HDFC Capital Advisors

Vipul Roongta brings over 25 years of leadership and domain expertise spanning mortgages, real estate private equity, credit, and asset management. Since HCAL's inception, he has spearheaded its overall strategy, operations, and growth trajectory. He is regarded as a thought leader in the real estate industry with a focus on widening adoption of sustainability and innovative technologies for affordable housing. He has spoken at MIT (Boston), NYU, University of Oxford, and IIM Bangalore. He serves on various regulatory committees and industry bodies, and has been associated with the HDFC Group since 1999.

With over 25 years of experience, Rajesh leads the investments team, oversees ESG initiatives, and heads the asset management function including investment monitoring and risk management at HCAL. Prior experience includes leadership roles at JP Morgan India's real estate investment arm, Carlyle Asia Real Estate Partners, ICICI Prudential AMC, and Urban Infrastructure Venture Capital.

Gaurav holds 22+ years of experience across land and real estate management, finance, investments, and infrastructure. He was part of the founding team that set up HCAL, oversees the firm's overall operations, and drives strategic initiatives and business processes. Previously part of the investments team at HDFC Asset Management Company Limited. SEBI contact person for H-CARE 2 (email: abhayg@hdfccapital.com — note: SEBI record lists Abhay Goyal; Abhay Goyal is a team member at HCAL).

Kunal was part of the founding core team that established HCAL in 2016. With 20+ years of experience and USD 5 billion+ in cumulative real estate investments, he brings expertise in debt and equity investments, deal sourcing, underwriting, structuring, development oversight, portfolio management, and special situations, with focus on affordable and mid-income housing.