Background: TBVF is one of the India's largest fitness chain and holds ~10% market share. TBVF has over 198 health clubs and gyms across 85 cities and towns of India and Sri Lanka with member base of over 166,000. They have 103 owned gyms, 9 gyms subsidiary, 20 gyms Associates, 18 Franchisee gyms, 20 Power World Gyms, Zorba (3) and 25 HI-FI format gyms. Geographic distribution of gyms: West (42%), North (24%), South (28%) and East (6%). Urban, semi-urban mix's of gym: Tier...
Established in 1975, Motherson Sumi Systems Limited (MSSL), a JV between Samvardhana Motherson Group (36.9% stake) and Sumitomo Wiring Systems, Japan (25.6%), is India's biggest supplier of wiring harness and one of the largest manufacturers of rear view mirrors in the world. With a strong workforce of over 60,000 qualified professionals and 140 manufacturing units spread across 25 countries, MSSL caters to major global OEMs such as Volkswagen group, BMW, Daimler, Renault Nissan, Ford, Volvo, Maruti Suzuki, Tata Motors, Honda, Toyota etc. In terms of revenue mix as of FY16, of its standalone revenue, wiring harness accounts for...
The recent launches of Bolt, Zest and Tiago have led to a good market share win for the company. The management expects prebuying in MHCV segment before the countrywide adoption of BS IV from the next fiscal. The company would launch new versions of Prima LX and hopes to regain the maket share. Similarly the company would launch new versions of Ultra range in the LCV segment and launch of Hexa,Kite 5 and Nexon would propel the passenger car growth in the coming months....
Background: Sun Pharma is among the largest players in the domestic formulations market and the most profitable one with Indian and US as its focus markets. It makes and markets specialty medicines and APIs for chronic therapy areas such as cardiology, psychiatry, neurology, etc. Strength in high-growth chronic segments has propelled Sun to sixth rank in the domestic formulations market, with consistent outperformance to market and large-sized peers. Sun has forayed into regulated markets by acquiring majority stake in Caraco Pharma and has strengthened its presence in US by recent acquisition of Taro. With Taro's acquisition, Sun has become...
Background: City Union Bank (CUB) among the smaller-sized banks in the private sector space operates a network of 525 branches. With about 2/3rds of its branches located in Tamil Nadu the bank's business is largely skewed towards the Southern India. Majority of its business comes from branches located in South India. CUB has a significant chunk of its branches in urban and semi-urban areas. With no identifiable promoters CUB is run by a team of...
GSK Consumer is the largest player in the Rs18bn Indian health drink market, with a 70% market share. The category has entered a new orbit, with growth rates sustaining above 10%. Value-added variants of Horlicks account for ~18% of brand sales. With super premium HFDs priced at INR 1000 / Kg accounting for 10% of value and growing at 35%, GSK Consumer intends to enter the segment. Also, management aims to increase non-HFD segment's share from the current 5% to 15% over the next 3 years by focusing on Sensodyne toothpaste, noodles, oats, biscuits and nutri-bars. Reaches 800,000 outlets. GSK Consumer has a strong brand...
Background: CEAT, part of the RPG group, is one among the top four tire manufacturers in India. With a total manufacturing capacity of >1000 MT/day & manufacturing plants situated in Nashik, Bhandup (Mumbai) and Halol, Gujarat, the company manufactures all tires: Truck & Bus (32%), 2W/3W (29%), Passenger vehicles (13%), LCV (13%), Farm (8%) & Specialty (4%). In terms of market, replacement contributed 63% of the sales while OEM and exports make up 24% and 13% of the sales. CEAT has a robust distribution network consisting of over 3500 dealers, 33 regional offices and more that 100 C&F; agents. CEAT commands >12% market share in the T&B;...
Background: Power Grid Corporation Indian Limited (PGCIL) is the Central Transmission Utility (CTU) of the country under Ministry of Power and is one amongst the largest Power Transmission utilities in the world. PGCIL is playing a vital role in the growth of Indian power sector by developing a robust Integrated National Grid and associating in the flagship program of Govt. of India to provide power for all. The company has 132,138 ckm of transmission lines, 213 sub stations,...
Background: GCPL is a leading FMCG player focused on Home Care (39%), Personal Wash (26%), Hair Care (24%) & others (11%). In India, GCPL's is the market leader in the INR 10bn hair dye/color with market share of ~35% & 10% market share in the INR 90bn toilet soap market. Brand portfolio is strong in the Indian & International businesses. GCPL has grown their international business through acquisitions with share of international revenues contributing 36% of consolidated revenues. International revenue share is spread out between Indonesia (45%), Africa (24%), Latam (18%), UK (12%) and Middle East (1%). GCPL recently acquired 51%...
Background: ICICI Bank is one of India's largest banks with advances of INR 4.54tn. Network: Branches 4468, ATMs 14,295, presence in 19 countries. Focus is on retail lending representing ~48% of total loans while International and retail are the new growth drivers. The bank holds near market leadership in almost all its businesses including Mortgages, Auto Loans, Commercial Vehicle loans, Life Insurance, General Insurance, and Asset Management. Its subsidiaries ICICI Venture Funds, ICICI...
