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 currently comprises of representatives from ten of its member organisations. The Board of Directors are elected as per the provisions of the Companies Act. The Chairperson and the Vice Chairperson(s) are elected from among the Directors and hold office for a tenure of 2 years or as may be decided by the Directors.
Managing Director - Corporate Finance - IB - Axis Capital Limited
Mr. Anay Khare has been part of various aspects of investment banking such as equity origination, debt syndication, M&A, corporate finance etc over the last 25 years. He has a deep understanding of and experience in capital markets in India. As Managing Director-Corporate Finance he leads a specialized team of professionals responsible for execution of investment banking products such as public issues, right issues, QIP, open offers, buybacks, private placements, de-listing offers etc. He has been involved in successful completion of more than 300 capital market transactions. He has represented his firm in various forums and policy making groups.
Mr. Anay Khare has been a Director of AIBI for the last 10 years. He is currently the Chairman of AIBI.
Mr. Anay Khare is a Chartered Accountant and Law graduateNext
E-mail: Mahavir.lunawat@ pantomathgroup.com
Vice Chairman, AIBI
Founder & Group Managing Director, Pantomath Capital Advisors Private Limited
Pantomath Group is SEBI Registered Merchant Bankers, SEBI Registered Stock Brokers and SEBI Registered Portfolio Managers. The Group has handled maximum number of SME IPOs.Next
- 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
Vice Chairman, AIBI
Managing Director, JM Financials Limited
With over 15 years of experience in the investment banking industry, Arjun heads the Capital Markets Execution and Mergers, Acquisitions and Restructuring Division at JM Financial. The division is particularly focused on the execution of Capital Markets, M&A and Private Equity (PE) transactions. Arjun has a varied experience of not only capital market products like public issues, right issues, private placements, qualified institutional placements, delistings and buy-backs, but also M&A/ PE involving both private and public companies. He has been associated in a number of complex and marquee transactions.
Over the years, Arjun has been actively involved in various consultations with regulators, especially on new platforms and regulations, including amendments to the SEBI ICDR Regulations, updations to the SEBI Takeover and Buy-Back Regulations, introduction of the framework on Schemes of Arrangement, creation of the Offer for Sale (OFS) through stock exchange mechanism, framing Public Offer Guidelines and Listing Agreement for issuances/ placements of InvITs and REITs in India, 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 New Delhi operations where he was closely involved in the disinvestment program.
Arjun is a Master in Business (with Distinction) and a Master of Science in International Finance from France.Next
Whole Time Director, Gretex Corporate Services Pvt.Ltd.
Mr. Alok Harlalka has been a driving force behind Gretex Corporate Services (SEBI REGISTERED CATEGORY I MERCHANT BANKER) having 11 years of extensive knowledge and experience in Capital Markets Services.
He started his career 1995, established Gretex in 2008 prior to that he was working with a proprietary firm. With Gretex he also manages Gretex Stock Broking Private Limited.
He is involved in all aspects of the business including planning, development, operations and marketing. His contribution is greatly responsible for the successful growth and development of Gretex which is awarded as "Top Volume Performer" in F.Y. 2017-18.
He has rich knowledge and experience in management of IPO / FPO , Preferential Offers, Takeovers, Corporate finance, restructuring of companies, Private Equity and Venture Capital.Next
MD & Head of Investment Banking, HSBC Securities & Capital Markets (India) Pvt. Ltd.
Managing Director & Head of Investment Banking, India
Amitabh Malhotra joined HSBC in July 2018 as Head of Investment Banking, India where he is responsible for Mergers & Acquisitions and Equity Capital Markets business.
Prior to HSBC, Amitabh worked as Co-Head & Managing Director of Rothschild India for 15 years out of which he was based in their Hong Kong office for approximately 2 years.
At Rothschild, he was responsible for originating and execution of Mergers & Acquisitions, Equity Capital Markets Advisory Business as well as Client Coverage, Relationship Management of Corporate & Private Equity Clients.
Over & above India, he has worked in multiple Asian Markets i.e. Hong Kong, Singapore, China, Indonesia, Philippines, Vietnam & Sri Lanka.
Amitabh has an MBA in Finance from the Else School of Management and a B. E. in Chemical Engineering from Manipal Institute of Technology.
Amitabh is on the Board of Directors for HSBC Capital Markets & Securities (India) Pvt Ltd.Next
Managing Director - Saffron Capital Advisors Private Limited
A Commerce graduate, Chartered Accountant and Cost Accountant by qualification, Srinivas pursues his professional career in capital markets and corporate related activities with absolute passion and commitment. He started his career in the year 1986 in the Investment Department of Unit Trust of India (UTI). Thereafter, he headed the Investment Banking Department as President of UTI Securities Limited (USL).
As the former Head of Investment Banking at USL, he was instrumental for creating a niche for USL for managing issues in the Mid-cap segment and making it an industry leader and the top choice Investment Banker in this segment.
After spending more than two decades with the UTI Group, Srinivas promoted Saffron in January 2007 to pursue his areas of interest. His dedication towards the growth of emerging corporates has seen him successfully complete more than 55 IPOs and a host of other transactions. He has with over 20 years of experience in financial services and is a veteran in the capital markets. His vast experience allows him to leverage his cross functional skills in Investment Banking, Strategy & Networking and is the guiding force of Saffron . He has been serving as a Director on the Board of Association of Investment Bankers of India (AIBI) for the last five years and has also served as the Vice Chairman of AIBI. His other interests include yoga, meditation and related spiritual pursuits and is also a teacher at the Art of Living.Next
Managing Director & Head of Equirus Capital (P) Limited.
S. Venkatraghavan has more than two decades of experience in the Primary Capital Market and M&A Transactions. He now is the Managing Director & Head of Equirus Capital (P) Limited.Next
Senior Vice President Ashika Capital
A deal-maker at heart, Mihir is a misfit with an ambition to build one of the largest investment banking teams in the country, with razor-sharp focus on three segments including consumer, healthcare & technology enabled businesses. After graduating from St. Xaviers College, Calcutta within the top 10 students in a batch of 700+, Mihir worked for a short stint of 18 months with Google India Private Limited in their LCS vertical working with global companies like Avis, British Airways, Virgin Atlantic and more.
After quitting Google and changing gears to pursue his passion in finance, Mihir completed his Chartered Accountancy from ICAI and during this pursuit, he became a registered contributor to one of US’ largest crowd-sourced content service for financial markets, Seeking Alpha, with a readership of over 5 million at that time.
A pinch of luck mixed with a good amount of hard work and marinated in a solution of grit helped Mihir initiate his career in Investment Banking with Ashika Capital Limited. Currently heading the merchant banking/investment banking vertical at Ashika Capital, Mihir’s expertise lies in domains like raising capital for companies (private equity & primary markets), takeovers, buybacks, rights issue, open offers, fair valuations, fairness opinion among others. Besides being a workaholic, Mihir is highly passionate about F&B industry and is also appointed as investor-director on the board of The Bohri Kitchen, an exemplary brand in the industry. In addition, he also serves as a mentor on platforms like Ah! Ventures & Ivycamp, for early stage companies.
At AIBI, Mihir’s single point focus is to enhance the strength of the organization by inducting and onboarding new members and catalysing engagement within the existing members of the body.Next
Executive Vice President, Head IB, SBI Capital Markets Ltd.
Group Head - Investment Banking
Mr. Prateek Indwar is an IIT Kanpur and IIM Calcutta alumni and has more than 25 years of experience of working in the Investment Banking domain in India and globally. He started his career at Bank of America (BofA) and went on to become Senior Investment Banker for BofA. He is currently the Group - Head for Investment Banking at SBICAP. Prior to joining SBICAPS, he was Head Investment Banking and Co-Head of Corporate Banking at IDFC. His other roles include heading the Corporate and Investment Banking business for ICICI in Europe (through ICICI UK Plc) and India Head for Buyouts at GE Capital. During his career in India and London, he has been involved in a wide range of M&A, public equity, debt capital market, leveraged financeand private equity transactions for his Indian and global clients; building, reshaping and leading a range of investment banking teams. He has been on several board level committees and also has significant experience of dealing with regulatory authorities in India and Europe.Next
SVP & Co-Head ECM Execution - ICICI Securities Limited
With over 20 years of experience in investment banking and capital markets in India, Prem D’Cunha co-heads execution of Capital Markets transactions at ICICI Securities Limited and has rich experience across Capital Market products. Prior to joining ICICI Securities, he held senior positions across Investment Banking groups and Capital Markets in Edelweiss and National Stock Exchange of India Limited respectively.
Prem was involved in various consultations with regulators, on creation of the Offer for Sale (OFS) stock exchange mechanism, framing Public Offer Guidelines for NCDs and InvITs, the introduction of stock exchange mechanism for settlement of open offers, buybacks etc. He has worked on disinvestment transactions including the first PSU disinvestment through ETF.
Prem is a Commerce graduate and Masters in Financial Management from Mumbai University.Next
Managing Director - Investment Banking - Centrum Capital Limited
Mr. Naik has been with Centrum Capital Limited since inception in 1996 and has played a key role as part of the founding team that set up the Centrum Group.
Mr. 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.
Mr 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, Mr. Naik has also completed his Masters in Management Studies (MMS) from Sydenham Institute of Management Studies, Mumbai.Next
Srinivasan Arunachalam is the CEO for KARVY’s Investment Banking Business.
He is an alumni of Management Studies, Mumbai University and comes with 36 years of corporate experience in varied senior roles, primarily in Banking and Financial Services. Prior to KARVY, he was with I-SEC as Consultant - Corporate Access. He has also worked in senior positions with ICICI Bank, Sun F&C, Peregrine Capital, Everonn Education, Sanofi Aventis etc.
Mr Srinivasan carries the wealth of his experience in Capital Markets, Investment Banking process automation and Business Process Re-engineering leading to successful turnarounds.
He is a History and archaeology enthusiast and reads extensively. He is also passionate about sports particularly cricket and basketball.Next
E-mail: Sujaya.Moghepadhye@ edelweissfin.com
Sujaya H. Moghepadhye
Senior Vice President and Head - Execution - Equity Capital Markets at Edelweiss Financial Services Limited
She spearheads the Equity Capital Market execution at Edelweiss Financial Services Limited. In her career of nearly two decades, spanning Investment Banking and Finance Industry, she has been involved in more than 100 Equity and Debt market transactions These deals include IPOs, Rights Issue, private placements, Qualified Institutional Placements including NCD with warrants, IPOs and Private placement of InvITs, Buy Backs, Open Offers etc. across various industry sectors. Experienced in handling complex and first of its kind capital market transactions. She is also an active participant in discussions on various regulatory matters with regard to equity capital markets.
Sujaya has also set up an NGO, “Jaya Foundation”, which supports treatment and well-being of Cancer Patients, for which she has been awarded fellowship of the prestigious and coveted REX Karmaveer Global Fellowship instituted by iCONGO in partnership with the United Nations.
Sujaya is a Chartered Accountant from Institute of Chartered Accountants of India. At Edelweiss Group, she is Part of the Senior Leadership Group.Next
Managing Director & Head ECM & FSG - Ambit Capital Private Limited
Vikas Khattar heads the Equity Capital Markets business and the Financial Sponsors Group at Ambit Capital.
Vikas brings with him over 22 years of rich experience in Indian Investment Banking industry. Before joining Ambit, he has worked with marquee organizaions like DSP Merrill Lynch, Citigroup, Morgan Stanley and HSBC in several senior positions across Capital Markets and Investment Banking groups therein.
Vikas is an engineering graduate from BITS, Pilani and he completed his Postgraduate Diploma in Management from IIM Calcutta.Next
Narayanan, a commerce and law graduate from Bombay University, brings with him more than 4 decades of experience in the financial sector. Prior to joining AIBI in 2012, Mr. Narayanan was the Executive Director in Saffron Capital Advisors Private Limited.
Narayanan started his career, in 1975, in the legal department of ICICI Limited and thereafter joined DSP Financial Consultants Limited (later DSP Merrill Lynch Limited). During his decade long working in DSP (between 1983 and 1993), he has handled many mandates of various leading Corporate houses which gave him immense opportunity to hone his skills in the entire gamut of managing IPOs, Rights Issues and Private Placement of Debt instruments with Financial Institutions. Later, Narayanan worked as Senior Vice President with Fortune Financial Services Limited, UTI Securities Limited (later STCI Securities Limited and now Standard Chartered Securities Limited) and for brief periods with Edelweiss Capital Limited and Emkay Global Finance Limited.
Due Diligence and drafting of Offer documents relating to IPOs, Rights Issues, QIBs, Delisting and Takeovers being his forte, Narayanan has led and guided the execution team at UTI Securities, Edelweiss, Emkay Global and Saffron Capital.