Madison Street Capital India (MSCI) and the Indian Institute of Corporate Affairs (IICA) have formed a partnership to provide businesses in India with access to training and consultation on corporate governance and sustainable growth models. The announcem
Madison Street Capital India (MSCI) and the Indian Institute of Corporate Affairs (IICA) have formed a partnership to provide businesses in India with access to training and consultation on corporate governance and sustainable growth models. The announcement was made by Charles Botchway, CEO of Madison Street Capital, parent company of MSCI.
“We are very excited to partner with the Indian Institute of Corporate Affairs to assist companies in India as they look for the latest global best practices and models for sustainable growth,” said Charles Botchway, CEO of Madison Street Capital. “Since establishing a presence in India in 2010, Madison Street Capital has become a trusted advisor to several recognised companies and institutions in the country. We look forward to continuing our successful expansion both internationally and domestically in the United States.”
The Indian Institute of Corporate Affairs was founded on September 12th, 2008 as a Society under the Indian Societies Registration Act of 1860 as an independent, 21st century institution under the Ministry of Corporate Affairs of the Government of India to promote good governance and related practices.
“Our partnership with Madison Street Capital India bolsters our organisations capacity to establish responsible corporate governance, regulation, and inclusive growth,” said Atul Dev Sarmah, Head of the IICA’s Center for Institutional Partnerships. “As a partner, Madison Street Capital India joins a distinguished group of institutions that are committed to the growth of India’s middle and lower middle market. Our current group of partners includes KPMG, George Washington University Law School, and Carnegie Mellon University among others.”
The IICA’s mission is to evolve and establish a new, multi-disciplinary Corporate Affairs academic program for corporate professionals and entrepreneurs, to be a catalyst and delivery mechanism for capacity building among stakeholders, and to act as a think tank on all issues relevant to the effective regulation of the Corporate Sector.
“This partnership is a milestone for Madison Street Capital and Madison Street Capital India,” said Jaydip Sinha, Managing Director, Madison Street Capital, and head of the firms operations in India. “As the first investment banking firm to partner with the IICA, we look forward to assisting and educating middle and lower middle market companies on the need for strategic and expert consultations on the formulation of business plans, developing sustainable business models and financial modeling.”
Attracting over 50 companies, Madison Street Capital India has already held one workshop with the IICA. Focusing on business sustainability tools for a SME cluster of marble manufacturers and traders who are exploring new business opportunities, the workshops covered:
“We are seeking to develop entrepreneurial excellence within our business community with a special emphasis on ethical business management practices,” said Divya Rajput, Head of the IICA’s Center for Business Innovation and IT. “This partnership will facilitate the sharing of intellectual capital and professional expertise through continuing education conferences, seminars, and forums.”
“The skill sets we assist in developing will advance the growth of India’s middle market and lower middle market companies,” said Deepak Jeslani, Assistant Vice President at Madison Street Capital India.