Raj Founded Elara Capital Plc (“Elara”) in 2002 and is the founder and vice-chairman of the group. Elara was established primarily as a capital markets business, raising funds for Indian corporates through GDR’s, FCCB’s and the London AIM market. Since its first GDR issue in 2003, Elara has raised funds for several Indian corporates. Since then, the group has diversified further into corporate advisory, asset management, broking, mergers & acquisitions and private equity. Elara has not only diversified the product range, it also has diversified into other emerging markets through its fully licensed offices in New York, Singapore, Mumbai, Ahmedabad and London.
Starting with fundraising, Elara soon evolved into a full service investment bank. Elara has so far completed transactions worth billions of dollars and has expanded the scope of its services to include:
Strong demand from the existing clients was the key catalyst in setting up this practice. Since its start in early 2007 Elara has successfully closed numerous cross-border and India deals. Broad range of sectors includes Power Equipment, IT Services, Pharma, Entertainment and Financial Services. The team operates out of London, New York, Singapore, Dubai , Mumbai and Delhi.
Elara is a registered trader authorized and regulated by the Financial Conduct Authority of UK and a market maker in London AIM market. It also has a very active depository receipts and convertible bonds trading desk and facilitates trading in depository receipts on a matched principal and agency basis.
Elara provides global financial products and services across a broad range of asset classes through its various funds and bespoke investment solutions so as to meet the clients objectives. This unit serves various institutional investors like pension funds, sovereign funds, hedge funds, fund of funds and private banks. In addition, this unit also focuses on offering wealth management solutions to various Family Offices and High Networth Individuals.
Elara is authorized and regulated by the Financial Conduct Authority (FCA) in United Kingdom and registered as a Category A investment bank.