Investment Committee

The Investment Committee of Azure comprises of renowned professionals with
strong background and understanding of the capital market and RE sector, as under:

S K Mitra

Independent IC Member
S K Mitra Mr Mitra is one of the early investment bankers in India. He was instrumental in setting up the merchant banking division of Bank of India in 1977 and for Standard Chartered Bank in 1978. In 1985 Mr Mitra joined American Express Bank as the head of corporate banking and investment banking in India. In 1990 he was the founder Managing Director of GIC Mutual Fund. In 1994, he joined Aditya Birla Group as Director, Financial services for setting up the financial services activities for the group including mutual funds, life insurance, financial advisory services, non-life insurance broking, corporate finance, capital market and retail finance activities. Mr. Mitra was later inducted on the board of Aditya Birla Nuvo and on the board of Aditya Birla Management Corporation, the supervisory board of the Group. Mr Mitra is currently independent director, advisor with several reputed companies in diverse industries. He is also actively associated with several international NGOs, Committees and Chambers in India.

Udayan Basu

Managing Director & CEO
Udayan Basu has over 30 years in Financial services Industry, including in Banking, Asset Management and Mutual Funds. During his long career he served a number of renowned Asset Management companies like Lazard Brothers, Zurich Asset, Principal Financial Group, Daiwa Asset etc, In addition to working at senior positions in domestic institutions like JM Financial, Indiabulls Group etc. Prior to joining Azure, he was running his own consultancy in Corporate & Investment Advisory sector. Where he was involved extensively with PE business and raising resources in RE sector. Udayan is an M Com & MBA and a Certified Financial Planner (CFP).

Parmesh Ranjan

Director & CIO
Parmesh is a Co founder and CEO of India’s leading Real Estate Advisory firm, Propnix Real Estate Advisory. He has extensive experience in leading real estate projects through their complete development life cycle-from land acquisition, liaison with Govt Agencies, Design & Development, Construction, Sales and Marketing, Collection to Delivery. He was instrumental in developing the famous One India Bull Centre in Mumbai, Indiabull Central Park, Gurgaon, India Bulls Centrum, Hyderabad, Dwarka Express Way, Gurgaon etc. Parmesh is alumnus of Netarhat Vidyalaya, Science College Patna and IIT, Delhi.

Shailesh Ghorpade

Member of the Board
Shailesh has been with the Fund since inception as CEO and is the currently CIO & Managing Partner of Exfinity Technology Fund Series-1, a Category 1 AIF dedicated to Investments IT Sector. He has over 23years of experience in Project & Corporate Finance, M&A, Strategy, and Private Equity Real Estate (PERE) investments across companies in Financial Services, Energy, IT and Real Estate sectors. He has held senior positions in companies like Suzlon Energy, Birla Global Finance, Tata Finance, Infosys Technologies and Price Waterhouse Coopers. He has done management consulting for Fortune 500 companies in Europe and the USA and has led large transformation programs in his previous assignments.Shailesh completed his MBA from Jamnalal Bajaj Institute of Mgmt. Studies and Bachelor of Science & Technology from UDCT Mumbai.

Deepak Salvi

Executive Director & Country Head- Business Development & Investor Relations
Deepak has over 25 years of experience in capital markets and investment banking in areas like Fund raising, Investment banking, Wealth Management and REPE fund operations. He started his professional career as Investment Banker with ICICI Ltd and subsequently worked on senior positions with Financial Services Companies of leading industrial groups such as Tata and Birla Groups.He has been with Azure since inception. His last assignment was with Urban Infrastructure Venture Capital Ltd, one of the India’s leading Real Estate Private Equity (REPE) Fund set up by a large conglomerate. He held senior positions in their Domestic as well as Off Shore REPE Fund i.e. VP-Sales, Mktg. & Investor Relations for the Domestic Fund and General Manager-Operations for the Off shore fund, promoted by the Urban Infra. He was instrumental in raising US $500 Million and in charge of operations of the off shore fund. Prior to that he was COO of Tata TD Waterhouse Securities a joint venture between Tata and TD Waterhouse.