Satish Chavva: IIT alumnus is new CEO of Oman India Joint Investment Fund – News

2 weeks ago


author-479256715

Updated Apr 8, 2025 21:36 IST

Oman India Joint Investment Fund New CEO

Photo : ET Now Digital

Satish Chavva: IIT alumnus is new CEO of Oman India Joint Investment Fund

IIT alumnus Satish Chavva has been appointed as the new CEO of Oman India Joint Investment Fund (OIJIF). He would be joining in the role from British International Investment (BII), UK’s development finance institution, where he held different roles including heading Direct Private Equity for South Asia.

He brings over 20 years of versatile experience across private equity investing and finance. His appointment is effective from April 1, 2025. Chavva has led investments across diverse sectors and geographies, driving significant value creation for his portfolio companies.

New CEO of the fund – Chavva – has a deep association with OIJIF, having previously served as Director of Investments at OIJIF from 2016 to 2022. Prior to that, he was with Citi Group in India and the UK, including in its private equity arm, Citi Venture Capital International (CVCI) for over 9 years.

Chavva holds a Bachelor of Technology from the Indian Institute of Technology (IIT) Bombay, a Master of Science in Computational and Applied Mathematics from the University of Texas, and an MBA from INSEAD.

During his tenure at OIJIF, he played a key role in shaping the firm’s investment management strategy and led several of OIJIF’s investments from Oman India Joint Investment Fund II (Fund II).

On his appointment, Chavva said, “I look forward to collaborating with the Board and the team to drive strategic growth, create value for investors, and support the long-term success of our portfolio companies. I am excited to lead the next chapter of innovation and opportunity at OIJIF.”

Keep exploring EU Venture Capital:  AI and venture capital among new Miranda Brawn diversity leadership scholarships

With his extensive experience and expertise in investment management, OIJIF is poised to continue its growth trajectory and expand its impact across India’s dynamic investment landscape. We are positive that under his leadership, OIJIF will continue to thrive, reach new milestones, and strengthen our partnerships.

Meanwhile, OIJIF recently received regulatory approval to launch its third fund, Oman India Joint Investment Fund III (Fund III), a mid-market private equity fund, co-sponsored by the Oman Investment Authority and the State Bank of India.

With a target fund size of $250 million, Fund III will focus on investments across a wide range of sectors including consumer, financial services, healthcare, niche manufacturing, and technology.

End of article





Source link

EU Venture Capital

EU Venture Capital is a premier platform providing in-depth insights, funding opportunities, and market analysis for the European startup ecosystem. Wholly owned by EU Startup News, it connects entrepreneurs, investors, and industry professionals with the latest trends, expert resources, and exclusive reports in venture capital.

Leave a Reply

Your email address will not be published.