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AIBI being a Public Limited Company is governed by the Companies Act 2013 and is managed by its Board of Directors. 
As per the Memorandum and Articles of Association of the company, the Board comprises of representatives from 10 of its member organisations. 
The Board members are elected as per the provisions of the Companies Act\.
The elected Board members elect one of the Board members as the Chairman / Chairperson and the Vice Chairmen/ Vice Chairperson.
The director elected as the Chairman / Chairperson and Vice Chairmen holds office till the conclusion of the following Annual General Meeting. 




Executive Director, Kotak Mahindra Capital Co. Ltd.

With over 16 years’ experience in the investment banking industry in India, Gesu has rich experience across various equity products, including initial public offerings, follow on offerings, private placements, Qualified Institutional Placements, international offerings and private equity transactions, across various sectors.
She has played an important role in the regulatory evolution of the Indian capital markets and has been involved with many capital market innovations over the years including introduction of the QIP product and subsequent amendments, introduction of ASBA and syndicate ASBA, reduction of IPO timelines, introduction of anchor investor category in IPOs, etc.
Gesu is an Economics Hons graduate from Lady Shriram College, Delhi University and an MBA from Jamnalal Bajaj Institute of Management Studies, Mumbai. Before joining Kotak Investment Banking in the year 2000, she was working with SBI Capital Markets Limited.




Senior Vice President - Head Equity Capital Markets - ICICI Securities Ltd

With over 18 years of experience in the corporate finance and investment banking industry in India, Pranjal has experience in managing varied equity and debt products, including initial public offerings, follow on offerings, private placements, qualified institutional placements, international offerings and also products such as tender offer, buyback offer and delisting offer.
He has been instrumental in building the capital markets practice at ICICI Securities over the last five years. He has been actively involved in successful completion of over 250 capital market transactions.
He is a graduate from Sydenham College of Commerce and Economics and a qualified Chartered Accountant from the Institute of Chartered Accountants of India. He is a member of CFA Institute. He has served two stints at ICICI Securities – from November 1997 to August 2009 and July 2010 to date. He spent around two years heading the London office of ICICI Securities with responsibility of originating cross border merger & acquisition transactions.


LL.B., C.A.


Managing Director - Corporate Finance - IB, Axis Capital Ltd.

A Chartered Accountant and a Law graduate, started career in investment banking and have since been part of various facets of investment banking such as equity origination, debt syndication, M&A, corporate finance etc. over the last 24 years.
Presently working as Managing Director-Corporate Finance-Investment Banking in Axis Capital Ltd. Has been involved in successful completion of more than 300 capital market transactions. Has represented in various forums and policy making groups.

B.COM., A.C.A.


Chairman, Keynote Corporate Services Ltd.

A rank holding Chartered Accountant of November 1974 Batch, joined BHEL immediately after passing the final C.A. and served at the internal audit department for a period of one & half year and thereafter in December 1976, joined Punjab National Bank as a Financial Analyst, served the Bank for 17 years in various capacities and has been in Merchant Banking at Mumbai since 1984. He was the head of PNB Capital Services Ltd. at Mumbai, an Investment Banking Subsidiary of Punjab National Bank. Since 1993 he has been a part of Keynote Corporate Services Ltd. one of the leading Category I Merchant Banker as a Founder Promoter.
Presently Chairman of Keynote Corporate Services Ltd. and providing guidance to the Investment Banking team right from capital structuring to regulatory provisions of Securities & Exchange Board of India (SEBI). Has handled over 500 Public & Rights Issue transactions and has also completed over 60 transactions of Takeover & Buyback.
At the All India Conference of Institute of Chartered Accountants of India had submitted a paper on capital market. At the Western India Regional Conference of the Institute of Chartered Accountants of India presented a paper on Accounting for New Financial Instruments. Had been visiting faculty for the management course at ADMIMS & NMIMS. Had been a Guest Speaker with National Institute of Bank Management, Pune. Visiting faculty at the BSE Training Institute, Mumbai and Indian Institute of Capital Markets, Mumbai.

B.COM., LL.B.,C.S.,  C.F.A.



Group Managing Director, Pantomath Advisory Services Group

Select Experience

  • Group Founder and Managing Director of Pantomath Advisory Services Group – SEBI Registered Merchant Bankers, SEBI Registered Stock Brokers and SEBI Registered Portfolio Managers. The Group has handled maximum number of SME IPOs. 
  • Has had the working exposure with leading organisations viz., Reliance Industries Limited, ITC Limited and PricewaterhouseCoopers. Successful start-up of SEBI registered merchant banking venture at Sarthi Capital Advisors. 
  • Over 15 years of vast exposure. Handled mergers, demergers and various mega corporate restructuring projects. Worked on diverse engagements including pre-IPO restructuring, capital reduction models, restructuring promoter holding companies, repatriation strategies, value unlocking, ESOP advisory etc. Led Knowledge Management and worked extensively on areas of Corporate Governance
  • Has expertise in securities law and capital markets including SME listing, IPO, M&A, takeovers, buybacks, rights issue, stock exchange / SEBI related activities

Other Positions and Professional Accomplishments

  • An elected member on the Central Council of ICSI (Former-Chairman of ICSI-WIRC). 
  • Director of Association of Investment Bankers of India (AIBI) 
  • Member at Capital Market Committee, PHD chamber
  • Member at Kotak Committee on Corporate Governance, SEBI 
  • Chairman of National MSME Mission, CEO’s Association for Inclusive India (CAII) 
  • Chairman of AIBI SME Committee and Member of SEBI and BSE Working Groups on SME Listing 
  • Has been part of various Special Groups formed by ICSI inter alia for preparation of Model Listing Agreement, Compliance Certificate, Guidance Note on Listing, and formulation of representations on regulatory proposals 
  • A regular speaker at professional seminars and conferences; Visiting faculty and trainer at management institutes 
  • A regular contributor of articles / columns for business dailies and publications of national level 
  • Co-authored the prestigious SEBI Compendium (2010 Edition) 

Qualifications & Achievements

  • CFA (ICFAI) 
  • CFA (AIMR-USA) Level II 
  • Fellow Company Secretary (Gold Medallist) [On securing the FIRST RANK ALL INDIA in the final (June 2001), Was awarded the ‘ICSI Presidential Gold Medal’ by Shri G. N. Bajpai, the then Chairman, SEBI]
  • Law Graduate 
  • Commerce Graduate [Selected for National Scholarship of Government for ‘Excellent Performance in Graduation’] 
  • Post Graduate Diploma in Securities Law 
  • Diploma in Export Management 
  • Certificate of Hons Graduation in GDR Training in USA & UK, Awarded by The Bank of NewYork Mellon Corp, USA 


B.COM., M.M.S.



Managing Director - Investment Banking - Centrum Capital Ltd.

Naik has been with Centrum Capital Ltd. since inception in 1996 and has played a key role as part of the founding team that set up the Centrum Group. 
Naik has rich experience across functions ranging from corporate planning, debt structuring and placements, Project Finance to Public and Private Equity. At Centrum he has earlier led the Debt team and was instrumental in ensuring Centrum's league table ranking as one of the top 5 fund mobilisers in India. Subsequently keeping in line with the group focus and thrust on Investment Banking, Mr Naik helped grow the Corporate Finance and Advisory businesses to enable Centrum emerge as a reputed & trustworthy brand name among Mid Cap Corporates.
Naik is currently responsible for the Investment Banking Business at Centrum which also includes Business Development for the Group and is at the fulcrum of the origination function for all businesses spanning debt and equity. He also holds the additional responsibility for Group fund raising.
A Commerce Graduate from Mumbai, Naik has also completed his Masters in Management Studies (MMS) from Sydenham Institute of Management Studies, Mumbai.

M.Sc., M.I.B. 



Executive Director, JM Financial Institutional Securities Ltd.

With over 11 years of experience in the investment banking industry in India, Arjun heads the Mergers, Acquisitions and Restructuring Division at JM Financial. The division is particularly focussed on the execution of Capital Markets, M&A and Private Equity transactions.
Over the years, Arjun has been actively involved in various consultations with regulators, especially on new platforms, including on the creation of the Offer for Sale (OFS) stock exchange mechanism, framing Public Offer Guidelines and Listing Agreement for Public Issue of REITs and InvITs, the introduction of the stock exchange mechanism for settlement of tender offers, recommendations on Public Issue of Convertible Securities etc. He was earlier part of JM Financial ’s Delhi operations where he was closely involved in the disinvestment program, besides leading equity capital market and M&A execution transactions.
Arjun has a Master of Science in International Finance from the CERAM European School of Management and a Master in International Business from the Grenoble Graduate School of Business in France.




Managing Director, Saffron Capital Advisors Pvt. Ltd.
K. Srinivas, Founder and Promoter of Saffron Group, established the flagship company, Saffron Capital Advisors Pvt. Ltd., in January 2007. A Commerce graduate, Cost Accountant and Chartered Accountant by qualification, he pursues his professional career in capital markets and corporate related activities with absolute passion and commitment. He started his career in 1986 in the Investment Department of Unit Trust of India (UTI). Thereafter, he headed the Investment Banking Department as President of UTI Securities. After spending more than two decades with the UTI Group, he started his own group of companies under the Saffron brand to pursue his areas of interest. His dedication towards the growth of emerging corporates has seen him successfully complete more than 50 IPOs and a host of other transactions. His vast experience allows him to leverage his cross functional skills in Investment Banking, Strategy & Networking and is the guiding force of Saffron Group. 

As on 25  September, 2018:  INDEX - S&P CNX NIFTY: 11067.45, SENSEX: 36652.06, EXCHANGE RATES - INR/ 1 USD: 72.81, INR/ 1 EUR: 85.62, INR/ 100 JPY: 64.47, INR/ 1 GBP: 95.50
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