Senior Management

Dhruv Jain
Kartikeya Singh
Executive Director – Head of Legal and Structuring

Kartikeya joined Altico Capital in June 2016.

Kartikeya is responsible for analysing and structuring Altico Capital’s investments, and executing deals, including negotiation and documentation.

Kartikeya was previously with Bank of America Merrill Lynch (BAML) where he worked as Assistant General Counsel. At BAML Kartikeya covered the Equities, Fixed Income and Structured Lending business. Before BAML, he was a Partner with Phoenix Legal, Mumbai. As a senior member of the firm's Banking and Finance team he had the opportunity to develop a structured finance (SF) and debt capital market (DCM) practice ground up.

Through the years, he has played a pivotal role in some pioneering transactions, such as, India's first collateralized bond obligation issuance, India's first listed securitization transaction (both awarded IBLJ’s India Structured Finance Deal of the Year in 2013 and 2014) and India's first multi-originator securitization transaction. In addition to SF and DCM matters, he regularly handled matters pertaining to FPI advisory, ECB, syndicated financing, foreign investments, and other general corporate advisory matters. He has published several articles in well regarded journals.

Kartikeya is a 2004 law graduate from the National Law School of India University, Bangalore.

Dhruv Jain
Vijaykrishnan Subramanian
Executive Director – Projects & Technical

Vijay brings over 25 years of project delivery and project management experience in the area of civil engineering, including large real estate development projects through its entire life cycle.

Vijay is a part of the investment team looking at project evaluation for new investments, monitoring the progress of existing investments and providing guidance on project-related technical issues.

Prior to joining Altico, Vijay worked as Chief Projects Officer with Omkar Realtors and Developers Private Limited, Mumbai, managing a portfolio of 15 residential and commercial projects at various stages of their life cycle including “1973” at Worli and “Serendipity” at BKC from Dec 2014 to Feb 2016. He earlier worked at the Lodha Group for 2yrs, Mumbai; FIRE Capital Fund (a real-estate PE fund), Gurgaon; and Haskoning India, for 6yrs wirh the Indian arm of a leading Dutch consulting engineering and architectural design firm focused on the ports and infrastructure space.

Vijay, a certified project management professional (PMI, USA), is a graduate civil engineer (Class of 1989, IIT Delhi) with post-graduate qualifications in construction management (NICMAR, Pune).

Mrinal Chandran
Abhay Goyal
Executive Director – Credit & Investment

Abhay Goyal has joined Altico in January 18 and is based in Mumbai.

Abhay will be responsible mainly responsible for evaluation of investment opportunities (Debt) in Real Estate sector. This includes engaging with/ interviewing real estate developers/ channel partners/ industry sources to obtain necessary details w.r.t. proposed investment. Exploring a superior security/ deal structure to achieve better risk mitigation, and assist in negotiations with the developers/ investees.

Abhay has around 15 years of experience. Prior to joining Altico he was working as Principle, Investments & CFO with HDFC Capital Advisors Ltd. He was responsible for new acquisitions & asset management for the fund as well as anchoring the fund-raising, investor relations and P&L responsibilities for the fund and the asset management company. Abhay core competencies lie in handling activities across the entire array of fund cycle i.e. fund raising, deal origination, evaluation & negotiation, due diligence, structuring, documentation, project monitoring & exits.

Abhay holds a graduate degree in Commerce from Mumbai University and is a member of The Institute of Chartered Accountants of India.

Mrinal Chandran
Darshan Gangolli
Executive Director – Asset Management

Darshan has joined Altico in early 2018 and is based in Mumbai.

He leads the post investment Asset Management function at Altico for the loan portfolio. His remit includes asset and portfolio monitoring and analysis as well as asset management interventions where necessary, working closely with the credit, technical and legal teams.

Darshan has over 22 years of real estate / infrastructure investment and project development experience in advisory and principal leadership positions for institutional investors and RE developers. He has led investments and exits of over US$ 300 mn in real estate assets with domestic and international Real Estate funds across India since 2005. His exposure spans across asset classes including residential, commercial, hospitality and industrial assets in India.

Prior to joining Altico, Darshan was a Managing Partner at IL&FS Investment Managers Limited covering intensive asset management situations for its real estate funds. Darshan has held leadership position with leading developers and real estate funds. He was President – Finance and Strategy at Sunteck Realty Limited, a listed RE Mumbai focussed developer and CEO at Xrbia, an affordable housing platform. In his previous roles, Darshan has led investment and acquisition functions at Kotak Real Estate, AIGGRE and Actis. While at IL&FS Ltd, Darshan was involved in undertaking feasibilities and global procurement processes leading to investments of over US$ 1.4 bn through government advisory situations on PPP projects across infrastructure and real estate projects.

Darshan has completed his MBA from Asian Institute of Management, the Philippines and International Scholar to McGill University (1998). He holds a graduate degree in Mechanical Engineer from Pune University (1992). He was a Fulbright Fellow (Hubert Humphrey Fellow) to Michigan State in 2004-05.

Dhiren Jhaveri
Ashfan Ganatra
Executive Director – Strategy & Financial Planning

Ashfan Ganatra joined Altico Capital in August 2013.

He has more than 10 years of overall experience cutting across financial reporting, assurance, strategic management, financial planning and investor relations. In his current role, Ashfan is responsible for strategic initiatives at Altico working closely with leadership team across a spectrum of enterprise level endeavours. His role entails engaging with various stakeholders and rolling out various enterprise building and value creation initiatives along with seeing them to completion.

Prior to joining Altico Capital, Ashfan worked with a member firm of Ernst & Young for 6 years where he was responsible for audit of some of the largest financial institutions in India.

Ashfan holds a graduate degree in Commerce from Mumbai University and is a member of The Institute of Chartered Accountants of India.

Gaurav maheshwari
Gaurav Maheshwari
Executive Director - Head of Finance

Gaurav has joined Altico in September 2018 as Executive Director - Head of Finance.

He has over 21 years of experience, working in the finance function across different organizations. Prior to joining Altico, he spent over 17 years at Standard Chartered Bank, India in various roles. In his last assignment at the bank, as the Financial Controller, he was responsible for financial and regulatory reporting, controls, balance sheet and performance management. As a Finance partner, he has worked closely with Retail & Corporate business segments. He has a deep understanding of business drivers and has extensive experience in working closely with businesses to drive performance and influence strategy.

Besides Standard Chartered, Gaurav has worked in Coca-Cola and Reuters.

Gaurav is a Chartered Accountant by profession.

Anita Ferreira
Executive Director – Treasury

Anita Ferreira has joined Altico as Executive Director – Treasury in March 2019.

Anita is responsible for leading Altico’s leverage program. She leads the development and implementation of the organisation’s strategy for raising debt from various sources across diverse instruments and varied tenors within a robust Asset Liability Management Framework.

She has over 18 years of experience spanning domestic and international financial markets, and is proficient in the areas of Corporate Finance, Treasury, Project Finance, Debt Capital Markets, Structured Debt, Domestic and International Debt Syndication. She has in depth knowledge of a range of sectors encompassing Thermal and Renewable Energy, Real Estate, Hospitality, Surface Transport, Social infrastructure having led domestic and international fund-raising mandates in these sectors. Prior to joining Altico, Anita was Executive Vice President and Head – International Business Group with IL&FS Financial Services Limited. Her core competencies lie in raising debt through varied structures and products covering Foreign Currency and Rupee Denominated ECBs, USD and CNH Bonds, Risk participation, structured credits and others. She has an extensive network of relationships with Bank, Multilaterals, Export Credit Agencies and Financial Institutions. An exceptional team leader with excellent relationship management skills and strong analytical and organizational capabilities.

Anita holds a Graduate Degree in Commerce from Narsee Monjee College and a Masters in Management Studies from Mumbai University.

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