Past Investments - Kotak Mahindra Group
Business Standard Ltd.
Kotak Mahindra Group invested in Business Standard Ltd (BSL), the publisher of India’s leading business daily – Business Standard, in 1996. Business Standard is published from seven centres in India - Mumbai, New Delhi, Kolkata, Bangalore, Chennai, Ahmedabad and Hyderabad. The Financial Times of London has taken an equity stake in BSL.
Apart from a business newspaper, BSL publishes several periodicals, including BS Motoring, Indian Management, and Routes: the Gateway Magazine (a lifestyle magazine).
The Group is still holding the stake in BSL.
Allsec Technologies
Allsec Technologies Limited is a business process outsourcing company offering both voice and non-voice services on a blended delivery platform. The Group invested in Allsec Technologies in 2002.
Starting out in 1998, Allsec has emerged as a global corporation, servicing veritable corporate majors across the world on a 24/7/365 basis. Balancing rapid growth with an expansion in service offering, Allsec is acknowledged for its expertise in BFSI, Tech Support, Quality Assurance and HR Processing domains.
The Group exited its investment in the company in 2005-06.
Divi's Laboratories
Divi’s Laboratories was established in the year 1990 with Research & Development as its prime focus. From the very beginning, Divi’s Laboratories focussed on developing new processes for the production of Active Pharma Ingredients (APIs) & Intermediates. The company in a matter of short time expanded its breadth of operations to provide complete turnkey solutions to the domestic Indian pharmaceutical industry. The Group invested in the company in 2001.
The company has two units both complying with the cGMP guidelines and US FDA approved. The company also undertakes contract research on process development for discovering new compounds for leading MNCs across the world and partners with them for the supply of APIs.
The Group has divested its stake in the company in 2003.
Hutch (Vodafone Essar) India Ltd.
Hutch India, now acquired by Vodafone Essar was a leading telecom player in India. The company commenced operations in India in 1994 when it acquired the cellular licence for Mumbai. The Kotak Group invested in the company in 1998. Hutch was subsequently acquired by Vodafone Essar, a subsidiary of Vodafone Group Plc, and has operations in 16 circles covering 86% of India's mobile customer base.
Over the years, Vodafone Essar, under the Hutch brand, has been named the 'Most Respected Telecom Company', the 'Best Mobile Service in the country' and the 'Most Creative and Most Effective Advertiser of the Year'.
The Group sold its stake in the company in 2006.
Sasken
Established in 1989, Sasken is an embedded communications solutions company that helps businesses across the communications value chain accelerate product development life cycles. The Group invested in the company in 2001.
Sasken offers a unique combination of research and development consultancy, wireless software products and software services, and works with Network OEMs, Semiconductor Vendors, Terminal Device OEMs and Operators across the world and has Fortune 500 and Tier 1 companies in these segments as its customers. Today, Sasken employs over 3,500 people operating from state-of-the-art research and development centers in India, China, Europe, UK & US.
The Group exited the company in 2006.
Hurix Systems
Hurix is a leading solutions provider of Custom Application Development and other IT Services; Custom Content Development Services; Composition, and Content conversion services for Publishing and Media sector; and educational content for the K-12, higher education and continuing education domains. The company commenced its operations in 2000 and has been one of the fastest growing technology companies in the Asia Pacific region. The Group invested in the company in 2000.
Today, Hurix has proven capabilities in technology, publishing, training, and education with global reach spanning the Asia Pacific markets of Korea, Singapore, and Hong Kong, as well as North America and Europe. The company has also been featured in Deloitte’s Technology Fast 500 Asia Pacific list from 2004-2007.
The Group sold its stake in the company in 2007.