Leading GPs and LPs confirmed are
Raghav Bahl is the Head of Investments for India at the Alibaba Group where he oversees the company’s investments in BigBasket, PayTM and XpressBees. Prior to joining Alibaba, Mr. Bahl was a Vice President with Bessemer Venture Partners, India. While at Bessemer, Mr. Bahl was closely involved with the firm’s investment in BigBasket, Swiggy, TaxiForSure (merged with OlaCabs), PharmEasy and Travel Triangle. Mr. Bahl has over 8 years of experience in investing in consumer internet and software startups.
Mr. Bahl holds an MBA from the Indian School of Business (ISB), Hyderabad, with a major in finance. While at ISB, Mr. Bahl won the ‘Exchequer 2010’, an annual finance competition organized by IIM Ahmedabad in which 25 of the top Indian business schools participated. He was also a winner of the 2010 Deloitte Consulting Case Challenge. Mr. Bahl earned his bachelor’s in technology from the Indian Institute of Technology (IIT), Delhi.
Follow Mr. Bahl on his blog at www.thenetwortheffect.com
A global strategic leader in public companies, currently President at Reliance Jio and part of the central management of India’s largest consumer conglomerate in telecom and retail, also leading its foray into payments, digital advertising and e-commerce.
Previously MD India of Aimia Inc., the world’s largest data-driven marketing company. He has built and sold businesses in marketing, Nectar and analytics, Fractal, and has also been a successful entrepreneur in luxury retail, investment banking, IT and security. He is one of India’s earliest venture capitalists, with an active family office portfolio, including 2 unicorns, InMobi and Myntra.
An Alumnus of University of Pittsburgh and Harvard Business School. Also Co-President, Harvard Club of Mumbai and a national award-winning photographer.
Ravi Lambah joined Temasek in 2012 and is currently Head, India and Global Head of Telecom, Media & Technology.
Prior to this role, Ravi was the Chief Operating Officer of ST Telemedia, an investor-operator with a significant global portfolio of telecom and media assets. His role comprised overseeing the investments and operations of the company, which is also a 100% owned subsidiary of Temasek.
Ravi has over 28 years in the financial and investment banking industry in the Asia-Pacific region, 15 of which were with Credit Suisse, Jardine Fleming and Citigroup.
Ravi is a Chartered Accountant and a Cost and Management Accountant. He holds a Bachelor’s degree in Commerce and Economics, from India’s University of Bombay.
Neeraj Bharadwaj is the Managing Director of Carlyle India Advisors Private Limited, focused on large growth capital and buyout opportunities across sectors in India. He is based in Mumbai.
Prior to joining Carlyle in 2012, Mr. Bharadwaj was a Managing Director with Accel Partners’ growth investing operation in India. Before that he was with Apax Partners for nearly 10 years, as a Partner in the United States and subsequently as Managing Director/Country Head for Apax in India, where he led the India operations. Investments he has been involved with include Apollo Hospitals, Jamdat, Widerthan, NXP and others. Previously, Mr. Bharadwaj was an engagement manager at McKinsey & Co.
Mr. Bharadwaj was selected as a Board Member of the Indian School of Business, a Young Global Leader of the World Economic Forum, Board Member of Olympic Gold Quest, and Member of the Harvard Business School South Asia Advisory Board
Mr. Bharadwaj serves on the boards of Global Health Private Limited, Metropolis Healthcare, VXI Global Solutions and Delivery Logistics.
Mr. Bharadwaj holds an MBA with distinction from Harvard Business School, and graduated summa cum laude with a BS in economics from The Wharton School of the University of Pennsylvania.
Deepak Bhawnani is the founder of Alea International Consulting Pvt Ltd in 2003. Owing to the superior service standards provided to its clientele, Alea has built a far-reaching corporate intelligence gathering network that spans across Asia and other parts of the world.
Mr. Bhawnani began his career in 1987 in London, UK and garnered unique expertise in due diligence, fraud investigations, international asset searches, hostile takeovers and security consulting. From 1994 to 2003, he was based in Asia with Kroll Inc., for whom he strategized and personally launched the first ever multi-national corporate intelligence set up in India.
A member of the Association of Certified Fraud Examiners (ACFE) and the American Society for Industrial Security (ASIS), Mr. Bhawnani has been a speaker at venture capital groups, banks, senior managements, Chambers of Commerce and other groups in Hong Kong, India and Japan. Currently, he is actively involved in major assignments at Alea International Consulting.
Since its inception, Alea International Consulting has delivered due diligence and fraud investigation services in a discreet and effectual manner. Alea has successfully extended its network and built partnerships with companies in major cities of India, along with Hong Kong for South East Asia.
Mr. Bhawnani’s experience, spanning 25 years in partner due diligence, proves invaluable to clients across Asia.
Tim Burroughs is managing editor of Asian Venture Capital Journal, having joined the publication in May 2011. He is responsible for all editorial content put out under the AVCJ brand, including Asian Venture Capital Journal, AVCJtv, AVCJ Awards and AVCJ.com. Tim previously spent five years at China Economic Review, serving as editor-in-chief and then editorial director. Located in Greater China since 2003, during which time he has lived in Beijing, Qingdao and Hong Kong, Tim has been a China-based contributor for publications including The Sunday Times, Sunday Telegraph, BBC and China Daily. Prior to moving to China, he trained and worked as a journalist in the UK. He was honored at the Society of Publishers in Asia awards in 2007, 2008 and 2010, and at the State Street Institutional Press Awards - Asia in 2012.
Anurag Das is CEO of IARC, a Blackstone-led ARC that manages its Indian distressed investments. Over two decades in the field of distressed and credit investing, he has led investments in some of the most complex global insolvencies. Earlier, he was managing partner of Rain Tree Capital, Head of Asia-Pacific at King Street, and worked in the US with King Street and Bain Capital Credit. Involved from the outset with India’s insolvency reforms, he writes an occasional expert column, has been invited before the Joint Parliamentary Committee, IBBI and a judicial colloquium, and serves on the Board of Governors of INSOL India. Mr. Das received an MBA from Harvard, a BA in Philosophy, Politics & Economics as a Rhodes Scholar from Oxford, and a B.Sc. in Physics from St. Stephen’s College, Delhi.
Udai Dhawan is a Founding Partner and Head of India Private Equity at Affirma Capital, and is based in Mumbai.
Prior to Affirma Capital, Udai was Managing Director and Head of India for Standard Chartered Private Equity (SCPE). Having joined SCPE in 2008, Udai was responsible for building the India franchise and was involved with several of the fund’s investments. Prior to SCPE, Udai worked for over a decade in corporate investing, M&A and corporate finance, across India and the United States with JP Morgan, Sabre Inc., Kotak Mahindra Capital and Arthur Andersen. Udai has 24 years of financial services experience, and serves on the Executive Committee of the IVCA, India’s premier private equity industry body.
Udai has an MBA from the Wharton School, University of Pennsylvania and is also a chartered accountant from the Institute of Chartered Accountants of India.
Dominic Goh joined HarbourVest in 2012 and focuses on secondary investments. This includes analyzing, structuring, and monitoring a wide range of secondary transaction types.
Dominic was previously at Coller Capital where he evaluated secondary opportunities, and contributed to deal sourcing and fundraising efforts in Asia. Prior to that, he was an investment banking associate at ABN AMRO London in the Financial Institutions Group.
Dominic received a BSc (First Class Honours) in Accounting & Finance from the London School of Economics and Political Science in 2005. Dominic is fluent in Mandarin.
Neha Grover has over 13 years of private equity experience focused on the private equity space. In her current role, she is the Regional Lead of IFC’s South Asia Practice of PE & VC Funds where she is responsible for evaluating and closing investments in Funds. Prior to joining IFC, Neha was Principal and India CFO at Baring Private Equity Partners India where she covered various sectors for evaluating investments, finance, fundraising and structuring. Neha was named in the ’40 under 40’ list of Alternate Investment Professionals in India and also in the ‘India’s Top 100 Women In Finance’ by Association of International Wealth Management of India. She has also served on the Board of companies like BPEP India and Sphaera Pharma India.
She is an all-India rank-holding Chartered Accountant, a Company Secretary, and holds a Bachelor’s degree in Commerce and an MBA from the Indian Institute of Management (IIM), Lucknow.
Amit Gupta is a founding Partner of NewQuest and oversees the firm’s India and Southeast Asia business as well as investments in the power and financial services sectors. Amit has nearly 20 years of industry experience.
Prior to co-founding NewQuest, he was a Director at Bank of America Merrill Lynch's (BAML) Asia Private Equity group where he led the India business and oversaw investments in the energy and financial services sectors across the Asia Pacific. Amit has also served in other roles in BAML, including Corporate Principal Investments based in Hong Kong and Investment Banking based in Mumbai.
Prior to working at BAML, Amit was a software engineer based in Mumbai and the United States. Amit has an MBA from Indian Institute of Management (IIM), Bangalore, where he was placed on the Director's Merit List for his performance, and an undergraduate degree in electrical engineering from REC Kurukshetra, where he received the University gold medal. Amit is fluent in English and Hindi.
Gopal Jain, is Managing Partner and co-founder of Gaja Capital, an India focused private equity firm based in Mumbai. Founded in 2005, Gaja Capital manages USD 500m in assets & invests in high growth companies from India’s mid-market. Gopal has led several of the Firm’s investments in sectors including consumer, education and financial services. Gopal has been investing in Indian equities since the age of thirteen and has been a professional investor in the Indian capital markets for 26 years. In addition to investing, Gopal leads Gaja Gives – the firm’s giving program that supports social enterprises, charities and NGOs in education, urban renewal, public governance and sports. He is currently member of SEBI’s Alternative Investment Policy Advisory Committee and Indian Private Equity and Venture Capital Association’s Executive Committee. Gopal is a Graduate in Electrical Engineering from IIT Delhi.
Kanchan Jain has 22 years of experience across financial markets in Europe & Asia across deal origination, structuring, underwriting, portfolio & risk and fund raising. Prior to joining BPEA Ms. Jain spent 8 years focused on the mid-market corporate sector in India, most recently heading & managing Indian Private Debt Fund at Religare Credit Advisor Private Limited (RCAL), and prior to that as Chief Risk Officer & Board member for Religare Finvest Limited, a mid-market focused NBFC, responsible for managing risk across all businesses. Before joining Religare, Ms. Jain worked for 10 years in London as Managing Director at HSBC, and prior to that as Director at Barclays Capital in the Structured Credit business. Before her time in London she worked in debt capital markets covering Asia, based out of Hong Kong with Peregrine Fixed Income Limited across debt syndication, loan trading & risk function.
Ms. Jain has lived and worked in India, Hong Kong & the UK and holds a Bachelor’s degree in Electronics Engineering from VNIT and MBA from Indian Institute of Management, Calcutta.
Motoya Kitamura is a Managing Director with HQ Capital focused on investments in private equity funds, through secondary transactions as well as on a primary basis, and on co-investments with funds in Asia. He divides his time between HQ Capital’s offices in Hong Kong and Tokyo.
Prior to joining HQ Capital in 2019, Motoya was a managing partner and investment committee member with secondaries specialist firm AB Value Capital, based in Tokyo. Motoya has been working in private equity investment and fund manager research for more than 20 years, including as a co-founding partner of ROC Partners, formed in a management buyout of the Macquarie Group’s Asian private funds business.
A native of Japan, Motoya holds a master’s degree from The Johns Hopkins University and a bachelor’s degree from Osaka University of Foreign Studies.
Mr. Sanjay Kukreja is Partner & CIO with ChrysCapital and is part of the core team that helped the firm scale from a startup to India’s leading private equity firm with over $4 billion under management in twenty years. Mr. Kukreja joined ChrysCapital in April 2000 and currently leads the Business Services, Financial Services and Manufacturing verticals for the firm. Mr. Kukreja has been on the board of several companies such as Infogain, Hero FinCorp, KPIT Technologies, Liquid Hub, Shriram Transport Finance Company Ltd, Titagarh Wagons Limited etc. He has led several high-profile investments of the firm such as HCL, Infosys and Cyient and has also worked extensively on managing exits for ChrysCapital, where ChrysCapital has been an industry leader.
He holds an M.B.A. from the Indian Institute of Management, Bangalore and a Bachelor’s degree in Economics from Shriram College of Commerce, Delhi University and has also attended Executive Leadership Course for top management from Indian School of Business, Hyderabad.
Pramod Kumar is the Managing Director and Head of Banking for Barclays in India, and is based in Mumbai.
Pramod has over 25 years of investment banking experience spanning across M&A, ECM and Leveraged Finance. During his long career in banking, Pramod has had the responsibility to cover several sectors, including Industrials, FIG, Infrastructure, Consumer/Retail/Real Estate, Metals/Mining, etc. Prior to joining Barclays, Pramod spent over 9 years with Citigroup and was the Managing Director responsible for Industrials and FIG sectors, based in Mumbai.
Having worked on several complex transactions across a variety of sectors, Pramod has an impressive experience and knowledge across M&A and equity capital markets. Some of his notable transactions include Walmart’s acquisition of Flipkart, Sale of logistics business in India to DP World (Dubai), Yokohama’s acquisition of Alliance Tires, Sale of Welspun Renewable to Tata Power, ADIA’s investment into a toll road platform in India, Abertis’ acquisition of toll road assets in India, Sale of Tasty Bites to Kagome, Japan, Cipla’s acquisition of Invagen in the US, KKR’s acquisition of Alliance Tires, Advent’s acquisition of Crompton Greaves Consumer business, Carlyle’s sale of Tirumala Milk to Lactalis of France, Tata Motors' acquisition & financing of Jaguar Land Rover (JLR), MSAD’s acquisition of NY Life stake in Max New York Life, Metlife’s induction of PNB into Metlife JV in India, JV Advisory for UB Group with Heineken, Sale of L&T's RMC business to Lafarge, and several equity and convertible bond raisings for clients including Tata Motors, State Bank of India, L&T, HDFC, Axis Bank, GMR, United Spirits, Ranbaxy, DLF, etc. Besides, he also structured and executed several innovative instruments like NCD +warrants issue for HDFC, NCD + warrants + Equity issue for Bharat Forge and FCCB +GDR issue and Exchange offer of FCCBs for Tata Motors.
Pramod is a graduate in Commerce (Hons) from SRCC, and an MBA in Finance, both from Delhi University
Dr. Lall has served on numerous committees of the Government and the RBI, including the Raghuram Rajan Committee on Financial Sector Reforms; High Powered Expert Committee for Urban Infrastructure; the High Level Committee on Financing Infrastructure; and the Expert Committee on Modernisation of Indian Railways. He served as India’s representative to the G-20 Working Group on Infrastructure and is Member of the National Council of the CII, ASSOCHAM; the Asia Business Council; the City of London Advisory Council for India; the Advisory Board of Columbia University Global Centers, South Asia; The Founders Circle, Brookings, India. He is the Convenor of the Social Impact Council of India and the Founder Chairman of Lok Foundation.
Prior to Chairman IDFC Bank, Dr. Lall was variously, Founder MD & CEO, IDFC Bank; Executive Chairman, IDFC Limited; a Partner with Warburg Pincus in New York; Head of Asian Economic Research with Morgan Stanley in Hong Kong; a senior staff member of the World Bank, Washington, D.C. and the ADB in Manila. He has a BA in politics, philosophy and economics from Oxford University, and a Ph.D. in Economics from Columbia University.
Yogesh Mahansaria is a leading Indian Entrepreneur, with experience of over 25 years in establishing & scaling-up global manufacturing businesses. He started his career at Balkrishna Industries Ltd., where he identified the opportunity to enter the global Off-Highway Tyres market. As the CEO of Balkrishna Tyres (2000-2006), he drove the increase in revenues for the tyre business from $20 million to $125 million, and increased profitability significantly.
In his second entrepreneurial venture, Mr. Mahansaria and his father got together with Warburg Pincus LLC to establish Alliance Tire Group, with the acquisition of Alliance Tire Company, in Israel. This was followed by the establishment of ATC Tires Pvt. Ltd, to set up greenfield Off-Highway Tyre manufacturing plants in India, and subsequently, the Group acquired the Off-Highway Tyre distribution assets and brands of GPX International Tire Co of USA in 2009. In a short span of time, Mr. Mahansaria built the Group from an idea into one of the world leaders in Off-Highway tyres, with revenues approaching $600Mn, team of 5,000 employees and network of over 2,200 customers across 120 countries. On 1st July 2016, The Yokohama Rubber Co. Ltd, Japan, one of the world’s leading tyre & rubber group acquired 100% equity of ATG from KKR, the Mahansaria Family & other shareholders.
The Mahansaria Family has now promoted two manufacturing ventures: Mahansaria Tyres Pvt Ltd, which is building an Off-Highway Tyre plant in Gujarat. SYAM Trelleborg Tires LLP, a JV with the reputed European Multinational, Trelleborg AB, to setup a plant for making two-wheeler tyres for India & the global markets.
Mr. Mahansaria also serves as a Director on the Boards of – Avendus Capital Pvt Ltd (Leading financial services provider, focussing in areas of financial advisory, capital markets, wealth management and alternative asset management), FSN E-Commerce Ventures Pvt Ltd (Operator of online beauty & wellness store, nykaa.com), 321 Education Foundation (Philanthropic organisation, focused on improving the quality of education for children of low-income communities)
Eric Marchand is Principal within the Private Equity team. He joined Unigestion in August 2012. Mr. Marchand began his career in 2003 with General Electric in the company's corporate finance and audit departments across various businesses. He then took over responsibility for GE Capital Equity's European funds portfolio and financial services investments. In 2010, Mr. Marchand joined CDC Group as Investment Manager focusing on the firm's Asian funds portfolio. Mr. Marchand holds a MSc in Management from EM Lyon business school in France and an undergraduate degree in Management and Applied Economics from the University of Paris Dauphine.
Shankar Narayanan, formerly the Managing Director & Co-Head of Carlyle Asia Growth Partners, is founder of Sanaka Group.
Mr. Narayanan was associated with Carlyle for over last 13 years and has been in private equity since 1993. Mr. Narayanan has unique distinction of having run some of the investee companies as a CEO with a very practical perspective of growth and challenges across industries.
While in Carlyle, he has led and advised investments such as Claris Lifesciences, Elitecore Technologies, Repco Home Finance, Tirumala Milk Products, Edelweiss Financial Services, South Indian Bank, Cyient. He has also successfully delivered exits from some of these investments.
Prior to joining Carlyle in 2004, among others he was with Deutsche Bank Capital Partners, based in Hong Kong, as a Director covering South Asia and India. Prior to Deutsche Bank, Mr. Narayanan was Managing Director and CEO of Hathway Investments in India. In his private equity career, he was involved in a number of prominent private equity investments such as Johnson Tiles, Exide Industries, Prism Cement, Hathway Cable, Asianet Satellite Communications, Pushpa Polymers, Tata Infomedia and AFL Limited and served on the Board of Directors of all these Companies.
Mr. Narayanan started his career with Citibank in Mumbai. He is MBA from XLRI having distinction of being Gold Medalist in Finance and B.Tech from IIT Delhi. He is currently on the Boards of Sanaka Capital HK Advisors, Sanaka Capital Investment Managers, Sanaka Capital Growth Fund, Sanaka India Advisors and Visionary RCM Infotech.
Prior to founding A91 Partners, Mr. Abhay Pandey (Abhay) was a Managing Director at Sequoia Capital India Advisors Private Limited from 2008-2018, which he joined in June 2007. At Sequoia Capital India Advisors Private Limited, Abhay’s has partnered with passionate founders in Consumer and Healthcare sectors focused on a on a few themes, including, creating challenger brands in large categories, supporting superior execution capabilities in massive market opportunities and building companies in new emerging categories. His investment track record and board positions include Vini Cosmetics, Indigo Paints, B9 Beverages, Faces Cosmetics; PI Industries (NSE: PIIND), La Renon, Koye Pharmaceuticals, Curatio Healthcare, Akumentis Healthcare, ASG Eyecare; and Awfis, MedGenome Inc, iBahn Illumination. Prior to Sequoia Capital, Abhay worked as an investment banker with DSP Merrill Lynch (2004-07) and as a management consultant at McKinsey & Co. (Mumbai and Johannesburg) offices (1996-2002) where he served leading clients in media, industrials and automotive verticals on a wide range of strategic and operational issues.
Abhay received his PGDM (MBA) from Indian Institute of Management Kolkata (1996) and a B. Tech in Computer Science and Engineering from IIT Bombay (1993).
Abhay is passionate about supporting philanthropy and giving back to society in education. He is a founder sponsor at Ashoka University, and a Trustee of BECT, a charitable trust for primary and secondary education. He also serves on the Board of IIM Kolkata Innovation Park.
Ruchira Shukla is the South Asia Regional Lead for Disruptive Technology Investments at the International Finance Corporation, World Bank Group. She oversees IFC’s investments in early stage technology businesses as well as VC Funds, and represents IFC on the boards of several startups. She has over 25 years of experience across venture capital and private equity investing, strategy consulting, and investment banking across Asia, US and Europe. Her sector focus spans consumer internet, B2B eCommerce, healthcare technology, edutech, elogistics and emerging technologies.
Ruchira studied at IIT Delhi and IIM Ahmedabad in India. She also graduated as Palmer Scholar from The Wharton School, University of Pennsylvania and is a Chartered Financial Analyst.
Manas Tamotia is a Partner in L.E.K.’s Southeast Asia practice and is based in Singapore. He has more than 14 years of experience in strategy consulting in Asia-Pacific, Europe and the Americas. Manas advises major corporations on strategy, mergers and acquisitions, and restructuring. During his career he has worked across a number of different industries but possesses extensive experience in private equity, building products and materials, energy (power and utilities), airports and food and beverage.
Wen Tan is a senior investment professional and investment committee member in Aberdeen Standard Investments’ Asia Pacific private markets division, which encompasses infrastructure, private equity and real assets. Mr. Tan started his career as a chartered accountant with KPMG's financial services division in London where he worked primarily with Asia Pacific banking groups including HSBC and Standard Chartered. He subsequently moved into investment banking as an M&A banker with Lazard, initially as an execution specialist across a range of sectors and then as a specialist in the financial institutions group. Mr. Tan moved to the alternative assets buyside in 2004 when he joined a Hong Kong family office, Search Investment Group, and has since focused purely on investing in illiquid alternatives. Mr. Tan was a Partner at FLAG prior to joining Aberdeen Standard Investments via the firm’s acquisition in 2015. Mr. Tan is conversant in Mandarin, Cantonese and Bahasa Malaysia, and holds a BA from Cambridge University.
Vivienne Watganai is a Vice President in Hamilton Lane’s Fund Investment Team, based in the firm’s Hong Kong office.
Prior to joining Hamilton Lane in 2015, Vivienne was an Analyst with GE Capital’s Structured Finance team in Hong Kong where she underwrote Asian leveraged finance and corporate lending transactions.
Vivienne received a B.A. in Economics from New York University.