Leadership Team

Ambit’s team consists of industry experts, who bring together thought leadership and experience, to design intelligent solutions
  • ashwini-kakkar

    ASHWINI KAKKAR

    Chairman

     

    Mr. Ashwini Kakkar is the Chairman of the Ambit Board of Directors. He has been on the Ambit board since 2005 and was appointed Chairman, Ambit Board of Directors in April 2013.

    Mr. Kakkar has worked in many prestigious organisations including Otis Elevator Co, Philips India Ltd., International General Electric India Ltd and subsequently Thomas Cook India Ltd. At Thomas Cook, he was not only managing the Indian Company, but also handling operations in the region from Singapore to Egypt and was inducted as a Director on their worldwide Board. In 2006-07, he turned entrepreneur and is now involved in Mercury Travels Ltd., Mercury Himalayan Exploration, Via.Com, Explore Broadcasting Ltd. and Akshay Software Pvt. Ltd.

    A distinguished member of the Institute of Directors, London, Mr. Kakkar was knighted by the French Government in 2007 with the ‘Chevalier De L’Ordre Merite’ (equivalent of the Padma Vibhushan in India).

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  • Rama Bijapurkar

    Rama Bijapurkar

    Director

     

    Rama Bijapurkar serves on the Board of Ambit, as Independent Director. A dominant voice in the Indian media on business and policy issues, she is a recognized thought leader on business-market strategy and on India’s consumer economy.

    Rama has previously worked with McKinsey and Company, Marg (now AC Nielsen) and Hindustan Lever Ltd. (now Hindustan Unilever Ltd.). She has her own consulting practice which she describes as “bringing market focus to business strategy” and works across a range of sectors and types of organisations.

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  • thorat

    Dr.Y.S.P. Thorat

    Director

     

    Dr. Y.S.P. Thorat serves on the Board of Ambit, as Independent Director. Lauded for his contribution to the field of microfinance, he has also been on the Governing Board of several educational institutions.

    Dr. Thorat started his career in the Reserve Bank of India (RBI) in 1972. While at RBI, he was also appointed as Principal at Bankers Training College (Mumbai), Regional Director for New Delhi, Maharashtra and Goa, and Chief of Rural Planning and Credit Department of RBI. He was also the Dean of School of Liberal Education, at the Foundation for Liberal and Management Education, ‘FLAME’, Pune.

     

  • Naveen-Kshatriya

    Naveen Kshatriya

    Director

     

    Naveen Kshatriya serves on the Board of Ambit, as Independent Director. He has a proven track record of delivering extraordinary growth in the businesses he has led.

    Naveen has previously worked in top management level positions at Castrol India, Unilever Arabia and BP plc. He has over 4 decades of international experience with Unilever and BP-Castrol, having worked in the UK, Middle East and Far East. He has practiced Marketing and Customer Management through most of his early 23 years with Hindustan Unilever and Unilever International. While at BP-Castrol, he was on the global leadership team of BP-Castrol lubricants for 7 years.

    A distinguished member of the Institute of Directors, London, Mr. Kakkar was knighted by the French Government in 2007 with the 'Chevalier De L’Ordre Merite' (equivalent of the Padma Vibhushan in India).

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  • Pradip Shah

    Pradip Shah

    Director

     

    Pradip Shah is Independent Director on the Board of Ambit. He has previously assisted in founding Housing Development Finance Corporation (HDFC), India's first retail housing finance company. He also helped establish the Indocean Fund, a pioneer foreign India-dedicated private equity fund, in association with affiliates of Chase Capital Partners and Soros Fund Management. Apart from that, he has co-founded the AMP - IndAsia India Fund in association with AMP. In April 1998, he started IndAsia, a corporate finance and investment advisory business.

    Pradip has also been associated with several non-profit organisations as Trustee/Governing Council Member.

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  • Bernard-Barbour

    Bernard Barbour

    Managing Director and Head, Legal & Sharia Affairs/Company Secretary, at QInvest LLC

     

    Bernard is the Managing Director and Head, Legal & Sharia Affairs/Company Secretary, at QInvest LLC.

    He has more than 20 years of extensive experience in financial legal systems and garnered from legal, regulatory exposure and an academic teaching career in financial, fiscal and contract law in leading universities of Lebanon. Bernard was responsible for drafting the Islamic Finance Regulatory framework in the Republic of Lebanon, legislative prepositions to payment systems such as credit cards debit cards, settlements, clearing E-checks, E-money and netting among others.

    His different job roles and responsibilities gained him a rare experience in both regulatory and legal aspects of banking and financial operations (Islamic and Conventional) operating under Civil and Common law jurisdictions.

    Bernard holds an LLM degree in European law from Lausanne University, Switzerland, and an LLM degree in International Economic Law from Geneva University, Switzerland, a B.A. in Law from the Lebanese University, and a Diploma in English Legal Methods from Cambridge University, England. He is fluent in Arabic, French and English.

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  • Ashok Wadhwa

    Ashok Wadhwa

    Group Chief Executive Officer

    Ashok Wadhwa is the Group Chief Executive Officer of Ambit.

    Alongside Ambit, he co-founded RSM & Co., a tax advisory firm. He built RSM into a world class Indian consulting house over a decade, which was then merged with PricewaterhouseCoopers in 2007.

    Ashok is responsible for building Ambit into a full-service Investment Bank that it is today. Ambit currently has seven lines of businesses, including its reputed, flagship Corporate Finance business.

    Ashok is regarded as an incisive investment banker and has handled a large gamut of transactions across sectors and geographies. Lauded for his excellence in the field of finance, he is the recipient of several awards, including the Priyadarshini Academy award for outstanding contribution in the field of financial management.

     
    • Other Past Board Responsibilities
      Other Past Board Responsibilities

      Managing Partner, Arthur Andersen in Mumbai

      President of Bombay Chambers of Commerce and Industry (BCCI)

      Member, Managing Committee, Federation of Indian Chambers of Commerce and Industry (FICCI)

      Member, Managing Committee, Young Presidents’ Organization (YPO)

    • Qualifications and Contributions
      Qualifications and Contributions

      Ashok is a law graduate from the University of Mumbai. He is a qualified Chartered Accountant from the Institute of Chartered Accountants of India.

  • rahul_gupta

    Rahul Gupta

    Co-Group Chief Executive Officer

    Rahul Gupta is the Co-Group Chief Executive Officer of Ambit Group and has been with Ambit since 2011. Rahul’s career in financial services spans over 30 years, across all of the major Asian economies, and has a formidable reputation as an Asian financial services expert.

    Prior to returning to India, Rahul was a Member of the Board of Directors, Senior Managing Executive Officer and Chief Financial Officer of Shinsei Bank, Japan. He was the first Indian ever to be appointed to the Board of Directors of a Japanese financial institution. In reporting his departure, The Wall Street Journal, Asia noted that, “without the initiative led by Mr. Gupta to buyback capital at distressed levels, Shinsei Bank could have lost an additional 95 billion yen (over USD 1 billion) in fiscal years 2008 and 2009."

    Rahul has also served as the Managing Director and Group Financial Controller of DBS Bank, Singapore and Chief Controller - Asia at Deutsche Bank AG, Asia Pacific Head Office, Singapore and Chief Controller - India for Deutsche Bank AG, India. He has held senior positions at both, HSBC and Societe Generale, India.

     

     
    • OTHER CURRENT COMPANY DIRECTORSHIPS
      OTHER CURRENT COMPANY DIRECTORSHIPS

      Member, Board of Directors, SICOM, India representing J.C. Flowers & Co

    • OTHER PROFESSIONAL INVOLVEMENTS
      OTHER PROFESSIONAL INVOLVEMENTS

      Senior Advisor, Oliver Wyman

    • Other Past Board Responsibilities
      Other Past Board Responsibilities

      Member, Board of Directors, Shinsei Bank (Japan)

    • Qualifications and Contributions
      Qualifications and Contributions

      Rahul holds a Masters in Marketing Management from Jamnalal Bajaj Institute of Management Studies, University of Mumbai. Rahul has a Bachelor’s of Commerce (Honours) degree from University of Delhi.

  • sanjay-sakhuja
    sanjay-sakhuja tab

    Sanjay Sakhuja

    Chief Executive Officer, Principal Investment

    Sanjay Sakhuja leads the Principal Investment and Structured Finance businesses at Ambit, as Chief Executive Officer. He joined Ambit as Managing Director in the Mergers and Acquisitions practice in August 2003 and led it from 2009 to 2013.

    Prior to joining Ambit, Sanjay has worked with Lazard, Arthur Andersen, Indal and Citibank. At Ambit, he has worked across verticals, from Banking to Financial Services and Insurance and has advised numerous local and global clients on Mergers and Acquisitions, Divestitures and Fund Raising transactions.

     

    • Qualifications and Contributions
      Qualifications and Contributions

      Sanjay is a qualified Chartered Accountant. He has also completed the Advanced Management Program from Wharton Business School and holds a B.A. (Hons) in Economics from St. Stephens College, Delhi.

  • Ashok Wadhwa

    Ashok Wadhwa

    Group Chief Executive Officer

    Ashok Wadhwa is the Group Chief Executive Officer of Ambit and also spearheads the Corporate Finance division.

    Alongside Ambit, he co-founded RSM & Co., a tax advisory firm. He built RSM into a world class Indian consulting house over a decade, which was then merged with PricewaterhouseCoopers in 2007.

    Ashok is responsible for building Ambit into a full-service Investment Bank that it is today. Ambit currently has seven lines of businesses, including its reputed, flagship Corporate Finance business.

    Ashok is regarded as an incisive investment banker and has handled a large gamut of transactions across sectors and geographies. Lauded for his excellence in the field of finance, he is the recipient of several awards, including the Priyadarshini Academy award for outstanding contribution in the field of financial management.

     
    • Other Past Board Responsibilities
      Other Past Board Responsibilities

      Managing Partner, Arthur Andersen in Mumbai

      President of Bombay Chambers of Commerce and Industry (BCCI)

      Member, Managing Committee, Federation of Indian Chambers of Commerce and Industry (FICCI)

      Member, Managing Committee, Young Presidents’ Organization (YPO)

    • Qualifications and Contributions
      Qualifications and Contributions

      Ashok is a law graduate from the University of Mumbai. He is a qualified Chartered Accountant from the Institute of Chartered Accountants of India .

  • Rahul Gupta

    Co-Group Chief Executive Officer

    Rahul Gupta is the Co-Group Chief Executive Officer of Ambit Group and has been with Ambit since 2011. Rahul’s career in financial services spans over 30 years across all of the major Asian economies and has a formidable reputation as an Asian financial services expert.

    Prior to returning to India, Rahul was a Member of the Board of Directors, Senior Managing Executive Officer and Chief Financial Officer of Shinsei Bank, Japan. He was the first Indian ever to be appointed to the Board of Directors of a Japanese financial institution. In reporting his departure, The Wall Street Journal, Asia noted that, “without the initiative led by Mr. Gupta to buyback capital at distressed levels, Shinsei Bank could have lost an additional 95 billion yen (over USD 1 billion) in fiscal years 2008 and 2009.”

    Rahul has also served as the Managing Director and Group Financial Controller of DBS Bank, Singapore and Chief Controller - Asia at Deutsche Bank AG, Asia Pacific Head Office, Singapore and Chief Controller - India for Deutsche Bank AG, India. He has held senior positions at both, HSBC and Societe Generale, India.

     
    • OTHER CURRENT COMPANY DIRECTORSHIPS
      OTHER CURRENT COMPANY DIRECTORSHIPS

      Member, Board of Directors, SICOM, India representing J.C. Flowers & Co

    • OTHER PROFESSIONAL INVOLVEMENTS
      OTHER PROFESSIONAL INVOLVEMENTS

      Senior Advisor, Oliver Wyman

    • Other Past Board Responsibilities
      Other Past Board Responsibilities

      Member, Board of Directors, Shinsei Bank (Japan)

    • Qualifications and Contributions
      Qualifications and Contributions

      Rahul holds a Masters in Marketing Management from Jamnalal Bajaj Institute of Management Studies, University of Mumbai. Rahul has a Bachelor’s of Commerce (Honours) degree from University of Delhi.

  • sanjay-sakhuja
    sanjay-sakhuja tab

    Sanjay Sakhuja

    Chairman, Ambit Finvest

    Sanjay Sakhuja leads the Principal Investment and NBFC businesses at Ambit.He joined Ambit as Managing Director in the Mergers and Acquisitions practice in August 2003 and led it from 2009 to 2013..

    Prior to joining Ambit, Sanjay has worked with Lazard, Arthur Andersen, Indal and Citibank. At Ambit, he has worked across verticals, from Banking, to Financial Services and Insurance and has advised numerous local and global clients on Mergers and Acquisitions, Divestitures and Fund Raising transactions.

     

    • Qualifications and Contributions
      Qualifications and Contributions

      Sanjay is a qualified Chartered Accountant. He has also completed the Advanced Management Program from Wharton Business School and holds a B.A. (Hons) in Economics from St. Stephens College, Delhi.

  • gautam_gupte

    GAUTAM GUPTE

    Chief Operating Officer

    Gautam is the Chief Operating Officer. Prior to this he was a Director in the Corporate Finance business at Ambit, where he was responsible for origination and execution of capital market transactions.

    Gautam has been with Ambit since 2001. With over twenty years of corporate finance experience, he specializes in advising clients on the SEBI Takeover Code, SEBI ICDR listing and other capital market regulations.

    Prior to joining Ambit, Gautam was associated with SBI Capital Markets Limited for nine years.

    Gautam holds a Bachelor’s degree in Mechanical Engineering from IIT, Delhi and a Post Graduate Diploma in Management from IIM, Calcutta.

  • vikrant-narang_big

    VIKRANT NARANG

    CEO, Structured Finance

    Vikrant Narang leads the structured finance business at Ambit.

    Prior to joining Ambit, Vikrant was a senior member of the KKR (NBFC) business. Previous to which, he was a Director at Barclays where he was responsible for client coverage across large Indian Groups, mid-market clients and Financial Sponsors. He also worked with other institutions like ABN Amro and PwC.

    With over 15+ years of experience in financial services industry, Vikrant has extensive experience across structured credit, acquisition financing, syndicated loans and corporate finance advisory in onshore and offshore markets. He has also been involved in capital raising initiatives

    • Qualifications and Contributions
      Qualifications and Contributions

      Vikrant holds a Bachelor in Arts (BA) with honors in Economics from Delhi University. He is also a qualified Chartered Accountant from the Institute of Chartered Accountants of India.

  • Sushant

    SUSHANT BHANSALI

    Managing Director & Head - Principal Investment

    Sushant Bhansali is a Managing Director & Head of the Principal Investment business at Ambit, and has been with Ambit since 2008.

    Prior to joining the Principal Investment business in 2013, Sushant was part of the Group CEO office and was responsible for new client acquisition, business development and performance analysis across all verticals in Ambit. Sushant has previously worked with Morgan Stanley Capital International and PricewaterhouseCoopers.

    • Qualifications and Contributions
      Qualifications and Contributions

      Sushant is a qualified Chartered Accountant and has completed his MBA from the Indian School of Business, Hyderabad (ISB). He holds a B.Com. (Hons) in Accounting.

  • k-m-jayarao

    K M Jayarao

    Executive Vice Chairman - Ambit Flowers Asset Reconstruction Company

    K M Jayarao is the Executive Vice Chairman, Ambit Flowers Asset Reconstruction Company Pvt. Ltd. (AFARC).

    K.M. Jayarao is a former ICICI Bank veteran. In his 35 years with ICICI Bank including the erstwhile ICICI Limited, he started his career in the Project Finance Group until recently, as Head – Strategic Solutions Group. He was also heading the Global Credit Risk Management Group.

    He has extensive experience in Project Appraisals, Investment Banking, Risk Management and Credit Middle Office. Jayarao has handled the stressed assets portfolio of the Bank and was involved in restructuring, recovery and sale of nonperforming assets. As part of restructuring, Jayarao created value through innovative solutions such as financial re-engineering, change of management, divestment of non-core assets and assisting the corporate in productivity improvement through management intervention.

    He was also involved in drafting operating guidelines for corporate debt restructuring under the aegis of Reserve Bank of India (RBI). Jayarao is an active member of Corporate Debt Restructuring platform. He has also served as a nominee of ICICI Bank on the Board of Asset Reconstruction Company (India) Ltd. (ARCIL). Apart from being a Board member, he has also served as Member of Audit Committee, Trustee Committee and Remuneration & Nomination Committee.

  • Ambit

    Sanjay Agarwal

    CEO, SME Finance

    Sanjay Agarwal leads the SME and Retail Lending business at Ambit.

    Prior to joining Ambit, Sanjay set up Finmax and sold the SME business to Ambit Finvest. Sanjay has more than two decades of rich experience in the SME lending space, having previously worked with Yes Bank  as Senior Vice President & Business Head (Banking) for almost a decade and Standard Chartered Bank as Head of Risk (SMEs). He also worked with Centurion Bank of Punjab, Global Trust Bank and SBI Commercial & International Bank Ltd (formerly BCCI).

    He was conferred with “Professional Achiever’s (Financial Sector) Award" in 2010 for his exceptional achievements as a professional by Institute of Chartered Accountant of India (ICAI) and Certificate of Recognition for enhancing brand image of ICAI in 2015. 

     
    • Qualifications and Contributions
      Qualifications and Contributions

      Sanjay is a Chartered Accountant and Cost Accountant (Rank holder) from The Institute of Cost and Works Accountants of India and a Bachelors degree in Commerce from Mohanlal Sukhadia University. 

  • Leadership-Team-Banner-1

    VIKAS KHATTAR

    Managing Director & Head, Equity Capital Markets and Financial Sponsors Group

    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 also on the Board of Association of Investment Bankers of India (AIBI).

     

     

     

    • Qualifications and Contributions
      Qualifications and Contributions

      Vikas Khattar holds a PGDM from the Indian Institute of Management Calcutta and a Bachelor’s of Mechanical Engineering degree from BITS Pilani. He is also a CFA Charterholder.

  • Leadership-Team-Banner-2-Nitin-Bhasin

    NITIN BHASIN

    Managing Director & Head of Equities Research, Institutional Equities, Ambit Capital

    Nitin Bhasin heads the research team at Ambit Capital and predominantly covers Engineering & Construction, Infrastructure, Cement and Building Materials sector. He has over 16 years of experience, including 14 years in equity research.

    Prior to joining Ambit, Nitin has worked with Execution Noble, Kotak, Emkay and Way2Wealth where he covered diverse sectors in India.

     

    • Qualifications and Contributions
      Qualifications and Contributions

      Nitin is a Charted Accountant, Company Secretary and a CFA (Level-II) and holds a Masters degree in Accounts, Statistics and Financial Management from Kurukshetra University.

  • Saif Attar

    Saif Attar

    Advisor

    Saif Attar is an Advisor and has been with Ambit Group since December 2005.

    Prior to joining Ambit, he worked with Ernst & Young, as the Group Financial Controller. Previously, he has held positions with KPMG in the Middle East and Banking and Financial Services practice of Arthur Andersen in India. Whilst at Andersen, he moved to Practice Management and also acted as guide to the Finance function of the Andersen practices in South Africa, Israel and parts of the Middle East.

    Saif played an important role in managing the change due to mergers of well-known firms - Andersen with Ernst & Young (2002) and RSM with PricewaterhouseCoopers (2007).

     

    • Qualifications and Contributions
      Qualifications and Contributions

      Saif is a qualified Chartered Accountant and a Company Secretary.

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