Piramal Group appoints Kalpesh Kikani as CEO, Piramal Alternatives

Piramal Enterprises Ltd announced the appointment of Kalpesh Kikani as Chief Executive Officer (CEO) of its INR 11,000+ crore AUM Alternatives Business managed through its subsidiaries and joint ventures, which leverages Piramal Group’s long-standing partnerships with marquee Global investors such as CDPQ, CPPIB, APG, Ivanhoé Cambridge, and Bain Capital.

Kalpesh Kikani

Kalpesh Kikani comes with over twenty five years of expertise in investing and financial services including a decade as founding Managing Director at AION Capital (a JV between Apollo Global Management and ICICI Group).

AION Capital is a pioneer in building an India-focused private equity business with a focus on value, credit, and control. At AION, Kalpesh led both fundraising and deployment of over $1.25 billion of capital and served on the boards of several of its portfolio companies.

Previously, Kalpesh Kikani spent over 15 years at ICICI Bank. Kalpesh played a significant role in building the bank’s commercial banking business to over $10 billion in assets and the structured finance business to over $ 5 billion in assets.

Prior to that, Kalpesh Kikani setup and built the bank’s corporate and investment banking business in London to $ 4 billion in assets.

Earlier, Kalpesh Kikani was part of the retail banking team at the time of the merger of ICICI Limited and ICICI Bank Ltd. He started his career at ICICI Limited in project finance where he participated in multibillion-dollar corporate and infrastructure financing.

Kalpesh Kikani holds a Bachelor of Engineering Degree in Computer Science and an MBA in Finance from Bombay University and is a member of the CFA Institute, USA.

Commenting on the appointment, Anand Piramal, Executive Director, Piramal Group said, “We are delighted to welcome Kalpesh to the Piramal family. Kalpesh brings with him, rich experience in building an alternatives business of global scale and standard in India, a 25 year+ track record of successfully investing in India and strong relationships with leading global investors.

“While globally, alternative assets have grown rapidly over the last 10 years to over US$ 11 trillion, in India the asset class has grown much faster at over a 20% CAGR, making it one of India’s highest growth opportunities.

“Our desire is to create a world class Alternatives business across multiple asset classes that helps fill a significant deficit of long-term risk capital needed by Indian businesses as they help fuel India’s journey to a $5 trillion economy. The Alternatives business is another step in building a new age, digitally-driven, diversified financial services conglomerate at Piramal.” 

“I am excited to join the Piramal team,” said Kalpesh Kikani, CEO, Piramal Alternatives. “Piramal Alternatives has a great business model, has partnered with best-in-class global investors, and is uniquely positioned to build a leading homegrown. Alternatives business across private debt, private equity, and infrastructure, amongst others. As the Indian economy evolves, Piramal Alternatives can be a significant provider of customized financing solutions to high-quality Indian corporates who are looking to maximize their potential.”

Read more: Appointments

Related posts

Daniele Vastolo appointed new General Manager at Zulal Wellness Resort by Chiva-Som, Qatar

Chiva-Som Appoints Daniele Vastolo as General Manager of Zulal Wellness Resort by Chiva-Som, Qatar

Biswa Ranjan Mohapatra appointed Director of Rooms at Radisson Blu Hotel & Spa, Nashik

Radisson Blu Hotel & Spa, Nashik announces the appointment of Biswa Ranjan Mohapatra as Director of Rooms. A seasoned hospitality professional with…

Courtyard by Marriott expands portfolio with 93-room Courtyard by Marriott Mahabaleshwar

Courtyard by Marriott announced the brand’s debut in Mahabaleshwar with the opening of Courtyard by Marriott Mahabaleshwar. Located in the beautiful hills…

IHCL reaches 50-year milestone of managing the iconic Taj Lake Palace, Udaipur

IHCL completes 50 years of managing the iconic Taj Lake Palace, Udaipur

Manikandan Marar appointed Director of Finance Radisson Blu Hotel & Spa, Nashik

Radisson Blu Hotel & Spa, Nashik appoints Manikandan Marar as Director of Finance Manikandan Marar has been appointed as Director of Finance…

Karan Kapoor appointed new General Manager at Hyatt Raipur effective 1st September 2021

Karan Kapoor has been appointed as the General Manager at Hyatt Raipur. With over 15 years of experience, Karan Kapoor has established…

Fortune Hotels announced its 6th hotel in Delhi NCR

Fortune Hotels announced its 6th hotel in Delhi NCR Inks an agreement for Fortune Park Vivek Vihar, New Delhi Fortune Hotels, a…

Gagandeep Singh Sawhney appointed Executive Chef at Shangri-La Eros New Delhi

Shangri-La Eros New Delhi announced the appointment of Gagandeep Singh Sawhney as executive chef to head and oversee all of the hotel’s…

IHG Hotels & Resorts debuts 141-key Holiday Inn Express and Suites Jaipur in popular holiday circuit

a management agreement with notable real estate developer, Dinesh Kumar Choudhary (HUF) for a new hotel – Holiday Inn Express & Suites Jaipur Karoli Bagh

FNP Gardens rebrands as FNP Venues- a perfect destination for weddings and events

FNP Gardens revamps to new brand identity as FNP Venues, a unit by Ferns N Petals. A perfect place to celebrate happiness…