Milestone Capital Advisors Ltd. has announced that it will be concentrating on exits in its effort to push its business back on track. The plan is led by Rubi Arya, the wife of Milestone Capital founder. Ms. Arya is the current director at Milesone Capital and owns close to 90% shares of the financial services firm.

"We are very clear that we want to first focus on exits from our investments. In the last two years, we have returned INR970 crore to investors and we are looking at another INR700 crore of exits in the next six months," Arya said in an interview.

Ms. Arya and her management team chose to focus on exits instead of offering the Mumbai-based firm up for sale. Property specialists pointed the planned sale of the company may not have gone through anyway due to a potential mismatch in appraisal between the firm and potential buyers. Arya explained, "There were buyers, but they were not doing total justice to (what) Ved had built." Milestone Capital founder Ved Prakash Arya died in an accident in August 2011.

A key exit deal to look out for will be a likely acquisition of a commerical park in Mumbai by Blackstone Group for INR1,001 crore.