Area of expertise:
Business Strategy, Innovation, Corporate Finance

Vikas has close to 25 years of experience spread across management consulting and industry roles. At Intellecap he is focused on developing innovative business models for the majority markets, scale up enterprises and contribute towards solving the jobless growth environment across the developing world.

He has or is closely working with clients like Shell foundation, Hans foundation, WBG, Shakti foundation, FHI360. Most recently he is overseeing the digitization of women centric value chains in rural india by creating a coalition of rural women, processing industry, payment banks, MFIs etc.

Prior to his appointment as the CEO of Intellecap, Vikas was the global head of Consulting, leading a team of 40 + people working across India and Kenya. Prior to joining Intellecap, Vikas was working with Accenture Strategy as Managing Director – Head of the Products industry group. He has also worked with DEN Networks, Tata Sky and A.T. Kearney.

Vikas has completed his Post Graduate Diploma in Management from IIM – Calcutta with Strategy as major subject of his study. He has completed his Bachelor in Engineering from Vivekanand’s institute for Technology.

Intellecap, an Aavishkaar Group company, is a pioneer in building enabling ecosystems across Asia and Africa and channeling capital to create and nurture a sustainable & equitable society announced the appointment of Pramod Kasat as Managing Director – Investment Banking.

Pramod joins Intellecap from IndusInd Bank where he was Country Head – Investment Banking. Pramod Kasat brings over 2 decades of extensive deal experience in India, and has successfully spearheaded investment deals and exits worth more than US$1 billion with specialization in deal origination and structuring of transactions for Indian enterprises with deep insight pertaining to the private equity and structured finance regime in India. Prior to joining IndusInd Bank he was associated with Pioneer Investcorp Limited as Head- Investment Banking in Mumbai. Pramod has also served as a Director at Credit Suisse and in Deutche Bank’s global markets team and also with Citibank.

Elaborating on his vision for Intellecap, Pramod Kasat said, “We are all aware that we need US $ 2 Trillion of capital every year to bridge the needs of Sustainable Development Goal. We all need to contribute to this audacious global goal of reimagining the world and I am committed and convinced that we at Intellecap have a role to play in bringing some part of this capital. Inspired by these gigantic goals and building on the strong pedigree of Intellecap in the impact space, my vision is to use our relationship based approach to direct larger pools of capital toward entrepreneurial venture delivering impact and returns at scale.”

Welcoming Pramod Kasat, Vikas Bali, CEO, Intellecap, said, “Pramod brings a fresh perspective to the vision of Intellecap and I am confident that we have found the right long-term leader and partner in delivering our vision. As Intellecap extends its presence across Asia and Africa, Pramod experience in nurturing entrepreneurial business and diverting mainstream capital to them would help Intellecap contribute significantly towards bridging the capital gap as we move toward the Action Decade for delivering on the Sustainable Development Goals.”

Jayesh Bhatia has over 29 years of experience in the natural resources management and the rural development sector. With post graduate degrees from the prestigious Indian Institute of Forest Management, Bhopal and University of Oxford, Jayesh has worked with a range of organisations and institutions in India. Jayesh is a strategic thinker, problem solver and a leading voice in the social development sector, especially in augmenting livelihoods for the underserved communities.
Jayesh established and scaled NR Management Consultants India Pvt Ltd. NRMC India as a leading development support organisation working extensively in the rural and social development sector in India. Jayesh is adept at scaling up successful pilots across the range of sectors- NRM, WASH, and Rural Livelihood. He has worked extensively with UN organisations, JICA, DFID, the World Bank, State Government departments and Ministries of Government of India. He has also led and coordinated multi-cultural and multi-agency teams in delivering complex assignments for various donors in India, South-East and South Asia and Africa.
As a catalyst for social impact, Jayesh strongly believes in people’s participation in framing policies and has worked on promoting and communicating policy change by working closely with governments, international organizations, donors, NGOs and communities.
Jayesh was awarded the Mitchell Young Scholar award by HARC’s Center for Global Studies and Rice University’s Energy and Environmental Systems Institute to explore the transition to sustainable development.

Area of expertise:
Energy Access, Climate Finance

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Santosh leads the energy and climate change practice at Intellecap. He supports clean energy entrepreneurs with knowledge, network, and capital solutions at Intellecap. He has more than 15 years of experience in Base of the Pyramid (BoP) market development with a focus on energy access, climate resilient agriculture and climate finance. Before joining Intellecap, Santosh was working with the World Bank (South Asia Region) where his work focused on developing affordable clean cooking/energy access solutions, and climate finance interventions for various sectors.

In past, he has worked as Technical Expert for GIZ and led Rural Market Insight program at the Institute for Financial Management and Research. He has also advised Tata Trusts, CLEAN, GIZ and several social enterprises on energy access, result based financing and last-mile distribution models. He has authored several publications on energy access and BoP mar¬kets and presented his work to practitioners and academic audiences. He is a Mathematics graduate and has a post-graduate degree from Indian Institute of Forest Management, Bhopal.

As a seasoned business leader, I have helped in building and scaling business functions and developing organizations. I am experienced in leading talent function and setting up India and international offices for global consulting firms.

My agility in business and the analytical approach to problem solving helps in prioritizing and adapting to rapidly changing complex demands and take up challenging assignments.

Having been a part of the growth story of fast paced organizations like Parthenon-EY, Cedar Management Consulting, HDFC AMC and i-flex Solutions (Oracle) I bring significant value addition to every project I sign up for.

In addition to being a goal oriented strategic thinker and a self-driven go-getter, I have the ability to evaluate business problems from global as well as micro perspective.

As an HR enthusiast, I am eager and intrigued to see how AI and Metaverse would transform the HR Industry and Talent Strategy, they could be game changers if implemented right.

Area of expertise:
Private Equity, Debt Capital Markets, M&A, Corporate Finance and Business Strategy.
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Gagandeep, brings in wealth of knowledge of sectors like Financial services, Healthcare, Agri, Clean Energy and Infrastructure through his work across Investment Banking and Corporate Finance. In his career spanning more than 15 years, he has advised businesses across their growth life cycle and closed deals across sectors. He has led and managed entire transaction processes including financial modeling, valuations, structuring, partner/ investor identification, negotiations, due diligence and
documentation.

Prior to joining Intellecap, Gagandeep worked with esteemed firms like Centrum Capital, SBI Capital Markets and Citigroup. He has done his post-Graduation in Management from University of Nebraska – Lincoln, USA and CFA certification from CFA Institute, USA

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Ashim leads the Debt practice vertical in Intellecap. He has over 2 decades of experience and has been actively involved in fund raising activities through various debt products. Over the years Ashim has worked extensively in Structured Finance & Debt Capital Market space, has advised various corporate clients across sectors & industries and been instrumental in managing transactions ranging from vanilla – term debt to complex structured NCD’s & Securitisations.

Prior to joining Intellecap, Ashim has worked with Equirus Capital, VSICL & PINC. Ashim holds PGDBM from Institute for Integrated Learning in Management – New Delhi & is a Commerce Graduate from Delhi University.

Area of expertise:
Social enterprises, Impact Investing, SMEs, Business Modeling, Business Transformation, Market research, Corporate Strategy, Innovation
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Karnika Yadav is an Associate Partner at Intellecap’s Africa office, leading business consulting and research practice for Intellecap Africa. She has over 12 years of experience in international development and management consulting in Africa and other developing markets . At Intellecap, she is focused on developing innovative business models, scaling up enterprises, designing & implementing solutions for low-income population and contributing towards solving the problem of unemployment and under-employment across the developing world. Karnika has worked on multiple consulting assignments across sectors such as healthcare, agriculture, education, financial inclusion, retail and livelihood.

Prior to joining Aavishkaar Intellecap Group, Karnika was working with a boutique consulting company in East Africa that focused on transforming medium and large businesses into trans-generational enterprises. Karnika’s experience is spread across continents, she has also worked with Ministry of Social Solidarity in East Timor as National Advisor; Expedia-France as Financial Analyst; IBM-India as Technology Architect and General Motors-India as Assistant Manager.

Karnika has a bachelor’s degree in Chemical Engineering from Harcourt Butler Technological Institute, India and a master’s degree in International Business from Grenoble Graduate School of Business, France.

Rahul Agrawal has over 20 years of experience in strategy development and investment planning with expertise in the social development sector. Prior to joining Intellecap, he was the Director at NRMC, an evidence based impact advisory and research firm. His entrepreneurial zeal is guided by the belief that creative disruption through constant innovation is the key to creating large scale impact. In the development sector, Rahul is committed to applying innovative management approaches in solving complex human development issues with an aim to design programs and processes that enable inclusive growth. Over the last two decades, Rahul has led on projects worth over a billion dollars, paving the way for innovative and adaptable solutions for various development challenges. Rahul is passionate about redefining development narratives to design and curate solutions to drive development beyond addressing marginalisation. In his past experience, Rahul has designed and executed greenfield projects in the areas of health and education. Rahul has led on UN and other multilateral/ bilateral agencies supported evaluations on infant and young child nutrition, maternal nutrition, micronutrient supplementation and fortification, child rights and child protection, adolescent health and wellbeing, education. He has been a lead evaluator of the Joint UNICEF-GoB Nutrition Programme and the WFP School Feeding Programme in Bangladesh.
Engaging with governments, development finance institutions, civil society organizations, corporates and foundations in India and South Asia and South East Asia, he has provided technical and programme management advisory to numerous stakeholders, with a strong focus on forging partnerships. He was also nominated as one of the 100 Influencers in India’s Impact Sector in 2018 by Action for India.

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Anand joins us as Partner with the Investment Banking team in Intellecap. He will be based out of our Mumbai office.

He is a Chartered Financial Analyst (CFA) from ICFAI Hyderabad and a Mechanical Engineering Gold Medallist from Visvesvaraya National Institute of Technology (VNIT), Nagpur. He also holds a postgraduate diploma in Investment Banking.

He is a seasoned private equity and investment banking professional with 30 years of experience in structured funding, M&A, private equity and strategic advisory. He has worked across industries and brings significant domain knowledge and relationship across ecosystems. Prior to joining us, Anand was working as an Independent Consultant. Before this, he worked with Nine Rivers Capital as Director – Investment Banking.

He speaks English, Hindi and Marathi. He is a nature enthusiast and an environmentalist. In his free time he maintains landscape garden for his housing society. He can be reached at anand.daga@intellecap.net

Area of expertise:
Impact Investing Ecosystems, Gender Lens Investing and Gender Mainstreaming, Enterprise Support

Amar has over a decade of business consulting and research experience across South and Southeast Asia, East Africa and the USA. He has worked on projects related to women’s entrepreneurship, gender analyses and gender lens investing (GLI), impact investing, SME financing and enterprise support. Amar has a specific interest in gender mainstreaming and has worked extensively on engagements researching and documenting strategies, applications, and utility of investing with a gender lens. He has liaised with diverse stakeholders – LPs, GPs, lenders, entrepreneurs, intermediaries, researchers and policymakers – to identify trends, challenges and opportunities for GLI. Amar has also advised on gender analyses of investors and lenders to create gender action plans to build/strengthen frameworks that enable product-design, sourcing, due-diligence, disbursal and post-disbursal processes that enable the deployment of more capital to women entrepreneurs and with a gender lens; and enable alignment of internal policies to support GLI.

Prior to joining Intellecap, Amar worked with Frost & Sullivan in India and ZS Associates in the USA. He holds a master’s degree in System Engineering from University of Wisconsin, Madison.

At Intellecap, Ashish helps to shape the thinking around solutions that can effectively meet the needs and address the healthcare challenges of the emerging 3 billion. He is actively involved in realizing Intellecap’s vision of leveraging advancements in medical technologies, advanced analytics and digital solutions and bring these right down to the grass-roots in order to tackle the healthcare challenges of the future. Ashish is an expert in innovative care delivery models and Market based Partnerships for health. He has deeply researched trends and the emergence of healthcare consumers and healthcare provider behaviors. An ardent advocate of using information to drive improvements in care, he believes that well-trained, efficient and empowered last mile health workers are the key to deliver sustained health impact. At Intellecap, he is also part of the Better Sanitation Collective and Future of Work initiatives.

Ashish has worked with a diverse set of clients including local, state and national governments, primary care providers, community health workers, hospitals, social-enterprises, start-up companies, think tanks and PPPs. He has designed, led and managed high impact interventions and assessments on Tuberculosis, HIV/AIDS, RMNCH+A, Nutrition/ICDS, WASH and Neglected Tropical Diseases. Ashish has degrees in Genetics, Finance and Marketing.

Mukund has 18 years of diverse experience across Consulting, M&A, Project and Financial Controlling. After his MBA from IIM, Calcutta, he worked in the banking & financial services practice of PwC Consulting for close to 5 years. After that he was part of the M&A team in Siemens India for 6 years and was a financial controller for about 2 years. At Intellecap, Mukund is one of the leaders of the Consulting and Research practice. His work at Intellecap has included helping a leading MFI with their strategic & business planning process, estimating the supply and demand of risk capital to the MSME sector in India, carrying out impact evaluation studies and to manage Intellecap’s incubation services platform.

Susmit joins us as Partner with the Business Consulting & Research team in Intellecap. He will be based out of our Delhi office.

He has completed his Bachelor of Technology (B. Tech.) in Computer Science and Engineering from West Bengal University of Technology and his Post Graduate Diploma in Business Management(MBA) from KJ Somaiya Institute of Management Studies and Research.

Susmit comes with over 13 years of experience in managing, leading and delivering advisory engagements for both public (government) agencies and private enterprises in the field of climate change, low-carbon/climate-efficient development and new energy transitions. He specialises in policy formulation, institutional design, business strategy and implementation planning, feasibility modelling, economic and market (supply/demand) analysis that enabled his teams to deliver to their clients’ climate ambitions and problem statements. He has worked extensively with multilateral/bilateral development funding organizations and for government clients in the developing economies of South/ South-East/Central Asia, East Europe and Africa. He has also co-authored pioneering publications on eco-industrial park development with World Bank Group. Prior to joining us, he worked with various Big 4 organizations and was most recently a Director with EY India’s Business Consulting team.

A graduate of Environmental Science and a Masters’ degree holder in Forestry Management from IIFM (1997), Shailesh started his professional journey with Foundation for Ecological Security, working closely with the village community in the remote area of Munsiari, Uttarakhand on strengthening the institution of Van Panchayats, facilitating community management of natural resources and related livelihoods. In 2000, Shailesh moved to Rajasthan to help the team of Udaipur in its nascent stages to gain ground and work in the domain of Joint Forest Management, conservation and rural livelihoods. Later, he joined the regional team of FES in Rajasthan and led on project designs, implementation support, research and networking with other NGOs, government and donor organizations.

With 10 years of deep implementation experience behind him, Shailesh pursued MPhil in Environment, Society and Development at University of Cambridge and published his thesis on Biofuel Policy in India. Soon after, he undertook research at the University on South-South Cooperation between India and Africa in the sphere of biofuels.

Upon return from Cambridge, Shailesh joined NR Management Consultants and formed part of the small team contributing to its growth story by playing different roles in business development, sectoral assessments, programme design, implementation support and, monitoring and evaluation covering a multitude of thematic areas including climate change, child rights, gender, public policy etc. He has core expertise in and currently leads on Natural Resource Management & related sustainable livelihoods, circularity in Agriculture and, programme and
policy evaluation domains in the organization.

Given the multidimensional nature of his work, Shailesh has worked closely with a range of clients from different sectors and geographies – bilateral/multilateral donors, UN Organizations, International NGOs, NGOs, State and Central Governments, Corporate Foundations and Academia. During the course of his work, he has authored and co-authored several reports and papers. Shailesh is an avid traveller and reader who gets excited with talks of new places and perspectives.

Shruti joins us as Partner with the Business Consulting team in Intellecap. She will be based out of our Delhi office.

She is a Chartered Accountant and holds an MBA from IIM Kozhikode.

Shruti is a passionate social impact consultant with 12+ years of experience in advisory, designing and implementing projects focusing on achievement of Sustainable Development Goals. She has led and guided projects in education, livelihoods, healthcare and gender equality in collaboration with multinational organisations, foundations, corporates, non-profits and government bodies such as NITI Aayog.

She has worked with KPMG, Goldman Sachs, Franklin Templeton in roles covering management consulting, investment research, fixed income money markets and has had experience in multicultural environments across geographies such as US, Africa and Middle East.

She was a Students’ Council member at Indian Institute of Management, Kozhikode, wherein she facilitated all student-related activities. She is a founding member of Women in Management, IIMK and City Chapter Head (Delhi) for IIMK Alumni Association. She has also co-founded Abhiyaan Wealth to promote financial literacy and assist people to build wealth.

Prachi has over 9 years of experience in management consulting, working with organizations like Accenture, KPMG, PwC and Dharma Life in the past. Her work spans across multiple sectors, and countries including India, Bangladesh, UAE, South Africa, Kenya and the UK.

At Intellecap, she manages projects focused on improving energy access in remote off-grid areas in India and Africa. These range from developing market entry strategy for established players, to providing technical and fundraising support to new energy entrepreneurs for commercialization of innovative technologies. She is also actively engaged in designing Smart Village Programs, leveraging digital and social innovation to accelerate rural development, in partnership with multilateral organizations and government agencies. In addition, her work encompasses financial needs assessment of women entrepreneurs in Asia and Africa, leading to recommendations of relevant financial instruments for different entrepreneurial segments. She has also previously designed alternative credit assessment frameworks to improve credit access for rural entrepreneurs.

She is based in Mumbai and manages relationships with multilateral organizations, social entrepreneurs, foundations, investors, corporates and global accelerators.

She has a B.A. (Honours) degree in Economics from Lady Shri Ram College in Delhi University and MBA in Marketing and Strategy from the Indian School of Business.

Area of expertise:
Consumer insights, financial modelling, business model design
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Somatish brings over 13 years of experience in management consulting, Base of the Pyramid (BOP) business models and research. He has worked on international consulting assignments on sustainable BOP business models across sectors including nutrition and healthcare, agriculture and renewable energy. He specializes in consumer research, business research, financial modelling and business plan and business model design. He has worked on research and consulting engagements in India, Indonesia and Africa with MNCs, multilateral institutions, INGOs and other stakeholders in the inclusive business ecosystem.

Earlier Somatish had worked in the equity research and KPO spaces for 7 years in Mumbai during which he was responsible for setting up an equity research team and managing fundamental research on global equities across major sectors. Somatish holds an MBA in Finance from Indian Institute of Social Welfare & Business Management, Kolkata and is a commerce graduate from St. Xaviers’ College, Kolkata.

Anurag brings in over 22 years of experience in project formulation, planning, implementation and management of projects. Anurag has been engaged with different ministries under Government of India, various departments of State Governments, bi-lateral / multi-lateral agencies (UNDP, JICA, World Bank, WSP, Unicef, UNWFP, USAID etc.), INGOs, NGOs and Corporates. He has been involved in project design, business development, project implementation and management. The development sector continues to be his passion, and he has now been consulting on projects of development as Expert of MIS/GIS/Survey & Mapping and Monitoring & Evaluation in different sectors e.g. rural development, agriculture, forestry, livelihoods, child rights, health, nutrition, WASH etc. Presently, he is leading long term JICA assisted Project Management Consultancy (PMC) assignments and is the focal point for clients to ensure quality delivery of consulting services. Before Intellecap, Anurag has worked at NRMC and earlier as an independent consultant, to Agriculture Finance Corporation, South Asia Partnership-India, Deendayal Research Institute etc. and provided inputs on data management, analysis and generation of different thematic reports. Anurag has a Master’s degree with specialization in Management Information System and research Methodology.

Pravanjan has over 17 years of experience in the development sector with his core expertise in project planning, management, monitoring & evaluation, capacity building and action research. Pravanjan has been working on developing solutions to catalyse land rights research, M&E and capacity building in land, livelihoods and forest space. To strengthen the sustainable land ecosystem, he has been vital to the setting up of the Center for Land Governance, a platform that aims to bring together all stakeholders in land governance.

His efforts are to bridge the existing gaps in the land governance space through utilization of knowledge, information, capacity and resources. He is also involved in organizing the India Land and Development Conference (ILDC), an annual international conference hosted by more than 40 partner institutions and organizations globally.

Pravanjan has worked with a diverse set of clients including governments, multilaterals and foundations such as IFAD, DFID, WFP, World Bank, JICA, GIZ, OXFAM, CRS etc. across India and South Asia. He has contributed to projects focusing on tribal development, monitoring, evaluation and implementation of natural resources based livelihood and food security projects primarily for the underprivileged communities.

He has worked with organizations like UNDP, SIDBI, State and Central Government departments. As part of these organizations, he has spearheaded several concept designs, program development and facilitated execution. Pravanjan holds a master’s degree in management from Utkal University and completed his law degree in Environmental Law.
He is practices roof top vegetable farming and volunteers with Bhubaneswar City Farmer’s Association to promote urban farming.

Shubhra has about 10 years of experience in Management Consulting across sectors and has supported clients in various areas including corporate strategy, market assessment, market entry strategy, sales and distribution transformation, capacity building etc. She has run large scale PMUs while also providing program implementation support to the organizations involved.

At Intellecap, Shubhra has been involved in multiple consulting assignments such as undertaking multi-sectoral landscaping studies, designing interventions for underserved communities, conducting capacity building for Government entities and departments, private sector mobilization in nascent segments of the sanitation value chain etc. Prior to Intellecap, she was part of the Strategy and Operations Consulting practice at Deloitte India and specialized in customer and market strategy. She has also worked with Samhita Social Ventures to help develop CSR strategy, program design as well as provide implementation support for channelizing CSR funds of Corporates.

Shubhra has completed her Bachelors in Engineering from K J Somaiya CoE, Mumbai University, India and her Masters in Management from Warwick Business School, United Kingdom.

Siddharth is an impact industry professional with several years of business building and consulting experience. He leads Corporate strategy and Enterprise engagement for the Circular Apparel Innovation Factory (CAIF). His core skill sets include management consulting, business planning, new business development and project management. As an integral part of this initiative, he works closely with key stakeholders within the industry to understand their sustainability agendas and propose suitable solution directions, leads planning and execution of key on-ground circularity and sustainability initiatives, engages with innovative enterprises across the circular value chain and facilitates strategic partnerships. In his previous avatar, Siddharth has also been instrumental in leading business diversification for one of India’s leading retail brands wherein his key initiatives included setting up an online platform, a mass premium apparel brand and a fashion education venture. He holds an MBA from Indian School of Business, Hyderabad (India) followed by an International exchange program from UC Berkeley, Haas School of Business.

William has over 14 years of experience within the development field, having worked with both private and public sector development in sectors such as renewable energy, resilience, climate change, agriculture and agribusiness, public reforms and civic education. He has worked with a vast range of development partners such as the United States Agency for International Development (USAID), Foreign, Commonwealth and Development Office (FCDO), the Rockefeller Foundation, Swedish International Development Cooperation Agency (Sida), Embassy of Switzerland, Embassy of Denmark, among others.

His wealth of experience is in programme and fund set up and management, business development, investee and donor management, capacity assessment and building, and risk management, having developed concepts and proposals, programme design, management various innovation calls and competition and the entire project management cycle, from competition and innovation calls, selection and onboarding of investees, investee management and project close outs. He also has held senior positions in various programmes from both a programmatic as well as financial perspective.

William holds a Bachelor’s degree in Commerce (Finance) from Strathmore University and a Master’s degree in Project Planning and Manamgent from University of Nairobi.

Aali joins us as Principal with the Business Consulting & Research team in Intellecap. She will be based out of our Delhi office.

She is a postgraduate in Sociology from Delhi School of Economics, University of Delhi.

She has 15 plus years of experience working across business development, program management and research. She has worked in multiple sectors spanning across public health, nutrition, economic geography, and social & economic empowerment. She has managed projects for multi-laterals, governments, philanthropies, academic institutions and private sector entities across South Asia and East Africa. She built her foundations in research and data analytics, working on large datasets including Census of India, NSSO and NFHS. She collaborated on various research studies such as unravelling drivers of schooling choices, identifying underlying causes of malnutrition etc. She is the co-author of a book – “Socio-Economic Atlas of India” and has also contributed to editorials in journal articles, books and national dailies. Prior to joining us, she was working with IPE Global Ltd. as Associate Director – Health, Nutrition & Wash.

Mehul is the Manager at Aavishkaar Group, where he is responsible for deal sourcing & execution.

He is also responsible for designing structured products to raise debt for different clients from various sets of investors.

He has approximately 10 years of experience in the field of banking and finance. He has advised for 50+ transactions across various debt market products for the clients from various industries like Food & Agri, Healthcare, Energy and Financial Services (NBFCs). Mehul holds a Masters in Financial Management from University of Greenwich, London (UK) and a Bachelor’s Degree in Commerce from Mumbai University.

Shraddha has over 12 years of experience supporting enterprises in the private and social sector in India and United States. She has worked with these enterprises driving a variety of strategic and operational initiatives. In addition, she has strong expertise in client relations, impact evaluation, and capacity development. At Intellecap, she has worked on projects across sectors such as financial services, gender, livelihoods and WASH. She has co-authored a white paper on the indicators and impact of last mile mobile and internet connectivity. She also manages StartupWave, India – an early stage virtual incubation platform for entrepreneurs. She collaborates with entrepreneurs to develop their ideas, connects them to service providers and helps them develop market linkages.

Previously, she has worked with Grameen America Inc, and Bloomberg LLP. Shraddha has a B.A. in Economics from St. Xavier’s College, an MSc in Economics from University of Warwick and a MPA from New York University.

Ajay Kumar has over 14 years of experience in the corporate and social sector. He has worked in the Livelihoods and Skill Division giving support to program management and office administration. His major support has been in budget preparation and managing financial matters. During his work in projects he also focuses on liaising with the team and streamlining the work. Prior joining to Intellecap, he has been with NRMC and has also been associated with Citibank as Team Leader, where he was leading and managing MIS .

Ajay Kumar holds a MBA degree with specialization in Finance and Administration from Bhagalpur University.

Aditya joins us as Manager with the Business Consulting & Research team in Intellecap. He will be based out of Delhi.

He holds an MBA in Finance majors from IMT Ghaziabad and a Bachelors in Electronics and communications engineering from Guru Gobind Singh Indraprastha University.

Aditya comes with 10 years of experience covering diversified areas such as Relationship management, Credit Risk management, Structured Finance and Credit products scale up for mobilising large capital pools towards inclusive finance, and of late new-age lending with the likes of Fintechs, Green Mobility and logistics.  He has worked across organizations like Royal Bank of Scotland, Northern Arc Capital, A K Capital and Oxyzo Financial services. His body of work spans across multiple sub-sectors in Financial Institutions practice, such as Microfinance, MSME lending, New Age Fintechs in Personal loan and MSME, Affordable Housing and School Infrastructure.

He has worked on a range of products in securitization and structured lending space with Industry first product releases of Replenishment based Securitization and Covered Bonds at Northern Arc Capital. Prior to joining us, he was working with Oxyzo Financials as Head-Products & Alliances, Midmarket & New Age Lending.

He speaks English and Hindi. In his free time, he loves watching football (an ardent Real Madrid fan), he is currently developing a knack for reading intersection of Philosophy and social evolution. He can be reached at aditya.vashisth@intellecap.net

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Ashay has over 10 years of experience in the energy, power systems, and climate change sectors, working in impact-based strategic consulting and market research domains with an in-depth focus on energy transition strategies, policy advocacy, and enterprise support. He is currently involved in designing strategies for energy access, renewable energy deployment, energy storage, blockchain, and e-mobility segments. Prior to joining Intellecap, Ashay has worked with India Infrastructure Publishing and Frost & Sullivan. He holds a master’s degree in business administration from University of Petroleum and Energy Studies and a bachelor’s degree in Chemistry from Delhi University.

Bhumika Jani is a Chartered Accountant with over 10 years of experience in Private Equity and Mergers and Acquisition deals. Successfully worked on transactions across multiple sectors like Consumer, Food and Agri, Ed-Tech, Financial Services, amongst others. She has previously worked with Anand Rathi

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Kavya has 7 years of experience in consulting focused on market and policy research, landscape studies, enterprise development support and monitoring and evaluation across the sectors of renewable energy, climate change, natural resource management, and livelihoods. She has worked with a diverse set of clients including multilaterals and foundations such as The World Bank, FCDO, UNDP, UNICEF, SDC, GIZ, Signify Foundation, Shakti Sustainable Energy Foundation across South Asia, South-East Asia and Africa.

At Intellecap, she is currently providing market and investment readiness support to multiple clean energy enterprises deploying innovative technologies across Asia and Africa. She is actively engaged in conducting market and policy research on development of voluntary and compliance-based carbon markets. She has also undertaken various research assignments focused on market assessments and sizing, strategy design and development, and policy mapping and review in the clean energy and climate change sector.

Prior to this, at IPE Global Limited, she was responsible for business development, program management and implementation, public financial management, policy research and monitoring and evaluation in the sectors of natural resource management, climate change and social protection across Asia and Africa. Kavya has also worked with an agribusiness consulting firm, Indian Agribusiness Systems Pvt Ltd, wherein she conducted quantitative and qualitative data analysis for evaluation projects in India.

Kavya holds a MA in Development Studies from Tata Institute of Social Sciences, Mumbai and a BA (Hons) in Economics from University of Delhi.

Manager :

Kunal joins us as Manager with the Investment Banking team in Intellecap. He will be based out of our Mumbai office.

He holds an MBA in Finance from NMIMS, Mumbai and a Bachelor’s in Finance from S.S. College of Business Studies, University of Delhi. He has also studied and cleared CFA Level 3.

Kunal comes with 7 years of work experience across various domains including, investment banking, corporate M&A / fund raising, and venture capital. He started his career as an investment banking analyst at Goldman Sachs, then later worked as a buy-side corporate M&A manager at InterGlobe Enterprises and OYO Hotels. Prior to joining us, he was working at an early-stage venture capital firm and most recently, working on his own D2C entrepreneurial venture. He has worked on several domestic and international M&A deals, across diverse sectors including, healthcare, consumer retail, travel, hospitality, and tech startups.

He speaks English, Hindi and a bit of Punjabi. In his free time, he loves playing basketball and reading books. He can be reached at kunal.abrol@intellecap.net

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Niharika has 9 years of experience in management consulting, over half of which has been in the development consulting space. She has worked across South-Southeast Asia and East Africa on projects related to gender lens investing, women entrepreneurship and empowerment, impact investing and distributed renewable energy.
At Intellecap, her experience spans market research, landscape mapping, stakeholder engagement, monitoring & evaluation, impact assessment, enterprise sourcing and profiling. Niharika has engaged with women-owned and women-focused enterprises across Asia and Africa to understand their constraints for access to finance, as well as build frameworks to facilitate capital and business support. Some of the clients she has supported include: IDRC, Investing in Women, Plan International, Shakti Sustainable Energy Foundation, JICA among others.
Prior to Intellecap, Niharika was working with Tecnova India as an India-entry Consultant where she led market research and acquisition target identification projects in the space of automotive, consumer products and industrial components with Fortune 1000 companies. She holds a PGDM in International Business from FORE School of Management, New Delhi and B.Tech in Biotechnology from Uttar Pradesh Technical University.
Niharika is an avid painter and traveler, and picked up her passion for photography during her trips.

Pramit joins us as Manager with the Sankalp team in Intellecap. He will be based out of our Mumbai office.

He holds a Bachelor of Science degree in Economics from Symbiosis International University, Pune and an MBA degree in Digital Finance and Banking from O.P Jindal Global University.

He is an impact industry professional with over 8 years of impact consulting, fundraising, and policy research experience. He started his career in the impact industry through Gandhi Fellowship program and then as a senior fundraising associate with Piramal Foundation’s education vertical. He was instrumental in on-boarding Quality Education India – Development Impact Bond for Kaivalya Education Foundation.

Prior to joining us, he was working with the Centre for Social Impact and Philanthropy (Ashoka University) as Senior Manager. He assisted the Centre in providing inputs to SEBI’s Technical Group and ICAI’s Social Auditors Group in drafting financial reporting standards and social audit standards for the proposed Social Stock Exchange. He has also worked in multiple impact advisory projects in sectors such as quality education, health, nutrition, rural development and blended finance.

He speaks English, Hindi and Bangla. In his free time he likes to immerse himself in cooking, playing badminton, watching movies and travelling. He can be reached at pramit.banerjee@intellecap.net

Area of expertise:
Strategy formulation, Market Research, Product and Channel Development, Organizational restructuring, Business Process Reengineering, Design thinking and innovation; Digital technology and channels.

Priya Garg is a Manager with Intellecap’s Business Consulting and Research team. She has over 11 years of experience in leading and executing projects related to inclusive and sustainable development in Asia, Africa and Middle East. Priya has worked on multiple consulting assignments across sectors such as financial inclusion, social payments and refugees, healthcare, agriculture, climate change, digital and fintech.  At Intellecap, Priya is involved in multiple consulting assignments such as undertaking multi-sectoral landscape studies, designing interventions to promote the adoption of digital channels, business planning etc.

Prior to joining Intellecap, Priya worked with MicroSave and Amarante Consulting on assignments focused on financial, economic, and social inclusion by partnering with digital ecosystems participants. She has also worked with Wipro technologies as a software engineer. Priya has a bachelor’s degree from Dr DY Patil University and a master’s degree in rural management from Institute of Rural Management, Anand. She speaks English, Hindi and Punjabi.

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Ruchi brings over 13 years of experience in her capacity as a development professional. She holds an MA in Social Work and an MBA from Warwick Business School, UK. Prior to joining Intellecap, she was working as an Independent Consultant.

In her previous roles, she has worked with non-profits, CSRs and Foundations in South Asia. Her work has entailed thematic areas such as enterprise development, gender, energy access, poverty, skill development and education. Gender, entrepreneurship and energy access are a few of the issues where she has written about in journals and books.

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Sanchita has 9+ years of experience capital raise advisory across debt, structured finance, special situation and private equity as an investment banker. Currently, she is assisting various companies in food and agriculture, healthcare, renewable energy, climate change, circular economy and in other social impact sectors in raising capital from development finance institutions and various other multilateral agencies in India and South Asia. Prior to joining Intellecap, Sanchita has worked with a boutique investment bank AltFort Capital assisting MSMEs in their and has also worked in the legal due diligence vertical of Thomson Reuters. She holds Post Graduation Management degree from MET Institute of Management and Bachelor’s degree in Accounting and Finance from Mumbai University.

Saurabh joins us as Manager with the Business Consulting & Research team in Intellecap. He will be based out of our Delhi office.

He holds a degree in Bachelor of Design (Textile Design) from National Institute of Fashion Technology (NIFT), New Delhi, and is currently pursuing his Executive Masters in Business Administration from NMIMS Mumbai.

Saurabh has over 12 years of experience as a social sector consulting and implementation professional in diverse sectors such as Apparel & Textiles, Ceramics, Handloom & Handicraft, Agri-business & Food Processing, Minor Forest Produce. His expertise has been in structuring, designing and execution of medium and large-scale projects in the areas of rural value chains, skills & employment, livelihoods, education, producer collective promotion, MSME & cluster development, and public policy. He has worked closely with Central/State Governments, Multilaterals (WB, ADB, AfDB, FCDO) & private sector players across India, Bhutan, Bangladesh & Rwanda.

Prior to joining us, he was working with Foundation for Development of Rural Value Chains (FDRVC – a joint initiative of TATA Trusts and Ministry of Rural Development) as a Lead for their Non-Farm vertical. His role at FDRVC involved driving integrated cluster-based livelihood promotion for rural women producers & artisans through setting up of producer-owned enterprises across various rural value-chains, specifically traditional craft-based economic activities such as handloom, handicrafts, NTFPs, etc.

He speaks English, Hindi and Bengali. In his leisure time he loves reading fiction, exploring new places and swimming. He can be reached at saurabh.dey@intellecap.net

Let us welcome Saurabh to the Aavishkaar Group and wish him the very best for his future here with us.

Shweta joins us as Manager with the Business Consulting & Research team in Intellecap. She will be based out of our Mumbai office.

She has completed her Post Graduation from the Indian Institute of Forest Management, Bhopal and her Bachelors in Engineering (Civil) from the National Institute of Technology, Nagpur. She has also completed a year-long senior career program on Tropical Forest Landscapes: Conservation, Restoration & Sustainable Use, from the Yale School of Forestry & Environmental Studies under Yale’s Environmental Leadership & Training Initiative.

She has over 15 years of experience in the socio-environmental space across diverse Indian landscapes, focusing on developing ecology-economy linkages at the landscape scale. Her expertise is in action-oriented research focusing on the economics of ecosystem & biodiversity, forest policies analysis and assessments, integrating sustainability and climate change concerns into public policymaking, and embedding innovative mechanisms & financing of forest and landscape restoration strategies. She has worked closely with international and national think tanks (World Resources Institute), leading development agencies (World Bank and UNDP) and various government agencies on policy-relevant themes. She has conceptualized innovative mechanisms for landscape stewardship, built collaborations and partnerships for extending program impacts, and guided a team of motivated professionals to deliver program results. Prior to joining Intellecap, she was working as the Director of ClayRoot Sustainable Development Foundation (CSDF).

She speaks English, Hindi, Marathi and Odiya. In her leisure time she loves trekking, reading pop-economics books and exploring new places, their cultures and people. She can be reached at shweta.bhagwat@intellecap.net

Let us welcome Shweta to the Aavishkaar Group and wish her the very best for her future here with us.

Stella holds an MBA in Operations Management and a Bachelor of Commerce in Finance.

She comes with 10 plus years of experience with 6 years in project management, particularly in last-mile delivery models that get linked to smallholder farmers with agricultural solutions. Prior to joining Intellecap, Stella was working with the Syngenta Foundation for Sustainable Agriculture as Head of Agri services – East Africa.

She speaks English and Swahili. In her leisure time she enjoys reading and spending time with family and friends.

Area of expertise:
Impact Investing, Investment Banking, Microfinance/Financial Inclusion, Agriculture

Anurag is a partner at Aavishkaar, one of the leading Impact focused Investment funds in India. He has been part of founding team of the group company Intellecap and last served as its CEO.

In the ten years of his association with Intellecap, Anurag set up and built the Company’s Investment Banking Practice. Anurag has also played a key role in incubating I3N, India’s first impact focused angel network. He was also one of the key architects of creating the current group structure of Intellecap and led the efforts of the group in the incubation/acquisition of the 3 NBFCs (IntelleCash, IntelleGrow and Arohan) within the Intellecap group.

In addition to serving on the Board of Intellecap as its CEO, Anurag has in the past served as an Independent Director on the Board of A Little World and Zero Mass Foundation. He represents the Promoter Group on the board of Group Companies Arohan Microfinance, Jainsons Finlease (IntelleGrow) and IntelleCash Microfinance Network.

Before joining Intellecap, Anurag worked at ICICI Bank in the Cash Management Services Department. He has a Bachelor of Business Administration and a Master of Commerce Degree from Madras University, Chennai (India), and a Master of Business Administration in Finance from TA Pai Management Institute, Manipal (India)

Area of expertise:
Venture Capital, Mergers & Acquisition, Fund Design and setup, Blue Economy, Angel Networks, Manufacturing

EN Venkat is a Partner at Aavishkaar Venture Management Services, based out of Mumbai. He is a Partner in the Aavishkaar Frontier Fund (AFF) – which invests early stage scaleable inclusive businesses in Indonesia, Bangladesh and Sri Lanka. AFF Focus sectors – Food and Agribusiness, Livelihoods, WASH and Tech for Development.

Prior to joining Aavishkaar, Venkat has leadership experience of over 15 years of experience in Financial Services and Corporate Sector. In his career he has had a range of roles in operations, startups, financing and advisory services and covered many industry segments in India, Gulf and Hong Kong.

Venkat is a graduate of Indian Institute of Management, Ahmedabad, and Birla Institute of Technology and Science, Pilani. He has spoken at many events on Impact Investing and Startups.

Matangi Gowrishankar has more than 3 decades of professional experience across industries and organizations – both in India and Overseas having lived and worked in the UK & Singapore. Having started her career as a banker with Standard Chartered Bank, she has led the Human Resources function for organizations like Reebok India, GE Capital, Zensar Technologies, Cummins and BP.

Her most recent experience is with BP over the last 13 years where she has led HR across various geographies for countries like Southern Africa, Turkey, Middle East and across the countries in Asia Pacific. In the last four years, she has been the global head of capability development for the downstream businesses of BP and finally leading the global leadership academy in BP University. She continues her association with BP leading some strategic Leadership Development projects

Matangi is on the board of Arohan Financial Services P Ltd. as an Independent Non Executive Director in August 2016.

Matangi is a BA in Sociology with a post graduation in Personnel Management & Industrial Relations from a prestigious educational institution – XLRI.

Mr. Gurjit Singh has served as an ambassador of India to Germany, Indonesia, ASEAN and Timor-Leste, Ethiopia, Republic of Djibouti. He has also represented India to the African Union, UNECA and IGAD and he has also served as a Deputy Permanent Representative of India to UNEP and UN-HABITAT. He has authored four books. He is a chairperson of CII TASK FORCE ON TRILATERAL PARTNERSHIPS IN AFRICA and also a Professor at IIT Indore.

Mr. Gurjit Singh obtained his bachelor’s degree in Politics at the St. Xaviers College, Kolkata. He is a Post Graduate in International Studies from the School of International Studies, Jawaharlal Nehru University, New Delhi. He started his career in Diplomacy with a posting in Japan and with subsequent posting at Sri Lanka, Kenya and Italy.

Area of expertise:
Clean Energy, Climate Finance, Blended Finance, Strategy, Market Feasibility, Framework Development, ESG Reporting.
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Utsav has over 12 years experience in climate change, sustainability, clean energy, entrepreneurship and finance. He has worked in India, the US, Rwanda, Tanzania and is currently based in Kenya. Utsav’s most recent engagement was in the research and design of a pan-Africa blended finance risk mitigation facility for solar energy. He has also conducted sustainability reporting for leading companies in Kenya. His interests

lie in strategy consulting, scaling and financing of new renewable energy technologies and climate finance.

Utsav has a masters in international business from the Fletcher School, Tufts University and a bachelor’s in computer engineering from National Institute of Technology, Kurukshetra.