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| IEX is promoted by
Financial Technologies (India) Ltd, and PTC India
Financial Services Limited (PFS). Following are brief descriptions of the promoters: |
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Financial
Technologies (India): |
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Financial
Technologies has a 90% share of
the electronic exchange and online brokerage
solutions market in India. The company’s
solutions power six exchanges and 750 out
of the 800-odd brokerage houses operating
over 1,40,000 trading terminals on a daily
basis. IEX will be the seventh exchange to
be powered by Financial Technologies. |
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PTC
India Financial Services Limited (PFS): |
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PTC India Financial Services
Limited (PFS) is an investment special purpose
vehicle (SPV) of PTC India Limited (PTC) established
with the mandate to provide financial services
in the energy value chain. The company was
incorporated during September 2006 and commenced
its business from May 2007. |
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| In recognition of the significance
of IEX in the modernisation of the electricity market
in India, a number of prominent players in the Indian
electricity market have taken stakes in the Exchange.
They include: |
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| Adani Enterprises: |
| Part of the Adani group of companies, Adani Enterprises is active in the power trading business across the country. It is implementing mega thermal power projects at various locations in India. It aims to enter into power transmission in a big way. |
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| Infrastructure
Development Finance Company (IDFC): |
| A private sector enterprise formed by a consortium of public and private investors, IDFC is a specialised financial intermediary for infrastructure. It provides financial assistance to projects in power, roads, ports, and telecommunications. |
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| Jindal Power
Limited: |
Jindal Power Limited (JPL), a subsidiary of Jindal Steel & Power Limited, has set up a coal-based 1000 MW (4x250 MW) O P Jindal Super Thermal Power Plant near Village Tamnar in Raigarh District in Chhattisgarh. This project, the first Mega Power Projects in the private sector, has already started generating 1000MW.
JPL has planned to add more power producing capacity and has aggressive blueprint to increase domestic power production to help in contributing towards achieving Government of India's goal of 'affordable power for all by 2012'. |
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| Lanco Infratech: |
| With more than two decades of experience in power generation, power trading, construction and EPC, infrastructure and property development, Lanco Infratech’s expertise in power encompasses conventional as well as non-conventional sources of energy such as gas, coal, biomass, hydro, and wind. It is also one of the top three power trading companies in the country. |
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| Reliance Energy: |
| India’s largest integrated private sector power utility company, Reliance Energy is into generation, transmission, distribution, and trading of power. It is also an investor in infrastructure projects including the prestigious Mumbai metro rail project and various road projects of the National Highways Authority of India. |
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| Rural Electrification
Corporation (REC): |
| A wholly public sector enterprise, REC’s main objective is to finance and promote electrification projects in villages all over India. It provides financial assistance to state electricity boards, state government departments, and rural electricity cooperatives for rural electrification projects. |
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| Tata Power
Company: |
| Pioneers of electricity generation in India, Tata Power is the country’s largest private sector power utility. It has successfully served customers in Mumbai for over 90 years and has now spread its operations across the nation. Tata Power has generation units in Mumbai, Delhi, Jojobera, Jharkhand, and Karnataka. |
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Lightspeed Venture Partners |
Lightspeed manages over $2 billion of committed capital and invests across the U.S., China, India, and Israel. They are currently investing out of Lightspeed VIII, an $800 million fund raised in mid 2008. Lightspeed invests across stages and sectors in India, with investment sizes in the range of $2 million to $25 million. They invest in technology-led businesses as well as in non-technology opportunities in sectors such as financial services, education, healthcare, retail. |
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Bessemer Venture Partners |
Bessemer Venture Partners , the longest standing venture capital practice in the United States has been an active investor in India since 2004 and manage India dedicated funds to the tune of half a billion dollars. The 28 investments to date span multiple segments and include companies such as Shriram EPC, NetAmbit, Motilal Oswal Securities, OnMobile Global, IL&FS Transportation Networks, Sarovar Hotels, Orient Green Power, Ind Barath Power and Shriram City Union Finance. |
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