Frontline Strategy's IIG Fund Invests USD 7 mn in Krishna Saa Fabs

-- First-generation entrepreneur-driven company makes structural
products for high-demand infrastructure sectors such as
telecom, national highways, airports, ship-building.

-- "Unique company with customer base across multiple core
infrastructure sectors"--Atim Kabra, Managing Partner,
Frontline Strategy.
MUMBAI, India--(Business Wire)--
Mauritius-based Frontline Strategy Ltd, a Fabiani Family
Office-anchored asset management company with prime focus on private
equity investments, today announced an investment of USD 7 million in
Krishna Saa Fabs Private Limited.

Krishna Saa Fabs fabricates structural engineering products used
in the high growth infrastructure support sectors of telecom, national
highways, airports, and ship-building. The company's products include
telecom and power utility towers; galvanized products for earth
reinforcement, which are used in national highways and airport
runways; and galvanized products used in ship-building.

An early mover in its business space, Krishna Saa Fabs has won
several orders from large EPC contractors for core infrastructure
projects, examples being galvanized steel products for National
Highways Authority of India projects and earth reinforcement steel for
the recently inaugurated Bangalore International Airport.

COMMENT BY ATIM KABRA, MANAGING PARTNER, FRONTLINE STRATEGY

Krishna Saa Fabs is a unique company with a diversified customer
base across multiple core infrastructure sectors, said Atim Kabra,
Managing Partner, Frontline Strategy. "Being an early mover, and
having demonstrated the ability to supply large volumes of high
quality products, Krishna Saa Fabs will be a key beneficiary of the
fast-growing demand for finished steel products in the infrastructure
sector. Our investment in Krishna Saa Fabs conforms to Frontline
Strategy's focus on companies that are driven by dynamic entrepreneurs
and offer significant scale-up opportunities," Mr Kabra said.

COMMENT BY N DORASWAMY, MANAGING DIRECTOR, KRISHNA SAA FABS

In Frontline Strategy, we have found a partner that has an
excellent strategic understanding of our business space and will
support us in organizational scale-up across our focus sectors. Right
from the beginning, even before they decided to invest, Frontline
Strategy's team has been pro-active and supportive on matters relating
to emerging opportunities and growth strategy," said N Doraswamy,
Managing Director, Krishna Saa Fabs.

ABOUT FRONTLINE STRATEGY

Founded in 2000 and anchored by the Fabiani Family Office,
Frontline Strategy Limited (www.frontlinestrategy.com) is an asset
management company with primary focus on private equity investment.
Frontline Strategy's investment team includes Atim Kabra, Supratim
Basu, Sanjay Bhattacharya, and J Venkatadas, with a collective
experience of over 100 years in public and private equity, banking,
and company operations.

Prominent investments of Frontline Strategy's first fund vehicle,
Strategic Venture Fund (Mauritius) Ltd, include: CBay Systems &
Services, Inc, an early-stage Frontline Strategy investment, and the
largest provider of outsourced knowledge processing services for the
global healthcare industry, after the acquisition of MedQuist, Inc;
Astra Microwave Products Ltd, a manufacturer of high-end microwave and
RF-based components for defense, space and civil telecom applications;
Titagarh Wagons Ltd, India's leading private manufacturer of railway
wagons; Alfa Transformers Ltd, a manufacturer of power, distribution
and furnace (specialty) transformers; Shilpa Medicare Ltd, among
India's leading specialty pharmaceutical manufacturers, primarily
focusing on custom synthesis and oncology APIs.

ABOUT KRISHNA SAA FABS

Based in Tirupati in India's Andhra Pradesh state, Krishna Saa
Fabs Private Limited is engaged in the fabrication and galvanizing of
materials used in the erection of towers for power transmission,
telecommunication, and windmills; earth reinforcement steel used in
roads and bridges; and ship-building. Manufacturing facilities include
individual units for fabrication, steel re-rolling and galvanization.

Krishna Saa Fabs' customers include large private telecom tower
operators, state-run electricity boards, shipyards, and various large
EPC contractors for national highways and airport runways.

Frontline Strategy
Sanjay Bhattacharya, +91-22-24911034 or +91-9919987438
sanjay@frontlinestrategy.com
or
Ubiquus
Dev Chandrasekhar, +91-9821070043
d.chandrasekhar@ubiquus.com

Copyright Business Wire 2008