Securities and Exchange Board of India
At the outset the committee would like to place on record its appreciation and gratitude to Shri D.R. Mehta, Chairman, SEBI. But for his initiative and inspiration this effort would not have been successful.
Prof. Rafiq Dossani, Asia Pacific Research Center, Stanford University, and L.K. Singhvi, Senior Executive Director, SEBI and Member Secretary of the Committee, went beyond their call of duty as committee members and co-ordinated the entire process of interaction between the Silicon Valley and Mumbai. But for their active involvement and efforts it would not have been possible to finalise this report in a comprehensive manner within such a short time.
The Committee would also like to make a special mention of Robert Stillman Ex- Administrator SBIC Program US Government, Ms. Anat Ganor BIRD Foundation of Israel USA, Jonathan J. Everett View group Venture Capital USA, Fred Greguras Fenwick & West Law Firm, who spent their valuable time and provided useful insight.
The Committee is grateful to Kanwal Rekhi President Indus Enterpreneurs USA, Anil Godhwani Founder AtWeb, Tushar Dave Founder Armedia USA, Anil Srivastava CEO Across World Communication and Somshankar Das General Partner Walden International Investment Group CA, for their interaction and help.
The Committee greatly appreciates the association of Prof. K. Ramachandran Indian Institute of Management Ahmedabad, Ashok Wadhwa Managing Director Ambit Corporate Finance Pte Ltd Mumbai, Rakesh Rewari SIDBI Mumbai, Donald Peck Chief Executive CDC Advisors Pvt. Ltd New Delhi, Kiran Nadkarni Partner Draper International, Muneesh Chawla IL&FS, T.C. Meenakshisundaram Walden Nikko and N. Subramanian Vice President ICICI Venture Funds Management Company Ltd.
The Committee would also like to thank Nandan Nilekani Managing Director Infosys Technologies Ltd, Ms. Lalita D. Gupte Jt. Managing Director and Chief Operating Officer ICICI, Sridar Iyengar CEO KPMG, Rajat Gupta and Anil Kumar Mckinsey, for their well considered comments which helped the deliberations.
The Committee takes note of the assistance provided by Ms. Deanne D’Souza and Ms.Amritha Sreenivasan of Nishith Desai & Associates- International Legal & Tax Counsellors, Mumbai.
The Committee would like to place on record its appreciation for the efforts put in by N. Parakh Division Chief, for his hardwork and active involvement in the committee proceedings. The committee also is thankful to S. Parthasarathy and Ms. Feli Fernandes of SEBI for their effort and assistance in timely completion of the report.
Report of K B Chandrasekhar Committee on Venture Capital43