BanyanTree Growth Capital

1 Focus on neglected sectors/themes 2 Active co-investment strategy 4 Experienced investment team BanyanTree looks to invest in established companies in India that: 1 are growing rapidly 2 have a distinctive competitive advantage and enjoy a robust market position 3 are run by competent management teams with a hunger for growth and value creation These companies are unable to access traditional private equity for the following reasons: Underserved Sector : Companies that operate in sectors which are neglected by private equity financiers because they are thought to be unattractive/ difficult to understand

Resist Dilution : Sponsors who are convinced of future growth prospects and equity value and who, therefore, resist the high levels of dilution resulting from dealing with a traditional private equity financier