Shyam Maheshwari: ‘Opportunities In Local Markets Would Again Become More Attractive When The Russia-Ukraine Conflict Normalizes’

Mr. Shyam Maheshwari serves as Chief Executive Officer, Founder and Partner of SSG Capital Management (Singapore) Pte. Limited, and is primarily responsible for SSG’s investment activities in India. He has 17 years of experience in the deal sourcing, analysis and investing industry. Previously, Mr. Maheshwari served as a Senior Member of the Lehman Brothers Asia Special Situations Group primarily responsible for making principal investments in India, where he oversaw the efforts to build the India business and initiated pan-Asian ventures in mining and power assets with a focus on Indonesia.

Mr.Shyam Maheshwari-founder and partner of SSG Capital Management

Shyam Maheshwari SSG possesses excellent business acumen, expertise in investor relationship management and team-building skills with dexterity in mentoring and managing large deal sourcing and business operation teams. Shyam Maheshwari talks about the impact caused by the Russia-Ukraine conflict on India. According to him, even before the conflict began in Ukraine, the expected rise in US interest rates was creating pressure on emerging markets including India.

Russia – Ukraine war has impacted the economy of most countries in the world, in one way or the other. Shyam Maheshwari identifies the effects of the conflict on the investment industry in India. The hardening of interest rates could cause some stress in the retail credit. The conflict has aggravated the short-term market situation in India, Maheshwari asserts. Russia was investment grade and had a significant presence in most of the bond indices. They are in unchartered waters here. Shyam Maheshwari doubts whether the sovereign would be able to honour their commitments despite having reserves to do so.

Shyam Maheshwari feels that this situation is creating forced liquidation of portfolios, margin calls and low liquidity in secondary markets. However, he believes that as the fundamentals of India are remaining strong, the impact of high oil prices may slow the growth rate but should still keep them at attractive levels. The off-shore credit markets are very attractive at present to acquire India related risk on higher-quality names. As this normalizes, the opportunities in local markets would again become more attractive, Maheshwari hopes.