Exploring
  our True Potential

Corporate Profile

Welcome to Aurum Ventures Private Limited. We are a multinational company, headquartered in Mumbai, founded in the year 1999 by a first generation entrepreneur, Mr. Ashish Deora. Aurum Ventures is the holding company of Aurum Group which has multiple special purpose subsidiaries operating under it.

Aurum is a value Investor with a focus on long term investments in special situations both in India and overseas. At Aurum we specialize in making investments in businesses challenged by the need to affect immediate and significant change. Our investments are constructive and high value in exit-potential while being conservative in entry pricing. When it comes to valuations and possible value additions, the company always displays out-of-the-box thinking and approach.

Aurum has a passionate approach to explore untapped opportunities to achieve the best possible returns. Successful and quick turnarounds is one of its key strengths which it has achieved over the years through an efficient and effective use of capital and its strong management team.

We at Aurum have a wide range of interest in high growth sectors like Real Estate in India, Mining in South America and Junior Mining in East Africa. Currently we are focused on an integrated Mixed-Use Development of 7 million square feet in Navi Mumbai, Iron Ore Mining in Brazil, Uruguay, Gold Exploration in Tanzania and Coal Exploration in Mozambique.

Aurum in past has made successful investments in Telecom, Aviation, Information Technology Services, Real Estate and Automobile Component sectors. It was also the first company in India to create Optic Fiber based Metropolitan Area Network.

Today, Aurum has its presence in India, Brazil, Mozambique, Singapore, Tanzania, UAE and Uruguay.

Aurum Key Strengths

  • A strong, special situation investor with a successful exit track record
  • Experienced Investment and Management team
  • Certainty of transaction closure
  • Unique transaction sourcing
  • Works closely with investee companies
  • Quick response time
  • Ability to deal with multiple stakeholders
 

 

Company Structure

 

 

Values and Approach

Values

Empowerment, transparency, speed, hard work, focus and passion across functions and care for each other like a closely knit family.

Approach

Aurum takes pride in its successful track record of profitable exits in challenging investment scenarios. Aurum has set up an integrated scientific and methodical process of analysis which studies every investment scenario through a prism of technical, financial, legal, commercial and geo-political aspects, coherently with intrinsic and extrinsic overlays of the following key special situations.

Key Special Situations

Corporate Divestitures and Carve-Outs

At Aurum we target businesses of larger corporations that would benefit from new ownership, including divestitures, spin-offs or carve-outs. Aurum invests its capital based on the ability to effect material improvement in profitability through implementation of a new business strategy, cost reduction and capital investment. We have successfully created new companies to purchase the assets of businesses in successful divestiture transactions.

Operating Turnarounds

Our investment strategy stems from the belief that superior investment returns are achieved by catalyzing the turnaround of underperforming or distressed businesses. We often pursue businesses facing the threat of closure, liquidation, or with a history of operating losses. At Aurum we prefer to invest in turnaround plans predicated on cost reduction, capital investment and capital availability.

Businesses Operating in Bankruptcy

Aurum targets potential businesses that are operating in bankruptcy. It has extensive experience in structuring complex transactions involving banks, bondholders, other creditor constituencies and stockholders. At Aurum we have successfully raised significant capital to provide exit financing to banks and other creditor groups in connection with its bankruptcy activities.

Out-of-Favor Industries

Aurum targets good businesses that cannot otherwise obtain capital because the industry in which it operates is out-of-favor with the capital markets. The capital markets sometimes are closed to companies operating in industries that are cyclical, contracting, or burdened with over-capacity. Aurum takes a contrarian and long-term view in such situations.

 
 

 

Corporate Governance

Corporate Governance Principles

Aurum and its Board recognizes the importance of corporate governance for the effective management of the company and for the protection of interests of its stakeholders. The Directors of the company are committed to maintaining the highest standards of corporate governance. The Board fulfils its mandate either directly or through its Committees which it oversees.



Aurum has constituted the requisite Committees to comply with the relevant regulatory norms. Committees of the Board report to the Board with respect to the performance and fulfilment of their Board approved mandates. The duties and responsibilities of the Board are to supervise the management of the business and affairs of the Corporation and to act with a view towards the best interests of the Corporation.

In discharging its mandate, the Board is responsible for the oversight and review of

  • The strategic planning process of the company
  • Succession and career planning, including appointing, training and monitoring management
  • The health and safety of the employees and community at large
  • Identifying the principal risks of the company’s business and ensuring the implementation of appropriate systems to mitigate these risks
  • The integrity of the company’s internal controls and management information systems
  • And ensuring local empowerment and protection of interests
 

The Board has also formulated a Code of Conduct and Ethics for its Directors, officers and employees and monitors compliance with the Code by ensuring all Directors, officers and employees receive and become thoroughly familiar with the Code and acknowledge their support and understanding of the Code. Aurum believes that a company’s success is built on foundation of personal and professional integrity which are as important as its commitment to excellence.

The Company has a policy of zero tolerance towards unprofessional, unethical and illegal activities indulged in by any of its members, officers and all persons it employs or engages with.

 
 

 

Investment Criteria

Industry Focus

Aurum is presently focused on Real Estate, Mining and Junior Mining.

Target Company Revenues

The focus of Aurum is on the value of the target rather than its revenues.

Equity Capital

Aurum generally invests in common stock or in securities that are convertible into common stock, including preferred stock securities.

Transaction Size

We target opportunities with total transaction sizes up to US$ 200 Mn.

Control

Aurum is a control investor. While we generally own a majority of a company's common stock, we exercises control by nominating a majority of a company's board of directors. As long as we maintain control, we are flexible about the size of our economic ownership of a company.

Geography

We target companies headquartered and with a majority of operations located in India; however Aurum portfolio companies operate businesses and joint-ventures overseas as well.

Target Company Profitability

A history of profitability is not necessary to be considered for Aurum investment. It considers businesses with a history of operating losses. Almost all of our portfolio companies were not profitable prior to their creation or acquisition.

 
 

 

Advisors and Directors


Bhaskar Chatterjee

Bhaskar joined SBI in January, 1974 and Indian Administrative Service (IAS) in July, 1975 (Orissa Cadre). He has over 38 years of experience holding various executive and management positions including Deputy Secretary in Ministry of HRD & Director, Social Welfare, Govt. of Orissa. He retired as the Secretary to the Govt. of India, Department of Public enterprises, Ministry of Heavy Industries & Public Enterprises. Presently he is the Director General & CEO of Indian Institute of Corporate Affairs , an autonomous organization established by Ministry of Corporate Affairs.

Dr. Mohan Kaul

Dr Mohan Kaul is currently Chairman of the Commonwealth Business Council and Commonwealth Investment Corporation. Dr Kaul was appointed Director-General and Chief Executive Officer of the Commonwealth Business Council (CBC) on its establishment by the Commonwealth Heads of Government in Edinburgh in October 1997, a position he held until 31st March 2012. He is also a member of the Board of the Crown Agents Foundation. He has been a member of the Presidential Advisory Councils of Mozambique, Uganda, Tanzania, Ghana, Nigeria, Zambia and similar councils in other countries. Dr Kaul is a Ph.D graduate from the University of Paris, Sorbonne.

BVR Subbu

BVR Subbu has a vast automotive industry experience. His leadership in Hyundai Motors India where he last served as President was phenomenol. He left Hyundai Motors in 2006 to take on advisory roles in several automotive outfits based in India. A member of the Board of the Crown Agents Foundation, he also holds a directorship in Avasarala Technologies Ltd, a specialized component and module manufacturer. Prior to Hyundai Motors India, BVR Subbu was attached to Tata Administrative Services from 1978 to 1996.

Mannubhai K. Parekh

Mannubhai was associated with Bank of Baroda for 36 years at various positions and retired in 2006 from the position of MD of BoB Capital Markets. He joined KJMC Asset Management Company Ltd. as CEO and was looking after launching of Mutual Funds. He is the Member of Board of Directors of Aurum Ventures.

 

 

Management Team


Ashish Deora

Leads the experienced team at Aurum

Ashish is a widely-travelled, first generation entrepreneur having founded the group in 1999. He has a wide interest in high growth core sectors like Energy (Conventional & Renewable), Mining, Real Estate. He has identified opportunities in early stages and has concluded transactions at lightning fast speed with structured investments. Ashish completed his schooling from Scindia School, Gwalior and completed his graduation in commerce from St. Xavier’s College, Kolkata. He subsequently completed a Corporate Restructuring Mergers and Acquisitions (CRMA) programme and a prestigious Owner/President Management Program (OPM) from Harvard Business School. Ashish is member of Indo-Japanese Global partnership forum. He is also an active member of Mumbai Angels Network.

Saurabh Sangekar

Has been a part of Aurum since 1999

Saurabh comes with a Bachelor’s degree in Electrical Engineering from Dharwad University, Karnataka, India. He has over 27 years of experience in implementing large scale projects, setting up production facilities, creating infrastructure and completing high value acquisitions. Saurabh has been involved in planning and creation of Telecom Infrastructure for semi government and private organizations which includes VSAT's, Videoconferencing, TDMA Radios, Optic Fiber Infrastructure etc. He is spearheading Aurum’s Mining portfolio in Africa and South America. Saurabh has been a part of Aurum since inception in 1999.

Shreerang Athalye

Has been a part of Aurum since 2001

A Masters in Management Studies from University of Mumbai, Shreerang has over 28 years of Entrepreneurial, Industry & Consulting experience in various start-ups and M&A activities. He has held various key positions in the Industry including CFO of a company listed on BSE. He also was a key mem ber in launch of first GSM operations outside Metros after which he launched an ISP company as a promoter. Shreerang is passionate about Innovation and continues to deliver “Innovation on Demand” to the corporate world.

U C Lakhwani

Has been a part of Aurum since 2008

U C Lakhwani has a Master’s Degree in Economics from Bhagalpur University, a Masters Degree in Public Administration from Utkal University and another Master’s Degree in Law from Utkal University. He is a Fellow Member of the Institute of Company Secretaries of India. He has over 40 years of corporate experience. He was a Vice President(Legal) in Lazard for over a decade and Joint Director of the ICAI prior to that.

Dr Sadanand Pimprikar

Has been associated with Aurum since 2013

Dr.Pimprikar is one of the topmost geologists in India with a vast experience specifically in gold and diamond of more than 32 years. He has held senior positions including Director, Geological Survey of India and Senior Advisor- Essar Minerals, India. He is an expert in mineral exploration, exploration management and geological and economic evaluations for a variety of commodities. Dr. Pimpirkar has published more the 25 papers in scientific journals and proceeding pertaining to the field of earth sciences. He was awarded the National Mineral award in the year 2000 by the Ministry of Mines, Government of India for his exceptional services in the field of Environmental Geology. He is also a fellow member of the Geological Society of India and a member of SAAEG.

Tajinder Virdi

Has been a part of Aurum since 2015

Tajinder Virdi brings with him more than 24 years of experience in Real Estate & Contracting organizations. He was earlier working as Business Head with Era Group. Tajinder has also been associated with Purearth Infrastructure (DCM Group), AEZ Group, Som Datt Developers, Unitech, Eicher and Trident Groups. He has worked across functions in the Construction industry. Tajinder did his B.E. from Thapar University. He also has an MBA / PGDIM degree.

Mantesh Sahapur

Has been a part of Aurum since 2015

With 24 years experience in design and construction industry, Mantesh strength lies in depth knowledge of detailed designing and co-ordination among several agencies during construction time. Mantesh has joined Loma IT Park Private Limited in February 2015 Prior to joining Loma IT Park Mantesh has also worked with leading Project Management Consultants firms like Cushman and Wakefiled and leading air-conditioning companies like Blue Star Ltd /Mitsubishi. He has also worked with M&E consultant and has a sound knowledge in designing, installation, testing, commissioning, maintenance and trouble-shooting of MEP systems.

Jayant Bhodke

Has been a part of Aurum since 2010

Jayant completed his Bachelors in Civil Engineering from University of Mumbai. He has a total work experience of 9 years in the real estate industry working on major projects.

Shrinivas Deshpande

Has been a part of Aurum since 2011

Shrinivas has a Bachelor’s Degree in Production Engineering and a Masters in Management Studies (Finance) and also qualified internal auditor for ISO 9001:2001 on Quality management system. He started his career as an engineer and moved into the area of valuation field. He has conducted Asset valuations and TEV studies in various verticals of Manufacturing & Real Estate sector.

Onkar Shetye

Has been a part of Aurum since 2012

Onkar has a Bachelor’s degree in Science from University of Mumbai & a Master’s degree in Renewable Energy, and Management from UK. He has a wide experience of working across India, Europe & Africa & has previously worked with multinationals like Accenture & Siemens. He is passionate about clean technologies & sustainable development.

Dr Harish Ahuja

Has been a part of Aurum since 2014

Dr. Ahuja is an M.Sc Gold Medalist in Geology from MLSU, Udaipur in 2002 and Ph.D from Department of Earth Sciences, IIT Bombay in the field of Structural Geology and AMS. With total 8 years in mineral industry, he worked with various reputed companies from Cement Giant, ACC Ltd, CRS SARL Madagascar , Srivastava Group, Salva Resources, Western Cluster Limited, Vedanta in different countries (India, Madagascar, Nepal, South Africa, Zimbabwe, Philippines, Liberia and now Tanzania),. His expertise includes geological mapping, drilling supervision, lithological, structural and geotechnical core logging, sampling - QAQC, resource estimation, report writing.

Sudhir Patil

Has been a part of Aurum since 2014

GIS Expert with specialization in Exploration and Mining Projects, Mr. Sudhir has previously worked with Reliance Jio Infocom Ltd for GIS Based Support to India’s Largest LTE 4G project. He has completed a diploma in Business Administration with specialisation in Project Management from National Institute of Management. He also successfully completed Landuse & Panoroma project in “Genesys International Corporation Ltd“, Mumbai.

Supriya Rajshirke

Has been a part of Aurum since 2013

Supriya is a Chartered Accountant with 3 years of work experience in Accounting, Finance, Taxation and Audit. She has completed her Bachelors in Commerce from Mumbai University. She brings on expertise in modern accounting systems , streamlining procedures, achieving financial discipline and enhancing the overall efficiency of the organization.


The team is supported by competent administrative and support staff.

Sonia Semlani

Has been a part of Aurum since 2014.

Sonia is a Company Secretary and has completed Executive Levels from Institute of Company Secretaries of India. She has a Masters Degree in Commerce from Mumbai University. She brings expertise in the domain of Corporate Laws and Merchant Banking.