India continues to be a major recipient of funds from IFC. The World Bank investment arm has so far invested $4.8 billion in the country, making India, IFC's largest portfolio accounting for 9.5% of its total funding, according to the organization's annual report.
IFC has committed over 36 projects in India in FY2014-15 for total financing of $984 million. Of this IFC has contributed $934 million, while $50 million was mobilized from other investors. The organization, has a strong focus on low-income states in the country.
CDC's mission is to support the building of businesses throughout Africa and South Asia, to create jobs and make a lasting difference to people's lives. CDC's portfolio of investments is valued at £3.4bn (year end 2014) and includes 1,331 investee businesses. Last year these companies together employed over 1,100,000 people and paid £1.5bn in local taxes.
Its primary focus is on equity investments in companies that are directly or indirectly associated with bringing about the inclusion of the poor within the formal financial system, i.e. financial inclusion. These are: -
IFIF focuses its efforts on promoting a wide range of financial services to the poor, for their business and personal needs, including, credit, savings, insurance or remittance facilities. IFIF looks to make investments in high-growth and efficient institutions that are focused on providing the entire range of financial services using traditional as well as innovative models for reaching the unreached and in doing so deliver reasonable financial returns so that the well-developed Indian Financial and capital markets will have an opportunity to participate in the financial inclusion agenda of the country.
IFIF aims to achieve double bottom line objectives of financial inclusion and capital appreciation. Through its investments, the Fund aims:
Sequoia is now helping the next generation of innovators build the lasting companies of tomorrow. To know more about the Sequoia team in India and the companies we have partnered with, please visit www.sequoiacap.com/india
Bajaj Holdings & Investment Limited (erstwhile Bajaj Auto Limited) was de-merged as per Order dated 18 December 2007 of the Hon'ble Bombay High Court, whereby its manufacturing undertaking consisting of Automobile business was transferred to the new Bajaj Auto Limited and its strategic business undertaking consisting of wind farm business and financial services business vested with Bajaj Finserv Limited. All the businesses and all properties, assets, investments and liabilities of erstwhile Bajaj Auto Limited, other than the manufacturing undertaking and the strategic business undertaking, remained with BHIL.
Effective 29 October 2009, the Company has been registered with the Reserve Bank of India as a Non-Banking Financial Institution and is categorised as a 'Systemically Important Non-Deposit taking NBFC'.
With a sizeable pool of cash and cash equivalents, BHIL is essentially an investment company, holding as on 31 December 2014, strategic stakes of 31.49% in Bajaj Auto Limited (BAL) and 39.29% in Bajaj Finserv Limited (BFS), the results of which are consolidated with BHIL.
BHIL by having major stakes in both BAL and BFS benefits from the growth of these companies in their respective areas of Automobiles and Financial Services & Insurance. As of 31 December 2014, BHIL has investments of over Rs. 6,100 crore (USD 1 billion) with a market capitalization of over Rs. 15,500 crore (USD 2.5 billion).
BHIL is headed by Mr. Rahul Bajaj (Chairman) and Mr. Sanjiv Bajaj (Managing Director).