This project is still under review by the EWS. Project information and/or project analysis may be incomplete.
Everstone III (IFC-35855)

  • India
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Investment Amount (USD)
Not Disclosed
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Other Related Projects
Primary Source

Original disclosure @ IFC website

Disclosed by Bank Sep 30, 2014

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.
The proposed project is an investment in Everstone Capital Partners III LP, a Singapore limited partnership (&#8220;ECP III&#8221; or the &#8220;Fund&#8221;), which will invest in equity and equity-linked instruments of companies that have significant operations in the Indian sub-continent and cater to or benefit from Indian domestic consumption and infrastructure development expenditures across various sectors. <br><br>ECP III is the successor to Indivision India Partners (&#8220;Fund I&#8221;), a $425 million 2006 vintage fund, and Everstone Capital Partners II (&#8220;Fund II&#8221;), a 2010 vintage fund with $580 million in capital commitments.
People Affected By This Project
People Affected By This Project refers to the communities of people likely to be affected positively or negatively by a project.
Private sector development: Providing scarce equity capital to unlisted companies, as well as creating value in investees through capacity building, improving corporate governance and transparency, providing operational and financial expertise, supporting evaluation of new business opportunities and building strategic business partnerships. <br>Job creation: Fund will invest in mid-market companies and scale them into national and regional leaders, leading to job creation at a rate greater than the national average. <br>Environmental, Social and Governance (&quot;ESG&quot;) Standards: The Fund will adopt and transmit IFC''s ESG standards across investees, thereby contributing to sustainable economic development.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.
ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at You can learn more about the CAO and how to file a complaint at

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