Motilal Oswal - India Business Excellence Fund V

• Pan-India Presence
  2,500+ business locations and a 400+ LFA network enable wide deal acces – ~60% of deals sourced this way; 29 of 47 investments were exclusive.
• Experience
  Backed by 38+ years of equity investment expertise and the Group’s own first-generation success—resonating strongly with entrepreneurs.
• Reputed Brand
  An aspirational partner for promoters; companies backed by MO are highly regarded by investors.
• Research-Led
  Supported by one of India’s top research houses, with over 30,000 reports published.
• Edge in IPO Exits
  Seamless collaboration between IB, IE, and Retail teams delivers optimized public market exit strategies.

Backed by a reputed equity house in India, we offer a distinct advantage in sourcing, investing, and exiting—across the full investment lifecycle.

 Our Investment Approach

– Provide growth capital to mid-market companies
-We follow the Quality-Growth-Longevity-Price (QGLP) framework, a time-tested approach that guides every investment decision:

• Quality of business and leadership
• Sustainable growth in revenue, market share, profitability, and cash flows
• Longevity of business fundamentals over a 15–20 year horizon
• Fair price, ensuring valuation aligns with growth potential and safety margin

–We back market leaders—especially those founded by first-generation entrepreneurs—who bring ambition, resilience, and vision to build enduring businesses.

Sector Focus

• Financial Services
• Consumer
• Life Sciences
• Niche Manufacturing

Proven Track Record in High-Quality Investing

Motilal Oswal Alternates has consistently delivered strong outcomes across market cycles. Each fund showcases disciplined deployment, value creation, and timely exits.

* Includes expected exit in IKF Finance by May 2025
^ Includes IKF Finance investment, completion expected May 2025
1 Fund III: 4/11 listed; Fund IV: 1/13 listed
Net MOIC, DPI, and DPI + Liquid Shares are post-expense and post-carry, for domestic funds (IBEF & IBEF II in Fund I & II).Performance as of March 31, 2025, per Grant Thornton valuation. Fund I & II include Mauritius-advised funds in track record

Anchors of our Strategy

1. First Institutional Investor
   28 out of 50 investments
   → Maximum Upside Potential
2. First-Generation Entrepreneur
   39 out of 50 investments
   → Desire for Success
3. Market Leadership
   34 out of 50 investments
   → Brand & Scale Benefits
4. Profitability Track Record
   44 out of 50 investments
   → Superior Business Model
5. Proprietary Deal Sourcing
   30 out of 50 investments
   → Reasonable Entry Valuation
6. Board Seat(s)
   44 out of 50 investments
   → Better Governance & Control

Each of these six pillars reflects Motilal Oswal Alternates’ focused and disciplined approach to identifying, nurturing, and scaling high-potential businesses across India.

Summary

• Target Fund Size: ~INR 8,000 Cr (including INR 1,500 Cr green shoe option)
• Investment Manager: MO Alternate Investment Advisors Private Limited
• Strategy: Growth capital to mid-market Indian companies across:
  1. Consumer
  2. Financial Services
  3. Life Sciences
  4. Niche Manufacturing
• Target Investments: 12–16 companies
• Hurdle Rate:

• 10% p.a. pre-tax (INR)
• 8% p.a. pre-tax (US$)

• Minimum Commitment:
  • INR 5 Cr (domestic)
  • US$ 1 million (offshore)
• Sponsor & Team Commitment: 10%+ of the target fund
• Tenure: 11 years from initial closing
• Commitment Period: 5 years from final close (extendable by 12 months)
• Management Fees:
  • 2% (plus taxes) on committed amount during commitment period
  • 2% (plus taxes) on invested amount thereafter
• Carried Interest: 20% with catch-up
• Legal Structure: AIF Category II
• Auditor: S R Batliboi (affiliate of Ernst & Young)
• Legal Advisor: Khaitan & Co.
• One-time Setup Cost: 2% (plus GST) of capital commitment