IndiaRF - Partnering turnarounds

IndiaRF is a joint venture between Piramal Enterprises Limited and Bain Capital Credit. The focus of this venture is to invest capital in the form of debt and equity in distressed assets and special situations in India, creating positive turnarounds with benefits for all stakeholders.

Piramal Group is a diversified conglomerate with operations in over 30 countries and a strong presence in more than 100 markets around the world. Valued at US$ 10 Bn, Piramal Group has diversified interests across Pharma, Financial Services, Information Management, Glass Packaging and Real Estate.

Over the past two decades, the group has consistently focused on growth and is ranked amongst the leading business conglomerates in India. The approach has created both organic and inorganic growth. The group has built solid global partnerships to augment its presence. The group houses over 10,000 people across 21 diverse nationalities from around the world.(1)

Financial services is a key area of focus for Piramal Enterprises. IndiaRF is a new initiative with the aim of tapping into an attractive asset class that has emerged recently in India.

(1) Data as of September 2017

Bain Capital Credit is a leading global credit specialist with nearly US$ 37 Bn in AUM.(2) The firm invests across the full spectrum of credit strategies, including leveraged loans, high-yield bonds, distressed debt, private lending, structured products, non-performing loans (NPLs) and equities.

Founded in 1998, Bain Capital Credit has organically grown into a global organization of more than 250 professionals operating from a network of ten offices on four continents. More than 110 investment professionals focus on identifying the most attractive credit opportunities in North America, Europe, Asia and Australia, and are supported by a deep, highly-tenured team of analysts, financial experts and other support staff.

(2) Data as of December 2017

Sectors in Focus

  • Cement
  • Steel
  • Power
Export Businesses
  • Auto components
  • Chemicals
  • Pharma
Consumer Businesses
  • Hospitals
  • Hotels
  • Paper