OIJIF manages Private Equity Funds focused on growth capital investments in India
Oman India Joint Investment Fund Management Company Pvt. Ltd. (OIJIF) is a leading private equity investment management firm focused on the mid-market segment in India. Since its establishment in 2011, OIJIF has invested over US$330 million across 19 companies through its Fund I and Fund II. OIJIF is promoted by two esteemed institutions: the Oman Investment Authority (OIA), the sovereign wealth fund of the Sultanate of Oman, and the State Bank of India (SBI). OIJIF has also recently received regulatory approval to launch its third fund, Oman India Joint Investment Fund III, with a target fund size of US$250mn.
Satish Chavva
Chief Executive Officer
Satish Chavva became CEO of OIJIF-MC effective 1 April 2025. He brings over 20 years of experience in private equity investing and finance. He previously served as Director of Investments at OIJIF from 2016 to 2022, leading several Fund II investments. After OIJIF, he was with British International Investment (BII), the UK's development finance institution, where he headed Direct Private Equity for South Asia. Earlier in his career, he was with Citi Group in India and the UK, including Citi Venture Capital International (CVCI), and with The Rohatyn Group. He holds a B.Tech from IIT Bombay, an M.S. in Computational and Applied Mathematics from UT Austin, and an MBA from INSEAD.
Srinath S.
Senior Advisor (Former CEO 2011–2025)
Srinath S. is Senior Advisor of OIJIF and was CEO of OIJIF-MC from inception in 2011 through 2025. He has over 35 years of industry and investment experience, including 24+ years in private equity across India and South East Asia. Under his leadership, OIJIF raised USD 240 million for Fund II and invested in 19 companies with 16 successful exits by 2025. Prior to OIJIF, he led the private equity business for FirstRand Bank of South Africa in India, and was Head of Private Equity at Reliance Capital.
Parita Ashar
Principal
Parita Ashar, CFA, is a Principal at OIJIF-MC and has been with the firm since 2017. She has 14+ years of experience across private equity investing and equity research. She manages investments in Annapurna Finance, Capital Small Finance Bank, PNB MetLife, and HomeLane, and has full-cycle experience including IPO of Capital Small Finance Bank and secondary exits in Annapurna Finance and PNB MetLife. Prior to OIJIF, she worked at Ambit Capital's institutional equities research desk. She is a Chartered Accountant and a CFA Charter Holder.
Vishal Verma
Director Investments
Vishal Verma is Investment Director at OIJIF-MC and has been with the fund since 2012, with 20+ years of professional experience including 16 years in private equity. He manages investments in Consumer and Financial Services sectors and has driven multi-bagger exits from Stanley Lifestyle and Prince Pipes. Previously, he was with ICICI Emerging India Fund and ICICI Bank's Investment Banking division. He holds an MBA from IIFT New Delhi and a B.Sc (Hons) from Delhi University.
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Ajay Limaye
Senior Director
Ajay Limaye is Senior Director at OIJIF-MC and has been with the firm since inception. He has 23 years of experience including 22 years in private equity and venture capital, spanning listed equities, diversified PE funds, VC funds, infrastructure funds, and special situations. He represents the Fund on the boards of HBL Batteries Limited and Data Patterns. Prior to OIJIF-MC, he worked with Tata Capital's Private Equity team. He is a CFA Charter Holder, a Production Engineer, and holds an MBA in Finance.
Abhijit Roy
Head, Investor Relations and Fundraising
Abhijit Roy is Head of Investor Relations and Fundraising at OIJIF-MC, with 20+ years of experience in investor relations, fundraising, product development, and business development. He previously worked at Affirma Capital (Singapore), the National Investment and Infrastructure Fund (NIIF), and True North. He holds a B.E. from the University of Calcutta and an MMS from the University of Mumbai.
Gaurav Rana
Senior Associate
Shobhit Todi
Associate
Bhavik Dedhia
Associate
Shrikant Deodhar
Finance Controller
Isani Karani
Vice President, Finance
Ninad Haibat
Senior Legal Counsel
Shamsher Singh
BoardDy. Managing Director (Global Markets)
Srinivasa Panigrahi
BoardChief General Manager, State Bank of India
Rajesh Kumar
BoardChief General Manager, State Bank of India
Saud Al Yahmadi
BoardDeepankar Panigrahi
BoardSharifa Al-busaidy
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