A Financial Services Provider
Driven by Focus, Innovation and Trust

Ajay Garg

Ajay Garg is the founder of Equirus Capital. Ajay is a veteran investment banker, with over 22 years of experience in Investment Banking. He is acknowledged as being amongst the top deal makers in the country. He started his career with DSP Merrill Lynch where he was involved with several landmark deals during his stint there between 1996–2002. Prior to setting up Equirus in 2007, he was the group CEO of a leading investment bank which he co founded. Ajay holds a first degree in engineering and is a post graduate in management from IIM, Ahmedabad. Ajay can be reached at ajay@equirus.com

Rajiv Agarwal

Rajiv Agarwal is currently associated with the private equity set-up of Rare Enterprises ("Rare") as a Principal. Rare enterprises is an asset management firm owned by Mr. Rakesh Jhunjhunwala.

He started his career with Accenture in 1993 and spent 12 years consulting with over 70+ organizations in India, Europe, South East Asia and Middle East. During this period he has worked in diverse industries such as Airlines, Biotechnology, Chemicals, Engineering and Construction, Iron and Steel, Pharmaceuticals and Oil & Gas. Rajiv joined Rare Enterprises in 2005 to assist Mr. Rakesh Jhunjhunwala with his investments in sectors such sectors such as education and healthcare, digital media, oil & gas, healthcare and biotechnology. Rajiv is a B. Tech-Chemical Engineering from Banaras Hindu University. Rajiv currently holds Directorship with Aptech Ltd., Care Hospitals, Hungama Digital Media Entertainment Pvt. Ltd., John Energy and Concord Biotech.

Sivaraman N

Mr. Sivaraman is a seasoned business leader with a 34- year track record with the L&T Group, most recently (till April 2016) as President and Whole Time Director with L&T Finance Holdings (LTFH) which was the holding company for L&T’s Financial Services business.  Sivaraman’s range of accomplishments centre on leading a small company or platforms through transformational growth into admirable organisations and providing exceptional leadership to produce differentiated outcomes.  

He joined LTFH in 2006 when the balance sheet was below Rs.3000 crore with PAT below Rs. 30 crore. Balance sheet grew to Rs. 57000 cr and PAT of Rs. 857 crore by March 2018 by widening and deepening the offerings. He led its inorganic expansion into housing, two wheelers and asset management businesses – all of which have grown in size and profits on his watch. Key transactions include the Fidelity acquisition and building it into a Rs 25,000 crore AMC with 40% of assets in equity.  L&T Finance started out with [600 employees], it currently has around 12,000 employees. He spearheaded its listing in 2011.

Whilst at L&T in the period immediately before joining LTFH, Sivaraman handled M&A and IR (2000-2006) led the demerger of cement business and subsequent acquisition by Grasim, including the buyout of Grasim’s stake in L&T by an innovatively funded Employee Welfare Trust. As Treasurer between 1995-2000, he executed the acquisition of Narmada Cement, structured L&T’s first BOOT financing and eventual profitable exit and structuring and raising debt from capita markets for a BOLT project. Earlier he held assorted roles heading accounts in several L&T businesses and sales regions.

Ajit Deshmukh

Ajit Deshmukh has over 25 years of management and leadership experience. He has been associated with Equirus in leading the technology space and had played a leadership role in cross border Mergers and Acquisitions (M&A) and fund raising for technology companies in IT industry & Investment Banking industry. Prior to joining Equirus he was the founder of Wizarth Advisors, a boutique investment banking firm that offered financial advisory service to cross boarder M&A transactions.

Mr. Deshmukh has been working with founders of IT companies and CEOs of High growth companies in their Inorganic Initiatives. He brings in an unique combination of understanding of Technology, Business, Entrepreneurship allowing him to be an Advisor of choice for several companies. He has successfully handled Technology leadership positions at Citigroup and US Dept. of Defence. Ajit has nearly 15 years of experience as a successful entrepreneur in IT and Financial services. He is a Post Graduate from NCST and BE in Electronics from Mumbai University. Ajit can be reached at ajit.deshmukh@equirus.com

Harsh Dugar

Harsh Dugar is the Head of the Wholesale Banking Division at The Federal Bank Ltd. He joined Federal Bank in 2016, after completing 20 years in Corporate Banking, HDFC Bank.

Mr Dugar brings along a significantly rich expertise in the field of Corporate Banking which spans across various Verticals and Geographies. His scope of work extends Pan India with complete responsibility on various aspects under Corporate, Institutional and Commercial Banking.

He holds a Bachelor’s Degree with Honours in Accounting & Finance from the University of Calcutta as a University Topper. He is a qualified CWA with All India Rank holding and holds a Gold Medal in CFA along with an All India Rank . He was also a part time faculty with ICFAI Business School, Kolkata during his initial career.