With over 18 years of global experience, Aditya Parekh (Follow him on LinkedIn!) is one of the biggest names in the Indian private equity fund industry. The co-founder and Managing Director of Faering Capital are known for his empire but one interesting thing about him is that he is the son of Deepak Parekh, the Chairman of HDFC, India’s leading housing finance company. Taking his father’s legacy to the next level, Aditya Parekh has managed to build a rock-hard career with his own entrepreneurial spirit.
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Career of Aditya Parekh
Aditya is the co-founder of Faering Capital and has over 18 years of experience in private equity and investment banking. He started with Faering Capital in January 2009. Prior to founding Faering Capital, Parekh was Vice President at Old Lane India Opportunities Fund, a $516 million India-focused private equity fund, where he was responsible for leading investments in the Indian real estate sector and was involved in evaluating opportunities across the infrastructure and financial services sectors. Prior to that, he worked in the Media and Entertainment Investment Banking Group at Merrill Lynch, New York for five years.
Parekh is not only an amazing entrepreneur but also a dedicated family man. The son of HDFC chairman Deepak Parekh, he is married to Mallika Tarkas, a healthcare professional and owner of Physique 57 India. Prior to building his profession, Parekh also received education from top universities of the world. He has an MBA degree from the esteemed Wharton School, University of Pennsylvania and a Bachelor’s degree in Economics from Cambridge University.
What is Faering Capital?
A leading Private equity firm, Faering Capital has an entrepreneurial vision. The firm was founded in 2009 by Aditya Parekh and Sameer Shroff. At the moment, the company manages Rs. 2,100 crore, which is approximately $350 million of capital across the two funds. The company has earned the respect through proven track record and their long-term approach to build trusted partnerships with investors and other companies in the market.
The company focuses on the following factors:
- Sharp Sector Focus
Expertise, teams, and networks built across focus sectors: Financial Services, Consumer & Retail, Healthcare, and Business Services
- Proactive and Long-Term Approach
Investment process centred on building relationships with entrepreneurs and companies well before opportunities arise
- Catalyst for Market Leadership
Impactful engagement with portfolio companies to add value across Strategy, Operations, Governance, Network Enhancement, Recruiting & Fundraising
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Investment from IFC
IFC is one of the most active PE-style investors in India and several other emerging economies of Asia and Africa. International Finance Corporation is planning to invest in the third fund of mid-market private equity firm Faering Capital. IFC, one of the most active PE-style investors as also a limited partner to many PE and venture capital funds in India, mentioned that it is looking to invest $20 million in Faering Capital International Growth Fund III.
According to IFC disclosure, the investment is subject to a cap of 20% of the final fund size on the condition that it won’t be the largest investor in the fund, according to an IFC disclosure.
IFC said, apart from its LP commitment to the fund, it may also co-invest as much as $20 million in the fund’s portfolio companies.
Partnership with Digit Insurance
General Insurance company Digit Insurance said it has come to a valuation of $3.5 billion, which was a 1.8-time jump, after getting $200 million in funding that was led by returning investor Faering Capital. There were new participants as well which included Sequoia Capital India and IIFL Alternate Asset Managers. In January 2021, the company was at $1.9 billion value after receiving an 18.4 million investment from returning investors – A91 partners, TVS Capital and Faering Capital.
“We are humbled by the confidence shown by existing investor Faering Capital and the new investors. We will continue to focus on increasing insurance penetration and simplifying processes through technology,” said Goyal, chairman and founder of Digit.
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That was all about Aditya Parekh’s journey. If you wish to build a career like him, start your journey by studying at a top college just like him. For any guidance on that end, connect with us today! Book your FREE 30 Minute consultation with Leverage Edu to start your study abroad journey now.