Processing .....please wait.. 
The article has been forwarded.... 
PE fund Jina Ventures to invest $200 Mn in India
By siliconindia
Mumbai: New York based Jina Ventures plans to garner $200 million through raising funds by the end of 2008 to invest in Indian companies.
"Jina Ventures have identified six Indian mid-sized companies in the manufacturing and life-sciences sector and will close the investment in the first half of the financial year 2009-10," said Ron Shah, Founder and Managing partner, Jina Ventures.
The firm had previously invested $50 million in 12 Indian companies in the construction, manufacturing and consumer goods segments, and exited from nine of them with 'substantial' returns, Shah added.
Jina Ventures participated in a variety of advisory assignments including $10 million financing round for MakeMyTrip.com in India, selling a Pune-based call center to General Electric and $8 million financing round for M&A Engineering. In addition, Jina Ventures advised on a number of India-related M&A and corporate finance transactions across a variety of industries.
In 2005, Jina Ventures launched their first crossover private/public fund and has since completed over a dozen investments in India. The fund currently demonstrates a gross IRR of 72 percent per annum.
Jina Ventures currently operates though their headquarters in New York City, with satellite offices in Mumbai, Tokyo, Singapore and Bangkok. The Company will open offices in New Delhi and Ahmedabad during 2008.
