KAFCO BACKWATER is a mid-market investment bank with key focus on consumer, retail and manufacturing segments. KAFCO BACKWATER is formed by merging the investment banking business of KAFCO and BACKWATER, firms with more than 30 years of collective investment banking, corporate finance, and growth consulting experience in sectors ranging from traditional retail, manufacturing, consumer, IT & ITES, and hospitality across India and the GCC regions. The firm is head quartered in Kochi, Kerala


Felix Augustine

A Cost Accountant with more than 25 years of experience in advising clients across sectors in the areas of growth, capital raising and exit, Felix is passionate about consumer / FMCG industries and has guided more than 100 business houses through their life cycle often involving multiple instances of capital raising and exits. He has been involved in the M&A and PE/VC funding advisory from 2006

Jose Joseph Mekkalath

A Chartered Accountant with 23 years of experience, Jose worked with the big4 advisory firms [Assurance practices of Deloitte and PwC, and M&A practices of KPMG and EY] for more than a decade before founding Backwater Capital in 2009. Jose specialises in deal generation & lead advisory, and has been part of more than 50 transactions across sectors and regions


We are delighted to share our latest transaction in the consumer space.


KAFCO BACKWATER works with entrepreneurs in shaping the growth of their businesses / facilitate exits. Our services are:

Capital Raising

We work with growth companies in raising institutional capital [Series A onwards] from Private Equity, Venture Capital and Family Offices


We work with entrepreneurs and family offices in identifying the right course of action in terms of acquisitions and exits, and the timing of the same

Enhancing Transaction Readiness

We closely work with companies and their ownership to keep them transaction ready

Our approach

We believe in walking the talk with our clients from the word GO, and keep a client centric approach in everything that we do. Our typical engagement starts with working with the client’s leadership in clearly defining the problem statement, bringing clarity to the solution often with the help of industry / sector experts and progressing to a capital raising / M&A exercise. We help the companies to be transaction-ready through different diagnostic and advisory interventions.


We are always on the lookout for team players with strong analytical and interpersonal skills seeking exciting opportunities in investment banking. Please write to us at info@kafcobackwater.com if you are interested in joining our high-performance team.