Winner Spotlight: Trust Investment Advisors

India’s debt capital market (DCM) has evolved rapidly over the past 10-15 years thanks to fast-changing market dynamics, vigorous regulatory reforms, and a steep curve in technological advancements.

As a prominent institutionalised platform in India’s financial services sector, Trust Investors Advisors Private Ltd over two decades of experience, has positioned itself in an enviable and commanding position in this dynamic market.

With more than two decades of wealth creation, TIAPL has served over 100,000 investors and built a robust team of over 400 dedicated professionals managing asset’s worth over INR16,000 crores, across diverse client base, which includes 500 institutions, 1,200 corporates, 1000 banks, 1,000 retirement benefit funds, and over 100,000 individuals.

The judges were impressed by TIAPL’s integrated business model which has consistently driven profitability and maintained its leadership across all segments and maturities. "India is a huge market,” judges said of this submission. “This award should be a testament to them to go out and say, ‘Hey, we offer a certain calibre (of service), we can do the work, we can get the backing of this award’.”

TIAPL’s unique approach to financial advisory is characterised by a resilient and sustainable business model, a diversified and granular client base, long-term growth levers, and a stable leadership team with two decades of experience. 

In terms of environmental, social and governance (ESG), TIAPL has played a significant role in mobilising funds from the DCM for ESG-compliant projects, including green power generation, clean energy transmission, efficient waste disposal, and social sector funding. 

Here again TIAPL showcased its commitment to market development by employing well-designed and efficient market structures.

“Keeping in view the limited risk appetite for DCM investors, TIAPL has chosen mainly operational infrastructure projects which were earlier funded by high-cost bank loans which were repaid from the proceeds of the bonds,” TIAPL said in its submission. 

“This takeout mode ensures cost rationalisation for operational projects and also frees up of bank resources for further greenfield project financing.”

Overall, the judges were impressed by TIAPL's contributions,which not only strengthened Indian’s DCM, but also aligned it with sustainable development goals.

TIAPL has successfully executed several significant key transactions. These included the first-ever green bond issuance by an Indian REIT, Mindspace Business Parks REIT (MREIT), amounting to INR550 crore ($65.9 million) in March 2023. In the same month, TIAPL facilitated the follow-on bond issue for Andhra Pradesh State Beverage Corporation Limited (APSBCL), owned by the State Government of Andhra Pradesh, raising INR3,144 crore. Additionally, in December 2023, TIAPLdesigned and implemented a bond issuance for Jayswal Neco Industries Limited (JNIL) for an aggregated amount of INR3,200 crore, aimed at the financial revival of the company.

TIAPL has also played a pivotal role in catalysing the development of a wider and more vibrant DCM in India. It has helped enhance participation from family offices and retail investors by offering both high-yielding and high-rated bonds, while at the same time pioneering credit-enhanced structures that recognise the limited credit risk appetite of some investors.

These ring-fenced structures, which bring more middle-level issuers into the bond market, won plaudits from judges. 

“Being recognised by FinanceAsia as the best DCM house in India for two consecutive years highlights our unwavering commitment to financial excellence, innovation, and market leadership.”
Nipa Sheth, managing director, Trust Group 

Contact
Website: www.trustgroup.in 
Email: [email protected]
Telephone: +91 22 40845000