Kushal Desai

Managing Director Apar Industries Limited.

Ketan helped us raise equity funds running a multi-pronged strategy that resulted in bringing into the company good long term investors at a favorable valuation. This exercise was preceded by a well-planned investor relation exercise covering potential investors both domestically and overseas. He remained involved through the entire exercise from start to finish. I would like to wish him the very best in his new endeavors.

Namit Malhotra

CEO Prime Focus Limited

Ketan helped us with successfully refinancing our Convertible Bonds. I appreciated the fact that he pro-actively identified the opportunity, was not afraid to challenge us or our thought processes prior to negotiations, and then relentlessly worked on both sides to get a deal done which is highly praiseworthy. I wish lots of luck and success in his new venture.

T. Shivaraman

Vice Chairman Shriram EPC Group

We have worked with Ketan and found him to be very knowledgable and well connected in the financial markets. We were able to explore Mezz debt, Private Equity and QIPs with him and found his advice and actions to be focussed entirely on our interests. He was patient, persistent and focussed on the best results for us and not influenced by his own financial interests. We wish him the best in his future endeavors.


Luv Chhabra

Managing Director CLSA Private Equity

Ketan represented one of the lead managers when Punj Lloyd decided to go public. He and his team researched well to help us plan and prepare ourselves prior to the IPO, and provided useful inputs to successfully position our strengths and communicate our growth story to global investors. The IPO was extremely successful. I wish Ketan all the best in his future endeavors.

Varun Batra

Partner Barings Private Equity

We worked with Ketan while he was at Daiwa for various initiatives. He helped us and our investee companies related to Japan and Korea, and I found him providing sound advice on identifying potential opportunities in dynamic markets with a good pulse on navigating cultural sensitivities.

Nainesh Jaisingh

Managing Director Standard Chartered Private Equity

It was a pleasure to interact with Ketan during Standard Chartered's investment in Prime Focus. He played a key role in bridging issues that arise owing to differences between requirements of functioning of large professional institutions and entrepreneur run companies.

Nishant Fadia

COO Prime Focus Limited

Ketan helped us raise $86m in a complex transaction involving four - five instruments, tight deadlines, multiple changes in deal structure owing to regulatory issues. His practical inputs were very useful during negotiations, solving deadlocks, and addressing cumbersome procedural requirements.


Gary Ng

Managing Director CLSA Private Equity

It was a pleasure to work with Ketan during CLSA Private Equity's investment in Apar Industries. He was professional and worked to address a win-win solution.


A. K. Srivastava

then MD & CEO Essar Power

Ketan worked with me on debt financing and privatisation bids for the Ultra Mega Power Privatisation when I was at Essar Power. I found him to be reliable and he provided practical support on financing and process issues.

Phillie D Karkaria

then Executive Director Tata Realty and Infrastructure Limited

Ketan Shah worked as part of the Barclays team in the latter part of 2007 to successfully raise upto US$ 120m. (through a feeder fund) for the Tata Realty Initiatives Fund 1 from offshore investors.Wishing him the very best in his endeavours.

Madhusudan Rao

Chairman Lanco Group

Ketan played a key role in successfully taking our company public at a time when valuation of infrastructure and power companies which had large projects but low revenues was a difficult exercise. Over the years, he has introduced new potential investors from US, Korea and Japan for different businesses including our clean energy business. We wish him all the best in his endeavors.