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.
E-mail: Mahavir.lunawat@ pantomathgroup.com
lunawat.mahavir@gmail.comMahavir Lunawat
Chairman, AIBI
Founder & Group MD - Pantomath Capital Advisors Pvt.Ltd
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.
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- 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
Email: prem.dcunha@
icicisecurities.comPrem D'Cunha
Vice Chairman, AIBI
Senior Vice President & Co Head Capital Market Execution - ICICI Securities Ltd.
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.
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Email: arjunm@jfl.com
Arjun Mehra
Vice Chairman, AIBI
Managing Director - IB - JM Financial Ltd.
With over 15 years of experience in the investment banking industry, Arjun has vast experience in the execution of capital markets, and mergers, acquisitions and restructuring transactions, including products like public issues, right issues, private placements, qualified institutional placements, delistings and buy-backs.
Over the years, Arjun has been actively involved in various consultations with regulators, especially on new platforms and regulations, including amendments to the ICDR Regulations, updations to the Takeover, Delisting 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.
Arjun is a Master in Business and a Master of Science in International Finance.
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Email: vikas.khattar@ambit.co
Vikas Khattar
Vice Chairman, AIBI
MD & Head ECM & FSG - AMBIT Capital Pvt. Ltd.
He has >27 years of rich experience in the Indian Investment Banking industry. Before joining Ambit, he worked with organizations like DSP Merrill Lynch, Citigroup, Morgan Stanley, HSBC and Jefferies in several senior positions across Capital Markets and Investment Banking groups therein. He is also a Vice-Chairman on the Board of the Association of Investment Bankers of India (AIBI).
Vikas has a Post-Graduate Diploma from the Indian Institute of Management (Calcutta) and Bachelor’s degree in Mechanical Engineering from BITS, Pilani. He is also a CFA Charter-holder.
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Email: alok@gretexgroup.com
Alok Harlalka
Director, AIBI
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.
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Email: srinivas@saffronadvisors.com
K.Srinivas
Director, AIBI
Managing Director - Saffron Capital Advisors Pvt.Ltd.
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.
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Email: venkatraghavan.s@
idfcbank.comS. Venkatraghavan
Director, AIBI
Managing Director & Head – ECM - 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.
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E-mail: r.naik@centrum.co.in
Rajendra Naik
Director, AIBI
Managing Director - IB - Centrum Capital Ltd
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.
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Sachin Khandelwal
Director, AIBI
Executive Director-Co-Head- ECMs-Execution-IB
Nuvama Wealth Management LimitedWith over 18 years of experience in Investment Banking and capital markets, Sachin Khandelwal co- heads execution of Equity Capital Markets at Edelweiss Financial Services Ltd. He has been with Edelweiss since 2006 and has rich experience across functions ranging from Investment Banking, Portfolio Management Services, Structured Products, and Investment Advisory. He has strong understanding of various process, policies and procedures governing the capital market Industry.
Prior to joining Edelweiss, he has worked with RR Financial Consultants Ltd.
He is a Company Secretary and is a postgraduate in Commerce.
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E-mail: ayush1.jain@hsbc.co.in
Ayush Jain
Director, AIBI
Director - Investment Banking- HSBC Securities & Capital Markets (India) Pvt. Ltd.
Ayush Jain is a Director in the Investment Banking team at HSBC India. He has 13+ years of rich experience across equity capital markets (ECM) and mergers and acquisitions (M&A) transactions, and has worked on more than 100 transactions. He has worked on all capital market products include initial and further public offerings, qualified institutional placements, rights issues, REITs, InvITs, preferential issues, mergers of listed companies, open offers, delistings and buybacks, and has led some of the most complex transactions to successful completion.
At HSBC, he is responsible for origination and execution of M&A and ECM deals, focusing primarily on large ticket cross border transactions. He is responsible for client coverage and deal origination primarily in power and renewables, infrastructure, logistics, cement, real estate and oil & gas sectors, leading some of the marquee deals HSBC announced over last 3 years. Prior to HSBC, Ayush worked at JM Financial and ICICI Securities, where he led execution of a number of complex ECM and M&A transactions with unique nuances and structuring challenges.
Ayush is a management graduate from the Indian Institute of Management, Lucknow (IIML), and a Bachelor of Engineering from Mumbai University.
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Sachin K Chandiwal
Director, AIBI
Managing Director – Corporate Finance - DAM Capital Advisors Limited
Sachin Kailaschand Chandiwal is experienced Investment Banker engaged in Equity Capital Market fund raising activities for more than two decades. Prior to joining DAM Capital, he was also associated with YES Securities (India) Limited, Axis Capital Limited, ENAM Securities and National Stock Exchange of India Limited. He has handled over 150 equity and debt capital market and M&A / advisory transactions for various Conglomerates and Corporates. He worked on various types of fund raising and advisory transactions including Initial Public Offering, Qualified Institutional Placements, Buyback, Delisting and Takeover Open Offer, Rights Issue, M&A/Scheme of arrangements, Offer for Sale, Debt Public Issue.
Sachin is one of the Certified Trainer empanelled by National Institute of Securities Markets (NISM) for providing training to Merchant Banker in India. Earlier he was also empanelled with BSE Institute – as trainer for Takeover Code, M & A, IPOs – Procedures & Processes, and Insider Trading Regulations.
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Pinak Rudra Bhattacharyya
Director, AIBI
Senior Vice President, Head Corporate Finance -IIFL Securities Limited
Pinak Bhattacharyya has more than 18 years of experience in Investment Banking, Capital Markets and Private Equity, 16 of which has been spent at IIFL. Pinak has worked across multiple transactions involving fund raise and advisory assignments in both Public and Private Capital Markets during his long ongoing stint at IIFL. Pinak handles specific sectors within investment banking as a sector banker apart from heading corporate finance and overseeing all execution/regulatory matters at IIFL’s investment banking franchise.
Prior to IIFL, Pinak worked at JP Morgan. He holds a Post Graduate Diploma in Management from IMT Ghaziabad.
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Ms. Lakha Nair
Director, AIBI
Executive Director - Axis Capital Limited
Lakha Nair is an Executive Director in the corporate finance team of Axis Capital Limited. She handles deals across capital market products including Initial Public Offerings, Follow on Offerings, Private Placements, Qualified Institutional Placements, Buybacks, Open Offers, Delisting's, etc across various sectors. A Chartered Accountant by profession, she has over two decades of experience in Investment Banking and have worked on various marquee and pioneering capital market transactions. She has actively participated in various regulatory discussion papers and was member of the subcommittee that worked on the disclosure requirements for Insurance Companies doing IPO.
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Email:
ceo@aibi.org.in
Dr. Milind V. Dalvi is a distinguished academician & professional turned CEO, known for his contributions to both the world of academia and the financial industry. With a rich background in Capital Markets and an impressive academic career, he has seamlessly transitioned into the role of a CEO of Association of Investment Bankers of India.
Dr. Milind V. Dalvi holds a Ph.D from a prestigious university with groundbreaking research in Mutual fund industry that garnered recognition. His academic journey also includes and Master of Business Administration and Master of Commerce.