Nindrajog: We didn’t want to do what everyone else was doing. We want to be contrarian. We want to come in where valuations are attractive, where we can work with businesses and scale them up. We also felt that if we want to attract investors, we had to differentiate; to demonstrate that, we choose sectors that might not be in favour now, but can be growth engines in the next few years.
For instance, the EPC sector has not done well but Capacite has done well. The company was formed 3-3.5 years ago and it was touched Rs 1,000 crore in top line. It has orders in excess of Rs 5,000 crore and the company is liked by its customers. It is very customer-focused and quality-conscious. This makes the firm stand apart. It will grow 50 per cent next year. It’s an incredible team, with a professional background. We believe there are gems in every industry. Our objective is to find such firms.
Deepak Parekh son co Paragaon Partmers & Uday Kotak co Newquest have invested in Capacite.