Bay Capital Partners - India Investment Experts

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Our Goals Our Approach Our Framework Case Study

Our Goals & Commitments

To achieve our vision, we use ESG factors as vital inputs to our investment process

Responsible investing is about delivering value for clients.

ESG in India is at a nascent stage, and we are committed to adapting to it as it continuously evolves.

Our Approach

Two Stages

(1) At investment
(2) Continuous review post investment

Exclusion Criteria

A score below 50% in any discipline is cause for exclusion.

ESG Evaluation and Integration

Understanding ESG risks and opportunities are an intrinsic part of our research process and we actively engage not only with the company but also the ecosystem surrounding the Co.

Annual Review and Ongoing Engagement

The team engages with each of its portfolio businesses at least once a year, either through a letter to the management or during in-person meetings, highlighting what we believe were the key achievements of the year and concerns, if any. This includes not just business performance, but a detailed evaluation of ESG performance based on global best practices as well as the management’s previous guidance.

Stewardship and Engagement

Our stewardship policy consists of Monitoring of our portfolio companies’ ESG efforts, and Engagement with our franchises to exceed regulatory requirements and meet global benchmarks.

Shareholder Voting

As minority shareholders, vote in a considered manner and work with portfolio companies to drive positive change. We consult a reputed proxy advisory firm before each vote.

Our Framework

E

Environment & Sustainability
25% weight

S

Social Responsibility
25% weight

G

Corporate Governance
50% weight

Case Study

Nestle India

Over the past 4-5 years, we have continuously engaged with the management of Nestle India to make consistent efforts on investor communication, including analyst meetings apart from result calls.
Nestle conducted their maiden in-person analyst meet in 2023.

Policybazaar

Right after its IPO, we engaged with PB Fintech to drive their regular investor communication plan.

Based on feedback from investors, including Bay Capital, PB Fintech adopted Integrated Reporting standards for fiscal year 2023. This is despite it not being in the mandatory bucket.

The company also conducted its maiden analyst meet during the year.

Le Travenues (Ixigo)

As part of its preparation for an Initial Public Offering, we advised the management to publish a detailed Annual Report, along with a letter to investors.

We are signatory to