
The firm is a mid-market Private Equity Firm committed to excellence
India Alternatives is a private equity firm that backs mid-market companies in India that are poised to become market leaders and category creators. Shivani Bhasin Sachdeva is the Founder & CEO of India Alternatives, a top performing mid-market private equity firm in India. India Alternatives invests in companies that are poised to become market leaders by benefitting from transformational themes in India.
Shivani Bhasin Sachdeva
Founder & CEO
MBA, Wharton School, University of Pennsylvania; B.A. in Economics, Mount Holyoke College
Shivani Bhasin Sachdeva is the Founder & CEO of India Alternatives, a top performing mid-market private equity firm in India. India Alternatives invests in companies that are poised to become market leaders by benefitting from transformational themes in India. At India Alternatives, Shivani has made marquee investments and been an active board member in her portfolio companies, resulting in exceptional returns for her investors across two funds. Shivani has over 21 years of global private equity experience in the US and in India and has previously worked at reputable Funds including GE Equity, Lightyear Capital and IDFC Private Equity. Shivani is an Independent Director at Emaar India, one of India's largest real estate developers with assets in the country of over $2 billion, 5000 acres of land, and 35 active and completed projects; and at HIKAL Limited, a technology driven, highly innovative company working across the life science value chain with over 3200 employees and market capitalisation of over $600 million. Shivani has received accolades and recognition for being one of the top women leaders in Finance in India. Shivani was recently awarded "Private Equity Leader of the Year", at the WinPE Leadership Awards 2024, by an eminent jury of global institutional investors that valued accomplishment in establishing a platform with scale and focused on robust performance as well as strong gender representation across the firm and portfolio. Shivani is a frequent speaker at leading domestic and international conferences on private equity including SuperReturn Europe and Singapore and the Indian Venture Capital Association. Shivani is also a regular speaker at prestigious corporate and industry forums.
Darshan Gandhi
Senior Principal
MBA (MDI Gurgaon); CFA Charterholder; Certified FRM; B.Mgt. Mumbai University
Darshan joined India Alternatives in 2015 after completing the India Alternatives summer internship program in 2014. He has since been promoted four times. Darshan has played an important role during the lifecycle of Fund I. He has led investments in marquee companies such as NSDL and TransUnion CIBIL (Fund II), co-led investment in NSE, worked on the TransUnion CIBIL (Fund I) and Ideacount investment. Additionally, Darshan has closely monitored all these investments and led stellar exits from NSDL and TransUnion CIBIL. He has also secured an exit from Ideacount. Darshan plays an instrumental role in the Fund Raising team at India Alternatives, which was recognized with the prestigious "PE Fund Raise of the Year" award at APEX 2021, PE - VC Summit & Awards by Venture Intelligence. Darshan was recognized as "40 under 40 alternative investment professionals in India" by Equalifi in 2024. Previously, Darshan has worked with Edelweiss Financial Services for 3 years, gaining expertise across Investments and Trading, and Risk Management verticals.
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.
Harish R
Principal
MBA (MDI Gurgaon); B.Tech. (Hons.), National Institute of Technology, Jamshedpur
Harish joined India Alternatives in 2016 after completing the India Alternatives summer internship program in 2015. He has since been promoted three times. Harish has played a key role during the lifecycle of Fund I. He has led the investment in Kapture and co-led the investment in Gynoveda and worked on investments in GoApptiv, Brinton and Seclore. Harish has closely monitored all these investments in addition to managing Enamor. He has led notable exits from Seclore and Enamor. Harish drives the technology initiatives at India Alternatives and is building a proprietary deal management software that leverages data analytics and AI to enhance decision-making and streamline the evaluation of investment opportunities. Harish leads the analyst and intern recruitment at the firm. Previously, Harish worked at CRISIL for 3 years, gaining expertise in evaluating diverse business models and conducting in-depth financial analysis.
Naman Nolkha
Analyst
Chartered Accountant; B.Com., Narsee Monjee College
Naman joined India Alternatives in 2022 and plays an active role in investments and portfolio management. Naman is a part of the fund raising team and also plays a supporting role in driving the technology initiatives at India Alternatives. Before joining India Alternatives, Naman worked with Spark Capital (now Avendus Spark Institutional Equities) in their equity research team analysing IPO-bound companies across sectors such as healthcare, consumer, chemicals and automotive.
Amish Agrawal
Analyst
B.Sc. (Economics and Finance), Ashoka University
Amish joined India Alternatives in 2024 and plays an active role in investments and portfolio management. Before joining India Alternatives, Amish worked with Ernst & Young in their Business Consulting team, gaining experience in the automotive and chemical sectors. Amish was a Senior Analyst at Ashoka Investments' Club and was a part of Bodhi Capital (India's first undergraduate fund). He was ranked among the top 0.2% contestants (out of 300,000 participants) in SEBI and NISM National Quiz competition.
Rinette Amanna
Sr. Manager – Admin & Operations
B.Com., St. Andrew's College, Mumbai
Rinette has been working with India Alternatives since November 2010. She has since been promoted three times. In her current role, she oversees the overall functioning of office administration, managing key vendor relationships, working with the outsourced accounting firm, managing the audit process, and facilitating the Board meetings and AGM at the AMC. Rinette also provides support in operations and investor reporting at the Fund Level. She is actively engaged in organising the Investor Conferences which have received exceptional feedback from our investor ecosystem. She is also responsible for supervising events at the AMC including networking engagements as well as organising team offsites. Prior to joining India Alternatives, she worked with Thomson Reuters and Ryan International Group of Institutions in the administration role.
Rahul Jain
Manager – Finance
Chartered Accountant (CA); B.Com., Sydenham College, Mumbai
Rahul has been working with India Alternatives since 2022. He is part of the finance team and supports operations, accounting, and investor reporting functions at the fund. He is also responsible for ensuring compliance with regulatory or statutory changes and policies. Previously, Rahul has worked with Deloitte for 5 years in a statutory audit role, conducting audits for NBFCs, housing finance companies, and other financial services clients.
Soniya Mehta
Admin Executive
Bachelor's in Commerce, University of Mumbai
Soniya is an Admin Executive and is associated with India Alternatives since November 2025. She is a part of administrative team and provides support in organising corporate events and team engagements. She has over 10 years of diverse experience in administration, travel coordination, and customer service. Before joining India Alternatives, Soniya worked in the Admin department at Samsonite South Asia Pvt. Ltd. and in customer service operations at Jet Airways.
Uday Sankar Roy
Advisory Council
Uday Sankar Roy serves on the Advisory Council of India Alternatives.
Tariq Chinoy
SEBI Contact Person (Fund I)
Tariq Chinoy is the SEBI-designated contact person for India Alternatives Private Equity Trust (Fund I), reachable at tariqchinoy@india-alt.com. He does not appear on the current website team page, suggesting he may have a back-office or compliance role.
Sheersha Mathur
Analyst
MBA (Finance and Strategy), MDI Gurgaon; B.Sc. (Hons.) Economics, Symbiosis School of Economics
Sheersha joined India Alternatives in 2026 and plays an active role in investments and portfolio management. Prior to this, she worked as an Analyst at TresVista, where she gained hands-on experience on cross border M&A transactions. Sheersha holds an MBA from MDI Gurgaon with a specialisation in Finance and Strategy, and a B.Sc. (Hons.) in Economics from Symbiosis School of Economics (SSE), Pune.
Rupa Vora
BoardMember of Board of Directors
Chartered Accountant; B.Com., Mumbai University
Rupa Vora has been associated with India Alternatives since 2021. She was the Group Director & CFO of IDFC Alternatives for over a decade and previously served as CFO of Antwerp Diamond Bank N.V. and KBC Bank N.V. She has also worked with Calyon Bank and Oman International Bank S.A.O.G. Before her corporate career, she ran an independent Chartered Accountant practice for nearly a decade. She has been a jury member for the CFO 100 Awards and was awarded the "Women Leadership Excellence Award" at the IPE-BFSI Awards 2013. She was also named one of India's 10 most influential women in finance by Rediff.com in 2012. An independent director, she is a Fellow Member of the Institute of Directors and a lifetime member of the Independent Director's Data Bank of the Indian Institute of Corporate Affairs. She is also a member of CII's National Committee on Financial Reporting (2021-2022). Ms. Vora is actively involved with The Art of Living and the Nalanda Dance Research Centre.
Karan Bhagat
AdvisorInvestment Advisor
MBA, IIM Bangalore; B.Com., St. Xavier's College, Kolkata
Karan Bhagat has been associated with India Alternatives since 2014. He has over two decades of experience in financial services. He is the Founder, MD, and CEO of 360 ONE WAM Limited. Under his leadership, 360 ONE has grown from its humble beginnings in 2008 to become the leading wealth management company in India, managing approximately US$ 63 billion in client assets. Karan was featured in The Wall Street Journal's 2022 CEO Council Roll Call, recognizing him as one of the world's most influential decision-makers. He has been named to Fortune India's '40 Under 40' list (2016, 2017) and The Economic Times' '40 Under Forty' list (2017). In 2018, he received the URS Asia One Global Indian of the Year award and was recognized as 'Asia's Promising Business Leader' by The Economic Times.
Kiran Nadkarni
AdvisorInvestment Advisor
B.Tech., IIT Kanpur
Kiran Nadkarni has been associated with India Alternatives since 2010. He is a pioneer in private equity investing in India with around two decades of experience. He founded and managed TDICI (now ICICI Ventures), India's first venture capital firm, and has made investments and exits across multiple economic cycles. Previously, he was a partner at Draper International, a venture capital firm investing in India and the USA, and co-founded Jumpstartup, another firm focused on India and the USA. Kiran also served as the founding Chairman of the Indian Private Equity and Venture Capital Association (IVCA). Leveraging his vast experience, Kiran transitioned into entrepreneurship, founding Kaati Zone, a pioneering venture in the Indian QSR sector, which was successfully sold.
Dr. Ajai Kumar
AdvisorAdvisory Council
MBBS, St. John's Medical College, Bangalore; fellowship in radiation and medical oncology, M.D. Anderson Cancer Center, Houston
Dr. Ajai Kumar has been associated with India Alternatives since 2014. He is a world-renowned doctorpreneur and the Executive Chairman of HealthCare Global Enterprises Ltd (HCG), with over four decades of experience as a radiation and medical oncologist. He is a visionary cancer care crusader, dedicated to helping patients win over cancer. Under his leadership, HCG has created largest network of oncology centers in Asia and have revolutionised oncology by pioneering best-in-class treatment services and therapies. He has been recognized with several awards, including 'Start-Up Entrepreneur of the Year' (2011) by E&Y, 'Face of the Year' (2006) by Modern Medicare, and the prestigious B.C. Roy Award. Ajai completed his fellowship in radiation oncology and medical oncology from the renowned M.D. Anderson Cancer Center, Houston, and received his MBBS from St. John's Medical College, Bangalore.
Satish Pillai
AdvisorAdvisory Council
Master's in Economics, Warrington College of Business, University of Florida
Satish Pillai has been associated with India Alternatives since 2021. He has 25 years of experience across financial services, credit, and retail information management services. He has held leadership roles at TransUnion CIBIL (MD & CEO), TransUnion (Regional President - Asia), and NielsenIQ India (MD), leading data and technology-driven change. Under his leadership, TransUnion CIBIL launched India's first credit score, growing revenue to US$ 105 million. At NielsenIQ India, he enhanced traditional products and built commercial capabilities, achieving consistent double-digit growth. Satish is a co-founder and partner at the consulting firm "The Company of Four" and serves as a Non-Executive Director at HDFC Credila Financial Services Limited.
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