Dear friends and well-wishers of Kampani Capital,
March has always been a busy month for India Inc for a long time – traditional year closing for Indian firms with everyone striving for the last mile push in sales, profits and volumes. It has been no different for us at Kampani Capital – Physical roadshows in Singapore and Gift City plus a whole lot of action in the emerging businesses like EV, Semicon, Deep Tech etc as well as some of the old economy favourites like Hospitality and Infrastructure-linked Logistics. Infact it is quite heartening to see one of India’s largest conglomerates which had humble beginnings in steel, very recently announcing the pivot towards AI, EV and Climate. These are some of the sectors which this newsletter has been talking about for the last 6-9 months. The recent Govt Of India approvals on 3 new Semicon projects(~15 BnUSD) as well as the new EV import policy have already started generating a lot more positive ripple effects in this space with potential to create large eco-systems around the main investments.
During our roadshows in Singapore and GIFT as well as our interactions with global fund managers managing LP money, some of the more interesting trends were on the flow of money. While Indian firms were predominantly capital seekers for the last 15-20 years, there has been a clear shift of Indian investors and Family Offices becoming capital allocators – a strong testament to the rising wealth of Indians/persons of Indian origin. We are also seeing LPs taking a lot more interest in advising their investee companies/Fund Managers on Sales, Finance, HR, Legal and Strategy rather than just remaining passive investors waiting for their quarterly newsletters!
Sowmya and I would like to thank all our clients, partners, investors and well-wishers for taking out time to meet or speak to us over the last few weeks despite everyone’s busy schedule. We hope to soon set up local presence in GIFT City in addition to our current presence in Bangalore, Delhi, Pune and Mumbai. Let me end by wishing everyone a very Happy and colourful Holi as well as best wishes from the entire Kampani Capital team for a fabulous new financial year 2024-25.

Amar Kampani
CEO and Founder,
Kampani Capital (a division of Anak Consulting LLP)
24th March 2024