Bringing over 35 years of expertise, Mr. Aggarwal has deep experience in the infrastructure and energy sectors with a proven track record of fostering sustainable growth and investment.

Before his appointment as CEO & MD of NIIF in February 2024, Mr Aggarwal worked with Actis, a leading global investor in sustainable infrastructure, where he joined in 2008, and became a partner in 2010. He led Actis’ energy business in Asia and established Actis as a leading foreign investor  in Indian renewables. He also started Actis’ energy investing business in South East Asia and Japan.

Prior to his tenure at Actis, Mr. Aggarwal worked with Citigroup and ANZ Investment Bank in the Indian energy and infrastructure sectors. This background has equipped him with a deep understanding of the challenges and opportunities within these critical industries.

Mr. Aggarwal has a B. Tech (Hons) in Mining Engineering and a distinguished alumnus award from IIT (ISM) Dhanbad (formerly Indian School of Mines, Dhanbad), as well as a PGDBM from XLRI Jamshedpur.

Rajiv brings over 35 years of expertise in investment, asset management, and corporate governance. His experience encompasses infrastructure, financial services, telecommunications, oil and gas, construction, and real estate. He has led global teams, overseeing investments, corporate finance, treasury, mergers and acquisitions, risk management, and restructuring for multinational corporations.

He has raised capital for large-scale projects and corporate initiatives, cultivating strong relationships with leading banks and multilateral finance agencies.

Rajiv joined NIIF in 2017 as Executive Director and COO and served as interim CEO and MD in 2023. Under his leadership, NIIF launched the India-Japan Fund with JBIC, collaborated with the U.S. on a green transition fund, and devised strategies for successor funds.

Before NIIF, he held leadership roles at the TATA Group and Omzest.

Rajiv is a Chartered Accountant with a Bachelor of Commerce (Honours) from Delhi University. He has also completed executive programmes at Wharton and Harvard Business School.

Padmanabh (Paddy) Sinha works as Executive Director and Chief Investment Officer – Growth Equity and joined NIIF in 2021. He manages the private equity business and the Strategic Opportunities Fund, presently the largest India-focused growth oriented private equity fund.

He is a veteran of the Indian investing ecosystem with a proven track record of building out leading institutions and businesses in India. He has over 27 years of work experience, primarily in private equity investments since 2002, and as an early tech entrepreneur in India. His investment experience spans across several sectors, including industrial, technology, consumer, business services, infrastructure, and financial services.

Prior to joining NIIF, he was with Tata Group’s flagship private equity fund, the Tata Opportunities Fund, as its Managing Partner and co-founder. He was instrumental in raising the then largest India focussed private equity fund in 2013 with investments from leading global investors. The first exit from the fund through an IPO returned half the fund by itself. Padmanabh was previously the Managing Director – India for Temasek where he co-founded and co-led the India office during its successful build-out phase in India. In his stint with Temasek from 2004 onwards Paddy consummated several investments in India and successfully exited many of these with attractive aggregate returns for the exits completed while he was there. He additionally led large international projects, including Temasek’s entry into life insurance investments globally.

Padmanabh was an early tech entrepreneur in India and was one of the founding members of eGurucool.com, an Ed-tech business focused on online and hybrid Test prep for Grade 9-12. Paddy started his professional career journey with a JP Morgan-ICICI investment banking joint venture in 1995.

Padmanabh holds a Bachelor in Engineering degree in Computer Science from BITS, Pilani, and is an MBA from IIM, Calcutta. He completed an Executive Development Course in Late-Stage Private Equity from Harvard Business School in 2003.

Prasad Gadkari has over two decades of experience in areas of private equity, principal investments, joint ventures, project finance, and corporate & policy advisory. He is currently the Chief Strategy Officer at NIIF and is responsible for the Strategic Initiatives & Policy Advisory function.

Prior to joining NIIF in 2017, Prasad was the Managing Director at TVS Capital, based in Mumbai. During his stint at TVS, he was responsible for driving the PE business with a specific focus on select consumer/industrial deals and finalisation of investment and fund-raise strategy of TVS - Fund 3.

Prior to TVS, Prasad was a Partner with IDFC Private Equity, focussed on investments in core infrastructure and social sectors. Over his almost decade long stint with IDFC PE, he handled several important deals including India’s first infrastructure holding company, an oncology care chain, largest airport privatisation deal, a water management business and India’s first student living solutions company.

Prasad has also worked with General Electric (GE), where he was responsible for infrastructure investing and joint ventures in South Asia, Middle East and North Africa region.

Prior to GE, Prasad was with IDFC Ltd in their project finance group, where he handled some of the earliest project financing transactions in the country. He was also a key member of the team that provided policy level inputs to the Govt of India (e.g. NHAI, JNPT) for their initial privatisation transactions.

Prasad started his career in 1996 with Larsen & Toubro’s infrastructure finance business, just around the time India started experimenting with infrastructure privatisation.

Prasad has a Bachelor’s in Commerce from Bombay University and a Master of Management Studies (MMS) from NMIMS, Mumbai. He is also a CFA Charter holder.

Vinod has 20+ years of experience across investments, strategy and management consulting and project finance. Vinod has made investments across varied sectors across early stage, growth stage and platform deals. He is amongst the few investment professionals in the Indian private equity infrastructure investments landscape with full investment cycle experience

He joined NIIF in early 2017 and is currently the Managing Partner for NIIF Master Fund. In his current role, Vinod is responsible for the overall investment strategy including setting up sectoral platforms and forging relationships with strategic operators, portfolio management and stakeholder management.

Prior to NIIF, Vinod spent 13 years with IDFC Alternatives. During his tenure, he evaluated and invested in companies across sectors including oil and gas value chain, transportation value chain, logistics, real estate, education, consumption and agri value chain. Some of the marquee deals he handled include Gujarat State Petronet Limited (GSPL), L&T Infrastructure Development Projects Limited (L&TIDPL), Gujarat Pipavav Port Limited (GPPL) and few city gas distribution companies. At IDFC, Vinod served on Boards of investee companies, helping with interventions in strategic directions, strengthening management team, assisting investee companies with access to regulators, business development and others. Vinod was also instrumental in consummating exits of investee companies through various routes - IPO, sale to strategic investors, sale to financial investors and promoter buybacks.

Prior to joining the IDFC Alternatives, Vinod worked with the infrastructure advisory vertical of Credit Analysis & Research Limited (CARE), a credit rating agency. At CARE, Vinod was involved with various advisory assignments for Ministry of Power, Disinvestment Commission (Department of Disinvestment) and various central/state PSUs including Concor, Gas Authority of India Limited (GAIL), Gujarat State Petroleum Corporation (GSPC) Group, Power Finance Corporation (PFC) and Rural Electrification Corporation (REC).

Prior to CARE, Vinod had a short stint with Small Industries Development Bank of India (SIDBI), in their project finance division.

Vinod holds a Bachelor in Mechanical Engineering degree from Sardar Patel College of Engineering (SPCE), Mumbai and has done his Post Graduate Diploma in Management from the Narsee Monjee Institute of Management Studies (NMIMS), Mumbai.

Anand has 25+ years of experience across India and Australia, of which 15 years is in private equity funds management in India.

He joined NIIF in 2018 and is currently the Managing Partner of NIIF’s Private Markets business. At NIIF, he is currently responsible for developing and executing the strategy specific to Private Markets business, which is diversified fund investing and co-investments into various sectors and strategies through third party fund managers.

Prior to joining NIIF in March 2018, Anand was a senior member of Macquarie Infrastructure and Real Assets (MIRA) team in India for about 10 years and has been involved in several direct and fund investments in sectors such as roads, power, renewable energy and real estate. He was part of the core team that established MIRA’s infrastructure funds management business in India in 2008 and was actively involved in raising and deploying a USD 1.2 Bn India dedicated infrastructure fund. During his tenure with MIRA, in addition to his involvement with investments and his role on the Investment Committee of the India dedicated fund, Anand held many roles including head of finance, head of operations and an active role in fundraising for MIRA’s India fund and a broader Asia fund.

Before MIRA, Anand worked with KPMG for over seven years in India and Australia, in the audit and financial advisory services divisions. During this period, Anand primarily worked with large clients primarily in the consumer, industrials, pharma and media and entertainment sectors. In the early part of his career, Anand has also worked with Universal Music Group in Mumbai as their Finance Manager for the India business.

Anand holds a Bachelor of Commerce and is an Indian Chartered Accountant. He has also completed his Certified Public Accountancy (US).

Saurabh has over two decades of rich experience across diverse sectors such as Private Equity, Healthcare, Consumer Durables and Consulting. His area of expertise includes P&L management, budgeting, forecasting, long term business strategy planning, financial controllership, tax restructuring and valuations.

He is currently the Chief Financial Officer of NIIF. At NIIF, he is responsible for managing financial operations of NIIF Funds and the Fund Manager, treasury, internal controls, compliances under Indian Tax Laws & AIF regulations, business planning, budget and forecasting and structuring of funds and investments, working with investment teams in establishing strong governance standards in portfolio companies. Saurabh sits on the valuation committee of NIIF Funds and heads the NIIF Delhi office.

Prior to NIIF, Saurabh spent 10 years with Actis, a leading private equity firm with presence across different continents. At Actis, he worked as the Group Chief Financial Officer in the firm’s UK and India offices. During his stint with Actis, he worked on Finance, Accounting and Internal Controls, fund raising, treasury management, business planning and forecasting and structuring of funds and investments from tax and regulatory perspective to name a few. He managed a team of 30 professionals and worked on some key projects such as implementation of vertical (asset class) wise P&L across business, setting up a carry and co-investment structures, setting up a centralised finance function for the firm in India and implementation of globally recognised financial ERPs. He joined Actis in 2007 as a Senior Manager – Finance and eventually rose to the position of being the first non-UK CFO for the group in a span of 10 years.

Saurabh has also worked with Max India Limited and LG during his career managing accounting and financial operations, business planning, cost rationalization and management of statutory compliances, product pricing to name a few. He started his career in Jan 2000 with EY’s Audit and Business Services vertical.

Saurabh is a Chartered Accountant from Institute of Chartered Accountants of India and holds a Bachelor in Commerce degree from Delhi University and has done his Master in Business Administration (Executive Program) from Indian School of Business.

Saloni has over two decades of experience in private equity, mergers and acquisitions, corporate finance, and strategy, having worked in the US and India. In her career, she has successfully negotiated, executed and closed several cross-border and domestic transactions involving mergers, acquisitions, joint ventures, private equity funding and entry-strategy assignments across sectors.

Currently based in Mumbai, she joined NIIF in its early days as the Chief of Staff and was instrumental in building several pillars of the institution. She has played a pivotal role in establishing NIIF’s offices, drafting the Governance Framework and Policies and Procedures for all the verticals of the firm, strategising for fund raising, chalking out the recruitment plan among others

She currently heads Investor Relations and Partnerships at NIIF and is responsible for fund raising for all three funds as well as building strong relationships with global investors, key stakeholders including Government of India representatives, global business leaders and Embassies and Consulates around the world. At NIIF, she has been responsible for successfully fundraising from several large, credible and reputed international and domestic investors.

Prior to joining NIIF, she was a Partner at SKP Business Consulting where she led a team of 15 in their M&A and Consulting practice. Saloni has also worked with KPMG India and HDFC Private equity. She started her career with Praxair in 1999, based out of their USA office.

Saloni holds a Bachelor’s in Commerce and Master’s in Commerce degree from Sydenham College of Commerce and Economics and an MBA from the Pennsylvania State University.

Ritika has 15+ years of experience in human capital space across leading financial services firms in India. She joined NIIF in 2018 and she is currently the Chief People Officer of NIIF, based in Mumbai.

At NIIF, she is responsible for leading the people management agenda which includes setting up of NIIF and its platform companies that have NIIF as its majority shareholder, driving talent management and employee engagement initiatives, leadership building capacity, management of policies and procedures for NIIF and its platform companies.

Prior to joining NIIF, Ritika spent over seven years with Avendus Capital, India’s largest domestic investment bank. At Avendus, she played a pivotal role in driving several key initiatives such as drafting policies and procedures, scaling up of the investment banking business and other business verticals such as Wealth Management and Credit Solutions and formalizing the campus recruitment process to name a few.

Ritika started her career with ICICI Group’s HR team and spent approximately four years with ICICI Securities and ICICI Prudential Asset Management in cumulation. She joined the group as a Management Trainee and her last position with the group was as an HR lead for one of the zones with ICICI Prudential’s asset management team.

Ritika has done her Bachelor’s in Computer Application (BCA) from Birla Institute of Technology, Mesra and holds an MBA in Human Resources from Symbiosis International School of Business and Media, Pune.

Prakhar has over two decades of leadership experience in a number of complex cross border M&As, private equity, insolvency and bankruptcy matters as well as several high value domestic and international litigations/dispute resolutions. He has worked on various transactions and litigations, pertaining to different industry verticals, including Technology (IT/ITES), telecom, infrastructure, renewables, energy, mining, manufacturing, oil and gas, financial services, pharma & health care among others spreading across geographies including North America, Europe, Middle East, Africa, South East Asia and India.

In his last role, he was the General Counsel at Kotak Alternate Asset Managers, where he managed various fund raises, investments, exits across asset classes along with regulatory and compliance matters. Prior to that he has worked with Kotak Mahindra Bank, Essar Group and the Tata Group.

He is a thought leader and an avid speaker, regularly contributing at various national and international forums on emerging legal issues. He is a member of the CII’s task force on Insolvency and Bankruptcy laws and frequently provides his views to various regulators on issues relating to different facets of the legal and regulatory framework.

Prakhar is a qualified CA, CS and LLB.