CEO & Managing Director, India and South East Asia
Ajay Hattangdi is Chief Executive Officer & Managing Director responsible for leading InnoVen Capital's businesses in India and South East Asia.
Ajay is widely recognized as the pioneer of the venture lending segment of the corporate finance industry in India. He has worked with venture capitalists and entrepreneurs in introducing the concept of venture lending for over 10 years since he founded Citigroup India's venture debt business in 2005. At that time, Ajay had the added responsibility of being the head of strategy for the Citigroup's corporate and investment bank in the country. Ajay subsequently went on to establish SVB India's specialty lending business in 2008 which was the first institution in the country to exclusively provide venture debt to venture capital backed companies. SVB's India business was subsequently rebranded InnoVen Capital India as a result of being acquired by Temasek Holdings in 2015.
Ajay is on the advisory board of Mumbai Angels which is among the largest angel groups in India and a member of the steering committee of the Association of Indian Angel Groups, a collective of accredited angel investor groups in India. Hattangdi is also a Charter Member of the Mumbai Chapter of The Indus Entrepreneurs and an active mentor on the Mentorship Program. He is a regular speaker on the angel and venture capital circuit. In 1998, Ajay co-founded PRAJA Foundation, a voluntary Mumbai-based non-profit committed to re-establishing accountability and transparency in public governance.
Ajay has a Bachelor's in Commerce from Sydenham College, a Master's degree in Banking & Finance from Mumbai University, as well as an MBA from the State University of New York at Buffalo. His other interests include playing squash, a staple diet of food shows, and an ongoing attempt to understand quantum theory.