Throughout history, a major pandemic has always had a negative impact on businesses across all levels. In India particularly, the impact of the coronavirus pandemic is not limited to a few sectors but is evident across all sectors and all geographies affecting majority of the stakeholders.
The operations of majority of the companies got severely impacted on account of COVID-19 lockdown. This has resulted in significant pressure on their cashflows and their ability to service loans. Most of such companies need urgent reworking of their business plans and infusion of fresh capital to take the operation back to the pre lockdown level.
Therefore many promoters would like to get in touch at the earliest with investors who have requisite appetite to invest in their business and provide the funding. Also promoters who are experiencing financial stress need credible sounding board to get a second opinion on various solutions along with their Pros and Cons on matters like One Time Settlement, Restructuring, Fund raising, managing lenders and investors expectations etc.
Promoters need to get in touch at the earliest with investors who have requisite appetite to invest in their business and provide the funding.
COVID-19 has created limitation in terms of free movement and interactions thereby severely hampering the available communication channels.
To resolve this limitations, Special Situation Advisors (SSA) has launched an exclusive online platform “SSA Fundraising & Advisory Platform” (where higher management of the companies can have access to industry experts for a quick second opinion with direct connect to domestic and global investors for fund raising.)
To discuss more on the opportunity and way forward on how companies can directly have access to the industry veteran and investors and exhibit their case for timely solution, we at SSA are delighted to host a webinar – “Investor connect in troubled times”… A journey towards revival.
SHAILENDRA DHAKADEY - CO_FOUNDER AND MANAGING DIRECTOR
Mr. Shailendra Dhakadey is B. Tech in Chemical Engineering and an MBA in International Business from Indian Institute of Foreign Trade, New Delhi. He has over sixteen years of experience in Distressed Assets Management, Corporate Banking and managing business start-ups. He has worked with Asset Reconstruction Company (India) Ltd. (ARCIL) as a part of Asset Resolution Group managing the portfolio across various industry like Textiles, Pharmaceutical, Engineering, Packaging, Ceramics, Dyes & Specialty Chemicals, Metal processing and Hospitality thereby gaining exposure in various aspect of ARC operations and Distressed Debt Investment Management. His extensive industrial relationships across various players in distressed debt space including Banks, ARCs, Distressed Debt Funds helps the organization to play a key role in structuring NPL portfolio transactions coupled with resolution strategies. As a result, he is the most referred professional in the Industry.
He was invited as a speaker at Asia Pacific Distressed Investing and Corporate Restructuring Summit 2014 & 2015, organized by Euromoney, Hong Kong to speak on Indian Distress sector. He was part of BSE- KAMCO conducted international program on Non-Performing Loan (NPL) Management at Korea, Thailand, Malaysia and Hong Kong. He also attended Venture Capital Development Program at Indian School of Business, Hyderabad. He gained rich banking experience both on Corporate Banking and Retail Banking at ICICI Bank Ltd. from the year 2003 to 2006. Prior to joining ICICI Bank, he had worked with Maruti Udyog Limited from 2001 to 2003 with New Businesses Group.
SURYA MAHADEV - JOINT MANAGING DIRECTOR
Mr. Surya Mahadev has over 30 years of experience in the Indian financial sector, spanning project finance, corporate credit & restructuring, consulting and stressed asset investments & resolutions. Over the past 15 years, he has focused exclusively on investing into and resolving stressed assets.
As a core member of the inception team at ARCIL, India’s first Asset Reconstruction Company (ARC), he was instrumental in concept selling to the lending community, valuation & acquisition of NPAs, and formulation & execution of resolution strategies - from deep restructurings, settlements to SARFAESI enforcements.
At Wilbur Ross’s India operations, he was a key member of a three - person team that raised a $300MN India-dedicated distressed PE fund. Through the life cycle of the fund, he was responsible for deal origination, diligencing, structuring and monitoring of investments all the way to exit. Over the last 4 years of his stint there, he headed the India office, reporting directly to Wilbur Ross. While representing the fund on the Board of investee companies, he was also actively engaged in managing the investee companies.
At Multiples PE fund, he was engaged in setting up a distressed investment practice and evaluated several transactions from early stage stress & special situations to deep distressed IBC bids.
During the first 14 years of his work life, Surya was with ICICI’s corporate lending team, building up a strong foundation in risk assessment, credit, and restructuring. He headed ICICI’s Baroda office for a year and represented ICICI on the boards of several companies.
Surya Mahadev is a B. Tech (Hons) in Metallurgical Engineering from IIT Kharagpur, and an MBA from IIM Calcutta. Aside from his impeccable academic background and rich experience of the distressed asset space, he brings with him an extensive network of relationships with the lending & investing community, industry professionals and intermediaries active in this space.