Aditya Birla Financial Services Group strengthens the team at Aditya Birla Private Equity

Aditya Birla Financial Services Group (ABFSG) has announced an expansion of its investment team at Aditya Birla Private Equity, naming Amitvikram Sharma as an additional ‘Investment Director’. Aditya Birla Capital Advisors Private Limited, the investment management company for Aditya Birla Private Equity Funds has appointed P. H. Ravikumar as an independent director to its Board of Directors and has inducted Shailesh Haribhakti as a member of the Advisory Board of Aditya Birla Private Equity – Fund I. 

The move aligns with the strategy of Aditya Birla Private Equity to continuously strengthen the capabilities of its investment team and enhance its governance capabilities consistently so that it is advantageously positioned in the ever-changing business landscape. 

Commenting on the developments, Bharat Banka, Chief Executive Officer, Aditya Birla Private Equity, said, “The induction of an additional Investment Director underscores our commitment to building an exceptional investment team at Aditya Birla Private Equity that capitalises on emerging opportunities and delivers strong results, in keeping with investor and shareholders’ interest. The fresh expertise we have on board with addition of eminent professionals like Ravikumar and Haribhakti will contribute immensely to our growth objectives and the highest governance standards, especially at a time when we are ready to capitalise on strategic opportunities offered by a changing India.” 

In his new role, Amitvikram will be responsible for originating investment deals, taking investment calls, managing portfolio companies, raising Fund(s) and maximising investment performance. He joins Rahul Shah, another Investment Director at Aditya Birla Private Equity and a veteran in the private equity industry, and will functionally report to Bharat Banka, Chief Executive Officer. 

Amitvikram joins Aditya Birla Private Equity from Milestone Religare where he was a Partner. An MBA from IIM, Lucknow, he has spent over 20 years in the Indian venture capital and private equity space, having worked with investment firms like Actis (erstwhile CDC), Jardine Fleming Electra, Madison Capital and Gujarat Venture Finance. To his credit, Amitvikram has managed deals across sectors like education, healthcare, automotive, manufacturing, infra, media, technology and chemicals. He has executed multiple exits across funds, ranging from exits on stock exchanges to trade sales and structured exits through reverse merger with listed company. 

Aditya Birla Capital Advisors Private Limited (ABCAP), the investment management company for Aditya Birla Private Equity, has recently inducted P. H. Ravikumar as an independent director to its Board of Directors. Ravikumar has been a veteran professional, a founding MD of National Commodities and Derivatives Exchange (NCDEX), having previously worked with Bank of India and ICICI. Currently, he is an independent director on the boards of several companies including Federal Bank. He joins the other independent director on the board of ABCAP, G. P. Gupta, who was earlier Chairman at the IDBI and the UTI. 

Aditya Birla Private Equity also inducted Shailesh Haribhakti as a member of the Advisory Board of Aditya Birla Private Equity – Fund I. Regarded as a torch bearer of the Indian accountancy profession, Haribhakti is Executive Chairman and Managing Partner at BDO. He is member of the Standard Advisory Council of International Accounting Standards Board (IASB) and a recipient of “The Best Non Executive Independent Director Award – 2007” from the Asian Centre for Corporate Governance & IMC. He joins the other eminent members on the Advisory Board i.e. R. C. Bhargava, Chairman, Maruti Suzuki India Limited and Prof. Ashok Misra, ex-Director at IIT Bombay.