Rupen has close to two decades of experience across private equity and investment banking. Prior to joining PEL, he was the Managing Director of KKR India, a global investment firm. As part of the founding team in India, Rupen has led investments in Jio Platforms, Reliance Retail, Alliance Tires, Magma Fincorp (Poonawalla Finance), Dalmia Cement, Max Financial Services, Emerald Media, SBI Life Insurance, Bharti Infratel, HDFC Ltd and RE Sustainability.

Prior to KKR, Rupen has worked with Goldman Sachs & Co. in its Principal Investment Area (PIA), Warburg Pincus and Merrill Lynch.

Rupen is a member of the Confederation of Indian Industry (CII) ‐ Corporate Governance Council and the Global Investor Council of Indian Private Equity & Venture Capital Association (IVCA). He holds a B.S., magna cum laude, from Leonard N. Stern School of Business of New York University. He has also been the recipient of The Economic Times and Fortune 40 under 40 Business Leader awards. An avid cricketer and tennis player, Rupen’s pursuits also include social work in rural India.

Before joining Piramal, Jairam was the Chief Financial Officer (CFO) of Axis Bank. He has handled a variety of roles at the Bank and was previously President, Retail Lending & Payments. In this role, he was responsible for driving growth in the retail lending and payments businesses comprising retail lending products (home, car, personal & other loans), cards business (credit, debit & prepaid) and the agriculture & rural lending business. In his 5 years in this role, Axis Bank saw industry leading, 6X growth and emerged as one of the top 5 retail lending institutions in the country.

Prior to Axis, Jairam served Capital One Financial, a consumer bank based in Richmond, VA (USA) as Head – ‘New to Credit’ Card Acquisitions in the US Cards Business. At the start of his career with ICICI Bank, he played a key role in their initial foray into the retail lending businesses, serving as Head – Business Intelligence Unit.

Jairam holds a Bachelor of Technology degree in Chemical Engineering from IIT Delhi and Post Graduate Diploma in Management from IIM Kolkata where he was awarded a Roll of Honour for academic excellence.

In 2022, he was awarded the ‘FE Pillar of the BFSI Industry’ award at the FE BFSI Summit. In 2019, Institutional Investor magazine named Jairam “Best CFO” in their All-Asia Executive team for Banks, based on Sell-Side analyst votes. In 2015, he was chosen by The Economic Times as a part of their “40 Under 40” list of India’s hottest business leaders.

As CEO of Wholesale Lending, Yesh is responsible for further expanding PEL’s wholesale lending business, building a high quality granular book across different real estate/corporate segments, establishing, and strengthening key client relationships and using data analytics/AI to enable superior underwriting.

Before joining Piramal, Yesh was the Managing Director & CEO of the India Real Estate lending business at global investment firm KKR, where he built a leading India real estate credit franchise.

Prior to KKR, he has held senior leadership roles at J.P. Morgan where he led Asia-ex China franchise of the balance sheet investing group, and ICICI Prudential, where he set up and led real estate / corporate investing business.

Yesh has a Masters in Finance from the London Business School and is a Bachelor in Engineering, from University of Pune, India.

Kalpesh has over twenty-five years of expertise in investing and financial services including a decade as the founding Managing Director at AION Capital, a joint venture between Apollo Global Management and ICICI Group to invest in buyouts, distressed and hybrid capital solutions.

At AION, Kalpesh led both fund raising and deployment of over US$ 1.25 billions of capital and served on the boards of several its portfolio companies.

Prior to AION Capital, Kalpesh spent over 15 years at ICICI Bank. Kalpesh played a significant role in building the bank’s commercial banking business to over US$ 10 billion in assets and the structured finance business to over US$ 5 billion in assets. Kalpesh set up and built the bank’s corporate and investment banking business in London to US$ 4 billion in assets. Earlier, Kalpesh was part of the retail banking team at the time of the merger of ICICI Limited and ICICI Bank Limited. Kalpesh started his career at ICICI Limited in project finance where he led multibillion dollar corporate and infrastructure financing.

Kalpesh holds a Bachelor of Engineering Degree in Computer Science and an MBA in Finance from Bombay University.

In his role at IndiaRF, Mr. Nalavadi invests primarily in mid-sized businesses, providing customised capital solution for a controlled lead transformation in the businesses which are under-performing to their potential. IndiaRF invests across sectors such as industrials, healthcare, manufacturing, consumer businesses etc., targeting India’s burgeoning demand growth and exports. He spearheads an on-ground team that is not only well-positioned to execute diligence and deals but also engage in rebuilding and growing companies by recapitalising balance sheets and through deep operational engagement.

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.

She is a Chartered Accountant with three decades of post qualification experience in the financial services industry. Her core competencies lie in business strategy, financial control, capital restructuring, M&A, tax, risk management and regulatory compliances. Upma joined Piramal as CFO – Retail Finance Business of Piramal Capital & Housing Finance Ltd. and was subsequently elevated to CFO of PEL.

Prior to Piramal, she was the CFO & Key Management Personnel at Ujjivan Small Finance Bank Limited and played a critical role in upscaling the finance function, successful transition of the NBFC MFI into the Bank. She successfully led the primary market fund raise from domestic/overseas market. She also spearheaded the finance and account function, Procurement, Liabilities management, business strategy and planning, regulatory compliances and investors relations. Prior to Ujjivan, Upma was the Group Deputy CFO at L&T Finance Holdings Limited.

Upma holds a Master’s Degree focussed in Chartered Accountant from The Institute of Chartered Accountants of India.

In September 2022, she was felicitated by The Financial Express at the FE CFO Connect Conclave for her exemplary contribution to the industry and to the Piramal Group. She was also felicitated by the ET Edge as Inspiring CFO for 2023 in Sept ‘23. She is amongst the top 70 CFOs in India as published by Startup Lanes. Recently in March ‘24, she was felicitated by Asia One Magazine as one of the greatest CFOs.

Mr. Gandhi is a Technology & Digital Strategist with deep expertise in building and implementing innovative technology solutions and establish strong technology culture to transform organisations and propel business growth.

Prior to joining Piramal Group, Mr. Gandhi served as Chief Information Officer at the Cox & Kings Group and was instrumental in driving business transformation through consumer tech solutions across the Group companies, globally. Previously, during his tenure at Tata Consultancy Services (TCS), he partnered with several Fortune 100 clients such as General Electric, NASDAQ, World Bank, HP and Procter & Gamble, in their technology transformation journeys.

With 29 years of rich experience, Mr. Gandhi has been conferred with several prestigious awards for his contributions in the field of technology and innovation.

Mr. Gandhi has completed an Executive Leadership Programme from Harvard Business School, USA and a Strategy and Innovation Programme from Massachusetts Institute of Technology, USA. He holds a Bachelor’s Degree in Engineering from VJTI, Mumbai, India.

Mr. Sikka has been awarded by the Global Anti-Counterfeiting Group, Paris and is also recipient of ‘The Indira Super Achiever Award’, besides other prestigious recognitions. He has also been recently awarded with the degree of Honoris Causa (D.Litt) by SGT University. He received training on Intellectual Property Rights from AOTS, Tokyo, Japan.

He is a prolific writer and an acclaimed filmmaker. He went to the Kargil battle theatre in 1999 as a freelance embedded journalist and has written over a hundred articles in leading newspapers. He produced the multiple National Awards winning film ‘Nanak Shah Fakir’, directed short films and authored two best-selling books ‘Calling Sehmat’ and ‘Vichhoda’. Blockbuster film ‘Raazi’, led by Alia Bhatt was based on his best seller book ‘Calling Sehmat’, published in six Indian languages. His third book titled ‘Gobind’ has been released on April 27, 2024.

He has more than 23 years of experience heading the legal function and extensive hands-on experience in all areas of legal documentation, litigations & legal policies/ procedures/strategies/training in financial services, private equity/NBFC/HFC/investment management to funds, general banking & infrastructure, mortgage finance, real estate, recoveries & consumer protection, insolvency & bankruptcy proceedings, stressed accounts management and dispute resolution.

Anand joined Piramal Group in 2013 and has helped set up and organised the legal function across the financial services vertical, presently heading a team of 25+ multi-disciplinary lawyers. At Piramal, he plays a critical role in identifying, mitigating and managing legal risk across the group companies including as a member of the deal clearance committee, executive credit committee and fraud & risk management committee.

He also plays an important role in executing corporate transactions, acquisitions, mergers, sale and transitions in the Company. He has worked on diverse deals through his tenure with the Group.

Anand is a graduate from Hans Raj College, Delhi University and holds a degree in Law from the Campus Law Centre, Faculty of Law, Delhi University. He is also a member of the Institute of Company Secretaries of India.

Manjul has over twenty-seven years of HR experience with the last seventeen in Financial Services in the Kotak Mahindra Group. His last stint in Kotak Bank was as Senior Executive Vice President, where he headed HR for their Consumer Banking business, spanning both retail liabilities and consumer assets. He started his stint with the Kotak Group in their life insurance business, post which he moved to the Bank to handle HR for their Wholesale Bank, Global Transaction Services, Treasury and Risk functions. He was a key member of the team which handled the merger between Kotak Bank and ING Vysya Bank. Prior to the Kotak Group, Manjul has also worked for The India Today Group and Triveni Engineering & Industries Limited. He has rich experience in building scale in businesses, and in cutting-edge practices in the areas of talent acquisition, leadership development, succession planning, managing high potentials, employee engagement, learning and organisational development.

Manjul is an Engineer from NIT, Jalandhar and did his Masters in Personnel Management & Industrial Relations from University Business School, Panjab University, Chandigarh.

Aditya started his career working with KPMG for 5 years and then joined the start-up team of an internet company in Europe for 2 years. For the last 20+ years, he has worked in the Development sector – first with Pratham in Gujarat for 5 years and the Piramal Foundation since its inception.

Aditya has helped focus the Foundation’s activities into 4 Big Bets critical to the development of India:

• The Aspirational Bharat Collaborative works with communities in the most opportunitydeprived districts to help improve their development indicators
• The Tribal Health Collaborative works with tribal populations to eliminate all preventable deaths
• The Digital Bharat Collaborative helps strengthen the quality of evidence-based governance in public systems
• The Piramal School of Leadership works with mid-level public servants to strengthen their leadership skills and sense of purpose

Each Big Bet also mobilises the power of rural women and Indian youth to act as compassionate changemakers on the ground. The Foundation currently has over 5,000 staff across 26 States in India.

Aditya is an Ashoka Fellow, an Echoing Green Fellow and an Aspen India Fellow. He also serves on the governing board of the Akanksha Foundation and Bridgespan India. He was awarded the Times Now ‘Amazing Indian’ award in the Education category.

Honnesh joined Piramal Group in 2013 and has helped set up and organise the legal function across the Group. He plays a critical role in identifying, mitigating and managing legal risk across the group companies. Honnesh also plays an important role in executing corporate transactions, acquisitions, mergers, sale and transitions in the Company. He has worked on diverse deals through his tenure with the Group. Some of the major transactions include fund raising of US$ 770 million at PEL by QIP of Compulsorily Convertible Debentures (the first and largest by a non-banking company) and Rights Issue, investments in the financial services companies, Shriram Transport and Shriram Capital, acquisition of the product portfolio from Janssen, Mallinckrodt and setting up of IndiaRF, the company’s Distressed Asset Platform, sale of DRG, Carlyle investment in Pharma and acquisition of DHFL.

Honnesh is a qualified Corporate lawyer and holds a Degree in Law from National Law School of India University, Bangalore.

At Piramal Group, Nitin Nohria serves in the capacity of Management Advisor. In this role, he provides strategic guidance and leadership to the company, leveraging his extensive experience and expertise in business and management to help steer the organisation’s strategic direction and governance.