Sanjay Bansal quits Ambit to set up own i-bank

26 June, 2012

Sanjay Bansal, co-founder and managing Director of Ambit Capital, a mid-market investment advisory firm, is moving out of the firm to set up his own investment banking outfit. The new entity will essentially focus on providing M&A and restructuring services.

“It’s a good time to set up entrepreneurial ventures,” Bansal told VCCircle, adding that the idea is to build a full-service investment banking advisory partnership firm. Bansal, who spent 15 years at Ambit, is now looking at potential partners for the venture and has already begun talking to a few of them.

Bansal, now serving his last week at Ambit, had led Ambit’s ‘alternate capital’ division. He played a lead role in deals like the strategic alliance between UB and Scottish & Newcastle, the sale of the Lifespring retail chain to Morepen, the capital market offer for Eicher Limited and the restructuring and merger of Electrolux businesses in India.

According to him, the way deal-making business operates, will undergo a transformation and there will be a thrust upon relationships, reliability and high levels of service.

Prior to joining Ambit, Bansal had held senior positions in the corporate finance division at consulting firms KPMG and Arthur Andersen. Bansal is also an active angel investor and a member of the Indian Angel Network.

Going solo in the investment banking industry seems to have turned fashionable. Recently, Prahlad Shantigram, global M&A head, Standard Chartered Bank , Falguni Nayar, MD, Investment banking, Kotak Mahindra Bank and Manisha Girotra, India Head, UBS, quit to pursue their entrepreneurial ventures.


Leave Your Comment
Ambit hires Premal Doshi to bolster ECM coverage

Ambit hires Premal Doshi to bolster ECM coverage

TEAM VCC 5 years ago
Ambit Corporate Finance hired Premal Doshi to head the equity capital markets (ECM) business of the firm. Doshi, who comes from Antique Capital Markets Pvt...
Ambit ventures into principal investments business

Ambit ventures into principal investments business

Bruhadeeswaran R 4 years ago
Ambit Holdings Pvt Ltd has announced on Thursday its entry into principal investments business, to be led by Sanjay Sakhuja who will be the chief...
Exclusive: Michael Dell-backed investment firm tops up India hedge fund

Exclusive: Michael Dell-backed investment firm tops up India hedge fund

Ankit Doshi 1 month ago
MSD Partners, an asset management firm that makes debt and equity investments in both public and private companies and counts MSD Capital as a substantial...
No Comments

Sanjay Bansal quits Ambit to set up own i-bank

Powered by WordPress.com VIP