Bajaj Auto Finance, promoted by Bajaj Auto (India’s leading 2-wheeler manufacturer), is an NBFC engaged in financing across high yielding categories such as 2-wheelers, consumer durables and personal loans. The Company has a nationwide network of 100 branches and has grown disbursements at a 37% CAGR over the previous three years taking its total assets to about $552 million at the end FY 2007.

Balkrishna is a niche low-cost tyre manufacturer focused on manufacturing & exports of off-the-road (OTR) tyres. The Company has an extensive network of distributors across 75 countries and 95% of revenues are derived from exports. Balkrishna also sells to a number of prominent OEMs like JCB, Terex, Ingersoll Rand and Case New Holland.

Gammon is one of the leading engineering, procurement and construction companies in India. The Company has broad-based expertise in infrastructure projects such as oil and gas pipelines, hydro-electric projects, roads, highways, bridges, tunnels and dams. Gammon does revenue over of $300 million and plans to selectively pursue international projects and build, operate and transfer contracts.

Idea Cellular, part of the Aditya Birla Group, is the fifth largest player in the wireless telecom industry with a subscriber base of 17 million as of July 2007 (9% market share). The Company operates in 11 circles currently: Andhra Pradesh, Delhi, Gujarat, Haryana, Kerala, Maharashtra, Madhya Pradesh, Uttar Pradesh (West), Himachal Pradesh, Rajasthan and Uttar Pradesh (East). Idea Cellular is also entering the long distance telephony sector and is looking to become an integrated telecom services player.

Intas Pharma has been one of the fastest growing domestic formulations company for over the last three years. It has a diversified product portfolio focused on chronic segments such as gastro, cardiovascular and psychiatry. Exports constitute a fourth of their total business with presence in UK, Africa & Latin America. The Company recorded total revenues of around $168 million with a CAGR of 28% over the last five years.

JMT Auto is a leading auto component manufacturer focused on gears and other transmission components. The Company’s clients include Tata Motors, Telcon, Timken India and Tata Cummins. Leveraging its strong domestic expertise, the Company has built a strong export pipeline with orders from large global OEM’s like Caterpillar, Case New Holland and DaimlerChrysler. JMT Auto recorded total revenues of around $36 million with a CAGR of 40% over the last five years.

Mahindra Finance is a non-banking finance company focused on the rural and semi-urban sector providing finance for utility vehicles, tractors and cars. The Company is a subsidiary of Mahindra & Mahindra, a leading tractor and utility vehicle manufacturer with over 60 years of experience. The Company has a network of 400 branches managing $1.3 billion of total assets.

Mankind Pharma is the fastest growing domestic formulations company, with revenue CAGR of 60% over the last four years. The Company is the 14th largest manufacturer in the domestic market with a portfolio of more than 210 brands. Seven of the Company’s brands have a market leadership position while eight other brands are at the second rank. Mankind Pharma grew in revenues from $46 million in FY 2005 to $117 million in FY 2007.

Moser Baer is a leading global optical storage media manufacturer with a 16% global market share. The Company manufactures the complete range CDs and DVDs for 11 out of the top 12 global OEMs and exports constitute over 80% of its total revenue. Moser Baer has diversified into the solar cell and module manufacturing business. The Company grew its revenues from $285 million in FY2005 to $438 million in FY2007.

Parksons is India’s leading manufacturer of folding paperboard cartons. The Company is an end-to-end packaging solutions provider, meeting packaging requirements from conceptualization to product delivery. The markets targeted by Parksons include the food, FMCG and pharma sectors as well as the emerging high growth sectors like apparel, beverages and mobile handsets. The Company has a blue-chip client base including L’Oreal, McDonalds, Unilever, Kellog’s, Wal-Mart and Cadbury with exports constituting 58% of total revenues.

Spanco is one of the leading networking and systems integration solutions company in India providing network integration services to telecom operators, government departments and armed forces. The Company has evolved to extend its expertise into the dynamic space of call centre and business process outsourcing. The recent initiatives include foray into RFiD space and enhanced presence in European and Middle Eastern markets. Spanco grew in revenues from $24 million in FY 2005 to $95 million in FY 2007.

Titagarh Wagons (TWL) is the second largest freight wagon manufacturer in India. The Company has the capability to produce a wide range of wagons including flat bed, boxed, open type and passenger coaches. TWL also has a niche fabrication business catering to civil construction and defense sectors. The Company had a revenue base of $77 million in FY07 which has grown 4 times over the last 4 years.