Arohan Financial Services Limited | Annual Report 2021-22

Maj Invest Financial Inclusion Fund II K/S Maj Invest is a Danish asset management company with about USD 18 bn under management, providing services in asset management and private equity. With headquarters in Copenhagen, Denmark, the company employs more than 108 highly skilled professionals worldwide. Maj Invest was founded more than 17 years ago and is fully owned by management and employees. The financial inclusion business area is one of the severalbusinessareasofMajInvestandoperates onMaj Invest’s regulated institutional platform with its own dedicated team supported by the legal, finance, and administrative departments. The financial inclusion team of eleven people is based in Copenhagen and in regional offices in Lima, Peru and Mumbai, India. Maj Invest Financial Inclusion Fund II K/S (Fund II), was established in 2015 and has invested in seven companies around the globe. TR Capital III Mauritius TR Capital is a leading secondary private equity investor in the Asia Pacific region. TR Capital provides liquidity solutions to owners of private equity assets through single asset and portfolio transactions. The firm makes significant investments in innovative leaders in the Technology, Next-Generation Consumer and Healthcare sectors across Asia. TR Capital is an active investor, working closely with its portfolio companies to optimize their business models and capital structures. Since its inception in 2007, TR Capital has closed four flagship funds, managed total capital commitments of USD 1 bn and completed 38 secondary investments. TR Capital’s sophisticated investor base includes sovereign wealth funds, pension funds, asset management firms, entrepreneurs, and family offices. The firm’s 26 professionals are based in offices in Hong Kong, Shanghai, Shenzhen and Mumbai. The firm is management owned and independent. Michael & Susan Dell Foundatio n (MSDF) The Michael & Susan Dell Foundation is dedicated to transforming the lives of children living in urban poverty in the United States, India, and South Africa through its various activities. 43 Annual Report | 2021-2022 Key Differentiators