Raaja Kanwar: Taking the unusual path to expand Apollo

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Raaja Kanwar: Taking the unusual path to expand Apollo

Raaja Kanwar always had the option to join his family’s USD 1 billion tyre manufacturing business, but he chose to turn to the path of diversification instead. CNBC-TV18's Shereen Bhan caught up with him to talk to him about digital cinema, his latest diversification in to the logistics space and succession plans at Apollo.

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Q: What kind of investments are we talking about as far as this business is concerned, this business is pretty capital intensive, your acquiring land, you are setting up infrastructure?

A: Up till now we have two locations one of them just opened about four months back and so far we have invested close to about Rs 150 crore in this business and we have already started locating more land all throughout India.

Q: You have started in Panvel, Vishakhapatnam is up next, where else are you going to be headed?

A: We have a roadmap, we have Chennai, we have Cochin, and we have certain areas in Gujarat that we are looking at. We are looking at very seriously places like Indore and Ludhiana and the NCR region.

Q: So what kind of investments are we talking about for the next five years into this business?

A: The investment plan today is at about Rs 1400 crore.

Q: From where is that coming in from?

A: We are working on different kind of models where we are looking at structuring the business in a certain way where you are able to raise money through venture capital or through private equity.