Avendus Capital's Industrials vertical, services manufacturing businesses in raw materials and industrial components that integrate to create India’s manufacturing behemoth. The team consists of professionals with 50+ years of combined investment banking experience in manufacturing and related industries. One of the focus areas is specialty chemicals which is witnessing strong interest, driven by India’s low-cost manufacturing ecosystem and the progressively increasing culture of R&D and innovation.
Sub-Sectors in Focus
Our mergers and acquisitions (M&A) advisory and private equity (PE) syndication services are recognized as amongst the best in these chosen sub-sectors.
- Specialty chemicals
- Automobile and automotive components
- Packaging products
- Capital goods
- Flow control
- Building materials
- Industrial Automation
- Power ancillaries
- Infrastructure ancillaries
- Renewable energy
- Industrial consumables
Led By
Koushik Bhattacharyya
Managing Director and Head, Industrials, Avendus Capital
Koushik Bhattacharyya joined Avendus in 2010 and leads the Industrials vertical of the investment banking business. He has an overall experience of over 13 years in investment banking, across capital markets, mergers and acquisitions (M&A) and private equity (PE) advisory, and is based in Mumbai.
At Avendus, he is responsible for building relationships with entrepreneurs, corporate houses and global conglomerates, and advises them on M&A and PE transactions from origination to closure. He has been involved in publishing industry reports and knowledge papers which have garnered a lot of attention from industry participants and financial sponsors. Prior to joining Avendus, Koushik worked with the investment banking division of Enam Securities (now Axis Capital) where he was a part of their deal origination team covering life sciences and infrastructure sectors.
He holds an MBA degree from IIM, Ahmedabad and a Bachelor of Technology degree from IIT (ISM) Dhanbad.
Transactions
Reports
Data Centres: Powering Digital India
India's data centres market is expected to lead the next wave of Real Assets investments by growing at a CAGR of ~40% - highest in the Real Assets space - to ~1,700 MW capacity by 2025, on the back of investments worth USD 5 billion during this period. Learn about the key drivers leading to the success of Data Centres in India while taking a deep dive into the return dynamics, investor interest and market landscape.
B2B Marketplaces: Revolutionizing the Indian B2B commerce supply chain
With less than 1% tech penetration, India’s B2B trade presents a USD 2 trillion+ opportunity that is yet to see meaningful disruption. According to our latest report, tech-enabled B2B marketplaces are expected to drive USD 125 billion+ commerce by 2027, growing at c.45% CAGR over the next 5 years. We bring you a deep dive into the B2B commerce value chain in India, including key players, success drivers and other defining trends that we expect to play out in the future.
MSME Lending: Unlocking potential, Realizing Dreams
There exists a whitespace in the form of a USD 120 Bn+ funding deficit in the small ticket MSME lending segment, providing the potential for a deal flow of c. USD 15 Bn over the next decade. As this segment enters a virtuous cycle, nimble, specialized NBFCs with differentiated business models have the right to win and the potential to generate 20% ROEs sustainably.
Energy transition and clean energy investment in India
Investment interest in the Indian energy transition sector swelled in 2022, despite the global economic slowdown. The sector is going to undergo a sea change over this decade with companies investing into several emerging businesses focused on decarbonisation. This presents an annual investment opportunity of over USD 25 billion.
Quality Assurance 3.0
Traditional software testing has a new avatar - Quality Assurance 3.0! Spurred by a growth in emerging technologies, evolving customer expectations, and rapid digital transformation, the USD 40 billion global Digital QA market is projected to grow to USD 70 billion by 2030. Winners are making huge crossovers to deliver the requirements of new-age customers, enabled by cutting-edge technologies and digital-native talent. Our report provides insights into critical elements which have been shaping the Quality Assurance industry.
Retail Health Insurance - A Large Whitespace
This segment has the potential to become a USD 25 billion market in the next five years. Our report aims to identify the key factors which make Health Insurance a highly attractive segment and delves into how Retail Health is expected to be a key growth driver within the overall insurance landscape.