Sandeepp Saxena
AS India embarks on its journey toward becoming a developed nation by 2047, the centenary of its Independence, the country’s economic landscape is being shaped by key players in the financial sector. Among them, Elara Capital stands out as a driving force behind many of the strategic moves that are propelling India toward this ambitious goal.
With a deep commitment to fostering growth in emerging markets, Elara Capital has carved a niche for itself as a trusted partner in capital raising, mergers and acquisitions (M&A), and initial public offerings (IPOs). The firm’s work is more than just financial transactions; it is about contributing to the realisation of a shared national vision of Viksit Bharat@2047 under the leadership of Prime Minister Narendra Modi.
Elara Capital’s role goes beyond traditional financial services. The firm acts as a strategic partner, guiding companies through the complexities of growth and expansion. Whether it’s through capital raising, M&A advisory, or equity and debt financing, Elara’s expertise is instrumental in shaping the future of industries that are critical to India’s development.
Handling complex M&As
Elara Capital has earned a reputation for its deft handling of complex M&A transactions, especially in the challenging landscapes of emerging markets. The firm’s approach is holistic, covering every aspect of the transaction. Elara provides invaluable advisory services, conducts thorough due diligence, and ensures accurate valuations, making sure that every deal is not only financially sound but also strategically aligned with the client’s long-term goals.
A prime example of this is Elara’s work with Infrastructure Leasing & Financial Services (IL&FS), a cornerstone of India’s infrastructure sector. When IL&FS faced a financial crisis, Elara advised it on asset sales and strategic partnerships, helping the company manage its debt burden and stabilise operations.
Elara Capital’s expertise isn’t confined to domestic transactions. The firm is well-versed in managing cross-border M&A deals, where understanding the nuances of different regulatory environments, cultural contexts, and economic conditions is paramount.
By guiding companies through IPOs and M&A transactions, Elara is helping to fuel India’s digital transformation. Its work is aligned with the Government’s push to make India a global leader in technology and innovation by 2047
Powering through IPOs
Initial Public Offerings (IPOs) are one of the most visible indicators of a vibrant economy, and Elara Capital has played a significant role in bringing several high-profile Indian companies to the public market. One of the standout examples of Elara’s competency in this area is the 2010 IPO of Coal India Limited. Elara has also been instrumental in the IPOs of Bharat Dynamics Limited, Amber Enterprises India Limited, and TCNS Clothing Co. Limited.
Backing key sectors
Elara Capital’s contributions to India’s growth are particularly evident in its work across key sectors that are critical to the country’s future. In real estate, for example, Elara has advised on multiple highprofile transactions that are driving urban development and addressing the growing demand for housing.
In healthcare, Elara has supported investments that are expanding access to quality medical care, a crucial component of India’s development goals. The technology sector, too, has benefited from Elara’s expertise. By guiding companies through IPOs and M&A transactions, Elara is helping to fuel India’s digital transformation. Its work is aligned with the Government’s push to make India a global leader in technology and innovation by 2047.
Innovation, expansion
Elara’s capital-raising activities are critical to fostering the innovation and expansion necessary for India to achieve its 2047 goals. Whether through equity or debt financing, Elara helps companies access the capital they need to grow, innovate, and modernise.
By empowering companies to take bold steps forward, Elara Capital is not just contributing to individual success stories, it is helping to build the foundations of a more dynamic and competitive Indian economy.
Elara Capital’s influence extends beyond the transactions it facilitates. The firm’s research and analysis, including its equity research, sectoral reports, and market outlooks, provide critical insights that shape both corporate strategies and public policy.
For policymakers, Elara’s insights are invaluable in understanding market trends, identifying growth opportunities, and crafting economic policies that support sustainable development. By contributing to a more informed and strategic approach to economic planning, Elara is playing a key role in laying the groundwork for a developed India by 2047.
Shaping the future
As India moves closer to its centenary year of independence, the importance of financial institutions like Elara Capital cannot be overstated. Through its expertise in mergers and acquisitions, IPOs, capital raising, and sectoral analysis, Elara is driving both corporate growth and national development. The firm’s commitment to supporting key industries, fostering global collaborations, and guiding strategic investments is helping transform India into a developed nation envisioned by Prime Minister Narendra Modi.
Elara Capital’s work is not just about numbers on a balance sheet, it’s about shaping the future of a nation. As we look ahead to 2047, the firm’s ongoing contributions will be critical to ensuring that India not only meets but exceeds its aspirations, emerging as a global economic leader with a vibrant, inclusive, and sustainable growth story.
The visionary founder
NEW DELHI: Elara Capital’s Founder, Chairman and CEO Raj Bhatt has been successfully executing some of the industry’s most innovative financial transactions for over three decades.
A financial re-engineering and fund-raising expert, he has handled complex transactions across seven different locations spread over three continents. Bhatt is a member of the Institute of Chartered Accountants of India and the Institute of Company Secretaries of India.
He founded Elara Capital in 2002, and the company has been raising funds for several Indian corporates. The Group is today diversified into corporate advisory, asset management, broking, mergers, acquisitions, and private equity.
Elara has offices in India, New York, Singapore, Mauritius and London.