JM Financial Limited (JM Financial), is the flagship listed company of the Group.
JM Financial is an operating cum holding company and is engaged in various financial services businesses on its own and through its subsidiary and associate companies forming a well-diversified yet integrated financial services group known as JM Financial. JM Financial holds investments in its subsidiaries that are engaged in various businesses, namely, Non Banking Financial Services, Asset Reconstruction, Equity Research, Equity Broking to Institutional and non Institutional Investors, Wealth Management advisory, Mutual Funds Asset Management, etc.
The businesses undertaken by JM Financial Limited are as follows:
Investment Banking Business
JM Financial is one of the oldest merchant bankers in the country and provides wide range of services – capital raising, mergers & acquisitions, private equity and restructuring advisory – to a diversified client base of Indian and multinational corporates in the domestic and international markets. The services revolve around three main offerings.
- Mergers & Acquisitions and Restructuring
- Capital Markets
- Private Equity Syndication
Private Equity Fund Management Business
JM Financial Limited serves as an investment manager for the Private Equity Funds sponsored by JM Financial
JM Financial India Fund
The Fund is focused on providing growth capital to dynamic, fast-growing, unlisted companies in India. The Fund is a broad based, multi-sector fund that seeks to invest in companies that can leverage the domestic consumption story and the outsourcing opportunity in India. The Fund is focused on investing in retail, FMCG, manufacturing, pharmaceutical, healthcare, financial services, logistics and Business Process Outsourcing (BPO) sectors.
The Fund has committed around 100% of the total commitment across multiple companies in the high-end fashion retail segment, auto-components, farm-equipment, financial services, knowledge process outsourcing (KPO) and offshore logistics sectors and has had many exits.
JM Financial India Trust II
JM Financial India Trust II, a SEBI registered Category II AIF. JM Financial India Trust II (“Fund II”) is established as a trust under the Indian Trust Act, 1882 and registered with the Securities and Exchange Board of India (“SEBI”), under the SEBI (Alternative Investment Funds) Regulations, 2012. Similar to the first Fund, Fund II is an India focused private equity fund, providing growth capital to dynamic and fast growing mid-market companies in India.
Fund II targets to raise a total corpus of Rs. 1,000 Crore and is in the process of raising capital. Currently, the focus is more on domestic fund raising. Potential investors include institutions, families and HNIs, and we are strategically targeting a higher institutional investor base than in Fund I.
The Fund II has received an initial capital commitment from its Sponsor JM Financial Limited of Rs. 100 Crore. Additional capital commitments from other investors have also been received.
The Board of Directors of JM Financial consists of
- Mr. Nimesh Kampani – Non Executive Chairman
- Mr. Vishal Kampani – Non Executive Vice Chairman
- Ms. Jagi Mangat Panda - Non Executive & Independent Director
- Mr. P S Jayakumar - Non Executive & Independent Director
- Mr. Navroz Udwadia - Non Executive & Independent Director
- Ms. Roshini Bakshi - Non Executive & Independent Director
- Mr. Pradip Kanakia - Non Executive & Independent Director
- Mr. Sumit Bose - Non Executive & Independent Director
- Mr. Atul Mehra – Joint Managing Director
- Mr. Adi Patel – Joint Managing Director
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JM Financial Limited is a multifaceted financial services group engaged in various sectors. They specialize in Investment Banking, offering services like capital raising, M&A, private equity, and restructuring advisory. Their expertise extends to managing Private Equity Funds, focusing on dynamic, fast-growing, unlisted Indian companies across retail, FMCG, pharmaceuticals, financial services, and more.
The company operates through subsidiaries, investing in sectors like Non-Banking Financial Services, Asset Reconstruction, Equity Research, Equity Broking, Wealth Management, and Mutual Funds Asset Management. They're known for their diverse yet integrated financial services portfolio.
JM Financial India Fund is one of their notable initiatives, aimed at providing growth capital to companies benefiting from India's consumption story and outsourcing opportunities. The fund's investments span industries such as high-end fashion retail, auto-components, farm equipment, financial services, KPO, and offshore logistics.
Additionally, their JM Financial India Trust II, a SEBI-registered Category II AIF, focuses on India-centric private equity, targeting mid-market companies. The board, led by figures like Mr. Nimesh Kampani and Mr. Vishal Kampani, demonstrates a mix of executive and independent directors with substantial industry experience.
Concepts covered in the article encompass various financial services:
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Investment Banking: Involves capital raising, M&A, private equity, and restructuring advisory services.
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Private Equity Fund Management: Managing funds like JM Financial India Fund and Fund II, providing growth capital to dynamic, unlisted Indian companies in sectors like retail, FMCG, manufacturing, pharmaceuticals, etc.
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SEBI Regulations: Compliance with SEBI (Securities and Exchange Board of India) guidelines and regulations, ensuring transparency and legality in operations.
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Board of Directors Structure: Comprised of executive and independent directors overseeing strategic decision-making and governance.
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Financial Services Portfolio: Diversified services including Non-Banking Financial Services, Asset Reconstruction, Equity Research, Equity Broking, Wealth Management, and Mutual Funds Asset Management.
JM Financial's strategic focus on India's growth sectors, their ability to navigate the financial landscape, and their track record in managing funds and providing financial services showcase their expertise and leadership in the industry.
