Championing India's Economic Ascent
At the core of Kotak Alternate Asset Managers Limited is a steadfast commitment to India's growth narrative. In 2005, with a vision to amplify the firm's contribution and engagement in India's burgeoning potential, the firm introduced Kotak Alternate Asset Managers Limited. The firm's Investment Advisory commitment centres on excellence, and it is driven by an elite committee of industry experts employing a multidisciplinary approach for optimal portfolio management.
India Office Assets Fund I
Registered 2019
India Whizdom Fund
Registered 2016
Kotak Alternate Assets Fund II
Registered 2018
Kotak Alternate Assets Fund III
Registered 2018
Kotak Alternate Assets Fund IV
Registered 2022
Kotak Credit Opportunities Fund Trust
Registered 2023
S. Sriniwasan
Fund managerManaging Director, Kotak Alternate Asset Managers Limited (Current Portfolio Manager)
S. Sriniwasan (Srini) is Managing Director of Kotak Alternate Asset Managers Limited and a member of the Kotak Mahindra Group Management Council. He founded the alternate asset management business in 2005 and has grown it to USD 18+ billion in AUM, making KAAML one of India's largest homegrown alternative investment managers. He oversees all asset classes including Real Estate, Infrastructure, Special Situations & Credit, Private Equity, Private Credit, and Investment Advisory. He has been with the Kotak Group since 1993, was part of the Kotak–Goldman Sachs investment banking joint venture from inception in 1995, and was co-head of Kotak Investment Banking until 2005. Key LPs include ADIA, GIC Singapore, British International Investment, and Allianz Germany. He is a Board member of APREA and Co-Chairman of the India Chapter, a member of the GRI India Governing Council, and a member of the Private Credit Council at EMPEA. He holds a BCom from Delhi University and an MBA from IMT Ghaziabad. Re-appointed as MD for a further three-year term from 1 October 2024 to 30 September 2027.
Alroy Lobo
Founding Member & CEO – Listed Strategies, Kotak Alternate Asset Managers Limited
Alroy Lobo joined Kotak Investment Advisors in August 2015 to lead Listed Strategies. He is the Founding Member of India Whizdom Fund. He spearheaded the WHIZDOM proprietary stock-evaluation framework at Kotak Institutional Equities, where he was Head of Equity Research, Equity Strategist, and Head of Institutional Equities (during the Goldman Sachs JV era). He has 25+ years in Indian equities. He is a CFA (CFA Institute) and ICFAI gold medalist; gold medalist in BE Mechanical Engineering from Regional Engineering College Srinagar (1985); first ranker in MMS Finance from Sydenham Institute (1988).
Ratan Naval Tata
Co-Sponsor / Principal (RNT Associates) — deceased
The late Ratan N. Tata (1937–2024), former Chairman of Tata Sons and the Tata Group, co-sponsored UC-RNT Fund through his investment vehicle RNT Associates Private Limited, registered at Elphinstone Building, Veer Nariman Road, Mumbai. He was one of India's most prolific angel investors and startup mentors, and also advised Kalaari Capital, Chiratae Ventures, and Jungle Ventures. He passed away on October 9, 2024.
S. Sriniwasan (Srini)
Managing Director
S. Sriniwasan (Srini) heads Kotak Alternate Asset Managers Limited (Kotak Alts). He is also a part of the Group Management Council that drives Kotak Mahindra Group's growth charter.
Bhavin Shah
Co-Founder & Director – Listed Strategies, Kotak Alternate Asset Managers Limited
Bhavin Shah co-founded India Whizdom Fund and the Kotak Listed Strategies platform in 2015. He has 21+ years in equity investments across PE, IB/M&A, and public markets. Prior to Kotak, he set up the India business for a global KPO company (2,000+ team members) and worked with a Hong Kong-based PE fund focused on outsourced tech-enabled services. CA from ICAI; MBA from IIM Ahmedabad; BCom from Sydenham College, Mumbai.
Eshwar Karra
Deputy Managing Director
Eshwar Karra joined the Kotak Group in 2000 and brings with him over two decades of financial services experience.
Rajeev Saptarshi
Whole-Time Director & Chief Operating Officer
Rajeev Saptarshi joined Kotak Alternate Asset Managers Limited as the Chief Operating Officer in November 2013.
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Kotak India Real Estate Fund VIII
Registered 2016
Vikas Chimakurthy
CEO – Realty Funds
Vikas Chimakurthy joined the Kotak Group in 1999 and has over 21 years of work experience in the financial services industry.
Ameya (surname not confirmed)
Investment Team, Kotak Listed Strategies (joined Sep 2021)
Ameya joined Kotak Listed Strategies in September 2021. Previously in the Research division of IIFL Institutional Equities for 4 years.
Chetan Shah
Executive Director – Kotak Realty Fund
Chetan Shah joined Kotak Realty Fund in 2018 as Executive Director, overseeing investments across all realty segments with special focus on residential mid-income and affordable housing. He has more than two decades of experience in real estate fund management, debt, and private equity. Prior to Kotak, he was a core team member at ASK Property Investment Advisors, where he managed multiple real estate funds (including an offshore fund) covering fundraising, deployment, monitoring, and exits, directly underwriting and monitoring over 20 investments. He has also worked at ICICI Bank (Corporate and Realty Finance), Hypo Real Estate International, and IL&FS. He is a Commerce Graduate from Mumbai University and a Chartered Accountant.
Lakshmi Iyer
CEO – Investments & Strategy [FORMERLY; now at Bajaj Finserv]
Lakshmi Iyer served as CEO – Investments & Strategy at KAAML from November 2022, overseeing wealth advisory, strategy, and product solutions across fixed income, equities, real estate, and alternative investments for institutional and UHNI clients. She has since moved to Bajaj Finserv as Group President – Investments & CEO, Bajaj Alternate Investment Management Limited (as of 2025). She was previously President, CIO-Debt, and Head-Products at Kotak Mahindra Asset Management Company from November 1999 to November 2022, managing substantial fixed income and offshore assets. Earlier, she was a Research Analyst at Credence Analytics (1997–1999). She has been recognised as one of the Top 25 most influential women in asset management in Asia by Asian Investor. She holds an MBA in Finance from Narsee Monjee Institute of Management Studies (1998–2000).
Jitendra Gohil
Chief Investment Strategist
Jitendra Gohil joined Kotak Alternate Asset Managers in August 2023 as Chief Investment Strategist. He is regularly featured in media as an expert on Indian equity market trends and investment opportunities.
Sonu Jalan
Managing Partner
Sonu Jalan joined the Kotak Group in 2006 and has over 20 years of professional experience.
Akhilesh Tilotia
Head of Research & Chief of Staff to the CEO
Akhilesh Tilotia serves as Head of Research and Chief of Staff to the CEO at KAAML. He is regularly featured as a panelist at industry conferences on topics related to India's economy and investment landscape.
Vithal Suryavanshi
Executive Director – Kotak Realty Fund
Vithal Suryavanshi was appointed Executive Director of Kotak Realty Fund by KAAML. He is part of the senior real estate investment team at Kotak Alternate Asset Managers Limited.
Niraj Karia
CEO – Kotak Special Situations Fund
Niraj Karia leads the Special Situations and Credit platform at Kotak Alternate Asset Managers Limited.
Rahul Shah
Managing Partner
Rahul Shah has joined Kotak Alternate Asset Managers in 2012 and brings with him more than two decades of experience across private equity, investment banking and treasury, of which the last 16 years were in Alternate Assets.
Subramanian Sriniwasan
Board Director (MD – KAAML)
Rajeev Agarwal
Deputy COO
With over two decades of dedicated service at Kotak Group, Rajeev has demonstrated exceptional leadership across various roles within Kotak, encompassing Finance,
Amit Jain
CEO – Real Assets
Amit Jain is a Partner at Kotak Alternate Asset Managers Limited and brings with him two decades of experience in the Indian Credit markets.
Pushkar Jauhari
CEO - Private Equity and Venture Capital
Pushkar brings 25 years work experience, with his recent role being with ValueQuest Investment Advisors. He was instrumental in building the private equity business at ValueQuest.
Tejal Shah
CEO - Private Client Investment Advisory Services
Tejal Shah holds a B.S. in Electrical Engineering from Duke University, USA, where he graduated Summa Cum Laude.
Rahul Chhaparwal
Managing Partner
Rahul has been with Kotak Special Situation Fund since inception and plays a pivotal role across all the facets of its operations.
Rahul Deshpande
Co-Head, Asset Management
Rahul joined Kotak in Sep 2015. He is responsible for end-to-end asset management of all real estate investments across all funds.
Dhiraj Rajendran
Partner
Dhiraj Rajendran is a Partner in the Private Equity business at Kotak Alternate Asset Managers Limited.
Riddhima Bhanushali
Partner – Real Assets
Riddhima Bhanushali is a Partner in the Real Assets team at Kotak Alternate Asset Managers Limited (Kotak Alts), with a focus on investment strategy,
Gaurav Sarayan
Partner
Gaurav Sarayan is a Partner at Kotak Alternate Asset Managers Limited, where he focuses on residential investments and strategic opportunities across the real estate platform.
Ankit Deora
Co-Head, Asset Management
Ankit Deora joined Kotak in July 2021. He is a seasoned credit professional with 15+ years of diverse experience in the areas of risk assessment.
Nishant Kumar
Head – Discretionary Solutions
Mr. Nishant Kumar has been associated with Kotak Group since October 2019. He has over 19 years of experience in the wealth management industry.
Dr. Ashish Ranjan
Director
Dr. Ashish Ranjan leads the firm's healthcare and life sciences private equity investment strategy through the Kotak Life Sciences Fund (KLSF).
Rupanjana Ray
Head – Human Resources
Rupanjana Ray is a strategic HR leader with over 20 years of experience across Banking, Financial Services, Capital Markets, and Alternate Assets. She leads the people agenda at Kotak Alternate Asset Managers.
Sanjay Mitra
Head of Legal, Compliance & Secretarial
Sanjay Mitra is Head of Legal, Compliance & Secretarial and also the Chief Risk Officer of the firm.
Jaideep Hansraj
BoardNon Executive Director
Mr. Jaideep Hansraj is the Group President - One Kotak of Kotak Mahindra Bank Limited (the Bank), and brings with him, a strong domain in investments and capital markets.
Dipak Gupta
BoardNon Executive Director - Chairman
Mr. Dipak Gupta was the Managing Director & CEO of Kotak Mahindra Bank Limited, up to December 31, 2023.
Gaurang Shah
BoardNon Executive Director
Gaurang Shah is a non- executive director on the Boards of Insurance, Asset Management and International subsidiaries of Kotak Mahindra Bank.
Oisharya Das
BoardNon Executive Director
Oisharya Das heads the Private Banking business at Kotak Mahindra Bank Ltd., and has been an integral part since its inception.