Shantanu Nalavadi

Managing Director, India Resurgence Fund (India RF)

Mr. Shantanu Nalavadi is the Managing Director at India Resurgence Asset Management Business Private Limited (IndiaRF), a Piramal Enterprises Limited and Bain Capital Credit Partnership. A Chartered Accountant by profession, Mr. Nalavadi carries with him over two decades of experience in financial services, banking and corporate finance.

In his role at IndiaRF, Mr. Nalavadi oversees a resolution focused investing in distress assets, from the large Indian Non-Performing Loan (NPL) pool, across growth sectors such as industrials, infrastructure, manufacturing, etc., targeting India’s burgeoning demand growth and exports. He spearheads an on-ground team that is not only well-positioned to execute bids and turnarounds with diligence but also structure skills, sponsor engagement, strategic partnerships and operational turnaround.

Previously, he was Co-Head of the Structured Investment Group of Piramal Enterprises Limited, with over US$ 350 Million in assets under management. Prior to this, he was a Partner at New Silk Route Advisors Pvt. Ltd., a Private Equity Fund with over US$ 850 Million in assets under management. His vast tenure of work experience includes global multinationals such as ANZ Grindlays Bank, Star TV and Walt Disney with P/L and business development responsibilities.

Mr. Nalavadi brings with him an experience of investing, creating value and monetising investments across several sectors, including financial services, consumer retail, infrastructure, cement, media, logistics and manufacturing. In creating value for his portfolio companies he actively participated in partnering with strategic / managements for operational improvements, competitive marketing positioning and sustainable expansion.

Mr. Nalavadi articled with Arthur Andersen, India, before qualifying as a Chartered Accountant in 1993.

Ajay Piramal

1618 Chairman, Piramal Group

Dr. Swati A. Piramal

1621 Vice Chairperson, Piramal Group

Nandini Piramal

1624 Executive Director, Piramal Enterprises Ltd.

Anand Piramal

1627 Executive Director, Piramal Group
Non-Executive Director, Piramal Enterprises Ltd.
Founder, Piramal Realty

Vijay Shah

1630 Non-Executive Director, Piramal Enterprises Ltd. Vice Chairman, Piramal Glass
Chairman, Piramal Glass Ceylon Plc.

Peter DeYoung

1633 CEO, Piramal Global Pharma, Piramal Pharma Limited

Khushru Jijina

1640 Managing Director, Piramal Capital & Housing Finance Ltd.

Nitish Bajaj

1650 CEO, Consumer Products Division

Harinder S. Sikka

1654 Group Director - Strategic Business

Paresh Parasnis

1658 CEO, Piramal Foundation

Vivek Valsaraj

1662 President & CFO, Piramal Enterprises Ltd.

S.K. Honnesh

1666 Group General Counsel, Piramal Group

Vikram Bector

1671 President & Chief Human Resources Officer, Piramal Enterprises Ltd.

Viral Gandhi

1677 President & Group CIO, Piramal Group

Rajesh Laddha

5358 Executive Director & Group Chief Financial Officer, Piramal Enterprises Ltd.

Management Advisors

Shikhar Ghosh

5341 Professor, Harvard Business School

Nitin Nohria

5342 Dean, Harvard Business School