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www.nishithdesai.com PROGRAM Crystal Room, The Taj Mahal Palace Hotel, Apollo Bunder, Mumbai March 14, 2015 Dialogue with Professor Muhammad Yunus Let’s change the world for better, together. MUMBAI SILICON VALLEY BANGALORE SINGAPORE MUMBAI BKC NEW DELHI MUNICH

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Page 1: Dialogue with Professor Muhammad Yunus · Dialogue with Professor Muhammad Yunus Let s change the world for better, together. ... experience sharing and dialogue with Prof. Muhammad

www.nishithdesai.com

PROGRAM

Crystal Room, The Taj Mahal Palace Hotel,Apollo Bunder, Mumbai

March 14, 2015

Dialogue with Professor Muhammad Yunus

Let’s change the world for better, together.

MUMBAI SILICON VALLE Y BANGALORE SINGAPORE MUMBAI BKC NEW DELHI MUNICH

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Page 3: Dialogue with Professor Muhammad Yunus · Dialogue with Professor Muhammad Yunus Let s change the world for better, together. ... experience sharing and dialogue with Prof. Muhammad

Dialogue with Professor Muhammad Yunus

Agenda

11:30 AM – 1:00 PM REGISTRATION AND LUNCH

1.00 PM – 1.15 PM ASSEMBLING IN CRYSTAL ROOM

1:15 PM – 2:45 PM OPENING REMARKS

Nishith Desai Founder & Managing Partner, Nishith Desai Associates

Andrew Muirhead Executive Vice Chairman, Asian Venture Philanthropy Network

ADDRESS BY

Prof. Muhammad Yunus Nobel Laureate and the Founder, Grameen Bank

Paul Carttar Co-founder of the Bridgespan Group, Initial director of the Social Innovation Fund (SIF), a priority program of the Obama Administration

2:45 PM – 3:10 PM BREAK

3:15 PM – 5:15 PM INTERACTIVE INSIGHTS

Thoughts, experience sharing and dialogue with Prof. Muhammad Yunus and Paul Carttar

5:15 PM – 5:30 PM ACTION POINTS AND CONCLUDING REMARKS

5:30 PM ONWARDS Cocktails and Early Dinner with Prof. Muhammad Yunus and Paul Carttar Ballroom

1

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About NDANishith Desai Associates (NDA) is a research based international law firm with offices in Mumbai, Bangalore, Silicon Valley, Singapore, Mumbai-BKC, New Delhi and Munich. It specializes in strategic legal, regulatory and tax advice coupled with industry expertise in an integrated manner.

NDA has pioneered some of the international and India based fund structures used for pooling India focused funds. NDA is known for its participation in working with funds industry participants for representation towards policy. NDA has close relationship with IVCA and continues to support it on tax, regulatory and policy initiatives.

NDA’s core practice areas include Fund Formation, Fund Investment, Mergers & Acquisitions, International Tax, International Tax Litigation, International Litigation & Dispute Resolution, Capital Markets, Corporate & Securities Law, Succession & Estate Planning, Employment & HR, Intellectual Property, Competition Law, JVs & Restructuring, General Commercial Law. Our specialized industry niches include financial services, IT and telecom, education, pharma and life sciences, media and entertainment, real estate and infrastructure. Knowledge Management and Continuing Education programs cover key events, global and national trends as they unfold and examine case studies, debate and analyze emerging legal, regulatory and tax issues, serving as an effective forum for cross pollination of ideas.

Our trust-based, non-hierarchical, democratically managed organization that leverages research and knowledge to deliver premium services, high value, and a unique employer proposition has now been developed into a global case study and published by John Wiley & Sons, USA, in a feature titled ‘Management by Trust in a Democratic Enterprise: A Law Firm Shapes Organizational Behavior to Create Competitive Advantage’ in the September 2009 issue of Global Business and Organizational Excellence (GBOE).

NISHITH DESAI ASSOCIATES WAS AWARDED ASIAN LAW FIRM OF THE YEAR (PRO BONO) – 2001

BY INTERNATIONAL FINANCIAL LAW REVIEW, A EUROMONEY PUBLICATION.

NISHITH DESAI ASSOCIATES HAS BEEN RANKED INDIA’S MOST INNOVATIVE LAW FIRM AND ALSO RANKED # 2 IN THE APAC REGION (INCLUDING AUSTRALIA) BY THE

FINANCIAL TIMES IN ITS 2014 STUDY OF INNOVATIVE LAWYERS.

 

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© Nishith Desai Associates 2015 3

SpeakersProfessor Muhammad YunusNobel Laureate and the Founder, Grameen Bank

Nobel Laureate Professor Muhammad Yunus is the father of microcredit, the father of social business, the founder of Grameen Bank, and of more than 50 other companies in Bangladesh. For his constant innovation and enterprise, the Fortune Magazine in March 2012 as “one of 12 greatest entrepreneurs of our time.”

Professor Muhammad Yunus was born in Bangladesh in 1940. In 1965, he received Fulbright Scholarship to study economics at Vanderbilt University, USA and did his Ph.D. in economics in 1969.

Professor Muhammad Yunus returned to Bangladesh in 1972 and joined the Department of Economics, University of Chittagong, as its Chairman. In 1976, Professor Yunus started to experiment with providing collateral free loans to the poor. The project was called Grameen Bank Project and later, in 1983, became a full-fledged bank for providing loans to the poor, mostly women, in rural Bangladesh. Today Grameen Bank has over 8.4 million borrowers, 97% of whom are women and disburses over one and a half billion US dollars each year.

In 2006, Professor Yunus and Grameen Bank were jointly awarded the Nobel Peace Prize.“Professor Yunus is the author of BANKER TO THE POOR: Micro-Lending and the Battle against World Poverty, CREATING A WORLD WITHOUT POVERTY: Social Business and the Future of Capitalism, and, most recently, BUILDING SOCIAL BUSINESS: The New Kind of Capitalism that Serves Humanity’s Most Pressing Needs.”

Professor Muhammad Yunus is the recipient of more than 50 honorary degrees from universities across 20 countries. He has received 112 awards from 26 countries including state honours from 10 countries.

He is one of the seven individuals to have received the Nobel Peace Prize, the United States Presi-dential Medal of Freedom and the United States Congressional Gold Medal. Other notable awards include the Ramon Magsaysay Award (1984), World Food Prize (1994), International Simon Bolivar Prize (1996), Sydney Peace Prize (1998), The Prince of Austria’s award for Concord (1998) and Seoul Peace Prize (2006).

The concept of social business, which he introduced into the economic framework, is defined as a non-dividend company dedicated to solving social problems, such as healthcare, education, sanitation, water pollution, unemployment, environmental degradation, etc. His microcredit idea has spread to almost all the countries of the world, including the industrialized countries of the West.

United Nations Secretary General, Ban Ki Moon, invited Professor Yunus to serve as an MDG Advocate. He sits on the Board of United Nations Foundation, Schwab Foundation, Prince Albert ll of Monaco Foundation, Grameen Credit Agricole Microcredit Foundation and Chirac Foundation. He is one of the founding members of The Elders. Professor Muhammad Yunus serves as Nobel Laureate in Residence at the Universiti Kebangsaan Malaysia (National University of Malaysia).

Professor Muhammad Yunus was chosen by Wharton School of Business as one of ‘The 25 Most Influential Business Persons of the Past 25 Years’. AsiaWeek (Hong Kong) selected him as one of

“Twenty Great Asians (1975 – 1995).” Ananda Bazaar Patrika (India) selected Professor Yunus as one of “Ten Great Bengalis of the Century (1900 – 1999).”

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Speakers

In 2006, Time magazine listed Professor Yunus under “60 years of Asian Heroes” as one of the top 12 business leaders. In 2008, in an open online poll, Professor Yunus was voted the 2nd topmost intellectual person in the world on the list of Top 100 Public Intellectuals by Prospect Magazine (UK) and Foreign Policy (United States). In 2010, The New Statesman (UK) listed him as one of

“The World’s 50 Most Influential Figures”.

Professor Muhammad Yunus has appeared on The Oprah Winfrey Show, The Daily Show with Jon Stewart, Colbert Report, Real Time with Bill Maher, Hardtalk on BBC and The Simpsons. He has appeared on the cover of Time Magazine and Newsweek.

In June 2012, Professor Yunus was named Chancellor of Glasgow Caledonian University. On Google+, Professor Muhammad Yunus is one of the most followed person worldwide, with over 2 million followers.

Paul CarttarCo-founder of the Bridgespan Group, Initial director of the Social Innovation Fund (SIF), a priority program of the Obama Administration

Paul Carttar is a senior advisor to and co-founder of The Bridgespan Group. His work has focused on social innovation, enhancing the effectiveness of philanthropy, and scaling solutions that work.Paul brings more than thirty years of experience across the public, private, and nonprofit sectors to his work. He recently served as the initial director of the Social Innovation Fund (SIF), a priority program of the Obama Administration that has mobilized nearly a half-billion public and private dollars to grow promising nonprofits with evidence of impact in low-income communities.

Prior to the SIF, Carttar was an executive partner with New Profit, Inc., working with entrepreneurial nonprofits to expand their scale and impact. Previously, he was chief operating officer for the Ewing Marion Kauffman Foundation, one of the nation’s most innovative private philanthropies, where he oversaw all program activities.

Carttar began his career in the public sector as an analyst and assistant economist for the U.S. Senate Budget Committee and subsequently served as research assistant to Dr. Arthur F. Burns, former chairman of the Federal Reserve Board, at the American Enterprise Institute. In 1982, he joined Dr. Burns, then U.S. Ambassador to West Germany, as his Special Assistant in Bonn. Later, Carttar spent several years with Bain & Company, the international corporate consulting firm, and held executive positions in two private, venture-capital funded companies in the healthcare industry.

Carttar is a frequent writer and speaker on social innovation and other nonprofit issues, including delivering keynote addresses at conferences in Kaliningrad, Russia, Dublin, Ireland, Singapore, and Seoul, South Korea.

Carttar graduated with highest distinction from the University of Kansas with a B.A. in Economics and English and received his M.B.A. from Stanford University’s Graduate School of Business.

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Speakers

Nishith DesaiFounder & Managing Partner, Nishith Desai Associates

Nishith Desai is the founder of the research-based strategy driven international law firm,Nishith Desai Associates (www.nishithdesai.com) with offices in Mumbai, Silicon Valley, Bangalore,Singapore, Mumbai – BKC, New Delhi and Munich.

Nishith himself is a renowned international tax, corporate, IP lawyer, researcher, published authorand lecturer in leading academic institutions around the world. Soon after India opened up itseconomy to the outside world in 1991, he established the first five India focused funds andpioneered the roots of asset management industry. The firm has now worked for over 900 fundsacross all classes of asset.

Nishith Desai Associates won the 2014 Financial Times – RSG award for being the ‘Most Innova-tive Indian Law Firm’ and the ‘2nd Most Innovative Law firm in Asia and Australia’. Financial Times quoted: “Nishith Desai … a constructively contrarian, created his law firm in 1990 using a model and approach radically different from that of the most international premium law firms”.

In fact, Nishith founded his law firm in 1990 on the principles of trusteeship espoused by Mahatma Gandhi and Charles Handy. His Firm’s strong sense of social purpose, which has long co-existed with its reputation for research-based, high value, complex advisory, first received recognition with the ‘Asian Law Firm of the Year (Pro-bono)’ in 2001 by International Financial Law Review, a Euro-money publication. Nishith is also the recipient of Prof. Muhammad Yunus ‘Social Business Pioneer of India’ 2010 award.

Nishith has been voted ‘External Counsel of the Year 2009’ by Asian Counsel and Pacific BusinessPress and the ‘Most In Demand Practitioners’ by Chambers Asia 2009.

He has been ranked No. 28 in a global Top 50 “Gold List” by Tax Business, a UK-based journal for the international tax community. Legal Era, a prestigious Legal Media Group has recognized Nishith Desai as the Best Tax Lawyer of the Year (2013). He is listed in the Lex Witness ‘Hall of fame: Top 50’ individuals who have helped shape the legal landscape of modern India.

Nishith Desai is a practicing advocate in India and also holds a special license from the State Bar of California and Singapore to practice Indian law. His vast understanding of international comparative law along with lateral thinking helps him be solution oriented and a very innovative lawyer.

Besides being a well-known transactional lawyer he is also a litigator and has personally argued some of the most famous complex tax cases. Nishith Desai sits on the Board of Singapore International Arbitration Centre. His practice encompasses an extensive range of tax, corporate and technology matters. His other areas of practice include corporate M&A, globalization, international listings, international IPO and corporate governance.

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Speakers

Andrew MuirheadExecutive Vice Chairman, Asian Venture Philanthropy Network

Following an initial career in Banking Andrew Muirhead has been involved in the UK Philanthropic sector since 1993. He went on to lead Lloyds TSB Foundation for Scotland as Chief Executive until 2008, when he became Founding Chief Executive of Inspiring Scotland.

Andrew has led the development of a wide range of innovative programmes to support Scottish charities to scale and to help tackle key social challenges both in the UK and in developing countries in Asia, Africa, Eastern Europe and South America. His pioneering work was recognised in the 2008 Beacon Prize awards.

It was his passion for the Not-for-Profit Sector and the effective use of money and other resources that led him to travel for much of 2006 and consider various models from throughout the world which sought to achieve high impact social change. This learning led him to found Inspiring Scotland, which was launched in January 2009 to enjoy wide support from Government, Business, Charitable Trusts and Private Individuals including a number of Scotland’s leading entrepreneurs.

A fellow of the Chartered Institute of Bankers in Scotland, Andrew’s non-executive career has spanned Broadcasting, University Sector and Community Development. Andrew is a Board Member of the European Venture Philanthropy Association, is on the Advisory Board for The Centre for Charitable Giving and Philanthropy, he also serves as a Member of a Ministerial Task Force on Health Inequalities.

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The Asian Venture Philanthropy Network (AVPN) is a non-profit membership association, made up of organisations interested in or practicing Venture Philanthropy and Social Investment across Asia. Established in December 2011.

AVPN aims to be the home of, as well as the highest-value catalytic network for Asian social investors, venture philanthropists and foundations committed to using venture philanthropy and social investment tools to achieve societal impact. Our core mission is to increase the flow of financial, human and intellectual capital to Social Purpose Organisations (SPOs), and for those resources to be deployed as effectively as possible to address key social challenges facing Asia today and in the future. In just three years we have already attracted 194 members to the network from 27 countries.

In addition, we work very closely with our sister organisation in Europe, the European Venture Philanthropy Association (EVPA), and many of its members are also active in supporting SPOs in Asia. The combined membership of EVPA and AVPN totals more than 375 and we are represented in 40 countries. 

We consider Venture Philanthropy to be a methodology, which inevitably takes different forms in different settings. It can be applied to pure philanthropy, and to impact investing, and indeed the spectrum which lies in between.

The common attributes include:

§§ Building a deep understanding of the issue you want to tackle, essentially how can you measure progress unless you know where you start from?

§§ Carrying out thoughtful and proportionate due-diligence, to ensure that you are identifying partners with whom you can build an engaged relationship.

§§ A longer term view, typically tied to achieving a specific developmental goal(s), in the business plan of the SPO.

§§ A focus on human capital and a recognition that the capacity of the SPO must have investment, if it is to grow in scale and/or increase effectiveness.

§§ An outcome reporting culture which is built on learning and continuous improvement.

§§ A strong sense of the benefits to be gained from linking funders, and building co investment in areas of mutual interest.

Partner

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AttendeesSR.NO NAME DESIGNATION COMPANY

1. Abhay Havaldar Advisory Director General Atlantic Private Ltd

2. Abhijeet Birewar Joint Managing Director Multi Organics Pvt. Ltd.

3. Adi Godrej Chairman Godrej Group

4. Ajay Garg Managing Director Equirus Capital (P) Limited

5. Ajay Piramal Chairman Piramal Group

6. Akhil Shahani Director Shahani Group

7. Alessandro Giuliani Managing Director MISB Bocconi

8. Aman Bajaaj Managing Director Takeda India

9. Amit Bhatia Founder & CEO Aspire India

10. Amit Chandra Managing Director Bain Capital Advisors Pvt Ltd

11. Amit Pasricha Digital Panoramist Amit Pasricha Photography

12. Anand Lunia Founder & Partner India Quotient

13. Anannya Chakrabarty Member Relations Manager GiveIndia

14. Andrew Muirhead Executive Vice Chairman Asian Venture Philanthropy Network (AVPN)

15. Anshu Gupta Founder-Director Goonj

16. Apurv Kumar Mishra Robin Hood Army

17. Arun Korati Senior Managing Partner IIML Asset Advisors

18. Arunkumar Nanda Chairman Mahindra & Mahindra Ltd

19. Ashish Karamchandani Managing Director FSG

20. Azad Oomen Executive Director Centre Square Foundation

21. Bala Deshpande Senior Managing Director NEA India

22. Ben Rekhi Producer Sikhya Entertainment

23. Bharat Banka Senior President Aditya Birla Management Corporation Private Limited

24. Bhavesh Gandhi Partner P.R. Gandhi & Co. Chartered Accountants

25. Bunty Chand Executive Director  Asia Society India Centre

26. Chaitanya Deshpande EVP & Head - M&A Strategic Initiatives

Marico Limited

27. Chinmay Sengupta COO ICICI Foundation

28. Danny Carroll Director Alchemy Solutions

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Attendees

29. Deepak Gupta Chairman, India DHR International

30. Deepal Shah CEO Hindustan Cargo Limited

31. Deval Sanghavi Partner & Co-Founder Dasra

32. Dhiren Kanwar Country Head- Indian Sub-continent & Customer Service Associate

Puratos Food Ingredients India Pvt. Ltd  

33. Doug Miller Founder & Chairman Asian Venture Philantrophy Network (AVPN)

34. Dr V. Rangaraj Advisor-New Projects and External Relations

Aditya Birla Management Corporation Pvt. Ltd

35. Dr. Anand Bang Research and Medical Officer SEARCH

36. Dr. Chris West Former Deputy Director Shell Foundation

37. Dr. Dinesh Vyas Assistant Professor of Surgery Michigan State University

38. Dr. Habil Khorakiwala Chairman Wockhardt Group

39. Dr. Huzaifa Khorakiwala Executive Director Wockhardt Foundation

40. Dr. Jugnu Jain Co-Founder and Chief Scientific Officer

Sapien Bioscience Private Limited

41. Dr. Mukund Rajan Group Spokesperson, Brand Custodian, Chief Ethics Officer

Tata Sons Limited

42. Dr. Rajiv Lall Executive Chairman IDFC Ltd

43. Dr. Subir Gokarn Director of Research Brookings Institution India Center

44. Eric Savage Managing Director Unitus Capital

45. Gaurav Gupta Director Omkar Realtors & Developers

46. Govind Iyer CEO Egon Zehnder

47. Gurbir Singh Chief of Bureau Businessworld

48. Harnath Jagawat Trustee & Director N M Sadguru Water and DevelopmentT Foundation

49. Harsha Subramaniam Executive Producer Bloomberg TV

50. Indrajit Gupta Co-founder and Director Founding Fuel Publishing Pvt. Ltd

51. Jean Salata * Chief Executive & Founding Partner

Barings Asia Pacific

52. Jinesh Shah Founding Partner Omnivore Partners

53. Jitendra Kalra Former CEO Dr.Reddy’s Foundation

54. Joe Verghese Managing Director Colliers International

55. John-Paul Social Impact Fellow Dasra

56. Joiel Akilan Executive Director & Chief Representative

BBVA

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Attendees

57. Judi Kilachand Executive Vice President-Non Profit Practice

DHR International’s Global Nonprofit Practice Group

58. K.V. Kamath Non Executive Chairman ICICI Bank Limited

59. Kajal Kapadia Jain Director Gallery Maya 

60. Karan Bolaria Associate Vice President - Capi-tal Stretegy

Godrej Properties Limited

61. Kaushal Sampat President & CEO D&B India

62. Keith Chua Executive Chairman ABR Holdings

63. Laurence Lien Co-Founder & CEO Asia Philanthropy Circle

64. Mahesh Krishnamurthy Partner India Value Fund

65. Malti Jain President Public Relations DCW Ltd

66. Manie Mehrotra Fundraiser Swades Foundation

67. Manish Kejriwal Managing Partner Kedaara Capital Advisors LLP

68. Manisha Joshi Head - HNI Donor Relations GiveIndia

69. Manoj Borkar Chief Financial Officer IL&FS Investment Managers Ltd

70. Minali Kanuga

71. Mudit Jain Managing Director DCW Ltd

72. Nafisa Khorakiwala Trustee Wockhardt Foundation

73. Naina Subberwal Batra CEO Asian Venture Philanthropy Network (AVPN)

74. Naren Karunakaran Reporter Times Group

75. Neeru Nanda Managing Editor and Publisher Crossover Media and Design Pvt. Ltd

76. Neslin Daisy Joiel 

77. Nikhil Meswani Executive Director Reliance Industries Ltd

78. Nimesh Kampani           Founder & Chairman JM Financial Limited

79. Nimish C Shah Co-Founder, Vice Chairman & Managing Director

Fortune Financial & Equities Services Pvt Ltd

80. P.K. Mohankumar Managing Director & CEO Roots Corporation Ltd

81. Paresh Parasnis CEO Piramal Foundation

82. Parimal Shroff Founder Parimal K. Shroff and Co

83. Parth Gandhi Managing Director Aion Capital

84. Parul Soni  ‎Executive Director and Prac-tice Leader

Ernst and Young

85. Paul Carttar Initiated and Super headed Social Invention Fund

86. Pavan Gill Director of fund-raising India Community Center

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Attendees

87. Pradeep Kashyap CEO MART

88. Prafull Gandhi P.R. Gandhi & Co. Chartered Account-ants

89. Priyanka Gupta Zielinski Executive Director MPIL Steel Structures Ltd

90. Prof. Muhammed Yunus Founder Grameen Bank

91. Raj Pai Managing Director GEF Advisors India Pvt Ltd

92. Raj-Ann Rekhi Gill Delhi Ambassador Nexus India

93. Rakesh Nangia Managing Partner Nangia & Co.

94. Rana Kapoor Founder, Managing Director & CEO

Yes Bank

95. Ranjit Shahani Vice Chairman & Managing Director

Novartis India Limited

96. Ranu Vohra Managing Director & Chief Executive Officer

Avendus Capital Pvt Ltd

97. Rashmi H. Barbhaiya CEO & Managing Director Advinus Therapeutics Ltd

98. Ravi Venkatesan Social Venture Partner at Unitus Seed Fund & Former Chairman of Microsoft India

Unitus Seed Fund

99. Rema Subramanian Co-Founder, Managing Partner Ankur Capital

100. Richard Zielinski Vice Consul for Economic Affairs

U.S. Consulate

101. Ritu Verma* Co Founder and Managing Partner

Ankur Capital

102. Rohan Chanana Strategy Consultant  Accenture

103. Rohit Chanana  President Strategy & Finance Hero Corporate Service Limited 

104. Ronnie Screwvala Founder & Advisor Unilazer Ventures

105. S.G. Shyam Sundar Senior Managing Director    Morgan Stanley Infrastructure   

106. S.V.Salgaocar Managing Director V.M Salgaokar & Bro. Pvt. Ltd

107. Sanjay Bansal Founder and Managing Partner Aurum Equity Partners LLP

108. Sanjay Kadaveru Founder & President Action For India

109. Sanjay Kukreja Managing Director ChrysCapital

110. Sanjay Nayar CEO KKR India Advisors Pvt Ltd

111. Sanjiv Kaura Chief Philantrophy Officer The Times Group

112. Sanjiv Navangul Managing Director Janssen India, Johnson &Johnson

113. Sanjiv Shelgikar

114. Sanober Durrani Environmental and Sustainabili-ty specialist

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Attendees

115. Sapna Bhawnani Senior Legal Counsel -Corpo-rate Banking and Securities ( CB&S )

Deutsche Bank AG, Filiale Mumbai

116. Satya Bansal Chief Executive Officer Barclays Securities

117. Satyanarayana V Founder & CEO Aarusha Homes Private Ltd

118. Shaila Asave Trustee Motivating For Excellence

119. Shankar Narayan Managing Director & Co-Head of Carlyle Asia Growth Partners

The Carlyle Group - Carlyle India Advisors Pvt Ltd.

120. Shankar Venkateswaran Chief – Tata Sustainability Group

Tata Sons Limited

121. Sharad Agarwal Chief Representative and Country Head

Emirates NBD

122. Sharmila Amin Managing Director Bertling Logistics India Pvt. Ltd

123. Sharmishtha Jagawat Trustee & Director N M SADGURU WATER AND DEVELOP-MENT FOUNDATION

124. Shashank Bengali LA Times

125. Shridhar Venkat Chief Executive Officer Akshaya Patra

126. Siddharth Tata Associate Director Acumen Fund

127. Sohil Chand Managing Director Norwest Venture Partners

128. Sreevatsa Natarajan Co-Founder and CEO Sapien Bioscience Private Limited

129. Sri Rajan Managing Director Bain & Company India Pvt. Ltd.

130. Srikrishna Muruthy CEO Sattva Media and Consulting Pvt. Ltd.

131. Suchet Narain Senior Partner Korn Ferry International

132. Suhel Kanuga Co-Founder Millennium India Acquisition Company Inc.

133. Suketu Shah Joint Managing Director Mukand Ltd

134. Sunil Mathur Managing Director & CEO Siemens Ltd, India

135. Sunita Singh Co-Founder NEN/Senior Director

Wadhwani Foundation

136. Supriya Sobti Founder MOW Productions

137. Suresh Gupta Executive Vice President The Paper Products Ltd

138. Suresh Gurumani Former MD SKS Micro Finance

139. Syamal Gupta Former Chairman, Chairman of Executive Committee, Member of Nomination Committee and Member of Remuneration Committee, Tata Elxsi Ltd

Tata Sons Limited

140. T Surendar Senior Journalist Fortune India

141. T. N. Giridhar Managing Director & CEO Lincoln International Advisors Pvt. Ltd.

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Attendees

142. Tarun Katial Chief Executive Officer Reliance Broadcast

143. Trishya Screwvala Founder & Director Raindancer

144. Udai Dhawan Managing Director & India Head

Standard Chartered Private Equity

145. Venkat Krishnan Director GiveIndia

146. Vidya Shah CEO Edelgive Foundation

147. Vijay Jain CEO ORRA

148 Vijay Raval Independent Director

149 Vikram Gupta Founder & Managing Partner IvyCap Ventures Advisors Private Limited

150 Vineet Rai Founder & CEO Aavishkar & Intellecap

151 Virat Bhatia President – External Affairs, South Asia

AT&T Communications Services Pvt Ltd

152 Vishakha Mulye Managing Director & CEO ICICI Venture Funds Management Company Ltd

153 Vishal Mehta Co-Founder & Partner Lok Capital

154 Zarina Screwvala Managing Trustee Swades Foundation

155 Nishith Desai Founder & Managing Partner Nishith Desai Associates

156 Gowree Gokhale "Partner & Head, IP, Technology, Media & Entertainment Law"

Nishith Desai Associates

157 Dr. Milind Antani "Partner & Head, Pharma & Life Sciences, Social Sector"

Nishith Desai Associates

158 Nishchal Joshipura "Partner & Head, Mergers & Acquisitions & Private Equity"

Nishith Desai Associates

159 Pratibha Jain "Partner & Head, Fund & Regulatory"

Nishith Desai Associates

160 Vaibhav Parikh "Partner & Head, Mergers & Acquisitions & Private Equity"

Nishith Desai Associates

161 Vivek Kathpalia "Partner & Head Joint Ventures, Commercial Law"

Nishith Desai Associates

162 Vyapak Desai "Partner & Head International Litigation & Dispute Resolution"

Nishith Desai Associates

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Research@NDAResearch is the DNA of NDA. In early 1980s, our firm emerged from an extensive, and then pioneering, research by Nishith M. Desai on the taxation of cross-border transactions. The research book written by him provided the foundation for our international tax practice. Since then, we have relied upon research to be the cornerstone of our practice development. Today, research is fully ingrained in the firm’s culture.

Research has offered us the way to create thought leadership in various areas of law and public policy. Through research, we discover new thinking, approaches, skills, reflections on jurisprudence, and ultimately deliver superior value to our clients.

Over the years, we have produced some outstanding research papers, reports and articles. Almost on a daily basis, we analyze and offer our perspective on latest legal developments through our

“Hotlines”. These Hotlines provide immediate awareness and quick reference, and have been eagerly received. We also provide expanded commentary on issues through detailed articles for publication in newspapers and periodicals for dissemination to wider audience. Our NDA Insights dissect and analyze a published, distinctive legal transaction using multiple lenses and offer various perspectives, including some even overlooked by the executors of the transaction. We regularly write extensive research papers and disseminate them through our website. Although we invest heavily in terms of associates’ time and expenses in our research activities, we are happy to provide unlimited access to our research to our clients and the community for greater good.

Our research has also contributed to public policy discourse, helped state and central governments in drafting statutes, and provided regulators with a much needed comparative base for rule making. Our ThinkTank discourses on Taxation of eCommerce, Arbitration, and Direct Tax Code have been widely acknowledged.

As we continue to grow through our research-based approach, we are now in the second phase of establishing a four-acre, state-of-the-art research center, just a 45-minute ferry ride from Mumbai but in the middle of verdant hills of reclusive Alibaug-Raigadh district. The center will become the hub for research activities involving our own associates as well as legal and tax researchers from world over. It will also provide the platform to internationally renowned professionals to share their expertise and experience with our associates and select clients.

We would love to hear from you about any suggestions you may have on our research reports. Please feel free to contact us at [email protected].

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Research@NDA

Fund Structuring & Operations Fund-Governance Private Equity and Debt in Real Estate

M&A Lab Apollo’s Bumpy Ride in Pursuit of Cooper

M&A Lab-Jet Etihad Jet Gets a Co-Pilot

Diageo-USL- ‘King of Good Times: Hands over Crown Jewel to Diageo

Corporate Social Responsibility Joint Venturesin India

Joint Venturesin India

These research papers and much more are available on our Knowledge Site: www.nishithdesai.com

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Research@NDA

© Nishith Desai Associates 2015

Competition Law in India Joint VenturesKey Considerations

International Litigation & Dispute Resolution

Destination India:Welcome Retail

International Commercial Arbitration

Wealth & Estate Planning

Doing Business in India E-Commerce in India Dispute Resolution in India

These research papers and much more are available on our Knowledge Site: www.nishithdesai.com

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Dialogue with Professor Muhammad Yunus