" "

IVCA elects new executive committee; ChrysCapital’s Ashley Menezes to serve as Chairperson

Sumit Vishwakarma
New Update
IVCA elects new executive committee

Ashley Menezes and Sriniwasan Subramanian

The Indian Venture and Alternate Capital Association (IVCA), a pivotal industry body for alternative assets in India, has announced its new executive committee for the 2024 to 2026 term.

Ashley Menezes of ChrysCapital will serve as Chairperson, with Sriniwasan Subramanian of Kotak Alternate Asset Managers serving as vice Chairperson. Menezes will replace Karthik Reddy, the outgoing Chairperson of Blume Ventures.

What does the new committee look like?

The newly elected executive committee includes 14 elected members, seven co-opted members, and special invitees. The diverse group consists of leading figures from various top-tier investment firms, such as Carlyle India Advisors, Warburg Pincus, and HDFC Capital Advisors.


A record number of 59 nominations were received this year from member funds, indicating high engagement within the community.

What are their main objectives?

Under the new leadership, the IVCA aims to enhance the ease of investing and mobilize domestic capital to strengthen India’s economy. The committee will focus on major reforms and initiatives to attract more capital, particularly in this decade referred to as the 'techade'. The period is seen as crucial for leveraging alternative capital to bolster economic growth and development.

What does the Chairperson say?

Ashley Menezes highlighted the committee’s commitment to shaping a robust alternate capital ecosystem in India. "The new Executive Committee at IVCA remains steadfast on enhancing the ease of investing, capacity building by mobilising domestic pools of capital, and maximising efforts to attract capital to India. The mantra of ‘Amrit Kaal’ sets the stage for key reforms aimed at propelling India's economy forward," Menezes said.

Attracting FDI and domestic risk capital

The leadership of the IVCA are expected to play a significant role in attracting both foreign direct investment (FDI) and domestic risk capital.

I'm confident that the powerhouse committee will continue to guide the industry's contribution to the Indian economy and its people, as a primary driver to its Viksit Bharat 2047 destiny,” said Karthik Reddy, Outgoing IVCA Chairperson, Co-Founder and Managing Partner at Blume Ventures