Karvy Computershare, a Hyderabad, India-based provider of investor and issuer services for the asset management industry and Indian corporations, received an investment from General Atlantic.
The amount of the deal, subject to regulatory approvals and custom closing conditions, was not disclosed. As part of the transaction, Computershare Limited (ASX: CPU) and certain other shareholders will exit their investments in Karvy Computershare. C. Parthasarathy, will continue as a meaningful shareholder in Karvy Computershare and will become Chairman of the Board of Directors.
Founded in 1995 and led by V. Ganesh, CEO, Karvy Computershare is a provider of investor and issuer services for the asset management industry and Indian corporations. With an employee base of over 5,500 experienced professionals, the company is a market leader in investor servicing in India by offering its services through its branch network in over 200 locations across the country.
The company, which became a joint venture between Karvy Group and Computershare Limited (ASX: CPU) in 2004, services over 90 million investor accounts for its clients, including asset managers and Indian corporations. It is also licensed by India’s Pension Fund Regulatory and Development Authority (PFRDA) as the official Central Record-keeping Agency (CRA) for the National Pension Scheme (NPS).
The company will now seek to expand and enhance its portfolio of services via further strategic investments, both organic and inorganic, in its platform.
FinSMEs
07/08/2017