Team

Our team members pride themselves on their ability to think strategically and tactically. Their goal is to add value to clients by providing high quality advice and execution skills in an independent environment free of conflicts of interest.
In addition to decades of experience in investment banking services, our professionals have gained familiarity in their prior endeavors with a variety of industries.

Our Board Members add an extra layer of experience and depth of knowledge to our team. They are leaders in their respective industries’ practices.

  • Samir-Agarwal
  • Rahul-Bhutoria
  • kamal -singh -bhutoria

Kavita Agarwal

Director

Kavita-Agarwal

Kavita is a Fellow of Chartered Accountants, Associate Company Secretary and Certified Treasury Manager by qualification. She has 15 years of experience in corporate finance including setting up of greenfield project. She has played a pivotal role in business restructuring and deal structuring assignments for leading organizations in diverse industries. At Indcap she is largely responsible for designing growth policies and knowledge management.

Samir Agarwal

Director

Samir-Agarwal

A Chartered Accountant, Company Secretary and Chartered Financial Analyst, Samir was amongst the top 10 rank holders in CFA Final exams. Samir, before promoting Indcap Advisors, had stint with global consultancy firms like Arthur Anderson and Ernst & Young wherein he advised multinational clients like Colgate-Palmolive Inc, Cummins Inc, J P Morgan Chase & Co., American Express Bank, McKinsey Inc, etc. Samir is the force behind the growing footsteps of Indcap across the globe. He has handled various assignments successfully in sphere of mergers and acquisitions, fund mobilization, financial structuring and equity placements. He is also member of the executive sub-committee of Confederation of Indian Industry (CII) and FICCI, Eastern Region.

Rahul Bhutoria

Director

Rahul-Bhutoria

An MBA from INSEAD and Industrial Management graduate from Purdue University (USA) with a minor in Manufacturing Management and finance. He earned his on-job training from ICRA, (associate of Moody’s Investment Service), New Delhi, and Ernst & Young, New Delhi. Rahul initially worked with PwC, Mumbai. At PWC he was involved with mandates in the various sectors including Infrastructure and Pharmaceutical. Given his background in Operations he was also made a part of an upcoming Business Solutions Division at PwC. In past has been involved in advising companies and promoters on growth and future strategies including Growth Capital and Disinvestment.

Our advisory board enables our clients to have access to an independent view and/or a safe place to discuss issues of major significance. They also provide “wise counsel” on issues raised by the owners/directors or management.

  • kamal -singh -bhutoria
  • kamal -singh -bhutoria

OP Singhania

Independent Director

Kavita-Agarwal

O.P. Singhania- Mr. Singhania is a renowned practising Chartered Accountant with over 30 years of experience. He was Chairman of the Raipur Branch of the Institute of Chartered Accountants of India (ICAI), Raipur. He is on the panel of Financial Reporting Review Board of the Institute of Chartered Accountants of India and he has been regularly reviewing the annual accounts of listed companies on behalf of the ICAI. He is also in the panel of Peer Review of ICAI in which the reviewer is required to review the over all working, compliances, reporting etc. of practicing chartered accountants in India. He is also Chairman of Finance and Taxation panel of CII State Council.

Sunil Kalra

Advisor to the Board

Rahul-Bhutoria

Set up a leather apparel manufacturing firm that worked with global designers like Donna Karen, Ann Taylor, J Crew, Eddie Bauer, Next and many more. He exited the export industry in 2002 and later worked with a group of investors to promote Assotech Reality and the University of Petroleum and Energy Studies. And for the past three years, he has been a full-time angel investor. He has invested in some of the most talked about companies including M Power, Kwench, Innovize Tech, Taxspanner.com, Exclusively.in, BuyThePrice.com, Druva and WebKlipper. He is also part of the India Angel Network (IAN)

Deepayan Mohanty

Advisor to the Board

Rahul-Bhutoria

An engineer from IIT, Kharagpur and an MBA from IIM. He was the Vice Chairman at Cargill India Pvt. Ltd. He is a expert in trade and structured finance. He has also been actively involved in Value Investments, M& A, Investments, foreign exchange and Fixed Income Trading

The individuals that comprise the Indcap Senior team have a variety of backgrounds and share a common commitment to achieving outstanding results for our clients.

  • KEERTHI
  • kamal -singh -bhutoria
  • Samir-Agarwal
  • Rahul-Bhutoria
  • kamal -singh -bhutoria

Keerthi Narayanan

Managing Partner

Kavita-Agarwal

Career Banker with about 30 years’ experience handling Corporate and Investment Banking, SME Banking and forex and treasury operations. Worked in all major cities across India and has managed multi-cultural teams. Well versed with all banking products in the areas of working capital, project funding, forex and treasury management, trade finance, mergers and acquisition financing, cross border transactions, and need based structured banking solutions. Handled a large portfolio of corporate clientele including large corporates, MNCs and emerging corporates mainly in the textile, power, infrastructure, pharmaceuticals and food processing.

Siddharth Dugar

Managing Partner

Kavita-Agarwal

Having worked almost for 10 years in treasury advisory and strategic markets group of India’s largest private sector bank, he has tied hands with Indcap to add new dimension of treasury and risk management services. His in-depth treasury proficiency and hands on financial risk management strives us to achieve excellence and specialization across range of financial services. In his previous stint, he has handled portfolio of large corporate houses and is well versed with Corporate Finance, Fund raising, Risk Management and Financial structuring. Siddharth Dugar is Fellow Chartered Accountant and commerce graduate by qualification.

Rajat Bhandari

Managing Partner

Rajat Bhandari

A Masters in Management from Imperial College, London and a B.Engg(Hons) in Mechanical Engineering. For more than 6 years he was at the Emerging Market Desk at Barclays Capital, London. He was involved with dealing in structured product for BRIC countries. Over the past few years he has been advising promoters and companies on various M&A and Private Equity opportunities.

Vikram Kr. Singh

Senior Vice President

Vikram-Singh

Vikram, a Chartered Accountant and a Commerce Graduate from St. Xavier’s College, Kolkata, joined INDCAP in 2008. He has over 10 years of post- qualification experience in Mergers & Acquisitions and Transaction Advisory . He is an astute financial analyst who effortlessly comprehends the financials. During his previous stint, he has worked on several M & A assignments of corporate such as Holcim, ACC, Ambuja, TRF, SREI, and Khadims which helps us leverage his knowledge for our Clients.

Rajesh Gude

Assistant Vice President

Vikram-Singh

An MBA, with rich experience of a decade wherein he sourced and negotiated various mandates for raising debt capital for companies across sectors.

Ashwini Gupta

Vice President

Vikram-Singh

A Chartered Accountant and PGDMA in Finance from Symbiosis. He has more than ten years of experience in the area of Project Appraisal, Feasibility Studies and Fund Raising in diversified sectors.

Dheeraj Aswani

Senior Vice President

Dheeraj

An MBA in Banking & Finance with over 12 years of hands on experience in corporate finance. He has successfully syndicated debt of more than INR 150 billion and INR200 billion of debt restructuring till date. He is focused on debt and corporate advisory.