Management Team

RAJESH LADDHA

Group Chief Financial Officer, Piramal Group

KHUSHRU JIJINA

Managing Director – Piramal Finance Limited and Piramal Housing Finance Limited, Piramal Enterprises

 

KHUSHRU JIJINA

Managing Director – Piramal Finance Limited and Piramal Housing Finance Limited, Piramal Enterprises

Mr. Khushru Jijina is a Chartered Accountant with an illustrious career spanning well over three decades in the field of real estate, corporate finance and treasury management. He has been with the Piramal Group for over 16 years.

Mr. Jijina is presently the Managing Director of Piramal Finance Limited and is spearheading the financial services business of the Piramal Group. Piramal Finance focuses on funding opportunities within real estate and non-real estate sectors (under its Corporate Finance Group), such as renewable energy, infrastructure, auto ancillary, cement and other sectors. Under his leadership, the platform is capable of funding across the entire capital stack ranging from early stage private equity, structured debt, senior secured debt, construction finance and Flexi Lease Rental Discounting within real estate and mezzanine funding, as well as senior secured debt, loan against shares and corporate funding within non-real estate on a sector agnostic basis. The platform has also piloted an expansion into lending towards Small and Medium Enterprises (SMEs) with the formation of an Emerging Corporate Lending group. This will enable access to smaller corporates who are typically not covered by traditional wholesale lending channels. As Managing Director, he oversees the entire spectrum of activities ranging from origination, investments, asset management, exits and new fund raising performed by a 200+ member management team. Mr. Jijina also leads the family office for all proprietary investments.

Given the size, scale and market relevance of the wholesale lending business, it was a natural progression to assess opportunities within the retail lending space. Therefore the platform has recently announced its intention to set up a retail housing finance vertical under Mr. Jijina’s leadership and applied to the National Housing Board for obtaining a Housing Finance Company (HFC) licence.

Piramal Enterprises also has a third party fiduciary business – Piramal Fund Management – advising institutional and retail investors alike through opportunistic residential development as well as customised fund management strategies such as the Mumbai Redevelopment Fund focused on slum rehabilitation and the Apartment Fund focused on bulk buying individual units. Mr. Jijina has been instrumental in establishing large separate account mandates and joint ventures with reputed global institutions such as APG, CPPIB and Ivanhoe Cambridge.

Under his leadership, Piramal Finance Limited has received several accolades, including being recognised as the Best Domestic Fund House by CNBC Awaaz in 2014; the Best Overall Investment Manager (India) by Euromoney’s Real Estate Awards in 2015 and 2016; and the Firm of the Year (India) by the PEI Global Private Equity Real Estate (PERE) awards in 2014 and 2016.

Mr. Jijina is on the Board of Shriram Housing Finance Limited and looks after housing finance business in the capacity of non-executive director. Prior to this, Mr. Jijina was the Managing Director of Piramal Realty and the Executive Director in Piramal Sunteck Realty, where he was responsible for a portfolio of real estate development projects and oversaw all aspects of their execution. Mr. Jijina joined the Piramal Group in 2001 as the Vice President-Treasury and had been instrumental in securing debt at the lowest cost for the group, setting new benchmarks in the debt market. He started his career with Rallis, a TATA Group company, where he held several important positions in corporate finance and treasury over a span of more than a decade.

PETER DEYOUNG

Chief Executive Officer, Critical Care

VIVEK SHARMA

Chief Executive Officer, Pharma Solutions

 

VIVEK SHARMA

Chief Executive Officer, Pharma Solutions

Mr. Vivek Sharma currently serves as the CEO of Piramal Pharma Solutions (PPS), a global leader in providing Contract Research, Development and Manufacturing services for the life sciences industry. PPS offers unique integrated solutions from drug discovery through development and commercialisation, with research and manufacturing facilities in North America, Europe, and Asia.

Under his leadership, PPS has been voted ‘global top 10% CMO’ for 2014 through 2016. He has led Piramal Pharma Solutions through rapid growth with a strategy that augments organic growth with synergistic, well timed, acquisitions. Internal investments in fast growing segments such as Antibody Drug Conjugate (ADC) manufacturing and hormonals, have been complemented by acquisitions in High Potent Active Pharmaceutical Ingredients (HPAPI) manufacturing, and Injectable Development and Commercialisation Services. He started his stint at the Piramal Group heading the Piramal Critical Care (PCC) business and was instrumental in improving profitability and establishing it as the third largest and the fastest growing Inhalation Anesthetics company globally.

Prior to Piramal, Mr. Sharma was Managing Director at THL Partners, a Boston based global private equity fund, and has held senior leadership positions in Finance and Operations at AMD and Motorola. With over 25 years of global management experience, he was recognised as the global ‘CEO of the Year’, 2015 at CPhI Worldwide in Madrid and has been listed among ‘the top 100 finance professionals in the United States’. He is based out of Boston and is a Chartered Accountant from India, a qualified CPA, and holds a Masters in International Business from Thunderbird School of Management.

KEDAR RAJADNYE

Chief Operating Officer – India Consumer Products

 

KEDAR RAJADNYE

Chief Operating Officer – India Consumer Products

Mr. Kedar Rajadnye is the COO of the Consumer Products business of Piramal Enterprises, one of the fastest growing self-care businesses in India and is also responsible for the IT function of the Piramal Group.

He joined the Piramal Group in 2004 to head a portfolio of domestic pharmaceutical business. Since 2008, he has been responsible for the Consumer Products division, which has grown at 22% CAGR over the last eight years. Over seven crore consumers buy a Piramal OTC product every month and with consumer off-takes close to ` 580 crore a year – the business has moved ranks up to 5th among the top OTC companies from 40th rank in 2007.

Under his stewardship the business has invested in building world-class distribution infrastructure – increasing coverage from only top 16 towns in 2008 to almost all the 2000 towns of India, which have a population of more than 50,000. He has played an influential role in building a portfolio of 18 strong brands like Saridon, i-pill, Lacto Calamine etc - six of which feature among the top 100 OTC brands of India. Most of these brands are ranked either No. 1 or No. 2 in their respective categories. He was instrumental in acquiring and integrating brands from five different companies and all acquisitions are looking set to payback before targeted time.

The business has won many Indian and international awards for marketing of i-pill, Saridon, and Lacto Calamine, over the years.

Prior to joining the Group, Mr. Rajadnye has worked at Hindustan Unilever for eight years in the sales and marketing division. He is an alumnus of Jamnalal Bajaj Institute of Management Studies and has also completed the Executive Development programme at the Harvard Business School.

SHANTANU NALAVADI

Managing Director, Distressed Asset Fund

 

SHANTANU NALAVADI

Managing Director, Distressed Asset Fund

Mr. Shantanu Nalavadi carries with him more than two decades of experience in financial services, banking and corporate finance. Prior to joining the Fund, he was co-head of the structured investment group with Piramal Enterprises Ltd., with over US$ 350 million in assets under management and before that he was a Partner with New Silk Route Advisors Pvt. Ltd., a Private Equity Fund with over US$ 850 million in assets under management. Mr. Nalavadi brings with him the experience of investing, creating value and monetising investments across several sectors, including financial services, consumer products, infrastructure, cement, media, logistics and manufacturing. In creating value for his portfolio companies, he actively participated in partnering with managements for operational improvements, competitive marketing positioning and sustainable expansion. His prior work experience includes long working tenors with global multinationals such as ANZ Grindlays Bank, Star TV and Walt Disney with P/L and business development responsibilities.

He articled with Arthur Andersen, India, before qualifying as a Chartered Accountant in 1993.

JONATHAN SANDLER

CEO, Decision Resources Group