The Chennai-based boutique investment banking outfit
Spark Capital Advisors (India) Private Limited plans
to expand its reach. The Rs3-crore revenue company is
planning to be present all the major southern cities.
investors are keenly looking at the economic signals
that are in favour of India. For one, asset creation
is happening in Asian and Latin American countries and
there is less of capital creation in the US. Secondly
production and services will migrate to low cost economies
over next two decades. Unless there is a political /
military tilt to the contrary this trend will continue
to happen. And finally, with the building of the infrastructure
reaching the saturation point in the western world,
it now countries like India that offers opportunities,"
says chief executive officer K Ramakrishnan.
to him Spark Capital is active in industries like information
technology enabled services (ITES), engineering, auto
ancillaries, services and infrastructure.
others players in the investment banking space are scaling
up their operations there is still a space for boutique
companies like Spark Capital," Ramakrishnan adds.
to him, the two major problems that boutique companies
face are: (a) scaling up which requires capital and
(b) continue to advise companies that have grown up
and has raised capital from the public.
a major part this problem could be sorted out by offering
the entire suite of services on a regional basis. For
investment banking companies of our size, relationship
with clients is what fetches business." To have
a firm relationship Spark Capital has recently started
offering portfolio management services (PMS).
will not go to the market aggressively for securing
PMS mandate. This will be largely for our high net worth
individuals who are our clients," explains Ramakrishnan.