Blackstone Group, a PE firm, invested 150 crore in Manish Khera led FINO, for a minority stake. Advised by Ernst & Young, the funds will be used for the overall growth of the company and meeting long-term capital requirements. FINO which was founded in 2006, is led by Manish Khera, CEO and Director. FINO povides an innovative electronic platform for banks and microfinance institutions involving the use of biometric smart cards, hand-held devices and Micro Deposit Machines, to perform field operations and biometric authentication.
http://www.business-standard.com/article/press-releases/manish-khera-ceo-of-fino-selected-as-young-global-leader-2011-by-wef-111031000121_1.html
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