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Overview

Nimai Capital will only invest in the financial services sector. Our team of full time experts, Advisors, Investment committee members and Operating Partners carry extensive financial services experience along with regulatory experience which provide us with a unique competitive advantage.

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Regulatory Experience

Securing regulatory approvals, understanding regulatory requirements and laws of the land, clarity in taxation and preserving strong relationships with regulators can pose an important entry barrier for Private equity investors in the financial services industry. We are confident that our strong relationships with various regulators in Asia & Africa and our understanding of the Regulatory structures surrounding our target investee companies and target market countries provide us with a unique strategic and competitive advantage.

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Deep and Extensive Network of Financial Services Professionals

Nimai’s international network of banking relationships is the founding store of setting up Nimai Capital with Focus on Financial services sector. Team Nimai, since its inception, has done business with multiple Banks in more than 50 countries and the core team members of Team Nimai have travelled more than 125 trips and have spent more than 500 days in its target market countries in last decade. This gives Nimai a competitive advantage of deal sourcing, smooth transaction execution and capability to create value. The team's personal connection with Chairman, CEO’s , Senior Bankers, Regulators , Tax and legal experts provide and enable Proprietary information flow.

Nimai Capital managed Nimai Emerging Financial servicesfund will focus on investment into growth capital of various financial institutions.

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Value Creation in growth equity & new initiatives

  • Additional capital for new product, market and service expansion

  • Recapitalizations

Professionalization

  • System & processes

  • International standards of Regulatory reporting and governance

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Focus

Team Nimai has always believed in Nuclear Focus. With this connection, Nimai capital decided to focus only on financial services sector in 7 countries for investment under “NIMAI EMERGING FINANCIAL SERVICES FUND”. The Nimai Capital target countries are Bangladesh, India, Nepal, Sri Lanka, Ghana, Kenya, and Tanzania.

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Bangladesh

Market

  • Total Population164 Mn
    Rural Population105 Mn
    Population Growth1.04%
    Adult Literacy Rate72.89%
    GDP USD249 Bn
    Market Capitalization 39.26 Bn
    Fx Reserve21.62%
    Average Currency depreciation over the last 5 years- 1.04%
    FX Reserve32 Bn
    Personal remittances, received (current US$)13 Bn
    Unbanked Population69%
    Internet Penetration18%

Regulations

  • Repatriation –100%  

    FDI ownership-100%

    Capital gains tax –10% (listed)15% (non-listed)

    Dividend tax- 10%-15%

Data as of 2017-2018

Srilanka

Market

  • Total Population21.44 Mn
    Rural Population17 Mn
    Population Growth1.13%
    Adult Literacy Rate91.89%
    GDP (US$)87 Bn
    Market Capitalization (US$)18.18 Bn
    Market Cap/ GDP (US$)27.91%
    Average Currency depreciation over the last 5 years- 7.49%
    FX Reserve7 Bn
    Personal remittances, received (current US$)7.1 Bn
    Unbanked Population17%
    Internet Penetration32%

Regulations

  • Repatriation –100%  

    FDI ownership -100%  

    Capital gains tax 10%  

    Dividend Tax- 10%

Data as of 2017-2018

Nepal

Market

  • Total Population29.30 Mn
    Rural Population23 Mn
    Population Growth1.10%
    Adult Literacy Rate64.70%
    GDP (US$)21 Bn
    Market Capitalization (US$) 1.5 Mn
    Market Cap/ GDP74.40%
    Average Currency depreciation over the last 5 years- 5.59%
    FX Reserve (US$)9 Bn
    Personal remittances, received (current US$)6 Bn
    Unbanked Population66%
    Internet Penetration20%

Regulations

  • Repatriation –100%

    FDI ownership –100%  

    Capital gains tax –10%-15%  

    Dividend tax-5%

    It is in the UN list of Least Developed Countries.

Data as of 2017-2018

India

Market

  • Total Population1.3 Bn
    Rural Population889 Mn
    Population Growth1.12%
    Adult Literacy Rate72.10%
    GDP (US$)2.9 Tn
    Market Capitalization (US$)2.28 Tn
    Market Cap/ GDP89%
    Average Currency depreciation over the last 5 years- 5.11%
    FX Reserve (US$)41.2 Bn
    Personal remittances, received (current US$)68 Bn
    Unbanked Population47%
    Internet Penetration30%

Regulations

  • Repatriation – 100%  

    FDI ownership-100%

    Capital gains tax –10% (listed) 15% (non-listed)

    Dividend Tax- 15%

Data as of 2017-2018

Kenya

Market

  • Total Population49.7 Mn
    Rural Population36 Mn
    Population Growth2.50%
    Adult Literacy Rate78.73%
    GDP (US$)74.94 Bn
    Market Capitalization (US$)17.91 Mn
    Market Cap/GDP27%
    Average Currency depreciation over the last 5 years3.87%
    FX Reserve (US$)8 Bn
    Personal remittances, received (current US$)1.9 Bn
    Unbanked Population24%
    Internet Penetration26%

Regulations

  • Repatriation –100%

    FDI ownership –100%

    Capital gains tax –5% 

    Dividend tax-10 % WHT

Data as of 2017-2018

Tanzania

Market

  • Total Population57.31 Mn
    Rural Population38 Mn
    Population Growth3.07%
    Adult Literacy Rate77.89%
    GDP (US$)52.09 Bn
    Market Capitalization (US$)10 Bn
    Market Cap/GDP20.80%
    Average Currency depreciation over the last 5 years- 7.97%
    FX Reserve (US$)4 Mn
    Personal remittances, received (current US$)402 Mn
    Unbanked Population35%
    Internet Penetration13%

Regulations

  • Repatriation –100%

    FDI ownership – 100%

    Capital gains tax –20%

    Dividend tax-10%

Data as of 2017-2018

Ghana

Market

  • Total Population28.83 Mn
    Rural Population12 Mn
    Population Growth2.13%
    Adult Literacy Rate76.60%
    GDP-(US$)47.33 Bn
    Market Capitalization-(US$)13.5 Bn
    Market Cap/ GDP31.30%
    Average Currency depreciation over the last 5 years- 20.89%
    FX Reserve (US$)5 Bn
    Personal remittances, received (current US$)3 Bn
    Unbanked Population59%
    Internet Penetration35%

Regulations

  • Repatriation – 100%  

    FDI ownership –100%  

    Capital gains tax-15%  

    Dividends tax- 8%

Data as of 2017-2018

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