Orion Equity Advisors Private Limited

About the Owner

Prakash Karnik - Founder Director

Immediately prior to setting up Orion, Prakash was the Managing Director responsible for fund investments with the IDFC Private Equity Company Ltd (India’s largest infrastructure focused Private Equity Fund with a size of US$ 1.3 billion) from Jan’ 2006 to Jun’ 2008.

At IDFC PE, he had overall responsibility for the investment activities of the funds managed by the company in the Indian infrastructure sector. He was also the Principal Officer for investments in 10 (ten) transactions amounting to US$ 780 million and 2 (two) divestitures. He was an Investment Committee member of the fund as well as director of several investee companies.

Between 1996 and 2003, Prakash was the India Managing Partner with Electra Partners (a subsidiary of Electra Investment Trust, UK), CDPQ (a Canadian Pension Fund) and Baring Private Equity Fund where he led some marquee investments in various industries across the manufacturing and services sectors.

Prakash was responsible for primary market investments of the Unit Trust of India ("UTI"), from 1985-1996 – then India's largest Asset Management Company/Mutual Fund, where he was responsible for setting up the primary market investments division, building up a portfolio of quoted and unquoted equity and debt positions primarily through direct negotiation and structuring with Indian companies in all sectors and sizes. Prakash left UTI as General Manager and head of the Primary Markets Division in 1996 to set up the India desk of Electra Partners (UK) in Mumbai.

At UTI, Prakash contributed immensely to the setting up of India’s first Venture Capital Fund under the auspices of TDICI, a joint venture between ICICI Bank and UTI. TDICI later became ICICI Ventures. Prakash also led the “Fund of Funds” activity at UTI. In addition, he also led UTI’s participation in large-scale divestitures of PSU companies by the Government of India.

Prakash is a Member on the Listing Advisory Committee of the National Stock Exchange of India and an Independent Director on the board of Moser Baer India Limited, one of India's most successful and fastest growing manufacturing companies (with a globally competitive scale) in the mid 1990s.

Prakash has recently been appointed as an Independent Director on the Board of Union KBC Asset Management & Co. Pvt. Ltd (a JV between Belgium's KBC group (a leading integrated bancassurance and asset management group in Belgium and Central & Eastern Europe) and Union Bank of India (one of the leading - Government of India owned banks).

Graduated as a Bachelor of Technology (B.Tech) in Chemical Engineering from the Indian Institute of Technology, Chennai, India. Prakash also has Diplomas in Financial Management and Systems Management from Bombay University.

Team / Manpower

Team

Prakash Karnik - Founder Director

Harish Prabhu - Founder Director

Shripad Gumaste - Connsulting Partner

Gautam Shanbhag - Associate Director

Vijay T.M. - Associate Director

Pradeep Mohile - Consulting partner

	Fact Sheet Nature of Business : Service Provider Major Markets : Indian Subcontinent, East Asia, Middle East and South East Asia

Contact Details

Company Name: Orion Equity Advisors Private Limited Contact Person: Mr. Manager Telephone: +(91)-(22)-24170390 / 24170391 Mobile / Cell Phone: +(91)-9820224262 Address: 1st Floor, Irani Building, Next To Dadar Post Office, Dr. B.Ambedkar Road, Dadar East, Mumbai, Maharashtra - 400 014 (India)