WE CREATE VALUE

Essar Global Fund is a global investor diversified across core sectors of Energy, Infrastructure, Metals & Mining and Services. We identify opportunities, build & nurture world-class assets, monetise it and re-invest, thereby constantly creating value for all stakeholders.

  • $18 bn investments
  • $10 bn equity invested
  • $11.5 bn revenues

Essar Global Fund Limited

Essar Global Fund Limited (“EGFL”) is a global investor, controlling a number of world-class assets diversified across the core sectors of Energy, Infrastructure (comprising Ports and EPC businesses), Metals & Mining, and Services (Shipping, IT and Retail businesses). EGFL invests long-term capital into the portfolio companies and holds near 100% stake in all its investments. EGFL invests with a sense of active ownership, which involves direct engagement with the management of the respective businesses.

The portfolio companies have aggregate revenues of about USD 11 billion and employ over 4,500 people. We identify opportunities, build & nurture world-class assets, monetise it and re-invest, thereby constantly creating value for all stakeholders.

The key assets in EGFL’s portfolio are:

ENERGY Refining Stanlow refinery in United Kingdom (UK) supplies 16% of UK’s road transport fuel requirements
Oil & Gas Exploration & Production 18 TCF coal bed methane (CBM) reserves & resources in India. Has 700 mmboe of conventional resources
Power 3,830 MW of power generation capacity in India and Canada, further 1,260 MW under construction
INFRASTRUCTURE Ports India’s 2nd largest private port company with total capacity
of 115 MTPA, targeting expansion to 162 MTPA
Projects 50-year track record of handling over 100 large scale projects globally
METALS AND MINING Mining 70 mn tonnes of coal reserves in Indonesia
SERVICES Shipping 12 ships including VLCC, Mini-Capesize, Panamax and Supramax
Oilfield Services 15 land rigs, 1 semi-submersible offshore rig

Essar Capital Limited 

Essar Capital Limited (“Essar Capital”) is the investment manager for Essar Global Fund Limited (“EGFL”).

Essar Capital monitors and manages the entire portfolio of investments owned by EGFL. Essar Capital is governed by its board of directors. The responsibilities of Essar Capital as investment manager of EGFL include:

  • Implementing and managing investments and divestments
  • Monitoring performance of the portfolio
  • Preparing and delivering financial reports of EGFL
  • Implementing and overseeing appropriate policies and procedures

Essar Capital comprises professionals with extensive experience in investment, strategy, financing, M&A and consulting. The key professionals of Essar Capital are:

Vikash Saraf
With 25 years of experience in Investing, Strategy and M&A, Vikash has been associated with Essar for the past 17 years, taking on several senior roles. Previously, he has been an Independent Director on the board of Vodafone India Limited and the CEO of BPL Communications. Vikash is an alumnus of IIM Calcutta.

Dhanpat Nahata
With 20 years of experience in Strategy and M&A, Dhanpat has been associated with Essar for the past 17 years. In his current role, he led the USD 12.9-billion divestment of  Essar Oil Limited to Rosneft

Previously, Dhanpat was a Partner with Ernst & Young, India.

Madhu Vuppuluri

With 35 years of experience in Corporate Finance and Strategy, Madhu heads Essar Global Fund’s investments in North America. Previously, he has worked in senior roles with various portfolio companies of Essar, including as CEO of Essar Steel Minnesota.

Uday Gujadhur
With 30 years of experience in the fields of taxation, setting up of offshore businesses and consulting, Uday serves as a director on the boards of various companies in Mauritius and as the Chairman of International Fiscal Association’s Mauritius Branch.

Andrew Wright
With more than 20 years of experience, Andrew Wright is currently the Senior General Counsel at Essar Capital. Andrew joined Essar in 2011. He completed his law degree from the University of Leeds.

VALUE CREATION

We identify opportunities, build & nurture world-class assets, monetise it and re-invest, thereby constantly creating value for all. Here are a few big deals Essar Global entered into, creating immense value for our stakeholders.

  • 1995 – First mover
  • Partnerships with Hutchison Whampoa and then with Vodafone
  • Investment sold to Vodafone in 2011

Value Created

US$18 bn

 

*Essar had 33% stake in Vodafone Essar
  • Part sale of Aegis USA Inc. to Teleperformance $610million
  • Balance to CSP $300 million

Value Created

US$910 mn

  • Sale of 98% stake in Essar Oil to Rosneft, and Trafigura-led consortium
  • Sale included 20 mtpa refinery, retail, port and related infrastructure

Value Created

US$12.9 bn

 

*Essar Oil Limited and its subsidiaries are financially and legally independent from the Essar Group. Please visit www.essaroil.co.in to find out more information about Essar Oil Limited and its group.
  • Sale to American Tower Corporation

Value Created

US$310 mn

  • Sale to Brookfield Asset Management

Value Created

US$360 mn

FOUNDING MEMBERS

vision & mission

Our vision 
We will be a respected global entrepreneur, through the power of positive action.

Our mission
We are committed to innovative growth, through our personal passion, reinforced by a professional mindset, creating value for all those we touch.