Guest Lecturer: Mr. Sunil Shirole

The guest lecture series at the Symbiosis School of Banking Management initiated by the Corporate Interface Team surpassed yet another milestone on 10th December 2011. We the students of SSBM were privileged and honoured to have Mr. Sunil Shirole, MD & CEO – Yen Capital Advisors; who rendered an insightful speech on INDIA & GLOBAL MACRO – THE CURRENT FUND RAISING ENVIRONMENT.

Mr. Sunil Shirole is a veteran in the Banking & Financial Services Sector with an experience spanning across 22 years. Prior to laying the foundation for Yen Capital Advisors, he has proven his excellence in various managerial roles at Citibank, Standard Chartered Bank and Deutsche Bank over the Retail, Corporate & Investment Banking spheres. He accomplished his graduation in BA (Economics) from Fergusson College, Pune and also holds MBA (Marketing & Finance) from Symbiosis Institute of Business Management, Pune. Being a Corporate Finance specialist, his areas of expertise include Debt & Equity Syndication, Credit Analysis and Transaction Structuring. He is the founder of the investment banking boutique named Yen that specialises in providing Private Equity / Debt Syndication, M&A and Placement services. To add to his fame, he is one of the pioneers who conceptualized the India Private Equity Fair, the first of its kind B2B Private Equity Platform in India.

The enlightening session by Mr. Sunil Shirole kick-started with an open-ended question to the audience on the literal meaning of “Global Macro”. Then the whole discussion further revolved around the present global economic turmoil and its impact on India. To start with, he threw some light on the causes and effects of the Euro zone Crisis. The issues with respect to Foreign Direct Investment (FDI) in the Retail sector of Indian economy and its aftermath were being addressed in the session. He also talked about the unpreventable ascend in Inflation in India and the substantial increase of interest rates by RBI.

The considerable reduction in the Private Equity Funds and their exit options in the present scenario was one other major topic covered today as part of the current fund raising environment. The unavailability of options to raise long term loans for financing power projects and related refinancing options being resorted to, were also handled along with. Some of the key highlights of today’s talk also include present-day issues regarding Foreign Currency Convertible Bonds (FCCB), External Commercial Borrowings (ECB), Corporate Debt Restructuring (CDR), etc.

Though the downturn of the Global and Indian economy and its consequence on the finance segment constituted the thought-provoking session for the day, the possibilities of economic upraise is also visible in the near future. This hope to witness a better economy before long, marked the end of the lecture for the day.