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PROFILE-­‐	
  ARUN	
  PANCHARIYA	
  
	
  
Arun	
   Panchariya	
   has	
   over	
   20	
   years	
   of	
   rich	
   experience	
   in	
   entrepreneurship,	
   industry	
   and	
  
trading,	
  spanning	
  across	
  a	
  broad	
  range	
  of	
  geographic	
  locations	
  and	
  deal	
  sizes.	
  He	
  is	
  adept	
  in	
  
the	
  trading	
  of	
  direct	
  equities,	
  commodities,	
  futures,	
  derivatives	
  and	
  other	
  financial	
  and	
  money	
  
market	
   instruments.	
   He	
   offers	
   advisory	
   and	
   consulting	
   services	
   for	
   international	
   offerings	
   of	
  
Indian	
  and	
  international	
  listed	
  &	
  non-­‐listed	
  companies	
  and	
  has	
  strong	
  ties	
  with	
  debt	
  providers	
  
and	
  equity	
  sponsors.	
  
	
                                                         	
  
I	
  started	
  early…my	
  foundation	
  in	
  the	
  manufacturing	
  industry	
  helped	
  me	
  gain	
  a	
  lot	
  of	
  experience	
  
in	
  grassroots	
  businesses	
  
	
  
TEXTILE	
  AND	
  MANUFACTURING	
  
	
  
Arun	
   started	
   his	
   career	
   in	
   1992	
   at	
   a	
   proprietary	
   concern-­‐	
   Alka	
   Textile	
   Mills,	
   and	
   was	
   primarily	
  
engaged	
  in	
  the	
  business	
  of	
  manufacturing	
  and	
  trading	
  of	
  textiles,	
  and	
  marketing	
  of	
  its	
  products	
  
in	
  the	
  western	
  region	
  of	
  India.	
  	
  
	
  
In	
   1994/95,	
   Arun	
   joined	
   Alka	
   Spinners	
   Ltd.	
   (later	
   known	
   as	
   Alka	
   India	
   Ltd)	
   as	
   a	
   full-­‐time	
   director.	
  
It	
   is	
   here	
   that	
   he	
   gained	
   experience	
   in	
   the	
   manufacturing	
   of	
   100%	
   cotton	
   yarn,	
   blended	
   yarn,	
  
textile	
   and	
   spinning	
   yarn.	
   	
   He	
   also	
   learnt	
   soft	
   skills,	
   administrative	
   skills	
   and	
   corporate	
   culture	
   at	
  
Alka	
   India.	
   Incidentally,	
   Arun	
   made	
   his	
   first	
   foray	
   into	
   the	
   financial	
   services	
   during	
   this	
   period,	
  
when	
   he	
   successfully	
   handled	
   the	
   Greenfield	
   project	
   IPO	
   of	
   the	
   company.	
   Being	
   a	
   whole	
   time	
  
director,	
  Arun	
  personally	
  designed	
  the	
  fund	
  raising	
  program,	
  and	
  in	
  the	
  process	
  learnt	
  in	
  detail	
  
about	
  working	
  capital,	
  term	
  loans,	
  commercial	
  loans	
  and	
  the	
  underlying	
  processes	
  for	
  the	
  same.	
  	
  
	
  
	
  
Arun	
  joined	
  Panchariya	
  Gin	
  Pvt.	
  Ltd.	
  in	
  1998,	
  where	
  he	
  learnt	
  all	
  about	
  the	
  ginning	
  industry.	
  	
  
	
  
Dealing	
   with	
   suppliers	
   (farmers)	
   buying	
   cotton,	
   interacting	
   with	
   distributors,	
   wholesalers	
   and	
  
traders	
  built	
  my	
  negotiation	
  strengths	
  and	
  more	
  importantly,	
  I	
  learnt	
  how	
  to	
  deal	
  with	
  different	
  
kinds	
  of	
  people.	
  I	
  also	
  learnt	
  how	
  important	
  agricultural	
  products	
  are	
  in	
  our	
  day-­‐to-­‐day	
  life	
  and	
  
how	
  farmers	
  work	
  hard	
  to	
  provide	
  the	
  same…	
  
	
  
Alka	
   India	
   started	
   its	
   100%	
   export-­‐oriented	
   software	
   business	
   around	
   the	
   same	
   time,	
   so	
   Arun	
  
completed	
  his	
  MCSD/MCSE	
  courses	
  and	
  handled	
  this	
  new	
  stream	
  of	
  business	
  as	
  well.	
  	
  
	
  
During	
  this	
  period,	
  Arun	
  was	
  also	
  a	
  Director	
  with	
  Karnavati	
  Fincap	
  Limited,	
  which	
  then	
  changed	
  
its	
  name	
  to	
  Vasudev	
  Textiles	
  &	
  Industries	
  Limited,	
  and	
  was	
  then	
  sold	
  to	
  new	
  management.	
  This	
  
company	
   is	
   now	
   known	
   as	
   Asian	
   Granito	
   Limited,	
   now	
   one	
   of	
   the	
   largest	
   players	
   in	
   the	
   tile	
  
industry	
  in	
  India.	
  
	
  
The	
   decline	
   in	
   the	
   textile	
   industry	
   made	
   Arun	
   look	
   at	
   other	
   avenues	
   of	
   business,	
   and	
   in	
   1999,	
  
was	
  appointed	
  as	
  the	
  CEO/MD	
  of	
  Kuber	
  Cooperative	
  Bank.	
  	
  
	
  
It	
  wasn’t	
  easy	
  leaving	
  my	
  comfort	
  zone	
  in	
  textiles	
  and	
  entering	
  financial	
  services.	
  I	
  had	
  the	
  IPO	
  
experience,	
   but	
   this	
   was	
   a	
   different	
   ball	
   game	
   altogether.	
   However,	
   I	
   took	
   it	
   as	
   a	
   challenge	
   to	
  
prove	
  myself…	
  
	
  
BANKING-­‐	
  THE	
  FIRST	
  STINT	
  
	
  
At	
   Kuber,	
   Arun	
   dealt	
   with	
   all	
   aspects	
   of	
   retail	
   banking,	
   housing	
   loans,	
   trade	
   finance	
   and	
  
commercial	
   banking.	
   He	
   handled	
   RBI	
   audits,	
   learnt	
   banking	
   policies,	
   and	
   attended	
   numerous	
  
seminars	
   to	
   keep	
   himself	
   up-­‐to-­‐date	
   with	
   the	
   latest	
   in	
   the	
   banking	
   industry.	
   His	
   hard	
   work	
  
showed	
  great	
  results-­‐	
  at	
  the	
  time	
  of	
  taking	
  over	
  the	
  bank,	
  it’s	
  capital	
  &	
  networth	
  was	
  3	
  million	
  
INR,	
   this	
   increased	
   to	
   20	
   million	
   INR(inclusive	
   profits	
   and	
   reserves)	
   by	
   the	
   time	
   he	
   retired	
   in	
  
2003,	
  and	
  all	
  its	
  financial	
  years	
  ended	
  in	
  profit.	
  The	
  performance	
  graph	
  of	
  the	
  bank	
  during	
  his	
  
tenure	
  was	
  always	
  taking	
  up	
  the	
  ladder	
  .	
  
	
  
Business	
  travel	
  always	
  excited	
  me,	
  the	
  prospect	
  of	
  meeting	
  new	
  business	
  people,	
  exploring	
  new	
  
business	
  ideas.	
  I	
  still	
  travel	
  extensively,	
  clocking	
  in	
  an	
  average	
  of	
  20	
  travel	
  days	
  a	
  month!	
  
	
  
COMMODITY	
  TRADING	
  
	
  
In	
  the	
  year	
  2000,	
  Arun	
  started	
  traveling	
  to	
  the	
  UAE,	
  where	
  he	
  saw	
  exciting	
  trading	
  opportunities.	
  
This	
  resulted	
  in	
  him	
  establishing	
  a	
  general	
  trading	
  company-­‐	
  Vintage	
  FZE,	
  in	
  Jebel	
  Ali	
  Free	
  Zone	
  
in	
  Dubai.	
  Initially	
  trading	
  in	
  computer	
  hardware,	
  software	
  and	
  copier	
  paper,	
  Vintage	
  expanded	
  
its	
  trading	
  portfolio	
  to	
  include	
   aluminum,	
  heavy	
  metal	
  scrap,	
  copper	
  scrap	
  and	
   commodities	
   like	
  
rice,	
  pistachios,	
  saffron	
  and	
  vegetables.	
  This	
  hands-­‐on	
  experience	
  in	
  commodity	
  trading	
  helped	
  
Arun	
  build	
  his	
  base	
  in	
  the	
  trading	
  industry,	
  and	
  he	
  grew	
  the	
  company	
  from	
  a	
  turnover	
  of	
  US$	
  1.3	
  
million	
  at	
  inception	
  to	
  an	
  impressive	
  US$	
  141	
  million	
  in	
  2009.	
  	
  Meanwhile	
  Alka	
  India	
  also	
  started	
  
a	
  division	
  for	
  trading	
  of	
  physical	
  gold	
  and	
  silver	
  bullion,	
  and	
  this	
  too	
  was	
  overseen	
  by	
  Arun.	
  	
  
	
  
The	
  success	
  of	
  Vintage	
  FZE	
  prompted	
  Arun	
  to	
  shift	
  base	
  to	
  Dubai,	
  and	
  he	
  voluntarily	
  retired	
  from	
  
Alka	
  India	
  and	
  Kuber	
  Bank,	
  so	
  that	
  he	
  could	
  focus	
  on	
  his	
  trading	
  business	
  which	
  he	
  found	
  more	
  
exciting.	
  	
  
In	
  2003,	
  Arun	
  became	
  a	
  member	
  of	
  the	
  DGCX	
  and	
  also	
  entered	
  into	
  a	
  tie-­‐up	
  to	
  market	
  the	
  FX	
  
online	
   trading	
   platform	
   of	
   RCG	
   FX	
   London,	
   which	
   was	
   owned	
   by	
   the	
   2nd	
   largest	
   commodity	
  
broker	
  in	
  Chicago-­‐	
  RCG	
  Group.	
  	
  
	
  
During	
   his	
   visit	
   to	
   London,	
   Arun	
   was	
   impressed	
   by	
   the	
   financial	
   market	
   there	
  and	
  saw	
  a	
  lot	
  of	
  
opportunity	
  for	
  business.	
  	
  
	
  
I	
  was	
  impressed	
  by	
  the	
  work	
  environment	
  in	
  London,	
  the	
  pulse	
  of	
  the	
  financial	
  centre.	
  This	
  was	
  
something	
   I	
   wanted	
   to	
   be	
   part	
   of,	
   and	
   I	
   knew	
   I	
   could	
   capitalize	
   on	
   my	
   banking	
   and	
   IPO	
  
experience	
  and	
  create	
  a	
  financial	
  services	
  company…	
  
	
  
FINANCIAL	
  SERVICES	
  
	
  
Pan	
   Asia	
   Advisors,	
   an	
   international	
   corporate	
   advisory	
   firm	
   and	
   boutique	
   investment-­‐banking	
  
firm	
   was	
   set	
   up	
   by	
   Arun	
   in	
   2006.	
   Through	
   PAA,	
   he	
   advised	
   international	
   corporate	
   on	
   Private	
  
Equity,	
   Mergers	
   &	
   Acquisitions,	
   GDR,	
   FCCB	
   and	
   debt	
   funding.	
   Arun	
   worked	
   on	
   numerous	
  
transactions	
   and	
   assisted,	
   both	
   directly	
   and	
   indirectly,	
   in	
   raising	
   fund	
   of	
   more	
   than	
   USD	
   2	
   billion	
  
in	
   the	
   international	
   market	
   for	
   global	
   corporates.	
   	
   PAA	
   also	
   assisted	
   clients	
   in	
   listings	
   on	
   the	
  
Luxemborg,	
  DIFX	
  and	
  Singapore	
  stock	
  exchanges.	
  	
  
	
  
I	
   have	
   exposure	
   on	
   various	
   sectors-­‐Media,	
   Telecommunications,	
   films,	
   broadcasting,	
   textiles,	
  
sugar,	
   metal,	
   retail,	
   oil,	
   industry	
   and	
   pharma	
   among	
   others.	
   This	
   gave	
   me	
   a	
   deep	
   insight	
   into	
  
many	
  business	
  verticals,	
  and	
  I	
  wanted	
  to	
  do	
  more…	
  
	
  
INVESTMENT	
  BANKING	
  
	
  
Having	
   gained	
   rich	
   experience	
   in	
   a	
   variety	
   of	
   business	
   sectors,	
   Arun	
   now	
   set	
   his	
   sights	
   on	
   the	
  
investment	
  banking	
  business.	
  His	
  trips	
  to	
  Europe	
  brought	
  him	
  into	
  contact	
  with	
  a	
  private	
  bank	
  in	
  
Vienna-­‐	
  Euram	
  Bank.	
  This	
  resulted	
  in	
  a	
  joint	
  venture	
  investment	
  bank	
  set	
  up	
  by	
  PAA	
  and	
  Euram	
  
Bank	
   and	
   christened	
   Euram	
   Bank	
   Asia	
   Ltd.,	
   was	
   established	
   in	
   the	
   DIFC	
   in	
   2008.	
   Arun	
   was	
  
appointed	
  President	
  of	
  the	
  bank,	
  and	
  the	
  head	
  of	
  corporate	
  finance	
  and	
  investment	
  banking.	
  He	
  
spearheaded	
   a	
   number	
   of	
   transactions	
   in	
   the	
   first	
   two	
   years	
   itself,	
   notable	
   mentions	
   being	
   a	
  
USD	
   3	
   billion	
   deal	
   for	
   an	
   oil	
   and	
   gas	
   industrial	
   park	
   in	
   Malaysia	
   and	
   gold,	
   coal	
   mining	
   and	
   oil	
  
refinery	
  deals	
  in	
  East	
  Asia,	
  Australia	
  and	
  Africa.	
  	
  
	
  
Under	
  his	
  leadership,	
  Euram	
  Asia	
  declared	
  95%	
  dividend	
  in	
  Year	
  1	
  and	
  90%	
  dividend	
  in	
  Year	
  2,	
  
which	
  was	
  a	
  huge	
  achievement	
  in	
  itself.	
  
	
  
Investment	
   banking	
   brought	
   me	
   to	
   the	
   other	
   side	
   of	
   traditional	
   businesses;	
   while	
   my	
   heart	
   lay	
   in	
  
the	
  operational	
  aspects	
  of	
  the	
  business,	
  my	
  mind	
  knew	
  that	
  investments	
  drove	
  such	
  ventures...a	
  
dichotomy	
  of	
  sorts	
  	
  
	
  
	
  
INVESTMENT	
  FUNDS	
  
	
  
During	
   2007,	
   Arun	
   started	
   working	
   on	
   setting	
   up	
   a	
   structure	
   to	
   enter	
   the	
   investment	
   funds	
  
business.	
   The	
   result	
   was	
   Cardinal	
   Capital	
   Partners,	
   a	
   fund	
   management	
   company	
   set	
   up	
   in	
  
Mauritius	
  and	
  regulated	
  by	
  the	
  FSC,	
  and	
  registered	
  with	
  SEBI	
  as	
  an	
  FII	
  as	
  well.	
  	
  CCP	
  promoted	
  
and	
   managed	
   IFCF,	
   which	
   started	
   operations	
   with	
   an	
   AUM	
   of	
   US$	
   3	
   million	
   and	
   a	
   Net	
   Asset	
  
Value	
  of	
  US$	
  1	
  per	
  Share.	
  By	
  2010,	
  the	
  fund	
  had	
  grown	
  to	
  an	
  AUM	
  of	
  US$	
  110	
  million,	
  with	
  an	
  
NAV	
  of	
  US	
  $	
  upto	
  5.34	
  per	
  share.	
  	
  
	
  
Arun	
  resigned	
  from	
  IFCF	
  in	
  June	
  2010,	
  due	
  to	
  his	
  pressing	
  commitments	
  at	
  EBAL.	
  	
  
	
  
	
  
SHIPPING	
  &	
  LOGISTICS	
  
	
  
In	
  2006-­‐07,	
  Arun	
  set	
  up	
  Vintage	
  shipping	
  and	
  logistics,	
  a	
  short	
  stint	
  in	
  the	
  logistics	
  business.	
  	
  It	
  
didn’t	
  do	
  as	
  well	
  as	
  expected,	
  partly	
  because	
  of	
  bad	
  market	
  conditions	
  prevailing	
  at	
  that	
  time.	
  	
  
	
  
Vintage	
  shipping	
  reinforced	
  one	
  lesson-­‐	
  timing	
  is	
  critical.	
  It	
  didn’t	
  work	
  out,	
  but	
  I	
  will	
  not	
  give	
  it	
  
up	
  until	
  it	
  does!	
  
	
  
	
  
	
  
ALLEGATIONS	
  	
  
	
  	
  
	
  
In	
  September	
  21st	
  2011,	
  Arun	
  was	
  caught	
  unawares	
  by	
  a	
  malicious	
  allegation	
  leveled	
  by	
  SEBI	
  on	
  
PAA	
   and	
   himself.	
   	
   This	
   was	
   particularly	
   surprising	
   since	
   both	
   PAA	
   and	
   he	
   did	
   not	
   even	
   come	
  
under	
  the	
  jurisdiction	
  of	
  the	
  regulator.	
  	
  
	
  
SEBI	
   issued	
   an	
   interim	
   order	
   pending	
   investigation	
   which	
   they	
   subsequently	
   went	
   ahead	
   and	
  
confirmed	
  on	
  17th	
  Jan	
  2012,	
  again	
  pending	
  further	
  investigation.	
  
	
  
The	
   SEBI	
   allegations,	
   though	
   unfounded	
   and	
   baseless,	
   rocked	
   my	
   boat…I	
   resigned	
   from	
   EBAL	
  
immediately,	
  resolving	
  to	
  prove	
  my	
  innocence	
  and	
  clear	
  my	
  name.	
  I	
  left	
  India	
  in	
  the	
  year	
  2002	
  
and	
  became	
  an	
  NRI	
  to	
  expand	
  my	
  business	
  in	
  the	
  International	
  markets	
  where	
  I	
  am	
  regulated.	
  I	
  
am	
  answerable	
  to	
  regulatory	
  bodies	
  local	
  to	
  the	
  jurisdictions	
  where	
  I	
  operate,	
  but	
  not	
  to	
  SEBI.	
  .	
  
	
  
	
  
CURRENT	
  STATUS	
  
	
  
Joined	
   Signature	
   Group	
   on	
  16th	
   January	
   2012	
   as	
   director	
   &	
   partner.	
   Signature	
   is	
   a	
   private	
   equity	
  
and	
   corporate	
   finance	
   firm	
   focused	
   on	
   the	
   emerging	
   markets	
   of	
   India,	
   GCC	
   and	
   Africa.	
   It	
  
currently	
  manages	
  US$	
  1.2	
  billion	
  of	
  investments	
  in	
  these	
  markets.	
  	
  
	
  
Arun	
  is	
  also	
  an	
  advisor	
  to	
  The	
  Falcon	
  Fund	
  Limited,	
  which	
  invests	
  in	
  the	
  mining	
  industry	
  globally.	
  
	
  
	
  
AWARDS	
  AND	
  RECOGNITION	
  
	
  
Arun	
   was	
   honored	
   with	
   the	
   “Business	
   Person	
   of	
   the	
   Year	
   2010	
   ”	
   award	
   at	
   the	
   11th	
   Asian	
  
Achievers	
   Awards	
   held	
   at	
   Wembley	
   Stadium,	
   London.	
   The	
   AAA	
   recognizes	
   the	
   various	
  
outstanding	
  roles	
  played	
  by	
  Britain’s	
  Asian	
  community,	
  	
  
	
  
Arun	
   was	
   also	
   bestowed	
   with	
   the	
   Asian	
   Banker	
   of	
   the	
   Year	
   2010	
   award	
   by	
   Asian	
   Who’s	
   Who	
  
International;	
  he	
  received	
  this	
  recognition	
  from	
  Ms.	
  Cherie	
  Blair	
  in	
  London.	
  
	
  
	
  
	
  
	
  
	
  

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Arun panchariya

  • 1. PROFILE-­‐  ARUN  PANCHARIYA     Arun   Panchariya   has   over   20   years   of   rich   experience   in   entrepreneurship,   industry   and   trading,  spanning  across  a  broad  range  of  geographic  locations  and  deal  sizes.  He  is  adept  in   the  trading  of  direct  equities,  commodities,  futures,  derivatives  and  other  financial  and  money   market   instruments.   He   offers   advisory   and   consulting   services   for   international   offerings   of   Indian  and  international  listed  &  non-­‐listed  companies  and  has  strong  ties  with  debt  providers   and  equity  sponsors.       I  started  early…my  foundation  in  the  manufacturing  industry  helped  me  gain  a  lot  of  experience   in  grassroots  businesses     TEXTILE  AND  MANUFACTURING     Arun   started   his   career   in   1992   at   a   proprietary   concern-­‐   Alka   Textile   Mills,   and   was   primarily   engaged  in  the  business  of  manufacturing  and  trading  of  textiles,  and  marketing  of  its  products   in  the  western  region  of  India.       In   1994/95,   Arun   joined   Alka   Spinners   Ltd.   (later   known   as   Alka   India   Ltd)   as   a   full-­‐time   director.   It   is   here   that   he   gained   experience   in   the   manufacturing   of   100%   cotton   yarn,   blended   yarn,   textile   and   spinning   yarn.     He   also   learnt   soft   skills,   administrative   skills   and   corporate   culture   at   Alka   India.   Incidentally,   Arun   made   his   first   foray   into   the   financial   services   during   this   period,   when   he   successfully   handled   the   Greenfield   project   IPO   of   the   company.   Being   a   whole   time   director,  Arun  personally  designed  the  fund  raising  program,  and  in  the  process  learnt  in  detail   about  working  capital,  term  loans,  commercial  loans  and  the  underlying  processes  for  the  same.         Arun  joined  Panchariya  Gin  Pvt.  Ltd.  in  1998,  where  he  learnt  all  about  the  ginning  industry.       Dealing   with   suppliers   (farmers)   buying   cotton,   interacting   with   distributors,   wholesalers   and   traders  built  my  negotiation  strengths  and  more  importantly,  I  learnt  how  to  deal  with  different   kinds  of  people.  I  also  learnt  how  important  agricultural  products  are  in  our  day-­‐to-­‐day  life  and   how  farmers  work  hard  to  provide  the  same…     Alka   India   started   its   100%   export-­‐oriented   software   business   around   the   same   time,   so   Arun   completed  his  MCSD/MCSE  courses  and  handled  this  new  stream  of  business  as  well.       During  this  period,  Arun  was  also  a  Director  with  Karnavati  Fincap  Limited,  which  then  changed   its  name  to  Vasudev  Textiles  &  Industries  Limited,  and  was  then  sold  to  new  management.  This   company   is   now   known   as   Asian   Granito   Limited,   now   one   of   the   largest   players   in   the   tile   industry  in  India.     The   decline   in   the   textile   industry   made   Arun   look   at   other   avenues   of   business,   and   in   1999,   was  appointed  as  the  CEO/MD  of  Kuber  Cooperative  Bank.      
  • 2. It  wasn’t  easy  leaving  my  comfort  zone  in  textiles  and  entering  financial  services.  I  had  the  IPO   experience,   but   this   was   a   different   ball   game   altogether.   However,   I   took   it   as   a   challenge   to   prove  myself…     BANKING-­‐  THE  FIRST  STINT     At   Kuber,   Arun   dealt   with   all   aspects   of   retail   banking,   housing   loans,   trade   finance   and   commercial   banking.   He   handled   RBI   audits,   learnt   banking   policies,   and   attended   numerous   seminars   to   keep   himself   up-­‐to-­‐date   with   the   latest   in   the   banking   industry.   His   hard   work   showed  great  results-­‐  at  the  time  of  taking  over  the  bank,  it’s  capital  &  networth  was  3  million   INR,   this   increased   to   20   million   INR(inclusive   profits   and   reserves)   by   the   time   he   retired   in   2003,  and  all  its  financial  years  ended  in  profit.  The  performance  graph  of  the  bank  during  his   tenure  was  always  taking  up  the  ladder  .     Business  travel  always  excited  me,  the  prospect  of  meeting  new  business  people,  exploring  new   business  ideas.  I  still  travel  extensively,  clocking  in  an  average  of  20  travel  days  a  month!     COMMODITY  TRADING     In  the  year  2000,  Arun  started  traveling  to  the  UAE,  where  he  saw  exciting  trading  opportunities.   This  resulted  in  him  establishing  a  general  trading  company-­‐  Vintage  FZE,  in  Jebel  Ali  Free  Zone   in  Dubai.  Initially  trading  in  computer  hardware,  software  and  copier  paper,  Vintage  expanded   its  trading  portfolio  to  include   aluminum,  heavy  metal  scrap,  copper  scrap  and   commodities   like   rice,  pistachios,  saffron  and  vegetables.  This  hands-­‐on  experience  in  commodity  trading  helped   Arun  build  his  base  in  the  trading  industry,  and  he  grew  the  company  from  a  turnover  of  US$  1.3   million  at  inception  to  an  impressive  US$  141  million  in  2009.    Meanwhile  Alka  India  also  started   a  division  for  trading  of  physical  gold  and  silver  bullion,  and  this  too  was  overseen  by  Arun.       The  success  of  Vintage  FZE  prompted  Arun  to  shift  base  to  Dubai,  and  he  voluntarily  retired  from   Alka  India  and  Kuber  Bank,  so  that  he  could  focus  on  his  trading  business  which  he  found  more   exciting.     In  2003,  Arun  became  a  member  of  the  DGCX  and  also  entered  into  a  tie-­‐up  to  market  the  FX   online   trading   platform   of   RCG   FX   London,   which   was   owned   by   the   2nd   largest   commodity   broker  in  Chicago-­‐  RCG  Group.       During   his   visit   to   London,   Arun   was   impressed   by   the   financial   market   there  and  saw  a  lot  of   opportunity  for  business.       I  was  impressed  by  the  work  environment  in  London,  the  pulse  of  the  financial  centre.  This  was   something   I   wanted   to   be   part   of,   and   I   knew   I   could   capitalize   on   my   banking   and   IPO   experience  and  create  a  financial  services  company…     FINANCIAL  SERVICES     Pan   Asia   Advisors,   an   international   corporate   advisory   firm   and   boutique   investment-­‐banking   firm   was   set   up   by   Arun   in   2006.   Through   PAA,   he   advised   international   corporate   on   Private   Equity,   Mergers   &   Acquisitions,   GDR,   FCCB   and   debt   funding.   Arun   worked   on   numerous   transactions   and   assisted,   both   directly   and   indirectly,   in   raising   fund   of   more   than   USD   2   billion  
  • 3. in   the   international   market   for   global   corporates.     PAA   also   assisted   clients   in   listings   on   the   Luxemborg,  DIFX  and  Singapore  stock  exchanges.       I   have   exposure   on   various   sectors-­‐Media,   Telecommunications,   films,   broadcasting,   textiles,   sugar,   metal,   retail,   oil,   industry   and   pharma   among   others.   This   gave   me   a   deep   insight   into   many  business  verticals,  and  I  wanted  to  do  more…     INVESTMENT  BANKING     Having   gained   rich   experience   in   a   variety   of   business   sectors,   Arun   now   set   his   sights   on   the   investment  banking  business.  His  trips  to  Europe  brought  him  into  contact  with  a  private  bank  in   Vienna-­‐  Euram  Bank.  This  resulted  in  a  joint  venture  investment  bank  set  up  by  PAA  and  Euram   Bank   and   christened   Euram   Bank   Asia   Ltd.,   was   established   in   the   DIFC   in   2008.   Arun   was   appointed  President  of  the  bank,  and  the  head  of  corporate  finance  and  investment  banking.  He   spearheaded   a   number   of   transactions   in   the   first   two   years   itself,   notable   mentions   being   a   USD   3   billion   deal   for   an   oil   and   gas   industrial   park   in   Malaysia   and   gold,   coal   mining   and   oil   refinery  deals  in  East  Asia,  Australia  and  Africa.       Under  his  leadership,  Euram  Asia  declared  95%  dividend  in  Year  1  and  90%  dividend  in  Year  2,   which  was  a  huge  achievement  in  itself.     Investment   banking   brought   me   to   the   other   side   of   traditional   businesses;   while   my   heart   lay   in   the  operational  aspects  of  the  business,  my  mind  knew  that  investments  drove  such  ventures...a   dichotomy  of  sorts         INVESTMENT  FUNDS     During   2007,   Arun   started   working   on   setting   up   a   structure   to   enter   the   investment   funds   business.   The   result   was   Cardinal   Capital   Partners,   a   fund   management   company   set   up   in   Mauritius  and  regulated  by  the  FSC,  and  registered  with  SEBI  as  an  FII  as  well.    CCP  promoted   and   managed   IFCF,   which   started   operations   with   an   AUM   of   US$   3   million   and   a   Net   Asset   Value  of  US$  1  per  Share.  By  2010,  the  fund  had  grown  to  an  AUM  of  US$  110  million,  with  an   NAV  of  US  $  upto  5.34  per  share.       Arun  resigned  from  IFCF  in  June  2010,  due  to  his  pressing  commitments  at  EBAL.         SHIPPING  &  LOGISTICS     In  2006-­‐07,  Arun  set  up  Vintage  shipping  and  logistics,  a  short  stint  in  the  logistics  business.    It   didn’t  do  as  well  as  expected,  partly  because  of  bad  market  conditions  prevailing  at  that  time.       Vintage  shipping  reinforced  one  lesson-­‐  timing  is  critical.  It  didn’t  work  out,  but  I  will  not  give  it   up  until  it  does!        
  • 4. ALLEGATIONS           In  September  21st  2011,  Arun  was  caught  unawares  by  a  malicious  allegation  leveled  by  SEBI  on   PAA   and   himself.     This   was   particularly   surprising   since   both   PAA   and   he   did   not   even   come   under  the  jurisdiction  of  the  regulator.       SEBI   issued   an   interim   order   pending   investigation   which   they   subsequently   went   ahead   and   confirmed  on  17th  Jan  2012,  again  pending  further  investigation.     The   SEBI   allegations,   though   unfounded   and   baseless,   rocked   my   boat…I   resigned   from   EBAL   immediately,  resolving  to  prove  my  innocence  and  clear  my  name.  I  left  India  in  the  year  2002   and  became  an  NRI  to  expand  my  business  in  the  International  markets  where  I  am  regulated.  I   am  answerable  to  regulatory  bodies  local  to  the  jurisdictions  where  I  operate,  but  not  to  SEBI.  .       CURRENT  STATUS     Joined   Signature   Group   on  16th   January   2012   as   director   &   partner.   Signature   is   a   private   equity   and   corporate   finance   firm   focused   on   the   emerging   markets   of   India,   GCC   and   Africa.   It   currently  manages  US$  1.2  billion  of  investments  in  these  markets.       Arun  is  also  an  advisor  to  The  Falcon  Fund  Limited,  which  invests  in  the  mining  industry  globally.       AWARDS  AND  RECOGNITION     Arun   was   honored   with   the   “Business   Person   of   the   Year   2010   ”   award   at   the   11th   Asian   Achievers   Awards   held   at   Wembley   Stadium,   London.   The   AAA   recognizes   the   various   outstanding  roles  played  by  Britain’s  Asian  community,       Arun   was   also   bestowed   with   the   Asian   Banker   of   the   Year   2010   award   by   Asian   Who’s   Who   International;  he  received  this  recognition  from  Ms.  Cherie  Blair  in  London.