Ajay Anand

Chief Financial Officer

Ajay is the CFO of Anicut Capital. At Anicut, he also leads the Angel Fund initiative where he oversees deal diligence, structuring, investor connect and post investment mentoring and monitoring. He has over a decade of experience in early-stage start-up funding in the field of corporate law, diligence, deal structuring, negotiations, investor relations and compliances.

Ajay is a B.COM (Hons.) graduate and holds a Law degree.

Ankita Poddar


Ankita is a member of credit risk team where she assists on deal evaluation, industry insights, diligence and documentation in pre-investment stage.

A fresher with exposure to consumer, auto and financial services sectors during her student life.

Ankita completed her education from National Institute of Technology and Indian Institute of Management Tiruchirappalli.

Ashvin Chadha

Managing Partner

Ashvin is managing partner and member of Anicut Investment Committee. Ashvin is a career finance professional with two decades of experience across investment banking, private equity / angel investments and private credit. He has served on the Boards of several public and private companies.

Ashvin completed his education from Wesleyan University and The London School of Economics.

IAS Balamurugan

Managing Partner

Bala is managing partner and member of Anicut Investment Committee. Career banker with 27 years of experience in commercial banking, private wealth management and private credit. He has also served in credit committees and board of several companies.

Bala completed his education in Engineering and MBA from Madurai Kamaraj University.

P. S. Balaji

Senior Associate

Balaji is a member of credit risk and monitoring team where he focuses on post-investment monitoring of fund investments on business milestones, corporate, secretarial compliance and supporting investee companies with timely business insights.

He is a finance professional with 5+ years of experience in SME ratings, corporate finance and due-diligence.

Balaji is a member of The Institute of Chartered Accounts of India.

Dhruv Ranjan

Senior Associate

Dhruv is responsible for origination, shortlisting, due diligence and capital raise of new deal flow at Anicut Angel Fund. His prior experience has been in spearheading the evaluation of fresh investments in Angel network space.

Dhruv is an engineer from SMVD University and has done his masters in Finance from Infinity business School.

A. Jayaseelan


Jay heads underwriting and monitoring for the fund since inception, where he is responsible for constructing and managing the portfolio to suit fund’s investment objectives and investee companies’ aspirations. Jay has 18 years of experience in commercial banking, equity / debt fund raising and private credit.

Jay completed his education in Engineering from Anna University and MBA from Indian Institute of Management- Indore.

Joseph Steejan


Joseph supports Anicuts operations by handling office administration. He is a graduate of law from University of Madras.

Kunal Davey

Associate Vice President

Kunal is responsible for handling investor relations since the inception of the fund, where he focusses on fund raising, managing investor relationships, onboarding clients, investor communication and engaging with the stake holders of the investors. Kunal has more than 10 years of experience in investment advisory and managing wealth of high net-worth individuals.

Kunal has a bachelor’s degree in corporate secretaryship from the University of Madras and MSc in Finance & Investments from Lancashire Business School, UK.

P. Venkatesh

Associate Vice President

Venkatesh is responsible for governance and fund operations since the inception of the Fund, where he focusses on setting up new funds, onboarding fund alliances, fund accounting, audit and statutory compliance. Veteran with over 23 years of experience in handling investment operations, debt syndication and audit compliance.

Venkatesh has a bachelor’s degree in Mathematics and Law, a Certified Financial Planner, Associate of Insurance Institute of India and a CFA Level 2 candidate.