Brief Profile of Coralbay Advisory Private Limited
We are a young, fast growing team of consultants specializing in investment advisory activity.
We work closely with some of the most significant Private Equity funds in the world (the likes of
TPG, Bain Capital, Warburg Pincus, Carlyle, etc.), and in addition have very close relationships
within the Indian banking system.
In terms of background, Coralbay is a young boutique firm which was founded 3 years ago by
Anil Khatri and Amit Gupta. Anil Khatri has built up a highly successful track-record
advising SMEs in the NCR – he is a Chartered Accountant with over 20 years of experience, and
very deep relationships within the banking system. Amit's, background has been that of an
emerging markets investor, he was most recently with an EM hedge fund that was a part of the
Man Investments group in London. His background allows him to conceptualize projects from
the viewpoint of investors as well as that of the promoters, and in addition he has very strong
relationships within the global financial system and the domestic PE sector. CA Samir Khurana
has joined Coralbay a little over a year ago, and his earlier experience includes stints with Ernst
& Young, and Och Ziff, one of the largest hedge funds in the world. CA Sujat Soni is
associated with us as an advisor to the Board of Directors.
Coralbay has been involved in some very innovative transactions involving growth as well as
distressed type of situations. You may have noticed recent media coverage for the Texas Pacific
Group (TPG) led- takeover of Vishal Retail, the country’s 2nd largest retailer. This was our
transaction, and the scope of work included cleaning up the balance-sheet, strengthening
management systems, moving the company through the CDR process, and securing the support
of a strategic investor namely TPG. We are currently advising various firms such as Koutons,
Rallison Cables, Ginny & Jony etc. with regards to restructuring their balance-sheet and/or
induction of fresh equity. We have also worked with several notable corporate to help them
secure growth financing. One such project involved raising Debt of USD 80 Mil for KLJ Group
for its upcoming project in Qatar. Another project in which Coralbay is involved is for raising
equity of up to 50-100m USD for the Metro Group of Hospitals in Delhi NCR. Some other
clients that we are currently engaged with include the Nahar group, Jaiprakash, Shalivahana
Green Energy, Ozone Group & others. In addition to this project we are working with several
other fast growing corporates in various fields such as telecom, consumer, retail, etc.
It is also important to mention that Anil Khatri and Amit Gupta are also associated with
Sobhagya Capital Options Ltd, which is a Category 1 rated merchant banker. SCOL, and its
sister company Sobhagya Advertising have handled nearly 3,000 public issues over the last two
decades, including work done for some of the most highly reputed corporate such as Hero
Honda, Jaiprakash, and others.