Management Team

Picture of Mr. Puneet Nanda
Mr. Puneet Nanda
Managing Director and CEO
Mr. Puneet Nanda
Managing Director and CEO

Mr. Puneet Nanda is Managing Director and CEO of ICICI Venture with responsibility and oversight of all verticals across its diversified alternative asset management platform. Mr Nanda joined ICICI Venture in June 2020. Prior to joining ICICI Venture, Mr. Nanda served as Deputy Managing Director of ICICI Prudential Life Insurance, one of India’s largest life insurance companies in the private sector with an AUM of over USD 20 billion as of March 31, 2020. Mr. Nanda was closely involved in the IPO of ICICI Prudential Life Insurance which became the first insurance company to be publicly listed in India in 2016 at a valuation of USD 7 billion. Mr Nanda served on the Board of Directors of ICICI Prudential Life Insurance from August 2010 until June 2020. He joined the company at its start-up stage in January 2001 as Head of the Investments function. During his 19+ years at the company, he was responsible for initially building and thereafter nurturing the high quality investments program of the company across asset classes including public and private equity, public and private debt, real estate and strategic investments. Subsequently, since 2010, his role was expanded to include oversight of other business functions of the company involving over 14,000 personnel across 500+ offices pan India as of March 2020. He has also served on the Board of Directors of ICICI Prudential Pension Funds Management Company as its Non-Executive Director between 2009 and June 2020. Prior to ICICI Prudential Life Insurance, Mr. Nanda has worked at ICICI Securities and J.P. Morgan. Mr. Nanda received a B.E from Malaviya National Institute of Technology, Jaipur and PGDM (Finance and Marketing) from IIM Lucknow.

Picture of Mr. Mohit Batra
Mr. Mohit Batra
Executive Director
Mr. Mohit Batra
Executive Director

Mohit Batra is the Executive Director on the Board of ICICI Venture, which is ICICI group’s alternative assets company, where he leads the Infrastructure practice. He joined ICICI Bank in 1992 and worked in the areas of corporate and project finance across a range of manufacturing sectors. He then moved to Mumbai as a part of ICICI Bank’s newly set up Infrastructure SBU and in 2004 was given the responsibility to Head the Project Finance Group which worked across the entire spectrum of Telecom, Manufacturing, Infrastructure, and Oil & Gas industries. In addition, Mohit was also involved in the strategic finance and advisory services offered by ICICI Bank including M&A, transaction structuring, acquisition financing etc. for the period 2006-07. Mohit has experience of around 150 deals including Public Private Partnerships. He has worked across the entire Capital structure including equity, subordinated /mezzanine debt and senior debt with total financing committed of around USD 36 billion.

Mohit has operated at the board level of companies and has had hands on experience in project finance, corporate banking, equity investing, strategic finance and resolution of stressed assets. He has in the past worked on several infrastructure policy initiatives undertaken by the Government in the areas of power, telecom and roads.

At ICICI Venture, Mohit is responsible for infrastructure investments including Resurgent Power, which is a Power Platform co-sponsored with Tata Power for buy-out of Indian power assets. Resurgent has recently completed the acquisition of Prayagraj Power Generation Company, a 1980 MW supercritical plant as part of the stressed asset resolution process initiated by the lenders.

Mohit is an engineer and has an MS in Management from Purdue University, USA.

Picture of Ms. Beena Chotai
Ms. Beena Chotai
Chief Financial Officer
Ms. Beena Chotai
Chief Financial Officer

Beena has been associated with ICICI Venture for over 17 years in various capacities and is currently the Chief Financial Officer of the organization. She has been involved in setting up and structuring exits of several domestic and cross border funds and is also credited with the restructuring of a cross border fund having investments in various countries, an assignment that was a first of its kind.

Currently, she is overseeing the accounting, audit, taxation and treasury function and is actively involved in the designing of internal controls and monitoring process for some of the portfolio companies. She has extensively worked on devising cross border tax efficient structure for deals.

She has played an active role in defining and shaping the regulatory environment of the industry and is credited for a number of measures introduced by the regulators to encourage the industry. She has participated in the Dr. Lahiri committee set up by SEBI to recommend changes to the regulatory environment of the industry and has made representations to several regulatory authorities including SEBI, RBI & CBDT.

She is a qualified Chartered Accountant and has completed an Executive Development Program at Harvard University, USA & has attended various programmes organised by the European Venture Capital Association, UK .

Picture of Mr. K. Ravindra
Mr. K. Ravindra
Chief Risk Officer
Mr. K. Ravindra
Chief Risk Officer

Ravindra joined ICICI Venture in September 2000. His role involves providing investment / transaction advisory services to the investment and corporate teams across various practices at ICICI Venture in the areas of investment evaluation, transaction structuring, portfolio management and divestment, fund raising, fund structuring and other organizational matters. He works closely with the investment and corporate teams at ICICI Venture in establishing operating and governance processes and optimizing returns from the investment portfolio.

Prior to joining ICICI Venture, Ravindra worked with the erstwhile ICICI Ltd. (since merged with ICICI Bank) for over 12 years in the corporate credit function. His responsibilities at ICICI included developing and maintaining client relationships in a wide range of industries, cross selling ICICI Group products, working out innovative financing solutions for clients, restructuring stressed assets, etc. He has handled both equity and debt related products during his tenure at ICICI, and headed ICICI’s Hyderabad Zonal office before moving to ICICI Venture in September 2000.

Ravindra holds a Bachelors degree in Mechanical Engineering from the Indian Institute of Technology, Madras, and an MBA from the Indian Institute of Management Calcutta.

Picture of Mr. Puneet Bhatia
Mr. Puneet Bhatia
Senior Director, Real Estate
Mr. Puneet Bhatia
Senior Director, Real Estate

Puneet has around 25 years of diversified experience spread across Investment Banking, Private Equity, Lending and Structured Finance in Indian real estate. Prior to joining ICICI Venture in August 2019, Puneet was Director and Head Investments at Mirae Global Investments heading all Real Estate Investment initiatives of the Group in India.

His association with the Real Estate Industry dates back from 1994, the beginning of organized real estate Investment Banking, Consulting and Agency business in India. As one of early stage real estate professional, he played a pivotal role in shaping markets, providing Agency services, working in International Property Consulting organisations and largest private sector Bank as well as pioneering investment in Private Equity/Mezzanine finance (First FDI player to do Mezzanine Finance). In India, he has been amongst key first set of employee in IPCs like Colliers International and Jones Lang LaSalle, Property Services Group in ICICI Bank, Wells Fargo (formerly Wachovia Bank) and Shapoorji Pallonji; having closely witnessed and worked through many economic cycles in India. In the Private Equity/Mezzanine Finance, he has led team of professionals to invest, manage and successfully exit ~USD 500 million at Wells Fargo and closed a ~USD 250 million with Canada Pension Plan and Investment Board while working at Shapoorji Pallonji Group.

Puneet holds a Bachelor’s degree in B.Com (Honours) from Delhi University, ICWAI (Intermediate) and Diploma in Management from Indira Gandhi National Open University. Puneet is also eminent member of RICS (The Royal Institution of Chartered Surveyors), Chairperson and Member of Global list of Trained Assessors for RICS.

Picture of Mr. Nikhil Mohta
Mr. Nikhil Mohta
Director, Private Equity
Mr. Nikhil Mohta
Director, Private Equity

Nikhil has ~20 years of experience in Private Equity investing and Business Consulting across sectors. Prior to joining ICICI Venture in November 2017, Nikhil spent 12 years with The Carlyle Group based in Mumbai. In his last assignment as Director – Asia Growth Capital, he led several growth capital investments in India for the Carlyle Group. He has successfully made investments in businesses across financial services, pharmaceutical-healthcare, technology and manufacturing sectors.

Prior to joining Carlyle, Nikhil worked with McKinsey & Company for 4 years on consulting engagements with senior managements of Fortune 500 and other leading companies across consumer, banking, chemicals, oil and gas and telecom. He has worked across multiple functions such as strategy, operations, business building and organization.

Nikhil is a Graduate from Shri Ram College of Commerce, Delhi and a Post Graduate Diploma holder in Management from the Indian Institute of Management, Ahmedabad.

Picture of Mr. Gagandeep S Chhina
Mr. Gagandeep S Chhina
Director, Private Equity
Mr. Gagandeep S Chhina
Director, Private Equity

Gagandeep has 15 years of rich experience in Private Equity. He joined ICICI Venture in 2008 and has made successful investments and exits in businesses across consumer, financial services, insurance, pharma and services sectors. Prior to joining ICICI Venture, he was with private equity fund WL Ross & Co LLC focussing on buy-out and turnaround deals across pharma, consumer, finance, manufacturing and speciality chemicals. Prior to this, he worked with CRISIL Limited (a S&P Global Company) for 2 years, providing strategic and financial consulting to large clients across oil/gas, power, coal and petrochemical sectors. He began his career as an Engineer with Engineers India Limited, where he worked for 3 years as part of consulting and design team for refineries and pipelines.

Gagandeep is a Postgraduate in Management from Indian Institute of Management, Calcutta and a Graduate in Mechanical Engineering from Punjab Engineering College, Chandigarh.

Picture of Mr. Sainath Ramanathan
Mr. Sainath Ramanathan
Director, Private Equity
Mr. Sainath Ramanathan
Director, Private Equity

Sainath has 17 years of experience in Private Equity investing and Management Consulting across sectors.

Prior to joining ICICI Venture in July 2014, Sainath worked as Chief Operating Officer of a consumer technology startup – Qwik Entertainment India Limited, setting up India’s first cable based Video on Demand service.

In 2006, Sainath joined 3i India as part of its founding team. From 2006 – 12, he was part of the Growth Capital business of 3i in India which he finally co-led, reporting to the Head of Asia. During his stint at 3i, he made several successful investments across sectors including Media & Entertainment, Healthcare, Ports and Business Services.

Sainath began his career in Management Consulting, first at Accenture and then at the Monitor Group. He worked with several Indian and International clients across sectors such as healthcare, manufacturing, oil and gas, auto etc. advising across multiple disciplines from strategy, operations to M&A.

Sainath holds a Post Graduate Diploma in Management from Indian Institute of Management (Ahmedabad) and a B.A. (Honours) Economics from Hansraj College, Delhi University.

Picture of Mr. Rushank Vora
Mr. Rushank Vora
Director, Private Equity
Mr. Rushank Vora
Director, Private Equity

Rushank has 12 years of experience in private equity investing. He joined ICICI Venture in 2007 and has successfully led investments and exits in pharma, healthcare and logistics sectors. Prior to joining ICICI Venture, he was with the Corporate Finance Group at Aditya Birla Management Corporation Limited (ABMCL), the apex decision making body of the Aditya Birla Group. At ABMCL he was focused on sourcing and evaluation of M&A and large organic projects in chemicals, textiles, mining and metals. He was also part of the team to roll out the Economic Value Added (EVA) framework across the Group. Prior to this, he worked with Pfizer India for 2 years as part of the strategic planning and business development department focused on sourcing and evaluating M&A opportunities and strategic marketing tie-ups.

Rushank is a Chartered Accountant.

Picture of Mr. Kundan Saran
Mr. Kundan Saran
Director, Fund Raising & Investor Relations
Mr. Kundan Saran
Director, Fund Raising & Investor Relations

Kundan joined ICICI Venture in 2008. Since then, he has been involved with new business development and strategic fund raising initiatives of the firm across its different verticals, aggregating to new capital commitments of over USD 2.5 billion from Indian and foreign investors across various funds and verticals. He has also been involved in various new strategic initiatives of the firm during this period. He works closely with the MD & CEO and the various investment and corporate teams across various verticals at ICICI Venture in the areas of fund strategy formulation, fund structuring and formation, marketing strategy formulation and implementation, fund raising including documentation, investor relations, investor servicing and other organizational matters including corporate communications.

Prior to joining ICICI Venture, he has previously worked at PricewaterhouseCoopers (PwC), Aditya Birla Group (a leading Indian business conglomerate) and Business Consulting Group (a leading Indian strategy consulting firm). During his professional career spanning over 23 years, he has worked across the areas of private equity fund formation, fund raising, investor relations, corporate strategy & business development and M&A. He has worked extensively both in India and overseas. He completed his B.E with Honours and MMS with Honours from the Bombay University.

Picture of Mr. Pradeep Rohilla
Mr. Pradeep Rohilla
Director, Real Estate
Mr. Pradeep Rohilla
Director, Real Estate

Pradeep has been with the ICICI group for more than 15 years and joined ICICI Venture in 2014. At ICICI Venture, Pradeep has jointly led the creation of the high quality portfolio of IAF RE S2 and also its exits besides leading exits from the residual portfolio of IAF RE S1.

Prior to joining ICICI Venture, Pradeep was instrumental in the establishment and scale-up of ICICI Home Finance Company (a subsidiary of ICICI Bank) which became a key player in the affordable housing market across 300+ cities on a pan India basis.

Prior to this, Pradeep led the retail mortgages and real estate transaction & advisory business of ICICI Bank. He was a member of the core team that started the mortgage business of ICICI Bank and also led this business in various geographies across the country.

Pradeep brings with him significant experience and client relationships in the Indian real estate industry. Pradeep holds a Bachelor’s degree in BSc (Honours) – Electronics from Delhi University and MBA in Marketing

Picture of Mr. Santanu Biswas
Mr. Santanu Biswas
Director, Infrastructure
Mr. Santanu Biswas
Director, Infrastructure

Santanu has ~19 years experience in Indian financing space, particularly Infrastructure, covering both debt and equity. Since joining ICICI Venture in October 2014, Santanu has been part of the team that set up a Platform focused on buy-out of power projects in  India. Prior to joining ICICI Venture, Santanu had spent ~9 years in ICICI Bank (Project Finance Group, focusing on Power sector and International Syndications Group) and ~4 years in Citigroup Global Markets India (Capital Markets team focusing on providing debt solution to Indian corporates).

Santanu is a Chartered Accountant and a Post Graduate Diploma holder in Business Management from the Indian Institute of Management, Bangalore.

Picture of Mr. Madhu Nair
Mr. Madhu Nair
Head, Legal, Compliance & Secretarial
Mr. Madhu Nair
Head, Legal, Compliance & Secretarial

Madhu joined ICICI Venture Funds Management Company Limited in 2012. He is responsible for the legal, secretarial and compliance functions of ICICI Venture. He has varied legal experience having worked in various sectors like Pharmaceuticals, Engineering, FMCG, Real Estate, Automobiles and Financial Services. Since his joining ICICI Venture, he has been actively involved in several investments and divestments made by funds managed by ICICI Venture (both in the private equity and real estate space). He has also been supporting the structuring and fund raising efforts of the infrastructure fund. Prior to joining ICICI Venture, he was the Group General Counsel of Piramal Enterprises Limited, a well known and reputed diversified group in India. During his 10 year stint with Piramal, he had managed close to 30 merger & acquisition transactions, of which more than half were acquisitions outside India. He was also actively involved in the private equity, real estate and financial services activities of the Piramal Group. Some of the prominent transactions he has involved in were the acquisition by Abbot of the pharmaceutical business of Piramal Enterprises for $ 3.8 billion in 2010 and acquisition by Piramal of a stake in Vodafone India.

He is a Bachelor of Commerce and a Law Graduate from Mumbai University. He is also a qualified Company Secretary.

Picture of Ms. Neha Bhatara
Ms. Neha Bhatara
Senior Vice President, HR & Admin
Ms. Neha Bhatara
Senior Vice President, HR & Admin

During the last 18 years with the ICICI Group, Neha has straddled various roles across geographies, functions, and companies. Beginning her career in the first Bancassurance Sales team of the country at ICICI Prudential Life Insurance Co. Ltd., she had the opportunity to be a founding member of a few pioneering initiatives. Bancassurance Sales Training, where she eventually led the National Bancassurance Content Team, India’s first Insurance Academia-Industry Partnership Team where she anchored the content development and operations for “Post Graduate Program in Insurance and Management (PGPMI)” conducted by institutes like XLRI, BITS-Mesra, XIMB and XISS, and for “Executive Program in Insurance and Risk Management (EPIRM)” offered by IRDA promoted IIRM.

Neha subsequently moved to ICICI Lombard GIC Limited as the Head of Learning & Development. She was responsible for designing an Integrated Talent Development Framework comprising of competency frameworks, leadership and functional learning roadmaps and culture interventions. She also worked in the areas of talent management, organisational design, and organisational change. The talent and learning development initiative at ICICI Lombard under her leadership received global accolade from the Association for Talent Development (ATD) in 2011, 2012 and 2014.

Moving to ICICI Venture Funds in 2014 as the Head of Human Resources she has been extensively working in the areas of recruitment and organisational strategy with portfolio companies across healthcare, entertainment, fashion, manufacturing and QSR sectors. She is also responsible for leading the human resources function at AION Capital, a strategic partnership between ICICI Venture & Apollo Global Management.