Latest news with #KrishanArora
The Hindu
a day ago
- Business
- The Hindu
Centre working on multi-Ministry export promotion scheme to counter Trump tariff impact
The Indian government is tweaking its earlier plans for an Export Promotion Mission to make it more targeted towards specific sectors in the wake of the increased tariffs imposed by the U.S. on imports from India, The Hindu has learnt. This would entail reducing the cost of credit for medium, small and micro enterprise (MSME) borrowers in the worst-hit sectors, expediting clearances, and providing them with some sort of export incentives. It is a joint effort across several Ministries and involves detailed consultations with industry stakeholders. The sectors which will face the brunt of the U.S. tariffs are apparel and textiles, shrimp exporters, organic chemicals, and machinery and mechanical appliances, according to an analysis by the Global Trade Research Initiative. Credit access, faster clearances 'The Export Promotion Mission announced in the latest Budget is being tweaked now to provide more help to particular sectors that are likely to be hit by the [U.S.] tariffs,' a senior government official told The Hindu, speaking on the condition of anonymity since the details of the scheme have not yet been finalised. 'The broad contours are to provide credit guarantees to MSME exporters, speed up their clearances, and there is some discussion on how to provide export incentives,' the official added. In the Union Budget for 2025-26, Finance Minister Nirmala Sitharaman had announced an Export Promotion Mission with a ₹2,250 crore allocation for the current financial year, which would 'facilitate easy access to export credit, cross-border factoring support, and support to MSMEs to tackle non-tariff measures in overseas markets'. Wide consultations The government official confirmed that the tweaked Mission would include these targets as well, adding that the Mission was initially meant to be a coordinated effort between the Ministries of Commerce, Finance, and MSME, but would now also include coordination with the Ministry of Textiles and Department of Fisheries. Industry players have also confirmed that the Ministry of Commerce and Industry has been in regular touch with them to receive their feedback and inputs. Trade analysts, too, confirmed this. 'Internally, authorities are consulting extensively with exporters and sector representatives to fine-tune immediate relief measures and shape a long-term, resilient trade strategy capable of withstanding global shocks,' said Krishan Arora, Partner at Grant Thornton Bharat. Focus on MSME exports Separately, a Finance Ministry official also confirmed that the Ministry was coordinating with others to come up with a scheme that could address some of the issues being faced by these exporters. The government had, as far back as January, announced a credit guarantee scheme for the MSME sector, which would cover loans up to ₹100 crore. The Finance Ministry official said that this scheme was being revamped to 'focus on the export aspects of these MSMEs' activities'.
Forbes
30-06-2025
- Business
- Forbes
Inside The Rise Of Search Funds: Private Equity's Hidden Gem
Krishan Arora is the Managing Partner at Novastone Capital, a PE group with over $440M in capital deployed across 23 global acquisitions. In the landscape of private equity and entrepreneurship, search funds have emerged as an innovative asset class. Originally conceptualized at the Harvard Business School in 1984 and further developed at the Graduate School of Business at Stanford, the search fund model has matured into a proven pathway for entrepreneurs, investors and mid-career professionals alike. The latest data from the Stanford 2024 Search Fund Study underscores the resilience and appeal of this model, even amidst larger global macroeconomic forces at play. For those entrepreneurs interested in pursuing this model, it's vital to understand the nuances and challenges. Understanding The Search Fund Model A search fund is an investment vehicle where mid-career professionals or entrepreneurs raise capital from a search fund program or private investors to search for, acquire, operate and then scale a privately held company. This business model offers an opportunity for these professionals or entrepreneurs to step directly into the role of the CEO of an existing small-to-medium-sized enterprise (SME). These SMEs are on average typically generating between $1,000,000 and $5,000,000 in EBITDA, so they sit on the lower end of the lower-middle market private equity world. These SMEs usually have around 30-50 employees, and have been in existence for over 10-plus years. What makes the search fund model unique is the hands-on nature of the investment. Unlike traditional private equity or turnaround initiatives, where operators are hired post-acquisition or post-distress, here it's the entrepreneur (searcher) who finds the deal and steps in to run the business. This creates a deep alignment of incentives between the operator and investor, and it also attracts a different kind of talent—the one that is hungry to build, not just manage. These searchers and mid-career operators are not buying high-growth startups; they are acquiring steady cash-flowing businesses that have been around for decades, and are then breathing new life into them. It is this unique mix of entrepreneurial grit and investor support that helps explain why this model has gained popularity. The Business Impact Based on the findings of the 2024 Stanford Search Fund Study (download required), which reviewed 681 search funds across the U.S. and Canada, these investment vehicles have the potential to deliver strong financial performance for investors. The report cites an average internal rate of return (IRR) of 35.1% in 2023 and 35.3% in 2022. The return on investment (ROI) for investors averaged 4.5 times. But these figures tell only part of the story. Behind each data point are real entrepreneurs and operators stepping into real leadership roles and transforming real SMEs. The consistency of returns across the many global market cycles suggests that this search fund model is more than a trend. It's starting to look like a unique path for investors and operators who are willing to take a long-term view and roll up their sleeves. The average hold period post acquisition is generally around 5-7 years, so it's generally in line with the holding period of many other appealing asset classes to investors. Growth And Evolution Over the past few years, the search fund landscape has undergone a massive transformation, sending a clear signal that a once-niche model is now gaining greater widespread traction and awareness. What's even more compelling is that the shifting profile of who is driving this momentum. The latest waves of searchers include more women than ever before, as Stanford found that 17% of all new fund managers in 2023 were women. At the same time, we are seeing a diversification in how these funds are structured as well. New variations like self-funded efforts, operator-led program-backed searches and long-term hold fund models are emerging, each offering tailored approaches to various groups of investors. Taken together, these trends point to a maturing high-IRR asset class that is becoming more inclusive, flexible and relevant in the volatile world of entrepreneurship. Challenges Of course, the road to success in this space is far from guaranteed. While the search fund asset class and model offer investor metrics and upside, not every searcher's journey ends with a closed deal. Roughly 60% of searchers acquire a business, meaning that the other roughly 40% try hard to land a deal but are not able to finalize their acquisition. And even when the acquisition happens, the real work is just beginning. Leading an SME through a transition and then a value creation plan is no small task; it's riddled with late nights and an uphill battle. For investors, this variability reinforces the need for a portfolio approach. Spreading capital across multiple searchers is a recognition that outcomes can vary based on industry, timing, the searcher and just good, plain old lady luck. Still, for many entrepreneurs and investors, the risk is part of the appeal. Search funds represent a rare blend of entrepreneurship and hustle, allowing operators to earn their way into equity and ownership while giving investors early access to often overlooked businesses with real IRR potential. As the search fund model continues to grow across geographies and adapts to new macroeconomic climates, it's attracting investors and entrepreneurs. Opinions expressed here belong solely to the author and do not reflect the views of their employer. The information provided here is not investment, tax or financial advice. You should consult with a licensed professional for advice concerning your specific situation. Forbes Business Council is the foremost growth and networking organization for business owners and leaders. Do I qualify?
New Indian Express
13-05-2025
- Business
- New Indian Express
US-China tariff deal may undercut India's trade advantage
With the US and China reaching an agreement to significantly reduce tariffs on each other's imports, India may lose the edge it had gained from the earlier imposition of reciprocal duties. The US had initially levied an additional 26% tariff on imports from India—much lower than the 145% imposed on Chinese goods. At the time, the view was that this skewed tariff structure could help India attract manufacturing operations shifting out of China. However, on Monday, China and the US reached a deal under which the US will cut tariffs on Chinese imports from 145% to 30%, while China will reduce duties on US products from 125% to 10%. These reductions will not impact any sector-specific tariffs or exemptions that existed prior to April 2, 2025. Currently, Indian goods face a 10% baseline duty in the US, after Washington decided to pause the 26% reciprocal tariff for 90 days. The narrowing of this tariff gap could intensify competition for Indian exporters. 'It could entail stark competition for Indian exporters considering the narrowing of the tariff gaps between Chinese and Indian exports,' says Krishan Arora, Partner and Leader, India Investment Advisory Services at Grant Thornton Bharat LLP. He adds that India Inc must now revisit its production and logistics costs and develop more efficient value chains to remain competitive in export markets. Since the US ramped up tariffs on Chinese imports to 145%, India had hoped to benefit from the high tariff differential. iPhone maker Apple had even announced that the majority of iPhones sold in the US during the April–June 2025 quarter would be manufactured in India, fueling hopes that a broader shift of manufacturing from China to India was underway. However, with the new US-China trade deal, that shift now seems uncertain. 'While low-investment assembly operations may linger in India for now, deeper manufacturing—the kind that builds real industrial ecosystems—may stall or even return to China,' says Ajay Srivastava, Founder, Global Trade Research Initiative (GTRI). Meanwhile, Deepanshu Mohan, Professor of Economics at OP Jindal Global University, says an immediate reorientation of supply chains was unlikely, even under the earlier high-tariff regime. He adds that export-competitive manufacturing in India remains limited, and expecting significant gains from reciprocal tariffs was not realistic.
New Indian Express
10-05-2025
- Business
- New Indian Express
UK FTA: Minor win for India on mobility
The recently concluded India-UK trade deal may not involve any changes to immigration policy, but it eases mobility for professionals across many sectors. The FTA envisages easing mobility for professionals including contractual service suppliers, business visitors, investors, intra-corporate transferees, and partners and dependent children of intra-corporate transferees with right to work. The UK would also give up to 1,800 visas for independent professionals like Indian chefs, musicians and yoga instructors every year. Historically, immigration has been the most sensitive fault line in UK-India trade talks. This agreement, as per experts, avoids sweeping reforms but establishes a template for future co-operation, striking a balance between economic logic and political reality. Experts say this is a partial win for India, especially for its services sector, which has long asked for improved labour mobility. The immediate impact would be on multinationals and service providers. This isn't just about visas—it's about enabling global business through thoughtful diplomacy. 'I view the UK-India FTA more than just a market access deal — it's a strategic recalibration of mobility rules that reflects both ambition and restraint,' says Krishan Arora, partner, Grant Thornton. Arora offers consulting services to inbound investing companies.
Business Standard
05-05-2025
- Business
- Business Standard
Eatsome Backed by Bullion Mouth Fresheners with HALF A MILLION DOLLARS (INR 4 CR) to Revolutionize Global Mouth Freshener Market to reach 500 CR
SMPL New Delhi [India], May 5: India's mouth freshener and confectionery space is set for a flavorful revival with the launch of Eatsome--a new-age D2C brand reimagining traditional Indian tastes for today's consumers. Leading the vision is Krishan Arora, Founder & Chief Business Architect, and part of BD Group, who brings years of expertise in real estate project sales, leasing, and investment advisory. Having worked nationwide with top brands like RBL, Tata, Aditya Birla, and Landmark, Krishan Arora understands investor mindsets and business scalability. With Eatsome, Krishan Arora transitions into FMCG retail, aiming to build with a vision of rising to 500 CR in 5 year Plan seeing how FMCG has potential to grow rapidly and creating a brand that resonates with today's youth, stays true to Indian roots, and meets investor expectations for growth and sustainability. Rooted in heritage yet driven by innovation, Eatsome offers a thoughtfully curated range of mouth fresheners, candies, and Ayurvedic-inspired digestives designed to resonate with modern lifestyles while staying true to authentic Indian flavors. Eatsome Secures Half a Million Dollar (INR 4 CR) Resource Support from Bullion Mouth Fresheners Recognizing the fragmentation and hygiene gaps in the traditional mouth freshener market, BD Group with already 3 successful ventures, directed by Gopal & Krishan Arora, joined forces with a giant in the said industry, Bullion Mouth Fresheners, led by stalwart Anuj Bagla, to form the Reliable Group in unity. Anuj Bagla is not just handling a 65-year-old legacy in the Indian mouth fresheners industry but has taken this family business to great heights. The Bagla Family is a legacy name in the Indian Mukhwas Industry with Household & Market Trust. Instead of traditional funding, Bullion Mouth Fresheners has extended a $500,000 resource backing to Eatsome, to be strategically utilized over four years. This support includes access to manufacturing facilities, logistics, sourcing capabilities, and backend compliance infrastructure, laying a strong foundation for Eatsome's structured and scalable growth. This strategic backing positions Bullion Mouth Fresheners as a resource partner and co-founder in Eatsome. Anuj Bagla brings extensive supply chain knowledge, while Krishan Arora steers vision and structure. Gopal Arora, Co-Founder: Eatsome, who contributes his expertise in building robust D2C ecosystems, performance marketing, and branding--all aligned with BD Group's long-term business growth mindset. To plan a whole new advanced EATSOME business scalability plan infused with modern marketing & sales campaigns, Sovy Kaur (CEO), a marketing & business visionary with 8+ years in branding, sales, PR, influencer strategy, and retail visibility, has set the path with a team of 15 professionals across D2C operations, retail, franchising, and collaborations, the brand is fully equipped for scalable growth. Revolutionizing Indian Taste with a Scalable Model Eatsome's core lies in its flavor-packed, wellness-driven approach. Our range of mouth fresheners like Mitha Paan Supari, Royal Rajwadi Mukhwas, and Jet Chhuara aren't just about taste--they're rooted in age-old Ayurvedic traditions known to aid digestion and refresh the palate. Each blend is thoughtfully crafted to be your everyday companion for freshness, after every meal or on the go. Eatsome's approach is to offer premium, hygienic, and affordable products that connect with Gen Z and millennials. Focused on taste innovation, quality control, and city-inspired flavors like Calcutta Paan and Rajasthani Sonff, the brand brings structured operations to an otherwise fragmented industry. Eatsome is also reviving the iconic redi carts--transforming them from unhygienic, unorganized setups into clean, modern, and attractive carts that reflect quality and trust. From a robust manufacturing facility to world-class packaging and more flavorful blends, every step is designed to elevate how India consumes its age-old favorites. Key distribution channels include: * Eatsome Carts: Compact, hygienic kiosks for on-the-go customers. * D2C & E-commerce: Direct sales through the Eatsome website and top marketplaces. Beyond Fresheners--The Bigger Vision Eatsome aims to grow internationally; it plans to enter Gulf, North America, and Europe as demand for Indian flavors grows globally. Also, planning to expand into a full-fledged Indian snacking brand, introducing: * Healthy Snacks like Makhana, Ragi, and Jowar Puffs * Roasted & Traditional Mixes including Peanuts, Nachos, and Murmura This expansion aligns with the brand's goal of combining Indian tradition with modern nutrition and convenience. The Future of Opportunities, Gifting, Snacking & Digestive Culture With Bullion Mouth Fresheners' strong production system and BD Group's powerful leadership team and guidance, Eatsome is poised to redefine how India and the world experience its heritage. "From colorful carts to healthy treats, Eatsome is India's flavorful revolution wrapped for the future--now extending business opportunities through low-investment franchising, empowering anyone, anywhere, especially women, to start earning and growing with us."
