The Aavishkaar-Intellecap Group is delighted to share the Cover Story done by Forbes India on our Founder Vineet Rai ‘The Forester who Turned Financier’
The Story traces Vineet’s Journey in building the Entire Ecosystem in the space of Impact Investing in India and taking the learnings to South East Asia, South Asia and Africa over last two decade.
The Story spread over 5 pages not only provide glimpse of the spread of the group from Equity, Microfinance, Venture debt, Advisory and Fin Tech but also covers extensively the progress made by the Impact Investing space and social entrepreneurship and the role played by Vineet and the Aavishkaar Intellecap Group in realizing this vision.
The Editor of Forbes India, Brian Carvalho opines "If you thought social businesses and investing are new to India, find out how Nand Kishore Chaudhary started up a carpets business with rural artisans in the late ’70s. And then there’s the Aavishkaar-Intellecap Group, the pathfinder in India for impact investing, which Vineet Rai founded in 2001. Today, it has close to ₹4,000 Crore ( US650 Million) in assets under management. It’s the likes of Rai and Chaudhary who may be driving today’s youth to not just be content competing in the corporate steeplechase and to instead look for ways to make a difference.”
As Vineet always refers to “Making Impact is about taking risk that commercial capital is not willing to take” the story provides glimpses on high risk contrary behaviour to generate impact in difficult geography, region and building ecosystems. The story sheds light on the growth of Intellecap, IntelleGrow, Arohan, Tribetech and IntelleCash various group entities that constitute the group and represent the ecosystem that services the needs of Start UP that Make Impact ensuring social change, but doing it commercially.
The story concludes with with a quote from Jayesh Parekh, Managing Partner, Jungle Ventures, “Vineet got the entire impact investment ecosystem going. He’s like the Pied Piper.”