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Follow Mr. Vikash Mittersain on twitter @Mittersainv


ISSUE No.2 | 2018
India’s most widely read newsletter


and Events
Member Referral
To Us
With Us


From The President’s Desk


The Budget has come and gone. Reams have been written about it by all and sundry. The only mention I want to make here that it’s a Bottom Up budget, as opposed to Trickle Down. The focus this year, and to some extent last year, is on the poor and farmers. this is good, as it will give surplus funds in their hands and this will go to buying the extras which normally they cannot afford. This creates demand for products and ultimately benefits the middle and higher class.

One thing I want to mention is the Economists approach to inflation. We are still following the Western Model of raising the interest rates to bring down inflation. This method does not work in a poor and developing country like India. We should focus on production and productivity in order to raise production of food and products. This would go to reduce prices in the system. The other cause for inflation in India is the Petrol and Petroleum products, in which the incidence of taxes is more than 50%. This raises all costs across the board.

We need to pay more attention to the oil pricing system in our country.

Overall the economy is looking good and should become more buoyant this year and the next if no new shocks like Demonetisation are applied to the system.

Pakistan continues to remain a worry.

- Vikash Mittersain
IBG Founder & President,






1. Launch of IBG Awards of Excellence

We had a wonderful Awards event on 31st Jan, where 13 Awards were presented to deserving members and associates. There were over 150 present for the function, and it was an enjoyable evening. I wish to again congratulate the Awardees.

The IBG Awards will now be an annual, and hope to do a larger event next time. We would like to recommend to do your best to be the winner next year.A couple of pics are given here, for more pics go to our IBG FB page or to IBG website.

There will be more emphasis next year on Awards to paid members of IBG. Look forward to see you at the next Awards night.

Special Thanks to our Sponsors:




IBG Awards of Excellence published in Business India Magazine



2. IBG – Dubai Corridor – The Next Premier destination for Business Opportunities on 7th Feb at MCA,BKC





3. As you are aware IBG's aim to promote trade and investment. As a part of our continuous endevours in this direction, we're glad to inform you that we have partnered with Lead Angels Network, Lead Angels ( is India’s first privately managed Angel Network founded by a team of three originally from IIT Bombay in 2014 with the goal of improving early stage investment outcomes.

About Lead Angels
Lead Angels ( is India’s first privately owned Angel Network founded by a team of three originally from IIT Bombay in 2014 with the goal of improving early stage investment outcomes. The team accomplishes this by providing professional assistance to Investor-members in company evaluation and the portfolio companies in their operations. Our Members are successful entrepreneurs and professionals across diverse sectors who want to be Investors and Mentors to high performing startups. They are supported by a team of experienced executives who are passionate about their work and a network of relationships across the Indian startup ecosystem. The network has grown rapidly and currently has chapters in Mumbai, New Delhi, Ahmedabad, Bangalore and Hyderabad with over 100 members. Lead Angels also has members outside these locations, both in India and abroad, who have access to promising investment opportunities in India through conference calls, videos and other collateral. We believe that support to our Investee companies is a key element of our services in building a successful trust based partnership between the team, entrepreneurs and investors.

Based on these strong foundations of a process centric investment research and post investment support, our portfolio performance of 20 companies has been remarkable with multiple companies raising subsequent rounds of capital with quantum growth in valuations and an above industry average survival rate.

For membership, please visit -

Membership process:
The membership applications to Lead Angels are scrutinized by the Membership Committee followed by a call with them.

Application Form:

Mr. Sushanto Mitra
– Founder & CEO Lead Angels

Sushanto is the Founder & CEO of Lead Angels an almuni focused seed stage angel network with over 100 members and chapters in Delhi, Mumbai, Ahmedabad, Bangalore & Hyderabad. The network has made multiple investments into IITian founded companies. Many of its members are also IITians including some recent graduates. He has been working in the early stage ecosystem in India for the last 15 years. Prior assignments included Chief Executive Officer, Society for Innovation & Entrepreneurship, (SINE) IIT Bombay and Director of Techcap India a boutique investment bank focused on early stage companies. His earlier stints included companies like PriceWaterHouse Coopers, HCL Insys and Softek.

A TIE Chartered member he is also a part of advisory committee at IIT Delhi and IIT Gandhinagar incubators.

He regularly speaks and writes about early stage companies at industry forums and media. He has conducted mentoring programs for entrepreneurs at StartupNext, CII, TIE and NASSCOM among others.

Contact Person
Sushanto Mitra
Chief Executive Officer



4. Covering Note with the E Edition of the Rwanda publication IBG President, Mittersain, releases Publication at International Conference in Mumbai.

Vikash Mittersain, President, India Business Group ( IBG) was a Guest of Honor at the InternationalConference on India Africa Partnerships and released a publication of Rwanda Renaissance at the Trident Hotel, Nariman Point on 23 January, 2018.

The Conference was attended by both Diplomats and businessmen from various African countries as well as from Europe and the Americas.The publication dedicated to Rwandan young achievers carried a message from Her Excellency,Mrs.JeannetteKagame, First Lady, Republic of Rwanda.

Vikash Mittersain, President, IBG, in his message, commended Rwanda for the great strides made across various parameters and wished the country a very successful India Africa Partnership Conference.



5. About Queensland and the Gold Coast 2018 Commonwealth Games (GC2018)

Queensland has a highly resilient and stable economy, underpinned by strong economic growth, which has exceeded the national average growth rate at 3.8% for the past two decades. Queensland is also called the land of “Endless Opportunities” and has a share of over 55% at $10.3 billion in the Australia-India bilateral trade.

The Trade 2018 Games Time Trade and InvestmentProgram

The Program will run from 3rd to 16th April 2018, with events taking place in cities across Queensland, including the Gold Coast, Brisbane, Townsville and Cairns.

Exciting highlights include the Business Leaders Welcome Reception, The Commonwealth – Business Advantages and Opportunities event, the Global Entrepreneur and Investment Exchange and Advancing Queensland through Sport Innovation event, all held at Commonwealth House on the Gold Coast. There will also be an Investing in Queensland Agribusiness event in Brisbane; Tourism Investor Famil in Townsville; and site and industry visits in the north of the State to Cairns and Townsville.

The Program has been designed to highlight opportunities across key priority sectors:
  • innovation and entrepreneurship
  • health and knowledge (including investment in the Gold Coast Health and Knowledge Precinct)
  • food and agribusiness
  • international education and training
  • business of sport
  • marine manufacturing and craftsmanship
  • film and television production.
Further details of these programs are provided in the attached.

To register your interest, please visit

Should your officials have any enquiries about how we can assist your visit to Queensland for the Trade 2018 Games Time Trade and Investment Program, or of your representative, you can write to us or we invite you to contact

Kind Regards,
Gitesh Agarwal
Queensland Trade and Investment Commissioner – India
Trade and Investment Queensland
Telephone: +91 80 4089 2000 | Dir: +91 80 4089 2005
Mobile: +91 98866 81120
12/1 Primrose Road, Off Magrath Road,
Behind Mar Thoma Syrian Church, Bengaluru 560025 INDIA

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Member’s Corner


Mr. Bhavesh Damania
Mr. Bhavesh Damania
– Founder - Wealthcare Investments

Found Wealthcare Investments ( in Jan 2010 with a mission of Transparent, Honest, Simple and Relevant advisory firm. With objective to help Investors reach their financial goals, easily, Bhavesh still manages the portfolio himself. Managing around 40 families, Bhavesh has maintained the niche by staying a boutique advisory firm. Bhavesh has vast experience of 10 yrs working with finest banks of India viz ABN AMRO, American Express, ICICI Bank and ING Vysya Bank. In the race to complete 8 yrs of Wealthcare Investments, wealthcare Investments is already recognized player in MF space. Key strength lies in identifying the Investment themes before other advisors, like – Recommending Infra, Small and Midcap funds in early 2014 (before General Election) and made killer returns for the Investors. Since 2016,

started moving money to Balanced funds and Asset allocators fund. Keen observation on economic data point and trend, is Bhavesh’s passion, that helps him and his advise stay relevant!! Bhavesh has contributed articles in HT, Mint and Financial Express on the subject of Personal Finance.

Bhavesh was also on Radio One with RJ – Hrishi K for the entire week from Sept 4 – 10 at Morning 8.30 to 9.30. Subject was” Demystifying MF and MF v/s other asset classes”. Below is the link for the audio

Contact details:
Mobile # 9833778887
Email :
Online presence:



Mr. Girish Jain
Mr. Girish Jain

Mr. Girish Jain is whole time Promoter Director of KJMC FINSEV Group including:

  1. KJMC Corporate Advisors (India)Ltd. a SEBI registered Merchant Banker and Underwriter.
  2. KJMC Capital Market Services Ltd., (Stock Broker - member of the NSE and BSE and MCX-SX ,CDSL)
  3. KJMC Financial Services Ltd. (Non-Banking Finance Company).
● Mr. Girish Jain is having in depth knowledge of the financial services industry especially relating to :
  • Investment Banking
  • Equity Research
  • Wealth Management
  • Securities Broking
  • Distribution of Financial products
  • NBFC (lending activities)
● Mr. Girish Jain has been a past Chairman of the Association of Merchant Bankers of India (AMBI) and Member of SEBI –Primary Markets Advisory Committee, FCP Member of JITO and member of CIO ANGEL NETWORK.

● Contact details :
168, Atlanta Building, 16th Floor, 209, Nariman Point,Mumbai – 400 021.
Cell. No. 98210 53574 / Off. Tel. : 22885201



Mr. Atul Javeri – Founder - Wealthcare Investments

Atul is a Post Graduate in Business Management having an acute sense of business networking with intelligence. He has spent 16 years in financial services sector with the likes of DSP BlackRock Mutual Fund, Pioneer ITI MF and Aditya Birla Group. His diverse experience spans through National & Regional level roles across Corporate Finance, Institutional, Banking& Retail sales, Channel Management & Fixed Income Product Manager.

Atul is the. REALM is an all round investment partner to HNIs and Corporates for their investments in Luxury Real Estate, Mutual Funds, Startups and Venture Capital funds.

Atul is the co-founder of BullmonkBusiness Management LLP, a Solutions Focused Strategic Consulting and Capital Advisory firm helping organizations navigate Growth & Disruption. At Bullmonk, Atul drives the business development strategies that strike collaborative partnerships within the ecosystem while handling investor relations.




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IBG Team