What has been your most significant achievement in the year 2023?
ASK Asset & Wealth Management Group reached Rs 85,000 cr AUM with Rs 500 cr PBT and became the bellwether of the industry with the quality of the profits and deep investor relationships. ASK’s largest stakeholder is Blackstone PE. ASK Real Estate Fund raised Rs1,500 cr and committed almost all in one year!On a personal front, Nivara Home finance company limited, a micro housing finance company co-founded by me reached Rs500 cr loan book and raised more the $10 Mn ‘A’ series from Baring Private Equity India.
Who do you look up to for inspiration?
My youthful life I have spent in ICICI Bank, I am inspired by K V Kamath as he is visionary leader with courage, conviction and character. His early association shaped my leadership style of strategic thinking, challenging status quo, fearless decision making, execution with agility, attracting and nurturing talent, accessible to all and humble always.
What are your current goals?
My current goal is reaching 3X of the current AUM and raising at least $5 Bn Alternate assets including real estate in next 4-5 years. In addition, I want to run a marathon again as I stopped running sin last 7 years.
What is your future outlook for the industry?
I am very optimistic of real estate industry. With GDP inching towards $5-7Trillion, per capita of upwards of $5000, best in the class infrastructure roads, airports, ports and finan- cial infrastructure in terms of cost of capital and global investors actively pursuing India. It’s the goldilocks moment for the real estate industry and the golden decade for India.
MY LIFE IS GUIDED BY PANCHSUTRA WHICH HELPED ME BECOMING ARCHITECT OF MY LIFE JOURNEY. I BELIEVE IN MENTAL FITNESS, PHYSICAL FITNESS, FINANCIAL FITNESS, SPIRITUAL FITNESS AND FINALLY ‘GIVING BACK’ TO THE SOCIETY.
