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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 27 years 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 ICAI

A rank holder from the Institute of Chartered Accounts of India (ICAI), Krishna is the promoter and Managing Director of the company. Krishna has rich and varied experience of over 28 years in all aspects of the Equity Capital Markets and leads the Research, Equity Asset Management and Corporate Advisory divisions at Emkay. He is also the Independent Director in West Coast Paper Mills Ltd.

Leadership Team

  • Suveer Chainani

    Suveer Chainani

    CEO - Institutional Clients Group

  • S Hariharan

    S Hariharan

    Head - Sales Trading

  • Sindhu Sameer

    Sindhu Sameer

    Head of Sales – Institutional Equities

  • Bhavesh Sanghvi

    Bhavesh Sanghvi

    CEO – Emkay Wealth Management

  • YATIN SINHA

    Yatin Singh

    Head – Investment Banking

  • Rahul Rege

    Rahul Rege

    Business Head - Retail

  • Sachin Shah

    Sachin Shah

    Fund Manager

  • Rajesh Sharma

    Rajesh Sharma

    Chief Operating Officer

  • Saket Agarwal

    Saket Agarwal

    Chief Financial Officer

  • Bhalchandra M.Raul

    Bhalchandra M.Raul

    Company Secretary

  • Shishir Dhulla

    Shishir Dhulla

    Chief Technology Officer

  • Sharanabasappa Jade

    Sharanabasappa Jade

    Head- Human Resources

Dhananjay Sinha

Designation Head of Research and Strategist

Education Post-graduate in Economics from Delhi School of Economics

Roles and responsibilities at Emkay Experience is considered the best teacher, and that extends to the financial markets too. With a well-rounded research experience of over two decades in the field of macroeconomics, as well as the fixed income, commodities and equity markets, Dhananjay has brought a whole breadth of knowledge to Emkay’s Institutional Research division. While personally focusing on top-down equity strategies, Dhananjay also works with sector analysts on industry themes and structural macro-economic themes and leads them on several market-recognised research projects. He has successfully extended his macro research work towards application-oriented themes covering Automotive, Rural sector, Cement, Real estate, Agriculture, Food, Banking, Consumers, Capital goods to name a few. In addition, as part of Emkay’s senior management, Dhananjay also contributes to strategic business initiatives.

S Hariharan

DesignationHead Sales Trading

EducationCFA; PGDM (IIM-Bangalore); B.Tech – Civil Engineering (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.

Sindhu Sameer

DesignationHead of Sales – Institutional Equities

EducationMBA [Finance] from RA Podar Institute of Management, Jaipur

With over two decades of experience in the capital markets, both on the buy-side and the sell-side, Sindhu brings to the table a wealth of knowledge as Head of Institutional Equity Sales at Emkay. He fervently drives the company’s Institutional accounts with his creative thinking and strategic planning. A deft orator and conversationalist, he masters the art of winning friends and influencing people

Sachin Shah

DesignationFund Manager

EducationCFA (ICFAI), B.COM

Roles and responsibilities at EmkaySachin has extended his 18 years of experience in the Portfolio Management space with Emkay. His 5-year journey at Emkay has involved managing the portfolios. Most importantly, though, he’s provided valuable inputs in the establishment of a well-documented investment process—a key reason behind our splendid performance. He’s also played a pivotal part in the development of Emkay Portfolio Management Service’s proprietary module - E-QUAL RISK, which helps evaluate and compare listed companies objectively on major factors like management integrity and capability, wealth distribution to minority shareholders, information to shareholders, and liquidity.

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

EducationB.Com; FCA; DISA(ICAI) and MBF(ICAI)

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.

Bhalchandra M.Raul

DesignationCompany Secretary

EducationB.Com(Hon); LLB; FCS; 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.

Sharanabasappa Jade

DesignationHead- Human Resources

EducationMHRDM, Narsee Monjee Institute of Management Studies. PGDBM, 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

EducationPG from 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.

Suveer Chainani

DesignationCEO - Institutional Clients Group

EducationPGDBM from S. P. Jain Institute of Management & Research, Mumbai and Bachelor of Engineering (Distinction) from Pune University

Roles and responsibilities at Emkay Suveer joined Emkay in early 2019 as the CEO of our Institutional Clients Group. Here, he spear heads 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

EducationB.Tech - IIT Roorkee, MBA – IIM Ahmedabad

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.