What has been your most significant achievement in the year 2023?
The most significant achieve- ments were the fantastic perfor- mance of Real Estate Credit Op- portunities Fund -1 (RECOF-I) with supernormal exit returns and launch of Real Estate Special Opportunities Fund (RESO-I). RESO-I brought forth a phenomenal market opportunity of USD 15 billion, generating break- through margins and returns with high safety net. RESO-I created a paradigm shift in value proposi- tion, partnering with large financial institutions and creating a global institutional proposition.
What are your current goals?
We want to accelerate on our track record, breaking into the top three real estate alternatives space backed by value accretive differentiated offerings for domestic and global investors. Also, enhance the corpus of our funds by 3x, launch offshore rental yield fund and creating a MSME REIT platform. Our NBFC will also expand multi- fold on the back of the immense trade finance and securitisation opportunities within our current investment portfolio.
What makes you most proud about your company?
As Nisus Finance (NiFCO) turns ten years old this year, it has demon- strated consistent performance and growth y-o-y; despite economic,regulatory, industry and black swan headwinds. NiFCO is today a widely recognized home grown brand and our investors have re-upped their commitments. But the one thing that makes me most proud about NiFCO is the dedication, passion and hard work of our team that has differentiated itself on excellence, integrity and stakeholder delight.
What is your future outlook for the industry?
India real estate and AIF industry are both poised for a historic decadal growth. AIFs at current 36%-40% y-o-y growth will reach the MF industry corpus of Rs. 40 lakh crores within this decade. India real estate at 18-24% y-o-y growth could reach a USD 1 trillion mark this decade. Shared asset classes, co-liv- ing and co-working, industrial and data centres, high street retail and other emerging asset classes will outperform. Corporate players with track record and governance will
continue to consolidate the market.
LET US MAKE A PACT TO SUCCEED - ACT WITH PASSION, AUTHENTICITY, COMPASSION AND THOUGHT. NISUS FINANCE (NIFCO) IS BUILT ON THIS.
