ICICI Venture Emerging Sectors Funds  

ICICI Venture is one of the largest and most successful private equity firms in India with funds under management in excess of USD 2 billion. ICICI Venture, over the years has built an enviable portfolio of companies across sectors including pharmaceuticals, Information Technology, media, manufacturing, logistics, textiles, real estate etc thereby building sustainable value.It has several “firsts” to its credit in the Indian Private Equity industry. ICICI Venture is a subsidiary of ICICI Bank, the largest private sector financial services group in India. ICICI is the lead investor in Avesthagen.

Established in 1945, Tata Industries Ltd. was the managing agency for the Tata Group until 1970. In 1983, following the preparation of a long-term strategic plan. Tata Industries pioneered the entry of the Tata Group into several new sectors that were expected to have a significant impact on India's economy in the future. Since then, Tata Industries has functioned as the catalyst for the introduction of new businesses within the Tata Group, especially in areas of high technology and future economic potential. TIL is a strategic investor in Avesthagen.  

Godrej Industries Limited is India's leading manufacturer of oleochemicals and makes more than a hundred chemicals for use in over two dozen industries. It also has a major presence in food products such as refined oil and tetrapack fruit beverages. Besides, it operates businesses in medical diagnostics and real estate. GIL is a member of the Godrej Group, which was established in 1897. Godrej is a strategic investor in Avesthagen.

CIPLA Limited - Meditab Specialities Pvt. Ltd.

In a path-breaking move for the Biotech-Pharmaceutical industry in India, Avesthagen and Cipla Ltd have embarked on a Collaborative Biopharmaceuticals Development Programme. The programme will result in the release of a new generation of targeted therapies. The partnership, which initially focuses on development of biopharmaceuticals in the area of autoimmune disorders, is expected to widen, with a bouquet of products in the pipeline to cater to other segments, such as CVD and Cancer.

BioMérieux SA 

bioMérieux is a worldwide group specialized in the field of in vitro diagnostics for medical and industrial applications. The group designs, develops, manufactures and markets systems used in Clinical Applications, Industrial Applications.

FID Funds (Mauritius) Limited

Established nearly 40 years ago, Fidelity International Limited (FIL) operates in markets outside the Americas. The company and its subsidiaries manage over $270 billion* for major institutions and millions of investors around the world.

With around EUR 13 billion of total sales in 2005, Groupe DANONE is the world leader in fresh dairy products and bottled water (in volume terms), and no. 2 in the biscuit market worldwide. In Asia, the group posted sales of more than EUR 2.2 billion with strong positions in the water market (no.1 in bottled water in China and Indonesia) and the biscuit market (leader in Malaysia, India and China, no.2 in Indonesia). Entered China's market in 1987, the group posted sales of around EUR 1.2 billion in China.

Groupe Limagrain

Groupe Limagrain, a French global seed major. Breeder and producer of plant varieties, Limagrain markets seed for agricultural and horticultural growers and for home gardeners. The Limagrain Group builds on its technical know-how and expertise to provide added value for the food ingredients and the bakery industries,and the garden products sector. A unique combination of skills that are represented across the world by internationally recognised brands.

The Times Group is one of the largest media services conglomerates in India and currently dominates the newspaper and media business in the country.

NYLIM India Fund

New York Life Investment Management India (FVCI) Fund II, LLC is a Mauritius based fund with an investment objective of achieving long-term capital appreciation through equity or equity-related investments into companies based in or with significant operations in India. The Fund is a wholly owned subsidiary of New York Investment Management India Fund II, LLC, Mauritius, a fund with the same objective. Previous investments by the Fund and its parent include Punj Lloyd Ltd, ABG Shipyard Ltd, Reliance Energy Ltd, Emaar-MGF Land Pvt. Ltd, S P Apparels Ltd, Bajaj Motors Ltd and Pipavav Shipyard Limited.