NSPIRA raises INR 400 crore from global investors

NSPIRA completed a fund raising of INR 400 crs from global investors led by Olympus Capital Asia Credit & CX Partners Mezzanine Fund. NSPIRA a leading management services provider with more than 11,000 employees and operations across eight states. NSPIRA offers customized services to organizations that aim for professional excellence; though the primary focus is educational institutions, NSPIRA is equipped with the wherewithal to assist businesses in various domains and is looking to add more revenue streams to enhance growth and achieve true earning potential. Company provides end-to-end solutions for all requirements, including Staffing, Training, Content services, Organizational Development interventions, IT infrastructure, Sales & Marketing, catering, transport facilities, Infrastructure solutions as well as the entire administrative function. Company plans to utilize the funds raised in this round to expand its reach to new geographies and sectors.

Anand Rathi Advisors acted as the sole bankers to the transaction. Company was advised by Nishith Desai Associates while Khaitan & Co, Delhi represented investors.

Speaking on the occasion, Mr. Puneet Kothapa, Director, NSPIRA , said, "We are really excited about the partnership with marquee set of global investors. This will help us expand our reach to different geographies and institutions under our fold. Our vision is to be India's No.1 management services company and completely change the way services are provided to educational institutions and beyond in India".

Mr. Samir Bahl, CEO, Anand Rathi Advisors said, "This is a landmark transaction in the education management services space. NSPIRA runs a unique business model in the management services space which going forward will change the landscape in India. The quality of investors who have shown commitment is a reflection of the company's high-quality management team led by Puneet.

Source : Equity Bulls

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