Financial Services

Equity Funds

India Auto Ancillary Fund

India Auto Ancillary Fund (IAAF) was conceived as a sector specific Fund, with an eye on the de-regulated auto components sector in India. This sector was anticipated to see significant investment, consolidation and re-structuring, with the arrival of global majors in the country. However, slow sector development resulted in limited opportunities for capital growth. Accordingly, IL&FS Investment Managers Limited (IIML) worked with Investors to broaden the investment focus to include other growth sectors such as technology and life sciences

The Fund has made 8 investments across Auto, Technology and Pharmaceuticals and has divested from all of these investments, generating a 18% gross return and a 2.1x gross multiple for its contributors

Key Transactions
Malladi Drugs & Pharmaceuticals
Future Software Limited
iMetrix Group

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