Investment Opportunities in India

Praveen Kadle presented his in-depth investment thesis at Emerging Value Investing Summit 2013.

About the instructor:

Praveen Kadle is the founding Managing Director & CEO of Tata Capital Limited and has been with the Tata Group for over 18 years. Tata Capital is a subsidiary of Tata Sons Limited (“Tata Sons”), and represents Tata’s foray into the financial services space covering products and services across retail and commercial lending, distribution and broking, wealth management, investment banking and private equity. Praveen joined the Tata Group as Chief Financial Officer of group’s joint venture with IBM in India where he served for 5 years. Thereafter he joined Tata Motors Limited (“Tata Motors”) as Vice President (Finance) and in the year 2001 was promoted to the board of Tata Motors Limited as Executive Director – Finance and Corporate Affairs. Praveen played a major role in the turnaround and growth of Tata Motors. While at Tata Motors, he was also instrumental in setting up and guiding the operations of Tata Technologies and TELCON (a Tata Motors – Hitachi JV) which have become market leaders in the engineering design space and in the construction equipment business in India respectively. During his tenure at Tata Motors, Praveen was part of the senior leadership team that managed several cross-border acquisitions including Daewoo Truck Company of South Korea (2004, US$ 102 million), Incat Technologies of UK (2005, US$ 91 million) and Jaguar- Land Rover of UK (2008, US$ 2.3 billion). He also led a fund raising programme of US$5 billion during this period. Prior to joining the Tatas, Praveen was the CEO and member of the board of Garware-Wall Ropes Limited, a synthetic yarn, industrial fabric and synthetic cordage company that has global operations with a consistent profit track record. Praveen is a board member on various Tata and non-Tata companies and is also on the advisory board of Japan’s Institute for Indian Economic Studies at Waseda University, Tokyo. He is also on the Executive Committee for Tata Group HR and Tata Quality Management Services (”TQMS”) Additionally, he is actively involved with various public charitable institutions, notably as a board member and honorary treasurer of Child Rights and You. Praveen has received a number of awards in recognition of his outstanding contribution to Tata Motors, including: CNBC-TV18’s best performing CFO in the Auto & Auto Ancillaries sector for 2006; the Best CFO of the year 2005 by Business Today; and the CFO of the year 2004 by IMA (formerly known as the Economist Intelligence Unit). Praveen is an honours graduate in commerce and accountancy from Bombay University and has qualified as a Chartered Accountant, Cost and Works Accountant and Company Secretary.