With a stable government at the centre focusing on capital market reforms, aiming to reach households with two bank accounts each, ease of access to credit for MSMEs, single window clearance for projects, regulator throwing in their hat by allowing more & more private investments in the financial services sector, it’s interesting to know what the road ahead is for India’s Financial Services industry? How are the players adopting new business models? How to attain new-age customer demands? Which sub- segments of the financial services story are most attractive and which parts are pulled back on account of regulatory constraints?
To answer all of this and much more, VCCircle is launching 2nd edition of VCCircle Financial Services Investment Summit 2014. The conference will congregate top and leading CEO’s from banks, NBFCs, financial inclusion, stock broking, insurance, advisory, wealth management sector besides private equity investors, M&A experts, bankers, legal experts and regulators who are the driving financial service space.
The summit will cover wide array of topics such as:
8:30am - 9:40am
Tea, Networking & Registration
9:40am - 9:50am
Introductory Note
9:50am - 10:35am
Panel I: Opportunities driving entrepreneurship in Indian financial services industry
With a stable government at the centre focusing on capital market reforms, aiming to reach households with two bank accounts each, ease of access to credit for MSMEs, single window clearance for projects, regulator throwing in their hat by allowing more & more private investments in the financial services sector, what will be in store for emerging entrepreneurs? Are investors betting on companies who aspire to emerge as one stop shop vis-a-vis enterprises sticking to the focused business segments? Is consolidation the new growth driver for financial services industry? Can we see more of such M&A deals happening? Post organizational restructuring, what are the drawbacks faced by the entities? How difficult it is for a financial institute to show a deep, liquid and strong financial play?
Shankar Narayanan - MD, The Carlyle Group
Prashant Purker - Executive Director, ICICI Venture Funds Management
Harvinder Singh - Chairman & MD, Satin Creditcare Network Limited
Brahmanand Hegde - MD & CEO, Vistaar Financial Services Pvt Ltd
Praveen Chakravarty, SEBI Committee on Primary Markets And Board advisor, TVS Capital (Moderator)
10:35am - 11:00am
Keynote Address: By Leo Puri - MD, UTI Asset Management Co. Ltd
11:00am - 11:30am
Tea & Networking Break
11:30am - 11:55am
Special Address: By V Vaidyanathan - CMD, Capital First Ltd
Entrepreneurship in Indian Financial Services - A first-hand experience.
What are the opportunities? Easy to wade in, tougher to swim. What are the landmines, and how to deal with the uncertainties that come with it in terms of capital, partnerships, regulatory and economic environment. What are the common myths and realities. Mr. Vaidyanathan, Chairman, Capital First Group, will throw light on these beneath the surface issues.
11:55am - 12:40pm
Panel II: Identifying innovative solutions for achieving greater Financial Inclusion
How effectively can special category banks such as Payment banks, Wholesale banks, Small banks extend financial services to the unbanked population? Will the opening of new & niche banks solve the purpose? What are the opportunities for Micro finance institutions that have set up their base in the distant corners of the country? Is it a viable business? What is their contribution in improving the access to credit for the underserved? What are the other innovative financial delivery approaches to serve the disadvantaged? What choice of technology should be used for disbursement of payments? Which payment model is come out to be the right model for serving the low income group?
Samit Ghosh - CEO & MD, Ujjivan Financial Services Pvt Ltd
Ajay Desai - Senior President and Chief Financial Inclusion Officer, YES BANK Ltd
Raj Ahuja - CFO, FINO PayTech Ltd
Pramod Ahuja - Partner, Tata Capital Growth Fund (Moderator)
12:40pm - 1:40pm
Lunch & Networking
1:40pm - 2:25pm
Panel III: Associated risk & mitigation strategies, NPA resolution and reassessing the role of data & information in disciplining financial services space
Rising bad loans, constant asset-liability mismanagement seems to have paralyzed financial services industry at large; how to get error-free risk & mitigation strategies to help shedding away from the mounting problems of NPA's? What is the impact of NPA's on banks operations? Is the government seriously chasing this issue? How to get the credit rating of the product into the limelight before getting into serious lending action? How can rating agencies put forth an improved mechanism in place to keep a check on spiraling NPA issues?
Rajesh Mokashi - Dy MD, Credit Analysis & Research Limited
P Rudran - MD & CEO, Asset Reconstruction Company India Ltd
Anuj Bugga - MD, FTI Consulting India Pvt Ltd
Mohan Jayaraman - MD, Experian Credit Information Company (Moderator)
Sector focus panels
2:25pm - 3:05pm
Panel IV: Exchanges & Brokerages: Recognising opportunities amidst changing market sentiments
After the flurry of positive news such as sensex touching 26k, market sentiments changing, system getting cleaned up and regulatory framework setting in place, can we see retail investor re-gaining interest in the squeezing Indian stock broking industry? How long will it take for the stock broking house to cope up with declining trading volumes and struggling current valuations? Are the investors still in a fix who have invested in exchanges & broking houses? What are the new segments opened up by the exchanges to increase their market share?
Nitin Jain - CEO, Retail Capital Markets, Edelweiss Financial Services
Ashishkumar Chauhan - CEO & MD, BSE Ltd
Sudip Bandyopadhyay - MD & CEO, Destimoney Securities Private Limited
Praveen Chakravarty, SEBI Committee on Primary Markets And Board advisor, TVS Capital (Moderator)
3:05pm - 3:30pm
Tea & Networking
3:30pm - 4:10pm
Panel V: Future outlook for Infrastructure Financing Services
Boosting infrastructure investments seems to be on the top of the agenda for the Modi-led government. Will the new policy announcements fuel investments in the much stranded long term infrastructure space? With huge amount of fund getting locked up in specific large projects for longer duration, will the sector gain investor confidence in pulling in more money? How does the future look like? What new financial instruments can be introduced to match with the life of the projects?
Suneet K Maheshwari - EVP- Corporate Affairs, L&T Financial Services
Parvez Umrigar - Co-head, Structured Investments Group, Piramal Enterprises Ltd
Ashish N. Chandak - President Corporate Finance - Infrastructure Banking Group, YES BANK Ltd
Suvek Nambiar - MD & CEO, India Infradebt Limited
Sachin Johri - Partner, IDFC Alternatives (Moderator)
4:10pm - 4:50pm
Panel VI: Banks: Broader trends and regulatory framework driving Indian banking sector
Having Raghuram Rajan at the helm, can we expect RBI to open up new relaxation norms in speeding up businesses for the banking sector? How can uniform license regime for all broad based banks boost the financial ecosystem? What are the opportunities lying ahead for distressed public sector backs with the permission to raise more capital? How easy it can be for the public sector banks to raise money from the market? Can banks see ease of exit and high returns in the current environment? Are banks successful in wooing microfinance - dominated rural crowd?
Dr N. Kamakodi - MD & CEO, City Union Bank Ltd
R Gurumurthy - Head, Corporate and Institutional Banking, The Ratnakar Bank Ltd
Hetal Gandhi - MD, Tano India Advisors Pvt Ltd
Ashwin Ramanathan - Partner, AZB & Partners (Moderator)
4:50pm - 5:30pm
Panel VII: Road ahead for NBFCs & Housing Finance companies
Continuous de-growth in mortgage segment, ever surging funding cost, credit cost, rise in delinquencies have sharply affected the NBFC market, so to overcome the downfall, what measures can be taken to see a possible uptick in the NBFC growth? Which asset class can contribute to give life back to the NBFC? How can simplified registration process accelerate NBFC market? How are investors looking at NBFC as an investment domain? With rising demand, lot of companies are focusing on affordable housing as an offering product, where banks are seen leading the pack. Do we see retail housing loan business giving stiff competition to banks instead of banks offering lower interest rates? What is so unique about HFC’s, how aggressively HFC’s have built their portfolios? What class of investors invests in HFC segment? How supportive is NHB in augmenting this space?
Sanjay Agarwal - MD, Au Financiers Ltd
Dhanpal Jhaveri - Partner and CEO, Everstone Capital Advisors Pvt Ltd
Manas Tandon - Principal, TPG Growth India
Amit Khosla - MD,AB Capital Advisers Private Limited (Moderator)
5:30pm onwards
VCCircle Unwind
Continue the energy and networking of the day with more social time with top entrepreneurs and leading investors over cocktails.
Ajay Desai is Senior President and Chief Financial Inclusion Officer at YES BANK and is a key leader of Food & Agribusiness Research Management (FARM) vertical of the bank. He oversees Inclusive & Social Banking (ISB) & Microfinance Institutions Group (MFIG) teams. At ISB, he spearheads the financial inclusion initiatives including implementation of Financial Inclusion Plan as mandated by RBI. He is one of the key architects of “Frugal Innovations for Financial Inclusion (FI4FI)” approach of the bank, which has received several awards and accolades at national and global level. He has been a key contributor to several frugal innovation like YES Sahaj (Micro-ATM device), YES Money (Domestic Remittance Service) & YES LEAP (SHG Bank Linkage program).
Earlier as Country Head, Agribusiness Rural & Social Banking at YES BANK, he had spearheaded the Rural and Agribusiness lending of the Bank. He was instrumental in developing several structured financing deals to ensure Bank’s outreach to farmers, despite constrain of limited rural branch network.
Prior to joining YES BANK, he was a Chief Manager with Rural Micro-Banking & Agribusiness Group of ICICI Bank. He was instrumental in developing special lending program for rural cooperatives and developing new micro finance partnerships with small NGOs.
Prior to joining the Banking sector, he was working as a consultant to various developmental organizations like CARE India, BASIX, IDE –India & Indian Grameen Services.
Ajay holds PGDRM from Institute of Rural Management, Anand and Masters Degree in Agriculture from Konkan Krishi Vidyapeeth, Dapoli, Maharashtra. He has over 16 years of experience in various capacities across Rural Development and Banking Sector in India.
Amit is Managing Director of Asiabridge Capital since inception. Amit was also Chief Representative of Hana Bank in India from 2009 to 2013 and brings over 12 years experience having worked in New York, Hong Kong and India.
With strong domain expertise in Financial Services, Asiabridge invests in mid-size companies with high quality management teams. Investment expertise straddles financial services (including regional banking, consumer finance, housing finance, equipment leasing and capital markets) and consumer driven sectors such as IT enabled services (such as mobile banking, e-commerce / payment and loyalty platforms) and healthcare.
Previously, he established the India office for a global hedge fund in New Delhi covering private equity, real estate and special situations. Prior to that, he was with Actis Capital and was part of a team that was setting up the business of acquisition of distressed debt. With specialisation in financial institutions, he has worked in global investment banks JP Morgan Chase & Co and Fox-Pitt, Kelton in New York and Hong Kong.
Amit holds a Bachelor’s degree in Economics (with honours) (B.A. (hons) Eco) from Delhi University and a Master’s degree in Business Administration (MBA) from Kellogg Graduate School of Management, Northwestern University, Illinois, USA.
Anuj Bugga is a managing director in the Global Risk and Investigations practice of FTI Consulting and he is based in Mumbai. He has extensive experience in counterparty due diligence, vendor risk management, fraud investigations, employee screening and providing strategic risk mitigation solutions on a broad spectrum of issues and events.
Prior to joining FTI Consulting, Mr. Bugga was vice president in Morgan Stanley for seven years as the head of Corporate Security & Investigations, West Asia and Regional Security Audit Director, Asia Pacific. Prior to joining the corporate sector, he spent 16 years in the Indian Army as a combat engineer. As an engineer planning officer and field company commander, he was in-charge of planning and implementing engineering works involving multi-million dollar budgets. During his service in the Indian Army, he conducted complex investigations relating to counterfeiting fraud and the pilferage of military supplies and equipment. Mr. Bugga also served as a field intelligence officer.
Mr. Bugga is a Bachelor of Technology (Civil) and Bachelor of Science from Jawaharlal Nehru University in New Delhi, India
@anujbugga
Ashwin Ramanthan is a partner at AZB & Partners, Mumbai. He graduated with a B.A. LLB. (Hons.) degree from the National Law School of India University, Bangalore in 2000. He is registered as an advocate with the Bar Council of Maharashtra & Goa.
He began his career with ICICI Limited (the development finance institution that later merged into ICICI Bank) and joined AZB & Partners in 2004. He has been a partner at the Firm since 2007. Although he initial focus at the Firm was on banking and finance and structured finance transactions, his practice areas now include mergers and acquisitions, fund formation and private equity transactions as well. He is also active in the derivatives and aviation finance space. In recent times, he has advised Fairfax in its acquisition of Thomas Cook in India, The Royal Bank of Scotland in its sale of its mortgage and credit card businesses to Ratnakar Bank and PSP (the Canadian pension fund) in its acquisition of hydro power assets from the Jaypee Group, besides acting on a number of private equity growth investments in both publicly listed and privately held companies. He is also a part of the regulatory advisory practice at the Firm and regularly advises clients on banking and securities laws and regulations.
He has been recognized as a leading individual by Asia Pacific Legal 500 for Banking & Finance since 2012, by Chambers & Partners for Aviation since 2013 and Banking & Finance since 2014 and by Who’s Who Legal for Mergers & Acquisitions since 2013.
Ashish is the MD & CEO of the BSE Ltd., Asia's first stock exchange. He serves on the Board of ICCL, CDSL, BSE Training Institute, BFSI Sector Skill Council and Marketplace Technologies Limited. He is also a member of the Board of Governors of IIIT D&M, Jabalpur and a few SEBI committees. He currently is the Chairman of the Advisory Committee on Technology of FMC, member of several SEBI committees and has served on various other government and regulatory committees; CBDT and FMC, among others in the past. He is also a member of the Advisory Board of Lend a Hand India - a NGO working in implementing vocational skill development programs for rural and urban youth by providing them practical training at high school level. He is a member of the Capital Markets Committee of FICCI, National Council on Corporate Governance & Regulatory Affairs of CII and Financial Sector Development Council of CII.
He has recently been a recipient of the Zee Business award for business transformation.
Ashish has over 22 years of experience in Financial Markets and technology. Ashish was part of the 5 member team that set up NSE and set up NSE's equities and derivatives segments and created the NSE Fifty (Nifty) index. He was the Group CIO of the Reliance group and was ranked amongst the top 50 CIOs in the world by several magazines and institutions. He also headed the Corporate Communications for Reliance group in between and was the CEO of Mumbai Indians.
Ashish holds a B.Tech in Mechanical Engineering from IIT Bombay and PGDM from IIM Calcutta.
Ashish Chandak is the President - Corporate Finance, at YES BANK. In this leadership role, Ashish focuses on Urban Infrastructure, Manufacturing, Mining / Natural Resources sectors. His role includes business development, deal origination; ensuring successful deal execution and client relationship penetration with team development and management. He is also driving key knowledge initiatives on increasing YES BANK’s visibility in the financial, infrastructure and industrial sectors, while pursuing growth opportunities for YES BANK.
Prior to joining YES BANK he was with ICICI Venture as Director-Investments. He has over 19 years of investment banking and project financing experience, working on projects across several infrastructure sectors.
Ashish started his project financing career with L&T Finance Ltd., where he provided advisory and debt syndication support to several mid to large sized Infrastructure projects being undertaken by L&T on PPP basis. Subsequently, Ashish joined IDFC Ltd where he successfully handled various assignments in Risk Management and Project Financing groups, covering a variety of sectors including Energy, Telecom, Transport, Tourism, Healthcare & Education. He was also responsible for Business Development and Project Financing transactions in Industrial & Commercial Infrastructure space, wherein he played key role in executing several mandates in Commercial Realty, Urban Infrastructure, Tourism, Education, IT Parks and SEZs.
He is an avid trainer, and engages in providing training to various corporates on Project Financing with specific emphasis on Infrastructure Projects. He graduated in Electronics Engineering and received an MBA, securing a 1st Rank and Gold Medal in both.
Brahmanand is one of the Founders and the Managing Director & Chief Executive Officer of Vistaar Financial Services Pvt. Ltd. A Bangalore based NBFC focused on Small Business Lending.
Brahmanand is a 30 years veteran of rural banking and agricultural lending in India. He was director of Fullerton India’s rural banking since 2007. Prior to that, Brahmanand was part of ICICI group. During initial period he was part of project finance team responsible for implementing ACE programme funded by USAID, focused on post-harvest value addition for horticulture crops. Later, as Joint General Manager, Brahmanand ran ICICI’s rural banking group including Microfinance, Agri SME, Commodity Financing etc.
Brahmanand is a Post-Graduate with M.Sc from University of Agricultural Sciences, Bangalore and qualified CAIIB from Indian Institute of Bankers, Mumbai.
Dhanpal Jhaveri is Managing Partner - Private Equity at Everstone, an India and Southeast Asia focused Private Equity and Real Estate investor with approximately $2 billion of assets under management. Dhanpal’s expertise lies in hand-on leadership supported by over 23 years of experience in Investments, Strategy, M&A and Investment Banking.
Previously, Dhanpal has held senior leadership positions with Future Capital Holdings and Vedanta Resources, Head of Investment Banking at ICICI Securities, and as a Partner at KPMG.
Dhanpal holds a degree in Bachelor of Commerce from the University of Mumbai and an MBA from Babson College, Graduate School of Business, United States.
Hetal Gandhi Managing Director, Tano India Advisors Pvt Ltd. Mr. Gandhi is the former CEO for the financial services business of Infrastructure Leasing and Financial Services Limited (IL & FS), a well-known Financial Institution in India focusing on infrastructure financing and financial services.
Hetal has 16 years of experience in the entire spectrum of financial services business spanning private equity, investment banking and asset financing. Hetal recruited and managed the private equity team for IL&FS, and has led number of deals and exits. Prior to this, Hetal was engaged in Management Consulting for 3 years with AF Ferguson & Co.
Hetal is a certified member of the Institute of Chartered Accountants of India.
Mr. H P Singh is a law graduate and a fellow of The Institute of Chartered Accountants of India since 1984. He has over two decades of microfinance experience and pioneered the unique concept of daily collection of repayments of loans. Besides an expert in lending (especially microfinance) he has experience in the field of auditing, accounts, project financing, advisory services and company law matters. His financial engineering experience of almost three decades has helped the Company in operational strategy and efficiency.
He is actively involved in SCNL's day-to-day operations and has been a vital source of inspiration since the Company's inception in 1990. Under his leadership, SCNL has grown into one of the leading microfinance institutions in North India and continues to expand its operations. He has participated in HBS Accion Program on Strategic Leadership for Microfinance in 2009 and leadership program organized by Women's World Banking at Wharton Business School, University of Pennsylvania in 2011.
Mr. Leo Puri is the Managing Director of UTI Asset Management Co. Ltd. In his career of more than 30 years, he has previously worked as Director with McKinsey & Company and as Managing Director with Warburg Pincus. He has worked in the UK, USA and Asia. Since 1994, he has been based in India.
At McKinsey, he has advised leading financial institutions, conglomerates and investment institutions in strategy and operational issues. He has contributed to the development of knowledge and public policy through advice to regulators and government officials.
At Warburg Pincus, he was responsible for leading and managing investments across industries in India. He also contributed to financial services investments in the international portfolio as a member of the global partnership.
He did most of his schooling at Mayo College in India and has a degree in P.P.E. from New College, Oxford, and a degree in Law from St. John’s College, Cambridge.
He has held non-executive board positions at Infosys, Bennett Coleman & Co., Max New York Life and Max Bupa Health Insurance. He is a member of the CII National Council on Corporate Governance & Regulatory Affairs.
Manas Tandon joined TPG Growth in 2010 and is a Director based in Mumbai. Prior to joining TPG in 2010, Manas was a Vice President at Matrix Partners India where he led growth deals in Financial Services, Internet and Mobile. Previously he was based in Boston for many years and was part of the founding team of three successful technology start-ups.
He has an MBA from Wharton where he was a Palmer Scholar and a B. Tech. from IIT Kanpur. He has eight US patents to his credit and has authored several papers. Manas currently represents TPG on the boards of several portfolio companies including AGS, Flexituff and Sutures.
Mohan Jayaraman, Managing Director, Experian Credit Information Company of India Pvt. Ltd. and Country Manager, Experian India has been with Experian India since 2010. In this role, Mohan works closely with Experian’s global lines of business to ensure that the company’s world class credit bureau products, Decision Analytics, Marketing Services and Business Information Services are available to the Indian market. Experian India helps organisations to make informed decisions when interacting with their customers through the customer lifecycle and help them manage credit and the risk of fraud in their daily lives.
Prior to joining Experian, He was with ICICI Bank, where he held a number of senior management positions, most recently Joint General Manager, Head of Payment solutions & Enterprise Analytics. In his 8 year stint with ICICI bank he has also handled the retail portfolio buyouts & sell down business besides being involved in strategic buyout deals in the auto, two wheelers, commercial vehicles and the credit cards businesses. He has over 19 years of experience in banking and has been a member of various industry forums driving analytics and credit bureau usage in the Indian banking system.
Before joining ICICI Bank, He was Head of Credit & Operations for the FISAF (FIAT and Sundaram Finance Joint Venture), preceded by 5 years at Sundaram Finance. He graduated from Madras University in Chennai with Bachelor degree in Commerce before becoming a graduate member of the Institute of Cost and Works Accountants of India, from Kolkata.
Nitin Jain heads the Global Asset & Wealth Management Group at Edelweiss which advises Sovereign Wealth Funds, Pension Funds, Institutional Investors, Financial Sponsors, Owner/ Promoters, Family Offices, on investments as well as financing and funding strategies across domestic and offshore markets, comprising of over USD 6 Billion of assets under management. The business encompasses the entire range of asset management services focussing on Alternative Credit Strategies, Equity Mutual Funds, Multi-strategy Funds & Distressed Assets.
Nitin has played an integral role in the Edelweiss’ transformation from a boutique investment bank into a diversified financial services company, and is member of the core management committee. Highly regarded as a strategic thought leader within the group, extensive multi asset class investment experience across local and global markets.
Nitin is actively involved with EdelGive Foundation - the strategic philanthropic arm of the Edelweiss Group and is a part of their investment committee. Nitin has done his B.Tech. from Indian Institute of Technology, Kharagpur, with Post Graduation in Management from Indian Institute of Management, Calcutta. Nitin is married and has two children.
@Nitin_Jain9
He is a Bachelor of Engineering, MBA, CAIIB and Ph.D. in e-Banking. He joined the Bank as DGM in the year 2003 was elevated to the post of GM in 2005 and later as Executive Director in 2006. He has excellent academic background has also acquired hands on experience on the overall operations of the Bank. From May 2011 appointed as MD & CEO of the Bank.
Mr. Parvez Umrigar has been involved with the India Infrastructure Industry since last 15 years. He had a stint of a decade with Gammon Group where he gained the experience to work on Infrastructure projects. He was the Managing Director of Gammon Infrastructure Projects Limited, among the fore most companies to enter PPP space. He had worked with the Group for 13 years.
After Gammon, he was the Managing Director and CEO for Welspun Infratech Ltd. Welspun Infratech, was mandated to participate in opportunities present in Infrastructure space in India. He also chaired the Board of Leighton - Welspun, the company incorporated in India by Leighton Group. He had a 2 year stint with Welspun Group as Managing Director and CEO of Welspun Infratech Limited.
Presently, he is working as Co Head in the Investements arm of Piramal Enterprises Ltd.
Pramod has 21 years of experience in financial services (private equity, public equity and investment banking) in India and the UK, of which 12 years are in Indian PE.
Pramod joined Tata Capital in April 2008. Pramod is a Founding Partner of TCGF, which successfully raised US$240 million from international as well as Indian investors. Pramod has been actively involved in sourcing, evaluating, negotiating and consummating investments across financial services, technology, consumer, pharmaceuticals and manufacturing sectors. Pramod is also actively involved in portfolio management and serves on the boards of Standard Greases and Nearex.
Prashant has over 21 years of experience in Global Markets. Prior to ICICI Venture, his most recent job was with Nomura India and Lehman Brothers India as the Managing Director & Head - Global Finance for India in the Investment Banking Division. Prior to that he spent over 5 years with ICICI Bank where his last role was Senior General Manager and Head - Global Principal Investment & Trading Group. He has also worked with Citibank (1988 - 1993) as Chief Dealer (Fixed Income), Peregrine (1993 - 97) and BNP (1998 - 99) as Head of Equities. He has also been the CEO of Investment Research & Information Services (IRIS) from 1999 to 2002. He has a deep and varied experience in Indian capital markets, across equity and debt instruments.
Prashant has a Bachelor’s degree in Engineering from Indian Institute of Technology, Kanpur and an MBA and rank holder from the Indian Institute of Management, Ahmadabad.
Praveen Chakravarty is the ex-CEO of an investment bank, a 2012 Eisenhower Fellow, founding trustee of India's first data journalism initiative IndiaSpend and board member of Centre for Civil Society, India's highest ranked thinktank globally. He is a regular oped contributor on politics and policy for the Business Standard and Mint.
Mr. Rudran holds over 40 years of management and leadership experience in reputed banking and financial corporations like RBI, IDBI and SIDBI. He joined Arcil in April 2012 as the Managing Director & Chief Executive Officer and presently guides the strategic and operational aspects of the Company.
Prior to joining Arcil, he led the core professional team in setting up, operationalize and manage India SME Asset Reconstruction Company Ltd. (ISARC), a specialized ARC promoted by SIDBI. He was associated with SIDBI as the Chief General Manager and headed various head office departments.
Raj Ahuja is the Chief Financial Officer of FINO PayTech. He heads Corporate Finance, Accounts, Legal & Secretarial, Financial Planning & Analysis and Risk & Internal Audit at the company.
He has over 22 years of experience in IT, Banking, Consumer Electronics, Media and Telecom companies. During this period, he has worked in Finance, Accounts and Commercial Operations with focus on Investor Relations, Analytics, Operations, Mergers, Financial structuring and the sub-functions like Planning, Controllership, Legal, Compliances and Taxation.
He was with Wipro for 15 years and worked for its various businesses holding important positions such as General Manager-Finance for BFSI vertical of Wipro Technologies; Controller for Wipro Infotech, Business Finance Head for IT Products; Corporate Audit Manager and CFO of various business units. During his long stint with Wipro, he was placed in various verticals spanning the entire gamut of Finance and Accounts Function of the group and shifted locations between Delhi and Bangalore.
He has also worked with Star India Private Limited as Executive Vice President - Finance in Mumbai and as Director - Finance & Operations with Philips/NXP Semiconductors India Limited in Bangalore. Immediately prior to joining FINO, Raj was working with One97 Communications in NCR as the Chief Financial Officer with specific focus on preparing the company for next level of growth and business expansion plans.
Raj is a rank-holder Chartered Accountant besides being a qualified Cost Accountant. He is a commerce graduate from Shri Ram College of Commerce, Delhi. He has had the distinction of being among the top rankers throughout his academic career.
Mr. Rajesh Mokashi serves as the Deputy Managing Director at Credit Analysis and Research Limited (CARE). He is instrumental in criteria development for ratings and improvement in policies and procedures at CARE. In addition, he is actively involved in international forays of CARE from time to time. Over the years, he has been associated with rating assignments covering a wide range of sectors. He has over 19 years of experience in finance, commerce and credit risk sectors.
He was associated with OTIS Elevators Company (India) Limited. He served as Analyst of Credit Analysis and Research Limited. Prior to joining CARE, he held key positions in Otis Elevator Company India Ltd., DSP Financial Consultants Ltd. and Kotak Mahindra Finance Ltd. He serves as Director of Kalypto Risk Technologies Pvt. Ltd. He has been a Non Executive Independent Director at Credit Analysis and Research Limited since August 22, 2009. He has also Chartered Financial Analyst charter holder both from the CFA Institute, USA and ICFAI Hyderabad. He has obtained a Diploma in Import and Export Management from Indian Institute of Materials Management. He has a Masters Degree in Management from Narsee Monjee Institute of Management studies; Mumbai University. He holds a Bachelor’s degree in Mechanical engineering from VJTI; Mumbai University.
R. Gurumurthy, holds a Bachelor's degree from Delhi University and is a Certified Associate of the Indian Institute of Bankers. He has over 25 years of exposure in the banking sector both in India and in Hong Kong.
As Head - Corporate & Institutional Banking at RBL Bank, he is responsible for driving relationships with large corporates, Public sector undertakings, Financial Institutions, government departments & local administration set-ups by growing the deposits, loans and transactional business portfolio of the bank.
Prior to joining the Bank, he has been a part of both the corporate & FI sector and has also worked in the capital markets space in top leadership positions. Most recently he was heading the FI Strategic Coverage Group for Standard Chartered Bank, Mumbai.
Sachin joined IDFC in 2006, and has more than 21 years of international experience with leading global financial institutions.
Prior to joining IDFC, Sachin worked at Macquarie’s Singapore office, and earlier with Dresdner Kleinwort Wasserstein and ICICI. During his professional career, he has led several advisory, acquisition, and lending mandates in the Infrastructure sector, across the Asian region.
He is currently on the boards of Adhunik Power and Natural Resources Limited, Karaikal Port Private Limited, ULA Logistics Ltd. and several road BOT companies. He is also on the Investment Committee of the US$ 927mn India Infrastructure Fund and the follow-on India Infrastructure Fund 2.
He holds an MBA from the Indian Institute of Management, Ahmedabad (India), and a degree in electrical engineering from the Indian Institute of Technology, Kanpur (India).
Founder & Managing Director of Ujjivan Financial Service ( www.ujjivan.com ), a micro finance institution established in 2005 which provides financial services through a network of 380 branches to over 1.4 million urban, semi-urban & rural customers spread across 21 states & 2 union territories, the widest footprint of a MFI in India. Ujjivan was awarded the Best Large Microfinance Institution in India in 2011 and ranked among the top ten companies to work for in India by the Great Place to Work Institute two years in row: 2013 & 2014. Ujjivan is the fifth largest microfinance institution in India.
He was re-elected the President of Microfinance Institutions Network (MFIN) in June 2014, the leading association of microfinance institutions in India. MFIN has recently been appointed as the SRO by the Reserve Bank of India. He is a board member of Women’s World Banking, New York and also currently the Chairman of Association of Karnataka Microfinance Institution (AKMI).
He was a career international banker for 30 years prior to establishing Ujjivan. He started his career with Citibank in 1975, where he spent the bulk of his career. The other banks he has worked with are: Arab Bank, Bank Muscat, Standard Chartered Bank, and HDFC Bank. He graduated from Wharton Business School, University of Pennsylvania in 1974 with Master of Business Administration.
Mr. Agarwal is a merit-holder Chartered Accountant by qualification and the Promoter of the Company. With over 17 years of experience, he’s the major driving force behind the success of the Au FINANCIERs. His role in Au FINANCIERs includes Strategizing Finance, Corporate Planning, and Risk Management. His areas of expertise are finance, credit and risk analysis. Over the years, he has built long-term relationships with Banks and people based on Trust, Integrity, and Conviction. Under his leadership and guidance, the Company has taken great strides in terms of disbursements, profitability and performance. He is also vice president of the Rajasthan Finance Companies Association.
Shankar Narayanan is a Managing Director with the Asia Growth Capital team of global PE fund responsible for advising growth capital investments in India. He is based in Mumbai.
Mr. Narayanan has been in private equity since 1993 with the unique distinction of having run some of the investee companies as a CEO. He has on-the-ground work experience across the country which allows him to have a very practical perspective of growth prospects and challenges across industries.
Since joining the global PE fund in 2004, Mr. Narayanan has led and advised Carlyle on key investments such as Claris Lifesciences, Elitecore Technologies, Repco Home Finance, Tirumala Milk Products, Visen Industries, Value and Budget Housing Corporation, Edelweiss Financial Services, South Indian Bank, Infotech Enterprises; etc. He has also successfully delivered exits from Tirumala Milk Products, Cyberoam Technologies and Repco Home Finance (IPO). He was also actively involved in managing the fund’s investments and exits in Newgen Knowledge Works, Financial Software & Systems, Learning Mate Solutions, QuEST and Sharekhan.
Prior to joining the global PE fund, Mr. Narayanan spent six years at Hathway Investments in Mumbai and during that time served as Managing Director and CEO. He was also with Deutsche Bank Capital Partners, based in Hong Kong, as a Director covering South Asia and India. He was involved in a number of prominent private equity investments in India, including Johnson Tiles, Exide Industries, Hathway Cable, Asianet Satellite Communications, Pushpa Polymers, Tata Infomedia and AFL Limited and served on the Board of Directors of all these Companies.
Prior to Hathway Investments, Mr. Shankar Narayanan worked at Citibank in Mumbai. He received a Post Graduate Diploma in Management from XLRI Jamshedpur where he was a Gold Medalist standing first in the graduating class in the area of Finance & Accounting and a Bachelor of Technology degree in Civil Engineering from Indian Institute of Technology, New Delhi.
Mr. Narayanan is currently on the Boards of Elitecore Technologies, Infotech Enterprises and Newgen Knowledge Works. Previously he served on the Boards of key portfolios such as Repco Home Finance, Claris Lifesciences, Value and Budget Housing Corporation, Visen Industries, Financial Software & Systems, Tirumala Milk Products, Cyberoam Technologies, Learning Mate Solutions, Allsec Technologies, QuEST, Newgen Knowledge Works & Sharekhan.
Sudip Bandyopadhyay is currently the Managing Director and CEO of Destimoney Securities, a full service financial organisation, promoted by New Silk Route – an Asia focused growth capital private equity firm with over $1.4 billion under management. Sudip is also the non-executive Chairman of Wall Street Finance Ltd. and director in other listed and unlisted domestic companies.
Sudip is a qualified Chartered and a Cost Accountant. He has over 25 years of rich & diverse experience in various areas of financial services. He has worked with reputed organizations like Reliance (ADA Group), ITC, ICI and HLL.
Sudip was the Managing Director of Reliance Money and was also on the Board of several Reliance ADAG Group Companies since May 2005. He was instrumental in leading Reliance Anil Dhirubhai Ambani Group's foray, amongst others, into Equity & Commodity Broking, Financial Products Distribution, Commodity Exchanges, Gold Coin Retailing, Money Changing and Money Transfer. Under his leadership, Reliance Money had aggressively expanded its footprint in India and across the globe. Sudip was also responsible for the acquisition of AMP Sanmar through which Reliance launched its Life Insurance business.
During Sudip's 16 years stint with ITC as head of Treasury and Strategic Investments, he managed investments in excess of $1.5 billion. He was responsible for the acquisition of strategic stakes in EIH, VST and several other companies by ITC.
Mr. Maheshwari has over 33 years' experience in infrastructure financing, corporate finance, investment banking, private equity and in infrastructure and energy sector advisory. Before he took charge as Group Executive Vice President - Corporate Affairs, L&T Financial Services, he was the Managing Director & Chief Executive of L&T Infrastructure Finance Company Limited (L&T Infra Finance). He continues to guide L&T Infra Finance as well as other group companies as a member of the Board and other board sub-committees.
He has been closely involved with various infrastructure sector reforms and PPP initiatives since 1991. He has held several positions at industry bodies and government task force for promoting reforms in the infrastructure sector and financing. He is currently a Member of the National Council on Infrastructure at CII. An MBA from Symbiosis Institute, Pune and a Bachelor of Science from Mumbai University, Mr. Maheshwari has also trained in Strategy and Operations Management and Restructuring of FIs and Banks at Harvard Business School.
A Fellow Member of the Indian Institute of Chartered Accountants of India and Chartered Financial Analyst from CFA Institute, USA. He Heads the Wholesale Capital Markets SBU at Edelweiss, looking after wide range of Capital Market businesses which includes Investment Banking, Institutional Equities, Prime Brokerage and Research. He is also member of the Edelweiss Management Committee and became the youngest member of this committee at the age of 30.
Joining Edelweiss from ICICI Securities Ltd, at a young age of 26 - he is responsible for setting building and scaling up several businesses. Vikas’ views on the Indian capital markets are eagerly sought by the business media in India and Asia Pacific region. He also regularly contributes articles on capital markets and speaks in various forums.
Mr. V. Vaidyanathan is the Chairman of Capital First Limited (CFL). He worked with Citibank from 1990-2000, and with the ICICI Group from 2000-2010. In order to take an entrepreneurial role, he acquired a stake in an existing NBFC, then secured an equity backing of USD 150 million from Warburg Pincus in 2012, and thus formed Capital First Limited. Warburg Pincus is a large Global Private Equity player with funds of over US$ 40 billion. Post the transaction, he holds shares and options totaling 14% of the company on a fully diluted basis through personal holdings and related entities.He believes that financing India’s 30 million MSMEs and India’s emerging middle class, with a differentiated model based on new technology platforms, offers a unique opportunity in India.
He joined the ICICI Limited in early 2000 when it was still a Domestic Financial Institution and helped the transition of ICICI as a DFI to a Universal Bank.During his career, he and his organization have received a large number of domestic and international awards including “Best Retail bank in Asia 2001”, “Excellence in Retail Banking Award” 2002, “Best Retail Bank in India 2003, 2004, and 2005 from the Asian Banker”, “Most Innovative Bank” 2007, “Leaders under 40” from Business Today in 2009, “Greatest Corporate Leaders of India, 2014”, and was nominated “Retail Banker of the Year” by EFMA Europe for 2008.
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FTI Consulting, Inc. is a global business advisory firm dedicated to helping organisations protect and enhance enterprise value in an increasingly complex legal, regulatory and economic environment. With more than 4,200 employees located in 26 countries, FTI Consulting professionals work closely with clients to anticipate, illuminate and overcome complex business challenges in areas such as investigations, litigation, mergers and acquisitions, regulatory issues, reputation management, strategic communications and restructuring.
FTI Consulting’s Global Risk and Investigations Practice is the leading provider of comprehensive business risk solutions including reputational due diligence and other business intelligence, fraud and corporate investigations, data forensics and electronic evidence recovery, brand protection, the strategic management of intellectual property and crisis containment services in Asia. Whether the task is to determine the reputation and suitability of a business partner, untangle a complex fraud scheme, investigate allegations of bribery or contain a business crisis, the aim of FTI Consulting is to provide our clients with critical information, insight and timely solutions for informed decision-making.
The teams of seasoned professionals of our Global Risk and Investigations Practice in Asia are drawn from backgrounds in senior law enforcement, academic and economic research, forensic accounting, information technology and investigative journalism.
L&T Infra Investment Partners is a private equity fund focused on investments in the Indian infrastructure sector. The Fund is sponsored by L&T Infrastructure Finance Company, a subsidiary of L&T Finance Holdings and anchored by leading Indian institutional investors. It targets investments in a broad range of infrastructure assets and infrastructure supply chain companies in sectors such as energy, transportation, power, telecommunication, natural resources and water infrastructure. In addition to providing growth capital, the Fund seeks to catalyse value creation by providing strategic guidance and practical support to portfolio companies in operational areas, corporate governance and business networking.
L&T Infra Investment Partners is a private equity fund focused on investments in the Indian infrastructure sector. The Fund is sponsored by L&T Infrastructure Finance Company, a subsidiary of L&T Finance Holdings and anchored by leading Indian institutional investors. It targets investments in a broad range of infrastructure assets and infrastructure supply chain companies in sectors such as energy, transportation, power, telecommunication, natural resources and water infrastructure. In addition to providing growth capital, the Fund seeks to catalyse value creation by providing strategic guidance and practical support to portfolio companies in operational areas, corporate governance and business networking.
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