Feedback Ventures, a renowned consulting and engineering company, today, has raised around Rs. 40 crore from L&T, in a significant restructuring of its equity base.  This gives L&T a 26 percent share in this privately held, fast-growing infrastructure services company.  L&T will be appointing two of its nominees to the Board of Feedback Ventures.

Simultaneously, the promoter group, comprising Vinayak Chatterjee (Chairman), RS Ramasubramaniam (Vice Chairman), and their associates, has raised its own shareholding to 46 percent by buying out two exiting shareholders.  Feedback Ventures continues to have strong business relationships with them.

With this restructuring, the shareholding pattern of Feedback Ventures is 46 percent with the promoters, 12 percent with HDFC, 16 percent with IDFC and 26 percent with L&T.   Its Board Members include Dr. Rajiv B. Lall, Managing Director of IDFC and Mrs. Renu S. Karnad, Joint Managing Director of HDFC. 

L&T was one of Feedback’s largest clients in 2006-07.  With this new status, the Feedback Ventures management hopes to significantly enhance its presence in most infrastructure sectors by working alongside L&T, both domestically and internationally.

Feedback Ventures, currently, employs over 800 professionals and provides integrated “advisory-engineering-project management” services across the infrastructure value-chain.  It has a strong brand-equity and market leadership in core infrastructure sectors like roads and highways, ports, railways, logistics, large-format townships and SEZs, power, water-sanitation and urban transportation and urban infrastructure.  It also has a significant presence in creating and managing projects in the social infrastructure areas of healthcare, hospitality, commercial complexes, retail, and leisure & entertainment.

Feedback Ventures is India’s leading integrated infrastructure services company, with a mission of “Making Infrastructure Happen”. Totally focused on infrastructure development, Feedback Ventures offers an integrated suite of services that covers all the steps from “concept to commissioning”.  Over the years, Feedback has become known both for its innovative work as well as for its ability to ensure successful implementation of infrastructure projects. In partnership with IDFC, it runs the India Infrastructure Initiative that is catalyzing around Rs. 10,000 crores of PPP projects across the country. 

For more information, please contact: Harsh Shrivastava, Feedback Ventures @ +91 9810609988