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Who We Are

Inside Elara Capital

In the dawn of 2002, Raj embarked on a visionary journey, wielding the torch of foresight that would eventually lay the cornerstone for Elara Capital Plc. Today, he stands as the esteemed founder and vice-chairman, a guiding force steering innumerable clients toward financial success.

The story of Elara Capital is one of relentless and transformative growth. The company was established primarily as a capital markets business, raising funds for Indian corporates through GDRs, FCCBs, and the London AIM market. Since its first GDR issue in 2003, Elara has raised funds for several Indian corporates. Elara Capital is committed to excellence and vision to build a financial ecosystem created by professionals—we come together in synergy to cater to the dynamic needs of our clients.  

Genesis

The driving force behind the foundation of Elara Capital:

Building an organization owned by all the professionals who come in synergy to service different investors.

OR

Creating a business owned by professionals who come together to serve different investors.

Our Journey

2002-03 – Where It All Started

In the early 2000s, a challenge loomed large for small and mid-sized companies to raise equity in the offshore market. It was during these turbulent times that Mr. Raj Bhatt envisioned a solution. In 2002-03, Elara Capital was born with a goal – to address the investment needs of these companies.

The initial chapters of Elara’s story unfolded in London, where it began as a modest one-product company. Soon later, we became a trusted partner for companies navigating the complex waters of offshore investments.

 

2005-07 – The Early Chapters of Elara Capital  

In the early chapters of our story, we started as a firm to help companies raise money via (GDR). However by 2005, Elara Capital witnessed a pivotal shift with the decline of GDRs and the emergence of Qualified Institutional Buyers (QIB). Capitalizing on a liquid market, we ventured into converting Foreign Currency Convertible Bonds (FCCB) with Indian clients, marking a significant milestone. The issuance of these foreign currency bonds became the largest in the Indian markets, solidifying Elara’s position as a key player in financial markets.

2007-09 –  Elara’s Pivot Amid the Credit Crisis

During the period of 2007 to 2008, Elara Capital emerged as a prominent institution for issuing Foreign Currency Convertible Bonds (FCCB), successfully raising funds for 100 to 200  companies. The persistence of these achievements was put to the test when the global credit crisis unfolded in 2008. 

Rather than succumbing to the challenges, Elara Capital saw an opportunity for transformation. The credit crisis served as a catalyst for our strategic pivot towards diversification and a broader market reach. Recognizing the need to be more diversified and cater to a larger segment of clients, Elara Capital established its presence and set up offices in India, NY, Singapore, and Dubai.

2009-15 – Elara’s Journey into Full-Service Banking

As a first step toward a transformative phase, we embarked on recruitment drives and established a strong presence in India. This marked the beginning of an era where Elara Capital, initially rooted in London, began expanding its horizons within the Indian landscape.

As the team grew, so did Elara Capital. In order to meet the needs of our clients, we delved into equity research, institutional equity, and investment banking. The goal was clear: to evolve into a full-service investment bank catering to diverse financial needs.

In 2015, we ventured into the wealth business, catering to the distinctive needs of high-net-worth investors. At present, we have a dynamic team of 200 to 250 professionals, all contributing their expertise to uphold the values and vision that have propelled growth.

Are there any changes in the number?

Milestones

Charting the Course: Milestones of Elara Capital

 

Embark on a journey through the milestones of Elara Capital, a testament to our unwavering commitment to excellence and innovation. Since our inception, we’ve forged a path of growth and expansion, establishing a global presence and leaving an indelible mark on the financial landscape. Explore our journey as we commemorate the founding dates of our various entities, each marking a significant chapter in our pursuit of excellence and success.

Vision Statement

Vision Statement

We strive to be the trusted partner in every financial journey, providing innovative solutions and fostering a culture of synergy and excellence.

 

Mission Statement

At Elara Capital, our mission is to create a comprehensive financial ecosystem that caters to the dynamic needs of our clients.