Mathew Cyriac who was with Blackstone who badly burnt their fingers on this investment. This guy quit blackstone and invested in Gokak in personal capacity and was made to make open offer.
So he is very close to the business.my guess is he observed some potential when in blackstone but was not able to effect change and thus bought the stake himself. He seems to be confident in turning it around. The current fundamentals look miserable, so if someone trusts this guy can invest.