Nestled in a quiet South Bangalore suburb, the office of N.S. Raghavan, among the earliest early stage investors in the country, is bubbling with activity.
The 67-year-old, one of the seven founders of Infosys Ltd, is formalizing the investment structure of his Nadathur Group, which will now have four segments.
Kick-starting the shift in momentum, the Nadathur Group’s Silver Needle Hospitality arm is preparing to launch an international $100 million resort and business hotel chain.
The Singapore-headquartered firm, has already acquired properties in Bali in Indonesia, Sri Lanka and Bangalore. “We are looking at acquiring a hotel chain in Australia. We are in talks; it’s too early to say anything more about it,” Raghavan said in an interview.
The hospitality chain’s core markets will be India, Sri Lanka, Vietnam, Indonesia, Thailand, China and Cambodia, he said.
In addition to developing properties on its own, Silver Needle Hospitality is open to forming joint ventures under which it will hold management control for 15 years. It aims to have 10,000 rooms under management in five years.
Raghavan began early-stage investing in 2000 after retiring from Infosys as a joint managing director. He has been backing start-ups in an informal structure mostly without taking positions on the boards of portfolio firms.
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