Building Maharashtra's defence and aerospace ecosystem
IDBI CAPITAL MARKETS & SECURITIES Ltd. (IDBI Capital) is a wholly owned subsidiary of IDBI Bank Ltd and is a leading Investment Banking & Securities Company. IDBI Capital offers a full suite of products and services to Corporates, Institutional and Individual clients. ICMS is a registered Portfolio Manager with SEBI since 1998 and is authorised to undertake Funds Management activities (Debt & Equity). ICMS Alternative Investment Fund is acting as Investment Manager for two SEBI registered AIFs and is also the Project Advisor to a Scheme of Government of Maharashtra.
Sorted by 3-year return. Returns are TWRR, net of fees; CAGR above 1 year.
Debt oriented Portfolios of Pension / Provident Funds
IDBI Capital Markets and Securities Ltd
On SEBI's register as on 1 Nov 2026. Check SEBI's register
IDBI Capital Markets & Securities Limited
On SEBI's register as on 1 Nov 2026. Check SEBI's register
Amey Belorkar
Senior Vice President
Amey Belorkar is Senior Vice President at IDBI Capital Markets & Securities Limited and the designated SEBI contact person for MITDF. He oversees investment activities across the fund and has been the primary public spokesperson for MITDF, including in media coverage about the ₹200 crore Maharashtra deep tech and women entrepreneur fund.
Ananta Sarma
SEBI Contact Person / Fund Representative
Ananta Sarma is the designated SEBI contact person for the Maharashtra Defence and Aerospace Venture Fund at IDBI Capital Markets & Securities Limited, based at the Ballard Estate office in Mumbai.
Kamal Kant Upadhyay
MD & CEO
Vikram Jain
Assistant Vice President
Vikram Jain is Assistant Vice President at IDBI Capital Markets & Securities Limited, working across the AIF investment team. He has authored LinkedIn articles on ESG integration in investment decisions and the democratisation of growth through AIFs.
Pushkar Vartak
Compliance Officer (Stock Broking/IA)
Pushkar Vartak is the Compliance Officer of IDBI Capital Markets & Securities Limited.
Investments in securities markets are subject to market risks. Read all the related documents carefully before investing. Past performance is not indicative of future returns.
Amruta Lad
Compliance Officer (Merchant Banking)
K.K. Upadhyay
MD & CEO, IDBI Capital Markets & Securities Limited
K.K. Upadhyay is the Managing Director and CEO of IDBI Capital Markets & Securities Limited.
Neville Rodrigues
Manager
Neville Rodrigues is a Manager in the IDBI Capital AIF team, supporting investment evaluation and portfolio management across the Maharashtra funds.
Pravin Bokade
Principal Officer (Research Analyst)
Milind Kale
Assistant Manager
Milind Kale is an Assistant Manager in the IDBI Capital AIF team, supporting fund operations across MITDF and related Maharashtra government-backed funds.
Subodh Gandhi
Principal Officer (Merchant Banking)
Aseem Saroop
Principal Officer (Merchant Banking)
Umesh Ranoliya
Senior Executive
CA
CA Umesh Ranoliya is a Senior Executive in the IDBI Capital AIF team, responsible for financial and compliance aspects of the Maharashtra AIF portfolio.
Dharmendra Darji
Compliance Officer (Depository Participant)
Vivek Nirvaneshwar
Senior Executive
Vivek Nirvaneshwar is a Senior Executive in the IDBI Capital AIF team, contributing to investment operations and portfolio support.
Mukund Tiwari
Senior Executive
Mukund Tiwari is a Senior Executive in the IDBI Capital AIF team, supporting operations across the Maharashtra government fund portfolio.
Vicky Borade
Customer Care
Binayak Kandhway
Grievance Officer
AA Sarma
AdvisorSr Advisor
Mr. AA Sarma serves as Senior Advisor to the IDBI Capital AIF team, providing advisory support across both MITDF and MDAVF. He is also the SEBI-registered contact for the Maharashtra Defence and Aerospace Venture Fund (sibling fund managed by IDBI Capital).
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