IM CSIMaCS
A Business Profile
June 2008
ICRA Management Consulting Services Limited
About this document
This document provides a business profile and capabilities of IMaCS
IMaCS (ICRA Management Consulting Services Limited) is a wholly‐owned subsidiary ofIMaCS (ICRA Management Consulting Services Limited) is a wholly‐owned subsidiary of
ICRA Limited (referred to as ICRA in this document)
The information provided in this document is subject to change without noticeThe information provided in this document is subject to change without notice
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Introduction to IMaCS
IMaCS is a management consulting firm headquartered in India
We have seven offices in India and an operating footprint across 35 countries
h h l d b h lOver the past 15 years, we have completed about 900 projects with 400 clients
We operated as a division of ICRA till March 31, 2005 when we were demerged
Our clients comprise Governments, multilateral agencies, regulators, banks,
corporates and institutional investorsp
Three lines of service: (1) Consulting (2) Analytics (3) Transaction Advisory
Expertise in Strategy, Risk Analytics, Process Re‐engineering, Corporate Finance,
Regulatory Economics, and Development Consulting
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IMaCS is part of the ICRA group, which has interests in Credit Rating Management Consulting IT & KPO businessesRating, Management Consulting, IT & KPO businesses
ICRA Limited(Credit Rating)ICRA Group ( g)p
Management Consulting
IT &Analytics
KPO &Information
ICRA is a listed company in Mumbai, India. Principal shareholdersICRA is a listed company in Mumbai, India. Principal shareholders include:Moody’sBanks & Financial InstitutionsInvestment Institutions
100% owned by ICRA Limited
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Insurance companiesEmployees’ TrustGeneral Public
IMaCS is organised under five business groups
Board of Directors
M D N Gh h Ch i• 15 year operating history
Key Statistics
IMaCS
Mr. D.N. Ghosh, ChairmanMr. P.K. ChoudhuryMr. P.S. ShenoyMr. D.P. RoyMr. C.M. Vasudev
• Completed over 900 engagements • Over 400 clients • Worked in over 30 countries• Research across 20 industries• Over 80 full time professionals
‐ Business Groups ‐Mr. R.R. Rao, Managing DirectorOver 80 full time professionals
InfrastructureBanking &Finance Energy Corporate
Government/ Multi‐lateral s
• Banks• Financial Institutions• Financial Services Cos.• Asset Management
• Roads & Highways• Railways • Ports & Shipping• Airports & Air services
• Electricity• Generation• Transmission• Distribution
• Automotive & Engineering• Metals, Mining & Chemicals• Retailing & Consumer Goods• Healthcare & Life Sciences
• Central Govt.• State / Federal• Local Govt• Municipalities• Asset Management
• Insurance• Private equity• Micro‐finance• Financial Exchanges
• Airports & Air services• Special Economic Zones• Urban Transport • Municipal Finance• Water & Sanitation
• Distribution• Coal• Gas & Pipelines• Renewables• Carbon Finance
• Healthcare & Life Sciences• Tourism & Hospitality• Media & Entertainment• Technology & Telecom• SME
• Municipalities• Multilaterals• Regulators
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• Financial Exchanges • Water & Sanitation • Carbon Finance • SME
IMaCS’ services can be grouped under three themes
IMaCSIMaCS(Range of Services)
Consulting Research & Analytics
Transaction Advisory
• Strategy consulting • Market intelligence • M&A• Process consulting• Development consulting• Risk management• Quantitative modelling
g• Customised research• Risk analytics/software• Credit analytics• Quantitative Analytics
• Due diligence • Valuation• Project advisory• Financial restructuring
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• Economic regulation• Public policy• Change management
y• Industry/Sector research• Macroeconomic research• Index development
g• Public Private Partnership• Bid / Financial advisory• Corporate Finance
IMaCS has an international footprint – we have on‐the‐ground consulting experience in over 35 countriesground consulting experience in over 35 countries
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Denotes either projects done or clients located in a country
IMaCS focuses on six practice areas
StrategyEnhancing Competitiveness / Market Assessment / Improving effectiveness /
M k t I t lli / St t f l tiEnhancing Competitiveness / Market Assessment / Improving effectiveness /
M k t I t lli / St t f l ti1 Strategy
RiskManagement
Market Intelligence / Strategy formulation Market Intelligence / Strategy formulation
Credit Risk / Market Risk/ Operational Risk / EWRM/ Risk Analytics/ SoftwareCredit Risk / Market Risk/ Operational Risk / EWRM/ Risk Analytics/ Software
1
2 Management
ProcessConsulting
Cost reduction / Process re-engineering / Organisation designCost reduction / Process re-engineering / Organisation design3
TransactionAdvisory
M&A / Due diligence / Project Advisory / Bid advisory / Financial restructuringM&A / Due diligence / Project Advisory / Bid advisory / Financial restructuring
Consulting
4Advisory
Policy & Regulation Regulatory Economics / PPP Models/ GovernanceRegulatory Economics / PPP Models/ Governance5
DevelopmentConsulting
Investment Institutional Capacity Poverty Sustainable Climate Strengthening Building Alleviation Development
Investment Institutional Capacity Poverty Sustainable Climate Strengthening Building Alleviation Development6
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Service offerings
Range of consulting services…1Strategy Practice
Strategy1Strategy Practice
We think that strategy is about enhancing competitiveness.Our offerings are...
k d ( d d d ll dMarket assessment studies (environment scanning, demand modelling, macro‐economic studies,
benchmarking, consumer behaviour studies, and market intelligence)
Strategy formulation (Growth, Diversification and Entry strategies )gy ( , y g )
Enhancing shareholder value (strategies for improving competitiveness, increasing profits, cost
reduction, and value enhancement)
International trade and competitiveness (related to WTO, FTAs, & RTAs)
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Select clients in our Strategy Practice…A Strategy1
Automotive Engineering Consumer Goods
• Volvo• Tata Motors
Automotive
• Larsen & Toubro• BHEL
Engineering
• Hindustan Unilever
• Parry Confectionery
Consumer Goods
Tata Motors• Hyundai Motors• M&M• Maruti Suzuki Limited
BHEL• Biecco Lawrie• Caterpillar‐TIL• IDIADA, Spain
• Parry Confectionery
• ITC
• Perfunova
• Kaventer Agro• Cummins India• NATRIP• Sumitomo
• Mazagon Docks• Philips• Andrew Yule
• Kaventer Agro
• MAFCO
• Heritage
I d Ni• Apollo Tyres• Sundram Fasteners• Rane Madras
R t
• Thermax• Hindustan Dorr• Phoenix Yule
D I d t i
• Indo Nippon
• Radico Khaitan
• Liberty Shoes• Roots• Dunlop• Amco Batteries
• Doosan Industries• Century Metal• NALCO
• ICI
• Hindustan Foods
• Action Shoes
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Clients in our Strategy Practice…B Strategy1
Sample clients across various industries ‐ Telecom / Government / Tourism
UTV Limited MTNL PhilipsHutchison
Planning Commission
Comptroller & Auditor General
of India
Ministry of Commerce
Disinvestment Commission
Govt. of Uttaranchal
Indian Hotels (Taj group)
East India Hotels (Oberoi)
Jet Airways
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Clients in our Strategy practice…C Strategy1
Sample clients in the Banking and Infrastructure sectors
Bank of Nova Scotia
IFCBank of
SeychellesWorld Bank
y
Sundaram Finance
Cal Bank, Ghana IDBIOriental Bank of
Commerce
India Infra Finance Ltd
Banpu Thailand Acciona, SpainPowergrid Corporation
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Range of consulting services…2Risk Management
Risk2Risk Management
The essence of Risk management is to manage uncertainty withd li i t l d t W id f ll isound policies, processes, tools, and systems. We provide a full service
Our clientele is across all sectors ‐ Banking, Infrastructure, Manufacturingand services Our offerings are:
Risk management processes & systems as per the Basel II Accord ‐ Credit risk, Market & Operational Risk
and services. Our offerings are:
Enterprise‐wide risk management (for manufacturing, financial & service companies)
Strategies for mitigating risk (restructuring portfolios, derivatives, securitisation, contract structuring)
Risk modelling for all situations – e.g. investment / credit portfolios, large projects, complex instruments
Counter‐party risk assessment systems (for managing debtors/trading positions)
World class software for risk management and credit management in banks /financial institutions
Training for risk management ‐ banks, financial service organisations, and fund managers
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Clients in our Risk Management practice…A Risk2
Sample clients in the Banking / Financial sector
IDBI Clearing
Corporation of I di
Bank of IndiaState Bank
of India Indiaof India
HDFC YES Bank Bank of ZambiaNational Housing
Bank
Union National Bank, UAE
EXIM Bank of India
The Future Group
PTA Bank, Africa
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Clients in our Risk Management Practice…B Risk2
Sample clients in the Infrastructure Sector
Tata Power RPG Group Reliance EnergyA.P. Transco
PowerGenEastern
GenerationGujarat
Maritime Board
Commonwealth Development Corporation
GMR Group IRFC Ennore PortInternational Sea
Ports
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Clients in our Risk Management Practice…C Risk2
Sample clients in the Manufacturing / Service sector
Oil IndiaGas Authority of India Limited
NALCOIndian Oil
Hindustan
AeronauticsSesa Goa
Gujarat Narmada Fertilisers
BHEL
ICI IFFCO TVS ElectronicsMitsubishi
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Range of Consulting Services…3Process Consulting
Process Consulting3
Process Consulting
We focus on improving process and organisational efficiency of l d f d four clients in a wide variety of settings and across functions
Our clientele is across all sectors Banking Infrastructure Manufacturing
Cost reduction
Our clientele is across all sectors - Banking, Infrastructure, Manufacturingand services. Our offerings are:
Cost reduction
Business Process Re‐engineering
Organisation and process design
Supply chain management
Customer relationship management
Information & systems design
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Select Clients in our Process Consulting Practice Process Consulting3
Sample clients across various industries
East India Hotels Mersey
(Hongkong)
Karnataka Industries Area Dev Board
Hindustan Unilever
Dev. Board
MTNL Peerless HotelsMitsubishi Industries
Zoom Developers
Tata
MotorsPeerless General
FinanceCanara Bank
Central Reserve Police Force
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Range of Consulting Services 4…Transaction Advisory
TransactionAdvisory
4Transaction Advisory
Our Transaction Advisory practice focuses on M&A Project AdvisoryOur Transaction Advisory practice focuses on M&A, Project Advisory, Financial Advisory, and Asset restructuring
Corporate Finance (M&A, Asset restructuring) Project Finance (focus on infrastructure )
Investment advisory / M&A
Partner search & due diligence
Valuation / Structuring of deal
Structuring concession agreements
Bid process management
Fi i l d lli f l j tValuation / Structuring of deal
Deal negotiation and finalisation
Post merger/acquisition alignment
Financial modelling for large project
Project / bid structuring
Risk assessment & contract structuring
Asset restructuring/ purchase/sale
Structuring/valuation of financial instruments / Ratings advisory (ex‐India)
Assisting in financial closure
Payment security mechanisms
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g y ( )
Clients in our Transaction Advisory Practice…A TransactionAdvisory
4
Sample clients across various sectors – Engineering / Banking / Telecom & Technology
Sundram Fasteners
Tinplate Industries
Larsen & Toubro TIL Limited
ICICI Bank Canara Bank Sequoia Capital Bank of India
TVS ElectronicsShyam Telecom UTVHutchison
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Clients in our Transaction Advisory Practice…B TransactionAdvisory
4
Sample clients across various infrastructure sectors – Roads/ Railways / Power
Leighton Contractors
(I di )Lanco InfratechGMR Projects
Maytas Infrastructure
(India)
IRCONGovt of Delhi
(Delhi Mono Rail Project)
Konkan Railway Kutch Railway
NTPCPowergrid Corporation
Tata PowerRanhill, Malaysia
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Range of Consulting Services 5…Policy & Regulation
Policy & Regulation
5
Policy & Regulation
f i i l f d l i i hWe focus on Institutional Reform and Regulatory Economics with Government / Regulators and in Infrastructure sectors
Governments - Central / Federal / Local Regulatory authorities / Service providers
Sector / Institutional reform
Fiscal / Administrative reform
Tariff determination & pricing policy
Licensing policiesFiscal / Administrative reform
Subsidies
Capacity building for improving
g p
Competition policy
Regulatory reform
(a) governance (b) service delivery
Public‐private partnerships
Studies on impact of regulation
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Clients in our Policy & Regulation Practice…A Policy & Regulation
5
Sample clients across various categories
Reserve Bank of India
Airports Authority of
I di
The Planning Commission
The World BankIndia
Ministry of Commerce & Industry
Asian Development
Bank
National Institute of Urban Affairs
National Institute of
Public Finance & PolicyPolicy
Financial Comptroller & Auditor General, Govt. of India
The
Disinvestment Commission
Government of Pondicherry
Financial Institutions Reforms Exchange
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Clients in our Public policy practice…BPolicy & Regulation
Policy & Regulation
5
Policy & RegulationSample clients across Energy / Telecom / Transportation / Urban sectors
DfID
Ministry of Power,
Government of
Central Electricity Regulatory
Delhi Electricity Regulatory C i i
Indiag y
CommissionCommission
Ministry of Renewable
Energy SourcesThe World Bank
Asian Development
Bank
APEDA, Ministry of Commerce &
Industry
Ministry ofTelecom Ministry of Economic
Reforms Govt. of Sri Lanka
Dept. of Telecom, Govt of
India
Government of Kerala
Telecom Regulatory Authority of
India
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Clients in our Public policy practice…CConsulting with Governments in Vision Formulation, Skills Development & Administrative Reform
Policy & Regulation
5
Skills Development & Administrative Reform
Government of Punjab
Government of Andhra Pradesh
Government of Rajasthan
Government of Jammu & K h i
jjKashmir
Government of Chattisgarh
Government of Himachal Pradesh
Government of Kerala
Department of Science & Technology
Government of West Bengal
Government of Bihar
Government of Orissa
Government of Haryana
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Range of Consulting Services…6Development Consulting
DevelopmentConsulting
6Development Consulting
We focus on human development, environment and equity
Our clientele is across Governments, Multilateral agencies, DevelopmentAid Agencies Foundations and CorporatesAid Agencies, Foundations, and Corporates.
Services offered Areas of workServices offered
• Policy and sector studies and analyses
• M&E and impact assessment
• Participatory field research
Areas of work
• Human development and sub‐sectors ‐ education, health, employment, R&R, and poverty• Participatory field research
• Sector reform and restructuring
• Enabling e‐governance
• Fiscal and administrative reforms and
• Environment and sub‐sectors, including water supply, WRM, sanitation and climate change
• Fiscal and administrative reforms, and expenditure management
• Regulatory reforms, tariffs and quality of service
• SME, MSME, & Micro‐finance
• Corporate social responsibility
• Knowledge management
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Select Clients in our Development Consulting Practice
DevelopmentConsulting
6
Tamil Nadu Urban Financial Services Ltd
Eco Asia Project (USAID funded)
DfID (India)UNICEF (India)Services Ltd
APEDA, Ministry of Commerce &
Industry
Economic Growth of MMR (USAID funded)
Universal Service Obligation Fund Administrator
World Bank Institute
Asian Development
BankWorld Bank Microsoft, USAID
Baxter Chronic Care Foundation
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How does IMaCS add value to clients?
IMaCS enjoys strong credibility for its incisive objective and high impact analysisIMaCS enjoys strong credibility for its incisive, objective, and high‐impact analysis
IMaCS has built a reputation for providing implementable solutions for complex business and
development problems across a variety of sectors
IMaCS is widely regarded by stakeholders for its thought leadership and independent positioning
The above arise from
• Reputation of IMaCS’ shareholders
• Highly qualified and experienced employees / associates
• A world‐class knowledge‐base, research & analytics
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• Our ability to put out independent analysis and forthright opinions
For additional details, please contact…..
Parag Sharma Harish KamathIMaCSBuilding No. 8, 2nd Floor, Tower ‐ADLF Cyber City, Phase IIGurgaon ‐ 122002
IMaCS4th floor, Electric MansionAppasaheb Marathe Marg, PrabhadeviMumbai ‐ 400 025
Tel : 91 124 4545800Fax: 91 124 4545850email: [email protected]
Tel : 91 22 3047 0047Fax: 91 22 3047 0081email: [email protected]
V.SriramIMaCS
Bhaskar SomIMaCSIMaCS
V Floor, Karumuttu Centre634 Anna SalaiChennai ‐ 600 035Tel : 91 44 24340043 / 24348080
IMaCSFMC Fortuna, A‐13 V Floor234/3A, AJC Bose RoadCalcutta ‐ 700 020Tel : 91 33 22876617 / 22878839Tel : 91 44 24340043 / 24348080
Fax: 91 44 24343663email: [email protected]
Tel : 91 33 22876617 / 22878839Fax: 91 33 22470728email: [email protected]
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Thank youy
www.imacs.in
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