On behalf of Reliance AMC, I would like to thank the entire team at JM Financial for the impressive work done to successfully close our landmark transaction, the first IPO by Asset Management Company, of Rs. 1,542 crores. The strong commitment and dedication displayed by JM Financial team in ensuring an exceptional debut of Reliance AMC on the stock exchanges was truly admirable.

I would like to thank the entire team at JM Financial for the impressive work done to successfully complete our maiden QIP of Rs. 1,400 crore. Being the sole banker to the QIP, the enormous effort put in by JM Financial is commendable.

We appreciate JM Financial’s efforts in ensuring the timely completion of the QIP documentation, which helped us to be in a state of readiness for launching the issue at short notice.

JM Financial’s deep understanding of the Company and the sector helped position Bajaj Finance appropriately to the investor community. Further, JM Financial’s extensive investor reach and robust distribution capabilities helped us build a strong demand book with marquee global investors.

The timely communication of the investor feedback and identification of the correct window enabled us launch and consummate the QIP successfully.

Keep up the excellent work and look forward to our continued association.

The successful completion of the Coal India Limited Offer for Sale on 30th January, 2015 which garnered Rs. 22,557.63 crores has created history, being the largest disinvestment of any public sector enterprise in India. It is even more noteworthy since this mammoth transaction took place in a single day. Behind every success story is a team that works with dedication, appropriate technical knowledge, commitment to the cause and the ability to put in a herculean effort so as to achieve the goal. As a member of the team that contributed towards this success, I would like to congratulate you and all your staff that worked with us.

The team from JM Financial have done an outstanding job of conceiving, guiding and executing a complex three party transaction involving the sale of Geometric Ltd and its subsidiaries in two parts viz. to HCL Technologies and Dassault Systems.

The team led by Prakash Chellam was always available, highly pro-active and willing to get into details and go the extra mile to ensure we got a fair value and treatment, while at the same time driving discussions to speedy conclusions.

Moreover the top management was always willing to get involved to guide the transaction along. All in all, kudos to the team from a very satisfied customer

JM Financial was instrumental in TransUnion increasing its stake in CIBIL to achieve majority ownership. JM guided TransUnion across purchase offers and negotiations with 13 different institutional sellers, ultimately closing 6 separate transactions while maintaining consistent terms across all. Beyond the excellent financial analysis and negotiation one expects of a top investment bank, JM's extensive network of relationships, high degree of customer service and relentless attention to detail enabled our success. TransUnion could not be more pleased with our selection of advisors for this process.

I would like to take this opportunity to thank the team at JM Financial Institutional Securities Ltd for their support and guidance in relation to the IPO and after-market support to SH Kelkar.

On behalf of SH Kelkar, I express great satisfaction with the competence, dedication and professionalism displayed by the JM Financial team. We could not be more pleased with our selection of advisors for this process.

It was a great pleasure working with the JM Financial team.

I would like to take this opportunity to thank the team at JM Financial Institutional Securities Limited(“JM Financial”) for their support and guidance in relation to the successful QIP of the Bank in 2010 and 2012.On behalf of the Bank, I express great satisfaction with the competence, dedication and professionalism displayed by the JM Financial team. It is certainly recognized by the Bank that the JM Financial team has spared no effort to achieve the success of our QIP issuances. It was a pleasure working with the JM Financial team

I would like to take this opportunity to thank the team at JM Financial for their support and guidance during Kennametal Inc's recent successful sale of Kennametal India Limited shares through the Offer for Sale process. Equity offerings are, by their nature, complicated transactions requiring dedicated resources for financial advisory services and analysis, investor relations and marketing, regulatory compliance and documentation, and project management. The strong working relationships developed between the Kennametal teams in the US and India and JM Financial were instrumental in overcoming obstacles and addressing the challenges of the project.

We recognize that there are many people who work behind the scenes and contribute to the success of any project, and I would like to thank the JM Financial team, for their individual and collective contributions to Kennametal. We wish them and the firm much success in their future endeavors and look forward to the opportunity to work together on matters of mutual interest.

The team at IDFC Limited appreciates the commitment and persistent hard-work of your team at JM Financial to successfully complete the domestic only QIP for IDFC Limited. Your constant feedback and advice throughout the transaction ensured that we were aware of all possible scenarios, facilitated timely decision making and has enabled to get a step closer on our journey to transforming to a full-service bank. Thank you once again for your commendable work.

Timken India Ltd had to comply with the SEBI regulatory requirement by reducing majority shareholders stake from 80.2% to 75%. We were delighted that the IPP process was successful and the issue has been oversubscribed five times. Timken India in turn was also able to raise fresh equity to the tune of Rs. 512 million. We would therefore say that Timken India is now in compliance with the regulation. This would not have been possible without all the support and engagement from the JM Financial team.

We would like to take this opportunity to thank the team at JM Financial who have made this a huge success. We are pleased and appreciate the level of engagement and professionalism the team has shown.

I would like to take this opportunity to thank the team at JM Financial Institutional Securities Ltd (JM Financial) for their support and guidance in relation to the Pre IPO, IPO and after-market support to Repco. On behalf of Carlyle, I express great satisfaction with the competence dedication and professionalism displayed by the JM Financial team. They helped in maximizing value both for the company and investors. JM Research and Sales team guided Repco throughout the process both with ideation and seamless execution. Carlyle could not be more pleased with our selection of advisors for this process. It was a great pleasure working with the JM Financial team.

We are extremely satisfied with the successful outcome of our recent de-listing offer to minority shareholders in Atlas Copco (India) Ltd. In our mind JM Financial played an absolutely crucial role in the whole process.

From the outset we assumed that success in this project was far from certain and during the process we learned that there were even more challenges than we originally imagined. It is clear that JM Financial did a great job combining professionalism, creativity and dedication. We are truly impressed and grateful, and want to extend a special thanks to the team at JM Financial.

It was a pleasure working with this team and we look forward to doing more business with JM Financial.

The JM Financial team in Singapore invested in a multi-year relationship to identify and help diligence assets in the engineering services space. We were impressed by Prakash Chellam and his team’s vertical knowledge and their contributions helped Bain Capital Private Equity close its investment in QuEST Global earlier this year.

On behalf of the entire deal team at Diageo, I would like to take this opportunity to sincerely thank JM Financial team for their incredible support and advise throughout this landmark transaction. JM Financial offered us a perfect blend of necessary local expertise along with international standard of execution and thereby ensuring smooth consummation of a truly multi-faceted and highly complex transaction. We thank JM Financial for playing an integral role in ensuring success of this important transaction and we look forward to work together on matters of mutual interest in future.

During the past six months l have, together with my colleagues, had the pleasure of working together with the team at JM Financial to achieve the de-listing of Alfa Laval (India) Limited.

I would like to express the great satisfaction on behalf of Alfa Laval on the competence, dedication and enormous effort shown by the JM Financial team in this exercise. It is certainly recognized by Alfa Laval that the team at JM Financial have spared no effort in order to achieve success in this project.

JM Financial Singapore Pte Ltd advised the Modernform Group Thailand on the sale of its shares in MFEC to ITHD Japan. We were very pleased with the services provided by JM Financial Singapore Pte Ltd, their strong understanding of technology services, and the ability to bring in a good Japanese partner.

TI would like to take this opportunity to place on record our sincere appreciation for the commendable work done by you to help us successfully close the transaction relating to the acquisition of Welspun Renewable Energy Pvt Ltd. This transaction, which perhaps is the largest in the renewables space in India, is of significant strategic importance for Tata Power. The commitment, knowledge and experience that you brought to the table in executing this complex transaction was impressive.

On behalf of the MMFSL,I would like to thank you and your team at JM Financial Institutional Securities Limited (JM Financial) for the excellent work done for the successful QIP issuances of MMFSL in 2011 and 2012. We are pleased and appreciate the level of engagement and professionalism the team has shown. The timeliness with which the team worked and delivered is appreciated by the entire team at MMFSL. It was a pleasure working with the JM Financial team

We worked with the JM Financial team in Singapore for the strategic sale of Foliage Inc. It was a great experience interacting with the dedicated team of senior professionals, led by Prakash Chellam from Singapore, that they had formed to work on the transaction. We were impressed with their deep understanding of the technology domain and their ability to reach international buyers. The efforts of Prakash and his team made the transaction happen. We wish the firm much success in its endeavors.

On behalf of HDFC Bank, I would like to thank you and the entire team at JM Financial for the impressive work done to successfully complete the largest ever domestic only QIP by an Indian private sector bank in a timely and professional manner. We would like to appreciate the hard work, constant support and the swiftness with which you were able to launch this unique QIP within hours of receiving the requisite regulatory approvals, while ensuring efficient and effective execution and a tight pricing. Keep up the good work.