Archive for the ‘private equity’ Category

Know SharesVault Co-Founder Roshan Shah

Thursday, November 25th, 2010

Roshan Shah, a Canadian Citizen and a successful entrepreneur in the software engineering and social media technology sectors, is actively pursuing goals to save the world. Shah will be conferred the Star Entrepreneur of the Year award in Pune, India at the Fourth Indira India Innovation Summit in January 2011.

Roshan is the CEO and founder of Gloscon Solutions Pvt Limited, a leading Open Source company that specializes in Drupal Development, Ruby on Rails Development, 24×7 server monitoring and performance and maintenance services for high traffic Drupal and Ruby on Rails sites. Roshan has developed professional technology teams and next generation leaders known for their work ethics and high production.

Gloscon fully owns Gujarat Hosting Pvt Limited, a 24×7 Web hosting and infrastructure/application monitoring company and OpenKick Technologies Pvt Limited(the Open Source training company). He has also developed a very large venture, “Kosansh”, the medical tourism portal. The portfolio also includes “Gujarat Startups”, the entrepreneurship portal; “Citiplots”, a real estate portal, and “Galaminds” the instant website template solution and he is working on building “Gujarat Health City” – Luxurious Retirement homes, “Beautiful Gujarat” – Travel portal, “SharesVault” – Pre-IPO Deal Network and “Cheerfoolz” – Entrepreneurship in Children and “Surgeboom” – Social Media Marketing firm. Roshan is an advisor to many international startups and sits on Board of Open Educator, NY.

Roshan works directly with CEO clients as a strategic advisor and lead project manager. These high level executives, whether from the US or around the globe, typically engage Gloscon and its subsidiaries to attract customers and generate new sources of revenue. Clients are extremely loyal and powerfully endorse Roshan’s managerial style as well as his team’s technical expertise and their “perfect” client communication processes.

Roshan is regarded as a valued resource and an unfailing professional who manages expectations, projects and budgets impeccably for clients who require top-level technical services for their projects.

Before starting Gloscon Solutions Pvt Limited, Roshan spend 11 years in various roles supporting clients and companies like IBM, HP, JP Morgan, Macmillan Computer Publishing, Peerflix, Speedware, Satyam as well as Larsen and Toubro Infotech. Roshan was also a Director in NetVision Web Technologies Pvt Limited – a company providing Java Training in Gujarat, India which later went Public.

Roshan Shah holds Bachelors Degree in Computer Engineering from DDIT, Advanced Diploma in Enterprise Management from AIMA, Diploma in Business Finance from ICFAI and is an Entrepreneurship Graduate from SEEDS, Canada. He is also Sun Certified Java Programmer and a Certified Project Manager.

The front page of the Toronto Star recently stated that Roshan has an innovative software engineer’s brain for venture capitalism–and with the rapid growth of his subsidiaries, has a proven track record that combines business savvy with innovative technology solutions.

Roshan believes in building entrepreneurial talent in India. Over last 5 years, 10 of Gloscon’s employees have plunged in starting their own businesses. He is also actively involved in Unique ID implementation project for 3.5 lakh global Khadayata Community.

Know SharesVault Co-Founder Rushik Shah

Thursday, November 25th, 2010

Rushik Shah is the CEO & MD of Alakmalak Technologies Pvt. Ltd, which deals with website development solutions, which is one of the regions’ leading firms. Mr. Rushik also owns and manages a Local Job portal of Gujarat, called Gujarat.com which is currently among the top 5 job portals in terms of database in Gujarat. A Graduate of Gujarat University in Engineering, also  holds a Master degree in IT Management from Illinois Institute of Technology, USA. He is one of the few individuals who have returned back to India after completing education overseas.  Looking at the immense potential India has this days to erupt as a major super power.

He also is a active member of Gujarat Startups which was founded by Mr. Roshan one of the Co-founders of Sharesvault, which revolves around setting up a base for startups in Gujarat.

Know SharesVault Co-Founder Ankur Patel

Thursday, November 25th, 2010

Ankur Patel holds master degree in computer from Utah State University, USA. He has software development experience for over a decade using open source technologies like Linux, Perl, PHP, RoR, Java etc. He has worked with international clients based in USA, UK, Canada, Netherlands, Australia, Italy, Ireland, France etc. He has worked on many different projects – ranging from small software to complex web applications.

Ankur has a passion for teaching and current focus of work has been consulting, training and mentoring teams(at his own company – Infotrex Services Pvt. Ltd.) on open source technologies.

Ankur came back to India in Jan. 2003, and since then he is busy working with various international clients as well guiding small team of developers to deliver their best. Ankur is one of the BEST minds, work with many of the BEST minds and teach to make the BEST minds in this world .

Sharesvault.com – a New startup in India for Pre-IPO private equity deals

Saturday, November 13th, 2010

What if you would have owned a piece of Yatra.com, Makemytrip.com, Educomp, Biocon, etc when these ideas were conceived and you would have grabbed the opportunity to invest in them much before they hit the capital markets with their public issues?. Today, while you can trade shares on stock markets for “publicly” traded companies, there are no platforms available in India to trade shares of startups in growth stage and pre-IPO companies. There are over 3.2 lakh registered companies with RoC whose shares are not traded at the stock exchanges. Many of these companies are giving excellent returns to their stakeholders. We all know that it is not possible to buy/sell shares of such companies today – but it is going to change.

Three CEOs of well established IT companies in Ahmedabad – Roshan Shah, Ankur Patel and Rushik Shah with leading CA – Bhavik Shah and CS – Keyur Shah as advisors – have plunged to develop an online platform “SharesVault” where business owners can connect with investors to trade unlisted, Pre-IPO shares of growth stage companies. Business owners will have to become paid members of “SharesVault” to submit their audited annual reports and financials to SharesVault Team. SharesVault will engage services of independent analysts/valuation experts to contribute research reports on strict well defined and documented criteria. These independent analysts will also undertake company valuation of member companies from time to time to help buyers and sellers to agree on a specific price for the transaction.

SharesVault aims to provide investors and site users access to corporate documents and research reports for member companies that are Public Limited (capital – Rs. 5 Lakhs plus) and other  prescribed criteria. Companies featured in SharesVault must have consistently been in profit for last 3 years and with valuation of over Rs. 10 crores.

Investors will also be facilitated to view the transactions history of past deals on this company. While SharesVault is not a real-time exchange, it will facilitate direct transaction between Buyer and Seller via escrow. Full disclosure of investor and in-person verification with notarized documents will be a necessity prior to investor putting any funds in any entity featured on SharesVault. SharesVault will work with Financial Institutions to facilitate transactions seamlessly both for Buyer and Seller. Selling Companies will have final say whether they would allow a particular buyer to buy that lot of shares for the offered price. When the shares have already been sold to a third party seller and he wants to resell the share at a higher price and there is a buyer who wants to buy those shares, it is when we have a further set of criteria to help the transaction. While company can deny the transaction, company must agree to pay a fair value to the original seller and buy back these shares.

“We want to keep this platform clean with utmost aim to keep investors interest as top priority. For this, we are working hard to have rules put in place for transactions to happen through this platform” – says Roshan Shah – Co-Founder SharesVault.

Both Buyers and Sellers will pay a piece of that Transaction to SharesVault. Buyers have to have PAN Card and personal investible Net worth of at least 20 Lakhs(held for at least 2 years). There is no restriction on sellers who have got shares via SharesVault.

There will be a basic fee of Rs. 1000/yr for paid membership as individual buyers and individual sellers each to be members of this site. They will also have to put in their detailed profile and comply with all documentation needs of SharesVault. If Individuals do not want to transact, they can still get basic membership on site and access research reports for FREE. Institutional investors shall be offered and charged with premium membership with other value added services.

Business Owners who are sellers of equity on SharesVault will join the portal as business member and their pricing will start at Rs. 10,000 per quarter. These businesses can also request add on services from SharesVault for their Business Plan preparation, Valuation and Financial Advisory needs of business.

This is a great platform for employees of privately held public (pre-listed) companies to unlock the value of their vested stock options. This portal can unlock value for their ESOPs  and they can gain money for their sweat equity which would not be possible otherwise unless the company goes through dilution rounds. And if the company does not go through dilution rounds, these vested stocks that have value today may be worthless tomorrow.

“We hope that this platform will showcase lot of rising stars from all over India and will increase M&A activities in India.” – adds Ankur Patel – Co-founder SharesVault. He further adds – “India is an emerging market and there is lot of investible money lying with people with deep pockets and many of these people are risk taking individuals. We want to show them fast growing companies and let them decide whether they want to put money in these today”.

Most of the sellers initially would be current or former employees, followed by business owners.

“Government regulations are not there right now in India for such a platform but as volumes pick up and deal sizes get bigger, I won’t be surprised if there is regulation put in place” – says Rushik Shah – another Co-Founder of SharesVault.

SharesVault is currently registered as a partnership firm in Ahmedabad.