Mr. Hrishikesh Parandekar, Seasoned Banker to Head Ambit NBFC and Private Wealth

Ambit Holdings. today announced the appointment of Hrishikesh Parandekar as CEO for Ambit Finvest and Ambit Private Wealth.

Ambit Finvest provides structured lending solutions to entrepreneurs and their operating companies. The core focus is on SME and project-based lending through a variety of senior and mezzanine debt solutions. Additionally, the business works closely with its private client group to provide capital market solutions to promoters and capital market participants.

Ambit Private Wealth platform seeks to provide tax-informed solutions, investment ideas across all asset classes as well as support to manage trusts/ estates/ inheritance matters and consolidated overview of the family wealth.

“We are delighted to welcome Hrishikesh to the Ambit family. He is a seasoned financial services expert and brings with him invaluable experience and understanding of a dynamic environment. His wide and varied expertise in the financial services space will enable the Ambit group grow in multiple spheres”, said Rahul Gupta, Joint Group CEO, Ambit Holdings.

Hrishikesh Parandekar is an alumni of IIM Ahmedabad, where he was awarded the President’s Gold Medal. He comes along with over 20 years of work experience in strategic consulting and private wealth management across India, USA, and Latin America.

He was Group Head and CEO for Karvy’s broking, wealth management and asset management businesses. At Karvy, he founded the India Rising Fund. This was preceded by his time as the Managing Director of Morgan Stanley, New York. Hrishikesh has also been a Senior Consultant with McKinsey.

Hrishikesh has been instrumental in driving performance through his leadership qualities and strategic role in diverse complex environment. He specialized in serving investment houses, banks, and insurers, on issues related to strategy, investments and product management. He was also a member of the exclusive Global Private Wealth Management Executive and Operating Committees, and is present on the Board of Directors of Shree Renuka Sugars, India’s largest integrated sugar company.

About Ambit Holdings:

Ambit is a full services investment bank covering Investment Banking, Private Equity, Asset Management, Wealth Management, Institutional Equities and Private client services. It is one of the premier “home grown” standalone financial firms in the market offering seamless service across the advisory spectrum.