‘Alternative Investment Policy Advisory Committee' or AIPAC was formed to advise SEBI on a range of issues that impact further development of the AIF space in India.
SEBI constituted this 22-member committee in March 2015, with N.R. Narayana Murthy, Founder, Infosys Limited as its Chairman. Until now, the committee has submitted three reports on the AIF industry, with the last report being submitted in January last year.
Apart from the Infosys founder, the committee includes members from SEBI, RBI, Ministry of Finance, AIF players, industry associations. Lily Vadera, Executive Director, RBI represents the central bank while S V Murli Dhar Rao, Executive Director, SEBI represents the market regulator in this committee. Similarly, Rajesh Kumar Kedia and Deepak Ranjan represent the Ministry of Finance.
There are some names from the AIF industry in the committee like Saurabh Shrivastava, Devenjit Singh, Padmanabh Sinha, Gopal Srinivasan, Manish Kejriwal, Vishal Nevatia and Gopal Jain.
Here is the current composition of the committee:
|
1 |
N.R. Narayana Murthy |
Founder, Infosys Limited |
Chairperson |
|
2 |
Lily Vadera |
Executive Director, Reserve Bank of India |
Member |
|
3 |
Rajesh Kumar Kedia |
Director, CBDT, Ministry of Finance |
Member |
|
4 |
Deepak Ranjan |
Deputy Director, DEA, Ministry of Finance |
Member |
|
5 |
Ajay Kumar Kapur |
Deputy Managing Director, Small Industries Development Bank of India |
Member |
|
6 |
Saurabh Srivastsava |
Founder, Indian Angel Network |
Member |
|
7 |
Devinjit Singh |
Managing Director, The Carlyle Group, India |
Member |
|
8 |
Padmanabh Sinha |
Managing Director, Tata Opportunities Fund |
Member |
|
9 |
K.E.C Rajakumar |
Managing Director & CEO, Ascent Capital Advisors |
Member |
|
10 |
Gopal Srinivasan |
Chairman & MD, TVS Capital Funds Limited |
Member |
|
11 |
Manish Kejriwal |
Managing Partner, Kedaara Capital Advisors LLP |
Member |
|
12 |
Rajat Tandon |
President, Indian Private Equity & Venture Capital Association (IVCA) |
Member |
|
13 |
Subramaniam Krishnan |
Managing Partner, Ernst & Young LLP |
Member |
|
14 |
Nandita Agarwal Parker |
Partner, Karma Capital Management LLC |
Member |
|
15 |
Andrew Holland |
CEO, Avendus Capital Alternate Strategies |
Member |
|
16 |
Sarath Naru |
Founder and Managing Partner, Ventureast Fund Advisors India Limited |
Member |
|
17 |
Vishal Nevatia |
Managing Partner, True North (Managers) |
Member |
|
18 |
Gopal Jain |
Managing Partner, Gaja Capital |
Member |
|
19 |
Sunil B Singhania |
Founder, Director, ABAKKUS Asset Manager LLP |
Member |
|
20 |
Sateesh Andra |
Managing Director, Endiya Partners |
Member |
|
21 |
S V Murli Dhar Rao |
Executive Director, SEBI |
Member |
|
22 |
Harini Balaji |
CGM, SEBI |
Member Secretary |