
Cat II · Managed by Arka Fincap
Driving growth with diverse credit and real estate solutions.
Private equity, private credit and real-estate funds that don't employ leverage except for operating needs. The largest AIF category.
Arka Credit Fund is a Category II AIF managed by Arka Investment Advisory Services Private Limited (AIASPL), incorporated in March 2022 as the fund and asset management arm of the Arka Group. The fund is sponsored by Arka Financial Holdings Private Limited, a subsidiary of Kirloskar Oil Engines Limited (KOEL) — a Pune-based engineering conglomerate with a 130-year legacy. AIASPL is a trusted partner for institutions and HNIs seeking mid-market private credit exposure in India. The fund achieved its first close in early 2023 and final close in August 2024.
Sonit Singh
Director & Head / Chief Business Officer – Real Estate, Asset Management & Advisory
Sonit Singh is the Director and Head of Arka Investment Advisory Services Pvt Ltd, and also serves as Chief Business Officer for Real Estate, Asset Management and Advisory at Arka Fincap Limited. He is a director of the investment manager per MCA records and the primary spokesperson for the fund. He previously served as Co-Head of Real Estate Investment Banking at HDFC Bank and held roles at JLL India (Head COO, Capital Markets & Cross Border Investments) and Standard Chartered Bank. He is an alumnus of the Indian School of Business (ISB).
Amit Gupta
Director
Amit Kumar Gupta is a founding Director of Arka Investment Advisory Services Private Limited, appointed since incorporation on March 30, 2022. He is listed on the firm's Our Leaders page. No additional public biographical information is available.
Sachin Agarwal
Director
Sachin Agarwal is a founding Director of Arka Investment Advisory Services Private Limited, appointed since incorporation on March 30, 2022. He is listed on the firm's Our Leaders page. No additional public biographical information is available.
Anand Bang
Director
Chartered Accountant
Anand is a seasoned finance professional with over 22 years of experience. He brings with him a wealth of knowledge and a proven track record, particularly in scaling diversified secured loan portfolios and corporate lending books, all while upholding the highest standards of governance. Prior to joining Arka, Anand was associated with the Tata Group for over 18 years, most recently serving as the Chief Operating Officer of Tata Motors Finance from 2020. Over the years, he has held key roles across both business and finance functions, consistently demonstrating leadership, strategic acumen, and operational excellence. Anand has deep expertise in building and managing both wholesale and retail businesses. His comprehensive experience spans across leading large teams, client relationship management, credit and risk management, technology-driven innovation, delinquency management, and consistently driving business performance. He has worked extensively with banks, mutual funds, insurance companies, financial institutions, and regulatory bodies, cultivating a nuanced understanding of the lending ecosystem. A Chartered Accountant by qualification, Anand is known for his effective communication skills, strong relationship-building capabilities, and a flexible, analytical, and solution-oriented mindset.
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George Verghese
Director
Master's in Management (XLRI, Jamshedpur); engineering degree (College of Engineering, Munnar)
Mr. George Verghese, Age 44 years, is a dedicated, focused and accomplished professional with over 21 years of experience in the Manufacturing Industry, Information Technology Enabled Services and Telecom. Mr. Verghese completed his Master's in Management from XLRI, Jamshedpur, and his engineering degree from the College of Engineering, Munnar. Mr. George Verghese joined Kirloskar Management Services Private Limited, a Kirloskar Group Company, in April 2021, as the Vice President - Group Human Resources (HR). He subsequently took on the role of Chief Human Resources Officer (CHRO) and Chief of Staff of Kirloskar Oil Engines Limited (KOEL). In his leadership role overseeing the Group HR function, Mr. Verghese has spearheaded HR transformation initiatives at the Group level. His contributions include driving key processes such as succession planning, leadership development, the brand refresh project, the business planning process, organisational restructuring, and change management. Additionally, he plays an integral role in the Group's business transformation efforts, ensuring that the organisation remain market-relevant while actively driving the broader transformation and change agenda. In his role at KOEL, Mr. George Verghese was part of the core leadership team responsible for the company's business turnaround efforts, resulting in significant growth, margin improvement, and enhanced shareholder returns. He contributed to several key strategic initiatives at KOEL, including formulating the overall business strategy, leading business restructuring efforts in alignment with the new strategy, driving channel restructuring, and enhancing product branding and market positioning. Mr. Verghese began his career with Dell International Services and has since worked with various Indian and multinational organisations, including Cummins, Reliance Communications, and UST Global, across diverse roles and functions. Before joining the Kirloskar Group, he spent 11 years at Cummins, progressing through multiple roles and ultimately serving as the HR Leader for the Aftermarket Business. Mr. Verghese has been with the Group for over three years and has already played a big role in key areas like leadership, branding, public relations, data analytics, information technology and culture. In his tenure with the Group over the last 3 years, he has made significant contributions in all these areas, and also has worked closely with the leadership in business-level transformation efforts. He has also helped turn around other businesses in the Group.
Atit Shah
Director
Chartered Accountant; Company Secretary; MBA in Finance (Welingkar's Institute of Management Studies)
Atit Shah is associated with Arka Fincap Limited (Fellow Subsidiary) as Chief Risk Officer, where he manages enterprise risks covering credit, market and operation risks for SME and retail assets. His core duties include portfolio management, implementing early warning signals and overseeing policy and process management. With a rich experience of close to two decades, Atit Shah brings his expertise in areas like risk administration, business development, client servicing, and product and policy drafting within the BFSI sector. His proficiency in this domain extends to retail asset products like housing and mortgages, SME lending, NBFC funding, invoice discounting, two-wheelers, consumer durables, and personal loans. Atit Shah's previous roles include key positions in reputed institutions like Barclays Bank, Indiabulls, Standard Chartered Bank, Citibank and JM Financial, among others. He is a Chartered Accountant and a Company Secretary with an MBA in Finance from Welingkar's Institute of Management Studies.
Rupali Maini
Compliance Officer
Master's degree in Business Commerce (University of Mumbai); Member, Institute of Company Secretaries of India (ICSI)
In her current role, Rupali Maini oversees regulatory compliance for the Arka Credit Fund. With over four years of experience, she specializes in implementing compliance frameworks, overseeing secretarial functions, and ensuring regulatory adherence for group companies, LLPs, and SEBI-licensed entities. Previously, Rupali played a pivotal role at Alpha Alternatives, where she led compliance initiatives for high-value debt-listed entities in the middle-layer NBFC sector. Her responsibilities encompassed enhancing governance practices, regulatory reporting, and managing audits and inspections, consistently maintaining a strong compliance track record. In addition to her core expertise, Rupali brings valuable experience in IPO management, government tenders, legal compliance, and regulatory documentation.
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