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A blend of experience and knowledge, our leaders help Emkay attain excellence in the world of finance. Be it research, markets, technology or even day-to-day operations, the captains that sheer the Emkay ship are pioneers in their own right. Meet our team of Business Leaders, who infuse speed and flexibility in decision-making and implementation, empowering our business in the financial markets.

Board Of Directors

  • Krishna Kumar Karwa

    Managing Director

  • Prakash Kacholia

    Managing Director

Prakash Kacholia

Designation Managing Director

Education Chartered Accountant

A qualified Chartered Accountant of the 1987 batch, Prakash has a rich experience of more than three decades in the Capital Market. He is the Promoter and Managing Director of the Company and leads the Derivatives business and Retail expansion at Emkay. He has been on board of the SEBI Committee on Derivatives. He has also served as a Director on the boards of Bombay Stock Exchange Limited and Central Depository Services (India) Limited.

Krishna Kumar Karwa

Designation Managing Director

Education Chartered Accountant

A rank holder from the Institute of Chartered Accountants of India (ICAI), Krishna is the promoter and Managing Director of the company. Krishna has rich and varied experience of over three decades in all aspects of the Equity Capital Markets and leads the Research, Equity Asset Management and Corporate Advisory divisions at Emkay.

Leadership Team

  • Nirav

    Nirav Sheth

    CEO - Institutional Equities

  • Rahul Rege

    Rahul Rege

    Business Head - Retail

  • Rajesh Sharma

    Rajesh Sharma

    Chief Operating Officer

  • Siddesh Sardesai

    Siddhesh Sardesai

    Chief Technology Officer

  • Saket Agarwal

    Saket Agarwal

    Chief Financial Officer

  • Sanjay Chawla

    Seshadri Sen

    Head of Research & Strategist


    Yatin Singh

    Head – Investment Banking

  • Manish Sonthalia

    Manish Sonthalia

    Chief Investment Officer

  • Sachin Shah

    Sachin Shah

    Fund Manager

  • Sharanabasappa Jade

    Sharanabasappa Jade

    Head- Human Resources

  • Bhalchandra M.Raul

    Bhalchandra M.Raul

    Company Secretary

Nirav Sheth

Designation CEO - Institutional Equities

EducationMBA - Symbiosis Institute of Business Management

Nirav spearheads Emkay's Institutional Equities vertical, as its CEO. In a career of more than 25-years, Nirav has held several leadership positions across capital markets and financial services industry. His most recent position was as the Head of Institutional Equities at SBI Capital Securities.

Before joining SBI, Nirav worked with Edelweiss as Head of Sales and subsequently as the Head of Research & Strategy. His experience in the industry is across a wide range of areas including Corporate Access, Research and Portfolio Management among others.

In one of his previous assignments, Nirav was in charge of the PMS Equity Investment team at ICICI Prudential as Head of Portfolio Management, directly managing assets over 12 bn INR.

Nirav comes with a strong research background and is acclaimed for his capabilities at expanding business and enhancing corporate access.

S Hariharan

DesignationHead of institutional Equity Sales

EducationCFA, MBA – IIM Bangalore, B.Tech – IIT BHU Varanasi

Roles and responsibilities at EmkayLeading our Trading and Dealing desk for Emkay’s Institutional Equities division is Hariharan. His proficiency and guidance aided Emkay increase its market share in the domestic institutions’ cash volumes (4% of all mutual funds’ cash volumes and 3.15% of all DII cash volumes as of March 2016) as well as record turnover volumes. This has been possible because of a coordinated work on process flow improvements, technology upgradation and wider client reach.

Sachin Shah

DesignationFund Manager

EducationCFA (ICFAI), B.Com

Roles and responsibilities at Emkay Sachin is a seasoned fund manager with over two decades of experience in the Indian equity markets. By virtue of his extensive research, Sachin realised early-on the need for a framework in which companies with evasively tricky standing needed to be filtered out very objectively, leading to the development of E-Qual Risk, EIML’s proprietary module which helps us to evaluate and compare listed companies on various aspects of governance. Sachin shares his knowledge and insights through various media interactions across print and digital platforms.

Rahul Rege

DesignationBusiness Head – Retail

EducationB.Com, Accountancy & Economics

Roles and responsibilities at EmkayRahul started his career as an Equity Research Analyst over two decades ago. Today, though, he heads Emkay’s Retail business and puts to good use his acumen in institutional and non-institutional retail broking. He has been with Emkay for nearly a decade now, adding to our basket of valuable expertise his key competencies—sharp business acumen, sound understanding of retail segment, excellent leadership skills & people management.

Sandeep Sharma

DesignationHead – Investment Banking

EducationMBA from the University of Michigan

With an experience spanning over two decades into the finer aspects of Corporate Finance & Business Strategies, Sandeep, in the capacity of Co-head (Investment Banking), catalysis business decision making at Emkay and exploration and successful closure of deals in the equity capital market space.

His proven knowledge in areas of financial reengineering and Revenue models and his reflective approach at playing with numbers elevates his competencies. His expertise and understanding of diverse sectors helps Emkay arrive at a win-win scenario during valuation, finance and deal execution.”

Divya Gandhi

DesignationHead – General Insurance Broking and Principal Officer

EducationB.Com; CA; Associate of Insurance Institute of India; Certified Arbitrator by ICAI

Roles and responsibilities at EmkayWith over 25 years of experience in the General Insurance industry, Mrs Gandhi efficiently heads Emkay’s Insurance business through the optimal mix of strong interpersonal and leadership skills as well as sound knowledge of the industry. She personally overlooks the marketing of insurance products through innovative ideas and motivating marketing channels. Her hands-on experience in all aspects of insurance – right from product development, financial and channel management to marketing insurance products – has helped Emkay form new relationships with underwriters and get the best risk coverage possible from the market.

Rajesh Sharma

DesignationChief Operating Officer

EducationChartered Accountant

Roles and responsibilities at EmkayIt takes decades of experience to ensure your systems and processes are designed such that they run smoothly. And that’s why Rajesh, with his 24 years of experience in the financial services industry, is responsible for the entire operations vertical at Emkay. This includes duties related to strategic planning, implementation, execution, the setting up of systems, procedures and internal controls, back office operations, accounts and finance, risk management and surveillance, depository and settlement, legal and compliance functions, KYC, and administration. In short: Rajesh is the brains behind ensuring that all of Emkay’s operations run flawlessly. Most importantly, Rajesh ensures Emkay has minimal reputations risks by establishing risk mitigation controls that are tested at the operations level. In fact, he personally overlooks assignments on Process Reengineering and Automation of Processes to ensure scalability of operations and reduce manual dependency.

Saket Agrawal

DesignationChief Financial Officer

EducationMBF (ICAI), DISA (ICAI), FCA, B.Com

Roles and responsibilities at EmkayWith decade years of association with Emkay, Saket is responsible for the entire accounting, finance, taxation and audits of all the Emkay group companies.

Seshadri Sen

DesignationHead of Research & Strategist

EducationCFA Charterholder, MBA (Finance) – XLRI Jamshedpur, Economics graduate – Presidency College

Seshadri brings over thirty years of experience in equity research, primarily on the sell-side, with notable involvement on the buy-side as well. His extensive career as a BFSI (Banking, Financial Services, and Insurance) analyst spanned two decades, encompassing almost nine years at JP Morgan, alongside positions at Macquarie Capital and SocGen (SG Asia). Throughout this period, his expertise was acknowledged in polls conducted by Institutional Investor, Asiamoney, and Starmine.
In his most recent role as Head of Research at Alchemy Capital Management, Seshadri built the research department from ground-up. Collaborating closely with the Chief Investment Officer (CIO), he played a pivotal role in stock selection, portfolio construction, and refining valuation metrics. Additionally, he held the position of a fund manager at ICICI Pru AMC during the early 2000s.

Bhalchandra M.Raul

DesignationCompany Secretary

EducationFCS, LLB, B.Com (Hon), CAIIB

Roles and responsibilities at EmkayThe financial and capital markets are thoroughly regulated. It’s imperative that a Financial Services company like Emkay meet all the rules and requirements set by the regulator. This is where Bhalchandra comes into the picture. His responsibility to ensure timely compliance with the Companies Act, the listing requirements as well as the SEBI guidelines is no simple duty, especially in the light of various new changes being made from time to time. And this, though, is easier said than done. Bhalchandra ensured that Emkay drafted correct provisions independently without help from regulator specimens in the various Acts and Rules.

Shishir Dhulla

DesignationChief Technology Officer

EducationCISA, Microsoft Certified Professional

Roles and responsibilities at EmkayWith over 2 decades of diverse experience, Shishir heads IT strategy, IT operations, IT service management and technology finance services for Emkay. In this capacity, he puts to good use, his previous experience with CLSA in setting up and managing mission-critical DMA, algorithmic trading, SOR & IOB trading platforms, middle office, back-office and equity research platforms.

At Emkay Shishir ensures we apply simplified solutions for complex requirements. By shifting into a strategic role at Emkay, he helps the company in its journey to become a process driven organization and make optimum use of the extensive knowledge and expertise that resides within the organization.

Siddhesh Sardesai

DesignationChief Technology Officer

EducationMFM - JBIMS, PGDBA-Banking, B.E - Computers.

Brief Profile Seasoned professional with more than a decade of experience in Financial markets - Capital Market, Derivatives, Private Wealth, Investment Banking. Leadership role in handling technology projects for various organizations like Spark Capital, Motilal Oswal, BNP Paribas & JP Morgan Handling mid & large size teams in different geographies on major IT budget projects from initialization to completion and having Hands-on experience in all phases of SDLC, RAD, and Agile Models of project implementation.

Sharanabasappa Jade

DesignationHead- Human Resources

EducationMHRDM – NMIMS, MBA- Gulbarga University.

Roles and responsibilities at Emkay With over two decades of experience across banking and financial services, Sharanabasappa brings a wealth of knowledge and understanding at managing the critical and complex function of Human Resources.

In an industry driven by service and acumen, where human interaction is not just unavoidable but pivotal. Sharanabasappa’s expertise enables us to bring out the best in each link of this chain through his extensive proficiency spanning Training & Development, Performance Improvement, Employee Relations, Compensation & Benefits, among others.

Bhavesh Sanghvi

DesignationCEO - Emkay Wealth Management

EducationMBA – Columbia Business School and NMIMS

Managing and growing client wealth is a fiduciary responsibility. It demands integrity, patience and acumen. With nearly three decades of experience behind him, Bhavesh not only comes equipped with these traits, but excels at them. Throughout his career, he has been known for building, leading and motivating teams to excel in highly demanding and dynamic business environments. Throughout his career he has excelled in achieving the high standard and business goals. His deep understanding of ever changing business landscape is truly remarkable. At Emkay he puts to good use his entrepreneurial drive combined with business-management skills to drive gains in revenue, market share and profit performance.

Vikaas M Sachdeva

DesignationCEO – Emkay Investment Managers Ltd

EducationMBA – CRKIMR Mumbai, B.com

Roles and responsibilities at Emkay Vikaas is an industry stalwart with over three decades of experience. In the course of his career, he has held several influential and senior management positions across marquee financial service organizations. He has a broad range of interests across functions like sales, distribution, marketing, investment banking, product, and customer service.

Vikaas was the CEO of Edelweiss Asset Management Ltd, successfully turning around the business culminating in the acquisition of JP Morgan MF and was also the Global CEO of Enam Asset Management Ltd, where he oversaw both global and domestic side of the business.

He has also been part of the core team turning around and scaling up the business of ING Investment Management (India) Ltd. He was also one of the founding members of Birla Sun Life International AMC Ltd.,

Among his industry affiliations, he has been an erstwhile member of the Mutual Fund Advisory Committee (MFAC), a high-powered committee appointed by SEBI to advise them on governing the MF industry. He was also on the board of the Association of Mutual Funds of India (AMFI), heading the ETF and indexing committee, which submitted the first white paper on ETFs to SEBI. More recently he was associated with the Asset Managers Roundtable of India (AMRI), the nodal body for FPIs in the country. Currently, he is a member of the Advisory Committee of the India FinTech Forum.

Under his dynamic leadership Emkay Investment Managers Ltd. recently won the award from Feather Touch for ‘The Most Innovative Company of the Year (BFSI), 2022’

Suveer Chainani

DesignationCEO - Institutional Clients Group

EducationMBA - SPJIMR, B.E – Pune University

Roles and responsibilities at Emkay Suveer joined Emkay in early 2019 as the CEO of our Institutional Clients Group. Here, he spearheads our Institutional Equities and Investment Banking divisions. Suveer has had over two decades of experience and most recently was the Head of India Equity Sales at Citigroup Global Markets. Prior to Citi, he was with Macquarie Securities, initially in Research, and then in Sales. Suveer is highly client centric and strongly believes in our motto – Your Success is Our Success, and thereby focusses on Research led Alpha generation for our institutional investor clients on one side, and coming up with win-win Investment Banking solutions for our corporate clients on the other. He also brings with him global best practices that will further strengthen Emkay’s systems and processes, so as to ensure the best services to our clients.

Yatin Singh

DesignationHead – Investment Banking

EducationMBA – IIM Ahmedabad, B.Tech – IIT Roorkee

Roles and responsibilities at Emkay Yatin comes with over a decade of experience in Investment banking. He has a strong track record of deal closures and has led origination and execution across M&A, Private Equity and ECM transactions. At Emkay, Yatin heads the Investment Banking business, where his prime focus is to ramp up the existing business by leveraging his relationships and his prior experience of having contributed to the build-out of Investment Banking divisions in Motilal Oswal and Yes Bank.

Manish Sonthalia

Designation Chief Investment Officer

EducationB.Com. (Hons.), MBA (Finance)

Manish Sonthalia serves as the Chief Investment Officer of Emkay Investment Managers Ltd. He has over 3 decades of exhaustive experience in equity fund management and research covering Indian Markets.

A commerce graduate from St. Xavier’s College, Kolkata, Manish is also a member of The Institute of Cost and Works Account of India, The Institute of Chartered Accountants of India and The Institute of Company Secretaries of India. He has completed his MBA in Finance from IISWBM. His research paper on Indian Markets ‘A Rising Consumer Class', was published by the Global World Economic Forum in 2010. His views are frequently sought by leading Media channels in India as well as globally.