Family Offices

Arihant Patni

Priyavrata Mafatlal

Dr. Rajiv Agarwal

Rajiv Agarwal holds a Ph.D. from Birla Institute of Technology & Science, Pilani, with a focus on Family Managed Businesses in India. He holds a master’s in management from S. P. Jain Institute of Management & Research, Mumbai (SPJIMR), and has pursued ‘The Owner / President Management Programme’ from Harvard Business School.

His research and teaching expertise is in Strategy, Family Business, and Entrepreneurship. His research enthusiasm is reflected through a series of intellectual contributions in journal publications, authoring books and book chapters, periodicals, simulations, and media publications.

In his career spanning 30 years, he has held senior executive roles with organisations in the electronics industry, simultaneously pursuing his passion for teaching management education. He is a professor and chair of Strategy and Innovation at SPJIMR.

Girish Singhi

Girish Singhi is a seasoned professional in private equity real estate (PERE) with over 14 years of experience. His expertise spans the entire spectrum of fund and investment management, including acquisitions, asset management, operations, and divestment, across all major real estate asset classes such as residential, commercial, hospitality, warehousing, and data centers. 

Girish has played a pivotal role in the deployment of over $800M of equity capital in India across various structures, including land acquisitions, joint ventures, joint development, forward purchase, brownfield, greenfield, and completed assets. He has also been involved in raising over $900M of equity capital for residential and commercial assets in both private and public capital markets.

In addition, Girish is passionate about creating new ventures/platforms across the capital stack in different asset classes. He brings a unique perspective to real estate investing and is dedicated to driving innovation in the field. With an engineering degree from Delhi University and an MBA from FMS, Delhi, Girish has a solid academic foundation to support his practical experience.

Kanchi Gandhi

Kanchi is a senior advisor in the Estate Planning business, and heads the team nationally. The business is engaged in offering succession and estate planning solutions to private clients.

She has done extensive work in the area of succession planning; advising HNI families with diverse assets and interests in planning multi-generational structures.

She has 17 years of overall experience in banking and financial services.

Kanchi joined Kotak Mahindra Bank in 2008. Prior to joining Kotak, Kanchi was associated with the equity research team at CNBC TV18.

She is a Chartered Accountant. When she is not advising clients, Kanchi is engaged in reading and
spending time with her family

Mohit Chawla

Mohit runs his single family investment office, Bimtek group, in India.

Bimtek Group is a Single Family Investment Office across Capital Markets (Public, Private Equities), Real Estate (commercial, residential), Infrastructure (logistic parks, warehouse), and early stage venture investments across geographies.  Our sector and stage agnostic fund, Bimtek Capital, invests across Public (listed) and Private (unlisted) Equities, Debt (Capital markets) as well as direct early stage investments across consumer technology focused businesses in India. We’re also LP investors in blue chip Venture Capital, Private Equity funds.  Read more about us here: www.bimtek.co.in

The  Founder, Managing Director, Mr. Mohit Chawla, is an alumni of Indian Institute of Technology Roorkee, Stanford University and HEC Paris School of Management. Prior to launching the family office in 2019, Mohit has been an investment banker with Goldman Sachs, Morgan Stanley in London and a Fund manager with Asia's largest Infrastructure Private Equity firm - Equis Funds Group (GIP). He’s a featured profile in Forbes publication on “Young Leaders of the Future, 2017”

Nitai Utkarsh

A Financial Services professional with deep expertise in Family Office and the Investment Advisory space, Nitai is the Lead for Investment Strategy and Chairman’s Family Office at Hero MotoCorp Ltd., world’s largest two-wheeler manufacturer.

Nitai has been exposed to different aspects related to running Family Offices and investing in various asset classes. He has been actively participating in capital markets globally over more than two decades, giving him years of rich experience and an extensive network. Over time, Nitai has led multi-functional teams at Private Banks, Institutional and Boutique, Multi and Single Family Offices.

One of the first professionals to work on the Multi-Family Office concept in India, Nitai was key to developing and executing the first commercial launch of an MFO offering in the country. Having set up teams and processes for pioneering Multi-Family Office firms and subsequently for large Single-Family Offices, Nitai has spearheaded many firsts in the Family Office space in India.

In addition to multi-asset capital market investments across the globe made over the last two decades, Nitai specializes in early-stage investment transactions. He has invested in sectors as diverse as air purification, electric vehicle manufacturing, co-living, edtech, social media, ride sharing, logistics SaaS, mobile entertainment, sports tech, consumer products, rooftop solar, EV charging infra, B2B business platform, last-mile mobility, smart kitchen devices, and more.

Nitai has set up two large Single-Family Offices from ground up, laying down frameworks around family constitution, wealth structuring, estate management, family business lifecycle, succession planning, legal, taxation, and accounting overview, and global cross-jurisdiction matters.

Nitai holds a degree in engineering from the Indian Institute of Technology and MBA from the Indian Institute of Management.

Hari Buggana

Hari Buggana is the Chairman and Managing Director of InvAscent – a Private Equity firm focused on Indian healthcare, pharma and medtech industries with AUM of ~ $500Mn and 33 investments to date.

Prior to establishing InvAscent in 2005, Hari was a management consultant at McKinsey & Company.  During his stint at McKinsey, Hari primarily worked with life sciences businesses in US, Europe, and India on a variety of issues ranging from corporate strategy, mergers & acquisitions, product-market strategy, R&D productivity, organizational effectiveness, and operations improvement.

Prior to joining McKinsey, Hari worked as a scientist in the Pharmaceutical Products Division of Abbott Laboratories, USA.

Hari has an MBA from Kellogg School of Management, Northwestern University and a M.S. in Chemical Engineering from Illinois Institute of Technology, Chicago, USA.

Arvind Agarwal

With two decades of experience in PE/VC investing, Arvind is a seasoned Alternative Investment Professional focusing on Social Impact Investing.

As the CEO at C4D Partners, he heads the global operations of the C4D Asia Fund and takes pride in supporting and building organizations that make a positive difference to society and simultaneously create wealth for the stakeholders.

Arvind also serves as a director and advisor for 9 (Nine) plus portfolio companies, wherein he provides strategic guidance to the companies.

Before joining C4D Partners, Arvind worked with organizations like Abu Dhabi Capital Management, Goldman Sachs, and Evalueserve India Private Limited.

Navjot Kaur

Navjot is an Associate Director at Epiq Capital that has backed companies such as Lenskart, Curefit, Parkplus, Dailyhunt. Navjot has invested across angel, early and growth stages in India. She recently raised a $225M fund to invest in the tech Nifty50 companies in the making.

Prior to Epiq, she was with Fireside Ventures where she invested in consumer startups and also built the operating ecosystem to support portfolio companies. Navjot served on the boards of Design Café, Vahdam, Kapiva, Pipa Bella, Yogabar, Gynoveda, Pilgrim, Traya, and Nat Habit.

Prior to Fireside, Navjot was an operator at BookMyShow, and earlier, she led a 100 member team to create a global SAAS based global database for the PE and VC ecosystem. Navjot holds an MBA from Indian School of Business and graduated St. Xavier’s College, Kolkata.  When Navjot is not talking to entrepreneurs, she is often found learning a new meditation practice.

Benaifer Malandkar

A seasoned financial markets professional, Benaifer Malandkar is the Chief Investment Officer at RAAY Global Investments- the family office of the Amit Patni Group of Patni Computers. The promoter family divested their stake in May 2011 to I-Gate Corporation at USD 1.5 bn. She is responsible for investment management of the group including identification, evaluation, deal execution, and monitoring every investment across a gamut of diverse asset classes including public markets.

Additionally, she has served as a Director on the Board of Bombay Shirt Company and an advisor to the Board of Waterfield Advisors, a fast growing Multi Family Office firm. She has also served as a Director on the Board of Nirvana Venture Advisors, a Digital & Internet Venture Fund and currently is a Board Director at AD Ventures, a music content and live events company as well as a Board Director at Web Talkies Pvt Ltd, a regional content creating company.

Benaifer’s forte lies in end-to-end setting up of new businesses and following that up with a robust performance. She has a demonstrated track record in identifying early stage and unlisted company investments, succession planning, and estate management. She has raised funds for early stage and mid stage companies, and been instrumental in the leading the business strategy for a few ventures to achieve sustainable profitability. A well networked professional, she is recognized for business and market intelligence, a critical skill in the investments field. 

Across the multiple organisations that she has worked in, including Citibank, ICICI Prudential AMC, Royal Bank of Scotland (RBS) and SMIFS securities, she has consciously chosen new roles, thereby wide-basing her exposure and proficiency. With experience of over 22 years in various corporates she has gathered considerable understanding and comprehension of portfolio management, equity and debt markets, asset management, and retail & private banking industries. 

She is often invited to speak at national and international industry events of repute and often writes opinion pieces in various publications. Benaifer received her post graduation degree in Masters in Business Administration from JDBIMS, Mumbai.

Karthik Athreya

Mr. Karthik Athreya, Director and Head of Strategy for Alternative Credit, is a financial services professional with over 22 years of experience across principal investing, funds management, investment banking, corporate finance, assurance, and transaction diligence services. He heads Sundaram Alternates’ (SAA) private credit team which manages Assets over USD 225 million in a short span of 5 years, across real estate and private credit.

Prior to SAA, Karthik led the India business of Clearwater Capital Partners, a pan Asian special situations fund since 2007 and oversaw over a billion dollars of investment in India across secured lending, offshore private credit, deep restructurings, private equity, and real estate investing.

He was instrumental in the set up and build out of Clearwater’s high yield Assets-backed lending NBFC platform that built close to USD 400 million balance sheet profitably. Prior to Clearwater, Karthik was a founder employee and a Director of Investment Banking at YES Bank.

He worked as a Director in the Investment Banking business of Rabo India Finance, a subsidiary of Rabobank Nederlands. Prior to this, Karthik worked in the Corporate Finance group of Arthur Andersen and with PricewaterhouseCoopers in their assurance & transaction advisory business.

Kunal Shah

Kunal Shah has over 14 years’ experience in the field of Indian tax and regulations.

He advises clients in the private equity and venture capital space (domestic and foreign), including real estate, infrastructure and debt funds, onshore and offshore fund structures, distribution waterfall, structuring of earned interest and tax due diligence. He has wide experience in the area of laws including Income tax, Corporate law, Foreign Exchange laws, FDI Policy, SEBI regulations, NBFC regulations, etc.

Kunal helps clients obtain regulatory approvals and tax certificates for investments or exits, and advises them on tax due diligence, and restructuring of their Indian businesses, profit repatriation strategies and capital structures, including waterfall sharing and transaction-related tax negotiation, at the time of exits, etc. He also advises NBFCs, portfolio managers, stock broking organisations, mutual funds, merchant banks, asset management companies, etc., on tax and regulatory matters. In addition, he works closely with leading financial services players and industry bodies in  their representations to policy-makers and tax authorities.

Kunal has a postgraduate degree  in Law and is also a Chartered Accountant.

Ntasha

Pallavi Joshi Bakhru

Pallavi has over 30 years of experience spanning solutions and clients in different sectors. She was the Head of Tax at a large $ 15 Billion natural resources group for five years and worked closely with the Promoters and assisted with growth strategies.

Currently, Pallavi is the Head of the Private Client Service offering at Grant Thornton Bharat and also heads the UK Corridor, In 2015, Pallavi was recognized as one of the Top 10 Women in Tax in India by the International Tax Review.

Her specialties include corporate tax, litigation, including being a part of a team that ran an international arbitration under Bilateral Investment Treaty (BIT), tax structuring and regulatory matters pertaining to FEMA.

Over the years, she has 

• simplified the global structure of some large groups
• institutionalized a royalty payment system 
• resolved some high-pitched tax litigation and 
• done Advocacy

Pallavi works closely with Promoters on critical aspects of business, including decisions related to 

• business restructuring / evaluate reducing ETR for promoters
• succession planning
• she has helped clients re-organize their business and take their geographic footprint overseas.
• help draft a Family Constitution 
• acquire second residences overseas
• set up and manage Family Offices

Her clients range from large listed to privately held companies and high-net worth-individuals.

Sector Experience
Natural resources, consumer and retail, aviation, manufacturing, and education

Professional qualifications and memberships
Fellow Member of the Institute of Chartered Accountants of India

Member, Indian Institute of Corporate Affairs

Pallavi sits on the Boards of two listed and 3 unlisted Companies as an Independent / Non-executive Director

Parthiv Kamdar

Parthiv is a Partner with Deloitte’s direct tax practice with over 15 years of experience. He specializes in M&A and has vast experience of advising clients on succession planning, promoter level restructuring, corporate restructuring, domestic and cross border M&A, capital restructuring, post-merger/ acquisition global integration,, etc. from a tax & regulatory perspective.

He has led and managed engagement for several large, complex, multinational clientele, including large Indian multinational having presence in various overseas countries. These companies included large listed companies and large business houses in India.

He has authored articles on various subjects such as Limited Liability Partnerships Act, Substantial Acquisitions of Shares and Takeover Code, etc. He is also a speaker at various seminars conducted by professional bodies such as ICAI and ICSI.

Preet Matani

Ramashrya Yadav

Mr. Ram Yadav, Founder & CEO, of Integrow Asset Management, is an alumnus of Harvard Business School. He is a leading proponent of India’s real estate industry with a deep interest in bringing transforma onal change to the sector. Mr. Yadav has over 20 years of experience in Construc on, Real Estate, Banking & Investment. He has built mul ple businesses from scratch. His thought philosophy is firmly rooted in mul ple small steps aggrega ng to quantum leaps and exponen al impact.

Integrow Asset Management, is India’s first real estate-focused asset management company. Integrow is at the forefront of the financializa on of Real Estate assets of every class and aims to democra ze ownership by ensuring every Indian has a Real Estate Wallet. He is also a board member of India’s first listed Proptech Company Aurum Proptech, which has several investments in property technology companies in areas of CRM, Block chain, Frac onalized ownership, Metaverse, Co-Living and Co-working so ware pla orms. Prior to this, he was CEO of Real Estate Advisory Prac ce, Edelweiss Financial Services Ltd.

Radhika Rajan

Radhika is a results-oriented financial-market professional with over 20 years of profit-responsible experience, primarily in New York. Ms. Rajan has focused on India as an investment destination since 1999, when she became the New York based Executive Vice-President of Mphasis, an Indo-US IT services startup, which is now a leading IT services company. 

Prior to joining DSP, she advised TCG and several other private equity groups on various companies and proposed investments in the US-India corridor. Prior to 1999, Ms. Rajan worked as a global-macro proprietary trader at JP Morgan (formerly Chemical Bank), Itochu, UBS, Bank of America and Bank of Montreal. 

Radhika Rajan graduated from the Indian Institute of Technology, Bombay and also holds an MBA equivalent degree from India’s top-ranked business school, the Indian Institute of Management Ahmedabad. She was a National Science Talent scholar through her undergraduate and graduate years. Ms. Rajan is an invited author of “The Global Internet Economy,” a book published by MIT Press in 2003. She is an Executive Board Member of TIE Tristate, the New York based chapter of TIE.

Radhika is a results-oriented financial-market professional with over 20 years of profit-responsible experience, primarily in New York. Ms. Rajan has focused on India as an investment destination since 1999, when she became the New York based Executive Vice-President of Mphasis, an Indo-US IT services startup, which is now a leading IT services company. 

Prior to joining DSP, she advised TCG and several other private equity groups on various companies and proposed investments in the US-India corridor. Prior to 1999, Ms. Rajan worked as a global-macro proprietary trader at JP Morgan (formerly Chemical Bank), Itochu, UBS, Bank of America and Bank of Montreal. 

Radhika Rajan graduated from the Indian Institute of Technology, Bombay and also holds an MBA equivalent degree from India’s top-ranked business school, the Indian Institute of Management Ahmedabad. She was a National Science Talent scholar through her undergraduate and graduate years. Ms. Rajan is an invited author of “The Global Internet Economy,” a book published by MIT Press in 2003. She is an Executive Board Member of TIE Tristate, the New York based chapter of TIE.

 

Saurabh Jhalaria

Saurabh has 20+ years of experience across the credit and financing business in Asia and has been part of the founding team at lnCred Group since 2016.

Saurabh is the CIO for alternative credit strategies for lnCred Capital and also looks at the SME lending business at lnCred Finance, the NBFC arm.

Prior to joining lnCred, Saurabh was a Managing Director at Deutsche Bank leading the private financing and performing credit business for India and Southeast Asia. He was running a team of 25 analysts and structurers split across India, Singapore and Hong Kong and was responsible for the direct lending, leverage, and acquisition financing and holdco financings.

Prior to this, Saurabh worked for Deutsche Bank in Hong Kong as part of their private equity business focused on Indian markets. He started his career at ICICI Securities in their investment banking services.

Saurabh has post graduate diploma in management from 11M Bangalore, is a CFA charter holder and an undergraduate degree in commerce and accounting from St Xavier's College, Kolkata.

Shalil Gupta

Shalil is responsible for research, events and training business that assists clients in improving their capabilities in key process areas. Before this, Shalil was ‘AVP, Research and Consulting’ at IDC India. He has an extensive senior level experience in the ICT industry that enriches his strategic engagements with companies. A much-sought-after speaker at international forums, Shalil also invests his time in leading innumerable focused group discussions in India. With his specialization in the BFSI sector, he covers an array of topics including emerging technologies, digital enterprises, industries and IT sourcing and servicing in his speaking engagements.

Shalil's role extends beyond delivering qualitative research content, and includes preparing forward-looking assessment and analysis and sharing market insights and predictions with senior management teams. He has worked in India, London, Edinburgh, Ireland, Western Europe, Hong Kong, Singapore, Malaysia, and Taiwan. During his time in these organizations, he has driven the development of enterprise level technology strategies, managed large transformation and IT programs, and played a leading role in a post-merger IT integration of two banks in the United Kingdom.

A graduate of Computer Science, Shalil holds a postgraduate (MBA) degree from the Indian Institute of Foreign Trade (IIFT), a leading business school in India.

Siddharth Kothari

Siddhartha Saraf

Sumegh Bhatia

Sumegh is a capital & financial market professional with two decades of experience in financial markets. In his last role as Executive Director with Avendus Capital, he was responsible for managing a profitable vertical within the Wealth Management business. He has previously worked as a Sr. Market Director with Reliance Capital and has been instrumental in setting up a profitable private wealth business for the ADAG group and spent 6 years in building a $500 MM Private Client Business in India.

He has also worked with Citi Private Bank as Vice President, heading the Investment advisory vertical in the year 2010. He was instrumental in setting up the PMS business for ING Investment Management in India as Vice President & Zonal Head in the year 2008 before joining Citi Private Bank. He has worked with organizations like Citibank, GE Money Consumer Finance & American Express across various business verticals.

Vivek Tolat