PROJECT

Projects

Summary of Investment Information

Project Number

43564

Company Name

ONSITE ELECTRO SERVICES (PVT) LTD

Date SPI Disclosed

May 21, 2020

Country

India

Region

South Asia

Projected Board Date

Jun 19, 2020

Environmental Category

C - No Impact

Status

Active

Last Updated Date

Sep 20, 2020

Department

Equity Portfolio Management

Industry

Financial Markets

Previous Events

Approved : Jul 15, 2020
Signed : Sep 2, 2020
Invested : Sep 15, 2020

Sector

General Insurance (Non-Life)

Project Description

IFC is considering an equity investment in Onsite Electro Services Pvt. Ltd. (“Onsitego” for short), a provider of extended warranty and after-sales services for appliances and consumer electronics (ACE). Onsitego has recently launched annual maintenance contract (AMC) services for appliances.                                                  

Associated Advisory Engagement

                       

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation