power utilities, independent power producers, rural electric cooperatives, and private sector utilities through its extensive network of offices across the country. REC was founded on 1969 and is headquartered in New Delhi, India.

Ola Electric

Debt Financing in 2021
Ola Electric Mobility Pvt Limited, founded in 2017 and headquartered in Bengaluru, India, is a prominent player in the electric vehicle sector. As a subsidiary of ANI Technologies Private Limited, the company specializes in the manufacturing of electric vehicles and key components, such as battery packs, motors, and vehicle frames, at its Ola Futurefactory. Ola Electric aims to enhance electric mobility by collaborating with vehicle and battery manufacturers, cities, and driver-partners to create a comprehensive and affordable mobility ecosystem. The company not only focuses on the domestic market but is also exploring opportunities for exporting its electric vehicles to select international markets, positioning itself to capitalize on the growing demand for sustainable transportation solutions in India and beyond.
Spandana Sphoorty Financial Limited engages in the micro finance business in India. The company offers income generation loans for low-income households; loans against property; and loans for women to expand their existing income generating activities, smoothening household cash flows, and acquiring productive assets. It also provides gold loans for agriculture, business, and short-term liquidity needs; and interim loans. The company serves low-income clients in urban and rural areas. Spandana Sphoorty Financial Limited was founded in 1998 and is based in Hyderabad, India.

Quassar Capital

Venture Round in 2016
Quassar Capital is a firm with a broad presence in the US, founded in 2012, which manages $23.6 billion in assets. Our people have extensive experience in various fields such as applied mathematics, statistical methods, financial markets, as well as advanced programming with a quantitative approach, which has allowed a sustained growth in recent years always betting on the most innovative technology and which is reflected in the excellent results towards our investors. Delivering high-quality returns requires unwavering focus, continuous adaptation to dynamic conditions, and the active pursuit of market opportunities. To achieve this, we invest significantly in technology and infrastructure and bring together diverse perspectives and approaches.