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What is Indostar Capital Finance? – About, Objective, Sponsor, and More

by The Digital Trendz
What is Indostar Capital Finance? – About, Objective, Sponsor, and More

About

IndoStar is a non-banking finance company “NBFC” registered with India’s Reserve Bank as a systemically important non-deposit taking company.

We are a professionally managed and institutionally owned organization engaged in providing structured term financing solutions to corporates.

And also, It used new Vehicle Financing for transporters.

Or Home Finance through our wholly-owned subsidiary IndoStar Home Finance Private Limited.

And also, Loans to SME borrowers in India.

We have loans to suit your requirements so that your life takes-off.

We are committing to finding new ways to develop value-based and innovative financial solutions for our customers.

What is the Objective of Indostar Capital Finance?

The Fund will invest in secured debentures to increase safety.

The Fund aims to generate regular/recurring income, which will be distributed to Unitholders quarterly or earlier as per the Investment Manager’s investment strategy.

Who is the Sponsor of Indostar Capital Finance?

The Fund is sponsoring by Amulya Corporation Private Limited (“Sponsor”).

And also, a wholly-owned subsidiary of Everstone Capital Advisors Private Limited (“Everstone Capital”).

Everstone Capital is the investment manager and sub-advisor to international private equity funds and real estate funds managers.

ECAPL also owns 50% in Indospace Capital Advisors Private Limited.

And also, an Indian sub-advisor to investment managers of international industrial real estate funds.

Everstone Capital was awarding ‘Private Equity Firm of the Year in India’ by Private Equity International for four consecutive years.

And also, The group currently has ~USD 2.5 bn in assets under management.

What are the GST Details of Indostar Capital Finance?

GST Details of IndoStar Asset Advisory Private Limited

  • GSTIN27AADCI2585G1ZH
  • PAN Card NumberAADCI2585G

What is the Credit Fund of Indostar Capital Finance?

IndoStar Credit Fund (The Fund) is a Category II Alternative Investment Fund registering with the Securities and Exchange Board of India (“SEBI”).

It is under the SEBI (Alternative Investment Funds) Regulations, 2012.

And also, The corpus of the Fund is INR 203 Crore.

The Fund has been formulating to invest primarily in fully secured high yield public and private debt and debt securities.

Credit Ratings

IndoStar is a rating by CARE Rating Ltd., ICRA Limited, CRISIL Limited, and India Rating & Research Private Limited (Fitch Group).

IndoStar enjoys an A.A. – (minus) rating for Long-Term borrowings and the highest short-term rating of A1 + (plus) for Short-Term borrowings.

1.      Long-Term

InstrumentDebt Programme

Rating of AgencyCARE Rating Ltd.

CARE AA-; Positive

Rating AgencyIndia Rating and Research Private Limited

IND AA-/Stable

InstrumentMarket Linked Debentures

Rating of AgencyCARE Rating Ltd.

CARE PP-MLD AA-; Positive

2.      Short-Term

InstrumentCommercial Paper

Rating AgencyCARE Ratings Ltd.

CARE A1+

Rating AgencyICRA Limited

[ICRA]A1+

Rating AgencyCRISIL Limited

CRISIL A1+

Who are the Board of Directors of Indostar Capital Finance?

·         Mr. Bobby Parikh

Mr. Bobby Parikh is the Chairman and Non-Executive Independent Director on the board of IndoStar.

He has nearly three decades of experience in the financial services industry/reorganizations.

And also, He has founded Bobby Parikh Associates.

A boutique firm focused on providing strategic tax and regulatory advisory services.

Mr. Parikh is a qualify Chartered Accountant from the Institute of Chartered Accountants of India.

And also, It holds a Bachelor of Commerce degree from the University of Mumbai.

·         Ms. Naina Krishna Murthy

Mrs. Naina Krishna Murthy is a Non-Executive Independent Director on the board of IndoStar.

She has more than two decades of experience in the legal sector.

She is the Founder and Managing Partner of Krishnamurthy & Company.

And also, she is a trusted legal advisor to numerous corporations.

India Business Law Journal recognized her as ‘A-List’ of India’s top 100 lawyers in 2018, 2017, and 2016.

And also,She holds a degree in Law, with a B.A. and LLB (Hons) from National Law School, Bangalore.

What is the Asset Advisory of Indostar Capital Finance?

About IndoStar Asset Advisory Private Limited (IAAPL)

IndoStar Asset Advisory Private Limited (IAAPL), and a company incorporated in India.

It is a wholly-own subsidiary of IndoStar Capital Finance Limited (ICF).

And also, IAAPL will act as the investment manager for the funds.

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