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Tag: Aviral Jain

Virat Kohli Reclaims Top Spot in Kroll’s Celebrity Brand Valuation Report with Brand Value of Nearly USD 228 Million

MUMBAI/NEW DELHI: Kroll, the leading independent global risk and financial advisory solutions firm, announced today the launch of the ninth edition of its Celebrity Brand Valuation Study titled, “Brands, Business, Bollywood”. The study provides a ranking of India’s most powerful celebrity brands based on brand values derived from their brand endorsement portfolios and relative social media presence.

The overall brand value of the top 25 Indian celebrities included in the latest study is estimated at $1.9 billion in 2023, an 18% jump from the previous year.

Key findings of the report include:

● Virat Kohli reclaimed the number one spot with a brand value of $227.9 million, nudging Ranveer Singh to second place at $203.1 million.

● Shah Rukh Khan secures third position with a brand value of $120.7 million on the back of three blockbuster hits in 2023, marking his incredible return into India’s top five celebrity endorsers since 2020.

● Akshay Kumar dropped a rank this year to the fourth position with a brand value of $111.7 million while Alia Bhatt moves to fifth with a brand value of $101.1 million.

● Other notable movements include the meteoric rise in brand value of Kiara Advani moving from rank 16 to rank 12, and Katrina Kaif returned to the list of India’s most valued celebrity brands after five years.

Aviral Jain, Managing Director, Valuation Advisory Services at Kroll said, “Our report recognizes the expansion of celebrity-owned startups across various industries and the spectacular rise of Indian celebrities as global ambassadors of reputed global brands. The year 2023 also witnessed Bollywood’s powerful comeback to the film industry, with blockbusters breaking records to cross the $100 million mark—re-establishing Bollywood’s dominance in the film industry. The synergy between celebrity entrepreneurship, global star advocacy and the resurgence of Bollywood is set to redefine the dynamics of the entertainment and business industries.”

About Kroll

As the leading independent provider of risk and financial advisory solutions, Kroll leverages our unique insights, data, and technology to help clients stay ahead of complex demands. Kroll’s team of more than 6,500 professionals worldwide continues the firm’s nearly 100-year history of trusted expertise spanning risk, governance, transactions, and valuation. Our advanced solutions and intelligence provide clients with the foresight they need to create an enduring competitive advantage. At Kroll, our values define who we are and how we partner with clients and communities.

Siguler Guff Builds 240 Crore Stake in Spandana Sphoorty, a Leading Microfinance Lender

May 6, 2024 Mumbai, Maharashtra, India
Siguler Guff & Company, LP (“Siguler Guff” or the “Firm), a global multi-strategy private markets investment firm with over $16 billion in assets under management, announced today that it has invested INR 240 crores, for an approximate 3.5% ownership stake, in Spandana Sphoorty Financial Limited (NSE: SPANDANA) (the “Company”), a leading microfinance non-banking financial corporation (‘NBFC-MFI’) based in Hyderabad.

This investment marks Siguler Guff’s ongoing commitment to identifying and investing in high-growth opportunities across the Indian public and private markets landscape.

Spandana Sphoorty is a leading rural-focused NBFC-MFI with a pan-India presence offering primarily income generation loans under the joint liability group model, predominantly to women. As of March 2024, Spandana’s AUM stood at about Rs 11,970 crores.

Aviral Jain, Managing Director and Head of India at Siguler Guff, said, “Spandana stands overlooked amongst India’s publicly traded lending institutions, with an incredibly strong management team who have built a track record of continued execution – delivering impressive AUM growth while expanding return on assets from 1.6% to 4.5% over the last two fiscal years. Our investment in Spandana confirms our belief in the Company’s untapped growth potential and our anticipation of its continued upward trajectory.”

Shaun Khubchandani, Partner and Co-Head of Emerging Markets at Siguler Guff, highlighted what made Spandana a compelling addition to the Firm’s emerging markets portfolio. “Management has meticulously executed towards their Vision 2025 targets, delivering sustained growth while re-building the organization’s reputation around risk management. The Company’s technology enabled disbursement process, and their goal of building a weekly collections franchise gives us confidence that Spandana is well positioned to deliver sustainable growth in the coming years.”

Speaking to India’s growing place in Siguler Guff’s investment outlook Mr. Khubchandani added, “We are excited about deepening our commitment to India, a cornerstone of the Firm’s investment strategy in the emerging markets. Investments like Spandana Sphoorty align with our long-term vision to back businesses that are not only leaders in their respective domains but also contribute significantly to India’s growth narrative.”

Siguler Guff has been active across India’s financial sector previously with investments in City Union Bank, Manappuram Finance, and Repco Home Finance. The Firm’s private company investments in India include consumption-oriented businesses such as affordable fashion retailer Baazar Kolkata, domestic cardiovascular medical devices platform Relisys, South India-focused consumer electricals retailer Luker, Gujarat-based corporate hospital chain Sterling Hospitals, and homegrown social media and news platform Verse Innovation.