Financial services company Motilal Oswal Financial Services Ltd has appointed Rakesh Sony as director of its private equity business. Motilal Oswal Venture Capital Advisors Private Limited (MOVCAPL) runs a general private equity fund and a real estate fund. Sony has 10 years of experience in investment banking and corporate finance.
Sony was till now a co-founder and managing director of Kolkata-based Microsec Group, a financial services company with presence in investment banking, stock and commodity broking and wealth management. He is a chartered accountant and B.Com graduate from St Xaviers,
Kolkata. Motilal Oswal’s private equity division is headed by Vishal Tulsyan.
MOVCAPL has a sector agnostic fund to provide growth capital to SMEs of $125 million. It also launched a $175 million real estate fund earlier this year. MOVCAPL has so far invested in six companies. Some of its recent investments are Pune-based Parag Milk Foods Pvt Ltd and
Rajasthan-based non-banking finance company AU Financiers.