Anicut Capital

IAS Balamurugan, Chennai‑based, uses senior credit and structured‑finance experience from Citibank, UBS and ICICI Bank in equity investing, leading repeat rounds and backing South Indian robotics, fintech and climate‑tech founders.

Ajay Anand combines a corporate law and deal-execution background—unusual for early-stage VCs—and brings a structurally minded, finance-operator perspective, helping founders with governance, financial discipline, and capital strategy.

Dhruv Kapoor leads growth-stage equity, is spokesperson on consumer tech and D2C with experience in The Ayurveda Experience, educates founders via public Q&As, and bridges credit, growth equity and venture.

Founding team member and Partner with 18+ years in credit, CCO who structures debt solutions and applies institutional‑grade underwriting discipline to Indian growth and mid‑market private credit.

Adithya Bharadwaj is a hands-on principal with 14+ years in venture investing and consulting, a Chartered Accountant who brings a numbers-driven, capital-efficiency focus to consumer and retail scaling.

Aditya Roy, an exited founder (AllizHealth) and former operator at Viacom and Reliance Jio, invests through Indian Angel Network and in growth stages to guide startups from zero-to-one to scaling.

Arun Thathachari is Executive Director with investment-banking experience from Daiwa Corporate Advisory who invests across private credit, early-stage venture and growth equity, and is visible, named decision-maker at startup events.

Amrutha Upendran is Senior Manager of Human Resources & Public Relations at Anicut Capital, where she has established HR foundations and governance frameworks for the organization. Previously, she spent 15 years at BNP Paribas working across HR and communications roles in regulated business environments. Her focus spans organizational design, culture development, and scaling people practices as businesses grow.

Ananya Malhotra is a venture capital investor at Anicut Capital focused on early-stage investments. She is a member of Global Women in VC.

Arushi Maheshwari is a Senior Associate and investor at Anicut Capital's Growth Equity Fund, where she focuses on scaling high-growth businesses. She previously worked at an early-stage SaaS VC fund and as a management consultant at PwC and Deloitte USI. Maheshwari holds an MBA from IIM Indore and a degree from NIT Jaipur (2018), with prior experience in strategy roles at Pidilite Industries and Siemens Power Engineering.

Ayush Singh Pal is an Investment Associate in the Private Credit division at Anicut Capital. He holds a BTech in Computer Science from IIT Jammu and an MBA in Finance from IIM Trichy, and has served as a Sub Lieutenant Executive Officer Cadet in the Indian Navy. His experience includes financial analysis, credit evaluation, deal execution, financial modeling, and due diligence.

Jeyaraj Pandian is an Associate at Anicut Capital, where he supports credit underwriting and portfolio monitoring for private credit investments. He also works to identify growth opportunities for the fund.

Kriti Sachdeva is an investor at Anicut Capital focused on growth-stage companies. She holds an MSc in Finance from King's College London and has experience in venture capital and corporate finance across India and the UK, including work in startup evaluation, due diligence, and M&A transactions.

Kunal Davey is Vice President of Investor Relations at Anicut Capital LLP. He has more than 10 years of experience in investment advisory, asset allocation, and wealth management operations, serving family offices, business owners, corporate executives, and private investors. His work focuses on capital solutions and multi-generational wealth management.

Manthan Khara is a Principal Officer at Anicut Capital with expertise in financial analysis, risk management, and valuation. He holds a Certified Financial Planner designation and an MBA in Finance, and works on developing predictive models and analytical frameworks to identify opportunities and assess risks.

Radhika Khemka is a Chartered Accountant and MBA serving as Senior Manager of Investor Relations at Anicut Capital. Her background encompasses financial management and strategic investment work, with focus on the MSME and broader investment sectors.

Summit Nayak is a venture capitalist at Anicut Capital. His background includes work on mobile platforms, enterprise AI solutions, and business growth across B2B and B2C markets.

Veenu Mittal is Chief Financial Officer at Anicut Capital LLP and previously worked at Airtel. He holds FCMA and CGMA certifications along with an MBA, and brings 20 years of experience in business strategy, financial planning and analysis, corporate finance, and corporate governance across multiple industries.

Vihan Desai is a Private Credit Associate at Anicut Capital, an alternative investment platform. He supports deal evaluation, portfolio monitoring, and the structuring of credit solutions for portfolio companies across multiple industries, with a focus on financial analysis and underwriting.

Harsh Mohan is a Cambridge Judge MBA candidate with professional experience in venture capital, mergers and acquisitions, strategy, and engineering, including a role within an F1 team. He holds a Lean Six Sigma Green Belt certification and currently serves as Director at Preeti Mohan Pvt. Ltd. Mohan is involved in organizing charitable eye camps with the National Society for the Prevention of Blindness.