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Ajay Garg

Managing Director

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.

Deepak Singhal

Former Executive Director, Reserve Bank of India Mr. Deepak Singhal is the Independent Director on the Board of Equirus Capital.

Mr. Singhal has an experience of over 3 decades with the Reserve Bank of India and a record of successful delivery through a range of challenging and diverse assignments. As Regional Director, he headed the crucial New Delhi Office of RBI for over two years.

Mr. Singhal has handled key responsibilities in Human Resource Management, Information Technology, Corporate Strategy, Budgeting and Corporate Services. He was responsible for issue of detailed guidelines on implementation of Basel III and for assessment of additional capital requirements for Indian banks to meet Basel III minimum ratio till March 2018. He retired as the Executive Director in 2019.

Mr. Singhal has a Bachelor's and a Master's Degree in Business Administration from Allahabad University. He is Certified Associate of the Indian Institute of Bankers and has done a Post Graduate Programme in Rural Management from Jaipur.

Ajit Deshmukh

Managing Director

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.