MUFG Bank, Ltd., established in 1957, is a prominent commercial bank headquartered in Sydney, Australia, with a global presence in 41 countries. It offers a comprehensive suite of banking products and services, including loans, deposits, guarantees, remittances, foreign exchange, derivatives, cash management, trade finance, and asset finance. As a subsidiary of MUFG Bank, Ltd., it operates as part of Mitsubishi UFJ Financial Group (MUFG), one of the world's largest banks with approximately $3.2 trillion in assets. MUFG's services span corporate and investment banking, transaction services, and personal banking, catering to individual, corporate, and institutional clients worldwide.
Managing Director and Global Head of Healthcare Banking
Junichi Hanzawa
President and chief executive
Shashank Joshi
Deputy CEO, India
Patrick Klein
Director
Benjamin Reid
Executive Director
Yutaro Takeuchi
Analyst, MUFG Global Corporate and Investment Banking
Rob Ward
Managing Director and Head of Asian Investment Banking Division (AIBD), Ocenia
Past deals in South Asia
Shiprocket
Series E in 2024
Shiprocket is an eCommerce shipping platform based in New Delhi, India, that was founded in 2017. The company specializes in providing cost-effective shipping solutions for direct-to-consumer retailers. Shiprocket's platform utilizes a machine-learning-based data engine to recommend appropriate courier services, select courier companies, print shipping labels, and track orders from a unified interface. This functionality allows businesses to efficiently manage their shipping and returns processes. Additionally, Shiprocket Packaging offers high-quality packaging materials with a focus on on-time delivery across India, catering to brands and businesses of all sizes.
Shriram Finance
Debt Financing in 2024
Shriram Finance is an Indian non-banking finance company that specializes in providing financing for pre-owned commercial vehicles and equipment, as well as various types of loans. The company's offerings include personal loans, business loans, bike loans, gold loans, and loans for commercial vehicles. In addition to loan origination and valuation, Shriram Finance also focuses on loan collection, offering ancillary services such as financing for working capital, engine replacement, bill discounting, credit cards, and tire loans. The majority of the company's revenue is generated from interest income on the loans it provides, with its primary market being India.
Power Finance
Post in 2024
Power Finance Corporation Limited is a non-banking finance company based in New Delhi, India, specializing in providing financial products and advisory services to the power sector. Established in 1986, the company offers a range of fund-based products, including various types of loans such as corporate, bridge, and term loans, as well as financing options for renewable energy projects like solar and wind power. Additionally, Power Finance provides tools for debt refinancing, energy efficiency projects, and equipment leasing. Its non-fund based offerings include guarantees and letters of comfort for credit enhancement. The corporation serves a diverse clientele, including state and central power utilities, private power sector entities, and equipment manufacturers. Through its services, Power Finance aims to support the development and enhancement of India's power infrastructure.
Adani Power
Post in 2024
Adani Power, a subsidiary of Adani Enterprises, is an Indian electric utility company that generates and transmits energy. It operates power plants across India, utilizing thermal fuel sources like coal, as well as solar and steam generation. The company sells electricity through long-term agreements, with its primary revenue coming from power generation and related activities. Adani Power's operations are predominantly based in India.
UltraTech Cement
Post in 2024
UltraTech Cement is an Indian multinational cement company that specializes in the production and distribution of various cement products, including gray cement, ready-mix concrete, and white cement. It plays a significant role in the construction sector by providing essential building materials and support throughout the home-building process. The company offers a diverse product portfolio, including Ordinary Portland cement, Portland blast-furnace slag cement, and Portland Pozzolana cement, catering primarily to customers in the building and construction industries. UltraTech Cement is dedicated to environmental sustainability, emphasizing the importance of reducing, reusing, and recycling resources to ensure responsible practices and conservation for future generations. The majority of its revenue is generated within India, reflecting its strong market presence and commitment to the nation's infrastructure development.
DMI Finance
Private Equity Round in 2024
DMI Finance is a non-banking financial company based in Delhi, India, specializing in a range of financial services including consumer loans, home loans, business finance, and asset management. The company operates a nationwide credit platform, focusing on corporate lending, housing finance, and financing for micro, small, and medium enterprises (MSMEs). DMI Finance aims to provide tailored credit solutions to meet diverse customer needs, leveraging technology and innovative partnerships. It is supported by a network of global institutional investors, strategic family offices, and leading banks, ensuring a robust foundation for its financial offerings.
Battery Smart
Series B in 2024
Battery Smart is an electric vehicle (EV) battery-swapping network based in Delhi, India, that focuses on providing advanced lithium-ion batteries for electric two and three-wheelers. Established in 2019, the company has developed a retrofittable 48V lithium-ion twin battery system compatible with various electric rickshaw and two-wheeler models. Its network allows EV drivers to swap batteries in approximately two minutes, effectively addressing common challenges such as range anxiety and the downtime associated with charging. By offering interoperable battery solutions, Battery Smart enables users to avoid the recurring costs of battery replacement while enhancing the overall convenience of electric vehicle use.
Battery Smart
Series B in 2024
Battery Smart is an electric vehicle (EV) battery-swapping network based in Delhi, India, that focuses on providing advanced lithium-ion batteries for electric two and three-wheelers. Established in 2019, the company has developed a retrofittable 48V lithium-ion twin battery system compatible with various electric rickshaw and two-wheeler models. Its network allows EV drivers to swap batteries in approximately two minutes, effectively addressing common challenges such as range anxiety and the downtime associated with charging. By offering interoperable battery solutions, Battery Smart enables users to avoid the recurring costs of battery replacement while enhancing the overall convenience of electric vehicle use.
Adani Power
Post in 2024
Adani Power, a subsidiary of Adani Enterprises, is an Indian electric utility company that generates and transmits energy. It operates power plants across India, utilizing thermal fuel sources like coal, as well as solar and steam generation. The company sells electricity through long-term agreements, with its primary revenue coming from power generation and related activities. Adani Power's operations are predominantly based in India.
KreditBee
Series D in 2024
KreditBee is a financial technology company based in India that specializes in digital lending services, focusing on small-ticket personal loans for salaried individuals, young professionals, and college students. The company leverages technology and data analytics to simplify the loan application and approval process, making credit more accessible and convenient. KreditBee's online platform allows users to quickly apply for loans and receive funds, often within hours, catering to those who may not have a credit history or access to traditional financing options. By offering flexible installment-based payment plans, KreditBee aims to provide hassle-free financing solutions for individuals pursuing their aspirations.
NHPC
Post in 2024
NHPC Limited, established in 1975 as a Central Government Enterprise, is India's largest hydroelectric power development corporation. It plans, promotes, and organizes efficient power development through conventional and non-conventional sources domestically and internationally. With an authorized share capital of Rs.15,000 crores and Miniratna status since 2008, NHPC operates as a Schedule 'A' enterprise of the Government of India. Initially tasked with challenging projects like Baira Siul, Loktak, and Salal-I, NHPC successfully commissioned these hydroelectric plants between 1981 and 1987, solidifying its position in India's hydro power sector. As of now, NHPC has a total installed capacity of 7071.2 MW from 24 projects, including joint ventures, solar, and wind power facilities. The company generates revenue primarily through long-term agreements with state electricity boards for energy sales.
ACEN
Post in 2023
ACEN is a Philippines-based energy provider and a key player in the renewable energy sector, operating as the energy platform of the Ayala Group. With approximately 4,000 MW of attributable capacity from facilities in the Philippines, Vietnam, Indonesia, India, and Australia, ACEN boasts a renewable energy share of 98%, making it one of the leaders in the region. The company's operations are divided into three segments: the Philippines segment, which primarily generates revenue through retail electricity supply and the generation, transmission, distribution, and supply of both renewable and thermal energy; the International segment, which focuses on similar activities abroad; and the Parent and Others segment, which encompasses various interests, including oil and gas exploration and production. This diverse approach positions ACEN as a significant contributor to the energy landscape in Southeast Asia and beyond.
First Solar
Post in 2023
First Solar is a leading manufacturer of solar photovoltaic panels and systems, utilizing advanced cadmium telluride technology known as thin-film technology to convert sunlight into electricity. The company focuses on utility-scale development projects and operates production facilities in Vietnam, Malaysia, the United States, and India. By continually reducing manufacturing costs, First Solar aims to provide an affordable and environmentally friendly alternative to fossil fuels. It also emphasizes responsible product life cycle management through a comprehensive collection and recycling program for its solar modules, setting industry standards in sustainability.
DMI Finance
Venture Round in 2023
DMI Finance is a non-banking financial company based in Delhi, India, specializing in a range of financial services including consumer loans, home loans, business finance, and asset management. The company operates a nationwide credit platform, focusing on corporate lending, housing finance, and financing for micro, small, and medium enterprises (MSMEs). DMI Finance aims to provide tailored credit solutions to meet diverse customer needs, leveraging technology and innovative partnerships. It is supported by a network of global institutional investors, strategic family offices, and leading banks, ensuring a robust foundation for its financial offerings.
Bira 91
Venture Round in 2023
Bira 91 is a craft beer brand established by B9 Beverages in 2015. Initially, the company produced its beer in Belgium, using a craft distillery to source ingredients from France, Belgium, the Himalayas, and Bavarian Farms. Following early success, Bira 91 transitioned to manufacturing in India, where it now operates five breweries. The brand offers a diverse range of beers, including low bitterness and high alcohol wheat beers, and is available in various formats such as draft, 330ml bottles, 650ml bottles, and 500ml cans. Bira 91's products can be found in over 600 towns and cities across 18 countries, bolstered by a partnership with Kirin Holdings, a Japanese beverage company. The brand focuses on delivering unique and flavorful craft beers to consumers seeking authentic beverage alternatives.
KreditBee
Series D in 2022
KreditBee is a financial technology company based in India that specializes in digital lending services, focusing on small-ticket personal loans for salaried individuals, young professionals, and college students. The company leverages technology and data analytics to simplify the loan application and approval process, making credit more accessible and convenient. KreditBee's online platform allows users to quickly apply for loans and receive funds, often within hours, catering to those who may not have a credit history or access to traditional financing options. By offering flexible installment-based payment plans, KreditBee aims to provide hassle-free financing solutions for individuals pursuing their aspirations.
Exim Bank of India
Debt Financing in 2022
India Exim Bank provides financial and banking services to cater to the different needs of Indian exporters. Exim Bank's products assist them in expanding their boundaries by identifying their business goals and inspiring them to compete internationally. Exim Bank aims to assist exporters in assessing international risks and capitalizing on opportunities. Their in-depth country and sectoral studies equip exporters with the tools they need to face international business challenges and enter new markets.
Adani Power
Post in 2022
Adani Power, a subsidiary of Adani Enterprises, is an Indian electric utility company that generates and transmits energy. It operates power plants across India, utilizing thermal fuel sources like coal, as well as solar and steam generation. The company sells electricity through long-term agreements, with its primary revenue coming from power generation and related activities. Adani Power's operations are predominantly based in India.
REC
Post in 2022
REC Limited is a public financial institution based in New Delhi, India, specializing in financing services for the power sector. Established in 1969, the company provides a range of loans, including long-term, medium-term, and short-term financing, to various entities such as state electricity boards, government power utilities, independent power producers, and rural electric cooperatives. REC also plays a crucial role as a nodal agency in implementing key government initiatives aimed at universal household electrification and improving power distribution. In addition to its financing activities, the company offers consultancy services related to transmission and distribution, and it coordinates competitive bidding processes for transmission service providers. REC Limited was previously known as Rural Electrification Corporation Limited before rebranding in October 2018. It operates through an extensive network of offices across India, serving both public and private sector utilities.
Jupiter
Series C in 2021
Jupiter is a digital banking app with one simple aim – to deliver a banking experience that keeps pace with you. We help you cut through the banking jargon, offer smart insights based on your spending, and provide you with a range of new-age features to enable you to make sense of your finances.
Reliance Retail
Post in 2021
Reliance Retail Limited, a subsidiary of Reliance Industries, operates a vast retail network across India, comprising neighborhood stores, supermarkets, hypermarkets, wholesale cash and carry stores, specialty stores, and online platforms. It offers a wide array of products, including fresh foods, groceries, apparel, lifestyle and home improvement items, electronics, and farm implements. With a customer-centric approach and a robust value chain from farmers to consumers, Reliance Retail aims to provide democratized access to products and services across various segments.
Zetwerk
Debt Financing in 2021
Zetwerk is an end-to-end manufacturing supply chain solutions provider based in Bengaluru, Karnataka, India. Founded in 2018, the company operates an online marketplace that connects large manufacturing firms with vendors and suppliers for customized products, including crane parts, machine chassis, doors, and ladders. Zetwerk specializes in various manufacturing services such as die casting, sand casting, investment casting, and fabrication, allowing businesses to efficiently meet their requirements for customized components and assemblies. The platform offers collaboration and execution tools that facilitate interactions between buyers and suppliers, ensuring seamless order fulfillment. By leveraging a nationwide network of manufacturing facilities, Zetwerk enables clients to procure custom products tailored to their budget and timelines, while also supporting suppliers in expanding their order volume and revenue.
Hiver
Debt Financing in 2021
Hiver is a software company that enhances Gmail by turning it into a collaboration platform for managing shared email accounts, such as support@. Based in Bangalore and San Jose, Hiver serves over 1,500 customers across 30 countries, including notable organizations like Hubspot and Harvard University. The platform allows teams to assign emails as tasks, designate owners, and track statuses, fostering accountability and transparency. Key features include email delegation, automation of task assignments, and an activity log that displays interactions related to assigned tasks. Hiver also offers collision alerts to prevent multiple team members from responding to the same email and provides analytics to assess team performance. By promoting a culture of trust and knowledge sharing, Hiver aims to streamline email collaboration for businesses.
Cholamandalam
Post in 2019
Cholamandalam is an Indian assurance firm that provides a range of assurance schemes, including accident, engineering, health, liability, marine, motor, property, travel, and rural insurance for individuals and corporate assurance. Cholamandalam’s assurance products targeted at individuals include health insurance, car insurance, travel insurance, home insurance, and personal accident insurance. While its products targeted at corporate firms include health, fire, engineering projects, engineering operations, property crime, marine insurance, and liability insurance. Cholamandalam was established in 2001 as a result of a joint venture between Murugappa Group, a major South Indian business conglomerate and Japan’s largest general insurance firm, the Mitsui Sumitomo Insurance Group.
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