Mid-market-focused investment bank Singhi Advisors has expanded its leadership team with the induction of Krishna Kartha (from Emirates Bank), Ashish Bagadia (Avendus), Ashish Jain (Xander) and Sanjay Malhotra (SBI Capital) as directors, across its various practice verticals.
The homegrown firm has closed over 100 transactions worth $4.8 billion over the past 5 years. It focuses primarily on business advisory and consulting approach-based domestic and cross-border transactions, carried out by a 40-member team.
Krishna Kartha, a management graduate, joins Singhi Advisors from Emirates NBD, Dubai, where he was director, private banking. Krishna has more than 15 years of experience in private banking & wealth management space and previously worked with the likes of Barclays Wealth, BNP Paribas, ANZ Grindlays and others. Krishna will lead Singhi Advisor’s foray into wealth management and family office practice.
Ashish Jain, a chartered accountant, will lead Singhi’s initiatives in sectors like hospitality and corporate real estate. He has around 15 years of institutional experience and prior to joining the i-bank, he was controller, fund operations, at Xander. Earlier, he had worked with Actis and was the chief financial officer at Lok Capital.
Sanjay Malhotra, a management graduate with around 18 years of experience in the financial services industry, joins Singhi Advisors from SBI Capital Markets. With his exposure in complex transactions across core sectors, as well as companies in financial distress, Singhi will benefit from his ability to generate and close transactions involving companies in financial distress or being stuck with the lenders in the web of NPAs and CDR cases as a result of changing market conditions.
Ashish Bagadia, a management graduate and an old hand at Avendus Capital, will lead Singhi’s practice in PE-backed corporate M&A. During his nine-year stint with Avendus, where he had worked across various sectors including lifesciences, consumer and industrials, Bagadia handled private equity and M&A advisory transactions.
Both Jain and Malhotra will be based in the firm’s Gurgaon office while Kartha and Bagadia will be based in Mumbai.
Commenting on the new hiring, Mahesh Singhi, MD at Singhi Advisors, said, “The latest induction of leadership and talent will enable us to strengthen our client servicing capabilities and demonstrate long-term view of creating a knowledge-based financial services platform.”
These new inductions will help build the firm’s focused, knowledge-based corporate finance advisory platform. With more than two decades of operational experience, the firm now believes in the “build to run” model and plans to add more products to its offerings.
Last year, Singhi inducted Girija Tripathy as partner, who was experienced in handling PE-backed buyouts and exits. Other key hires in the last three years were PS Malik, a turnaround professional with around 35 years of senior management experience who joined Singhi to lead its power & electrical sector practice, and Ajoy Lodha, who joined as partner to lead the firm’s initiatives in metal, mining, financial services and technology space.
(Edited by Sanghamitra Mandal)