Cat II · Managed by ICICI Venture
Private equity, private credit and real-estate funds that don't employ leverage except for operating needs. The largest AIF category.
ICICI Venture was founded in 1988 as the Technology Development and Information Company of India Limited, through a joint venture between ICICI Limited and Unit Trust of India. In 1998, it became a wholly owned subsidiary of ICICI Limited and was renamed ICICI Venture Funds Management Company Limited. ICICI Venture is now a wholly owned subsidiary of ICICI Bank Limited (successor to ICICI Limited). In 2002, the firm migrated from early stage VC investments to late stage investments and from proprietary capital oriented funds to third-party capital oriented funds. By 2019, ICICI Venture’s AUM/A reached USD 5 billion since inception across all strategies, and by 2024 it reached USD 6.5 billion since inception. The team consists of around 60 professionals across investment verticals and corporate functions.
Puneet Nanda
Managing Director and CEO
Managing Director and CEO of ICICI Venture since June 2020 with oversight of all verticals across its diversified alternative asset management platform. Previously Deputy Managing Director of ICICI Prudential Life Insurance and associated with the company since its start-up stage in 2001. Formerly worked at ICICI Securities and J.P. Morgan. Holds a B.E. from MNIT Jaipur and PGDM from IIM Lucknow.
Beena Chotai
Chief Financial Officer
Associated with ICICI Venture for over two decades. Oversees accounting, audit, taxation and treasury. Involved in structuring exits of domestic and cross-border funds and regulatory engagement with SEBI, RBI and CBDT. Chartered Accountant with executive education from Harvard University.
Gagandeep S Chhina
Senior Director, Private Equity
Joined ICICI Venture in 2008. Experience across private equity investments in financial services, consumer and pharma sectors. Previously with WL Ross & Co and CRISIL. MBA from IIM Calcutta and B.E. from Punjab Engineering College.
Kundan Saran
Senior Director, Fund Raising & Investor Relations
With ICICI Venture since 2008, focused on fund raising, investor relations and strategic initiatives across verticals. Prior experience at Aditya Birla Group, Avalon Consulting and PwC. B.E. and MMS from University of Mumbai.
Nikhil Mohta
Principal Officer
Joined ICICI Venture in 2017. Previously Director at The Carlyle Group and earlier with McKinsey & Company. Experience across investments in financial services, pharma and manufacturing. Graduate of SRCC and IIM Ahmedabad.
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Pradeep Rohilla
Senior Director, Real Estate
Over 22 years with ICICI Group including leadership in real estate funds and affordable housing initiatives. Previously led mortgage and advisory businesses at ICICI Bank. BSc (Hons) from Delhi University and MBA in Marketing.
Rushank Vora
Senior Director, Private Equity
With ICICI Venture since 2007. Experience in pharma, healthcare and logistics investments with multiple exits. Chartered Accountant with Masters in Commerce from Mumbai University.
Santanu Biswas
Director, Infrastructure
Around 19 years of experience in infrastructure financing across debt and equity. Previously with ICICI Bank and Citigroup Global Markets India. Chartered Accountant and PGDBM from IIM Bangalore.
Rohan Pai
Head – HR, IT & Admin
Joined ICICI Venture in 2024 with over 15 years of corporate experience. Previously with ICICI Bank in HR and digitisation initiatives. Gold medalist from MDI Gurgaon and Computer Engineering graduate from Mumbai University.
Sandeep Batra
Chairman, Nominee Director
Executive Director on the Board of ICICI Bank responsible for Corporate Centre. Chairman of ICICI Prudential Life Insurance, ICICI Prudential Asset Management and ICICI Venture. Chartered Accountant and Company Secretary.
Rakesh Jha
Nominee Director
Executive Director on the Board of ICICI Bank heading retail banking. Associated with ICICI since 1996. Graduate of IIM Lucknow and IIT Delhi.
Sharad Malpani
Venture Capital Team, IVen Amplifi Fund
Over 23 years with ICICI Group, including private equity investments across sectors. Heads ESG responsibilities for private equity business. B.E. in Chemical Engineering and MMS from University of Mumbai.
Tej Kapoor
Venture Capital Team, IVen Amplifi Fund
17 years of investing experience, previously Managing Partner at IvyCap Ventures and Global Partner at Fosun. Experience across US, India, China and UK. Master’s from Johnson & Wales University.
Pooja Basu
Director - Legal, Secretarial & Compliance
Joined ICICI Venture in 2012. Responsible for legal and compliance functions. Previously with Piramal Group and involved in M&A and private equity transactions. Alumna of ILS College, Pune.
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