Paragon Partners

In 2016 we invested in Capacit’e, one of India’s leading EPC players focused on residential high-rise buildings. Investment Theses: Lack of well capitalized, execution focused contractors Why Capacit’e stood out: Disciplined management focussed on one segment Good quality clientele Robust order book with high revenue visibility Comfortable leverage and working capital levels High integrity of Founders and history with Paragon Founders Transparent accounting norms mirrored to cashflows Paragon Value Addition: Leveraged our proprietary network to secure over 20% of the order book with leading pr

In 2017 we invested in InCred Finance, a technology enabled retail NBFC, with a focus on improving under-penetrated segments of school infrastructure financing, supply chain financing, business loans, and structured debt to scale SME business. Investment Thesis Diversified retail NBFC platform Strong management team with proven track record Leveraging technology to develop a robust retail platform Attractive entry valuation as compared to other retail NBFCs Multiple opportunities for liquidity during future fundraises Paragon Value Add Actively involved in helping the business grow its liabili

In 2016, we invested in Maini, an end-to-end solutions provider of precision products and assemblies across automotive and aerospace sectors Investment Thesis Precision components maker catering to Automotive & Aerospace clients – OEMs and Tier 1s High margin Aerospace business had high barriers to entry and required 3-4 years for qualification. High visibility of revenues in the medium to long-term from the customers Focus on high quality execution which helps in building long-term relationships and repeat business Diversified customer and product platform base Paragon Value Addition: Support