Board of Directors

The Board of MF Utilities India Pvt Ltd is constituted with representatives from the Participating Mutual Funds who will be offering their expertise and support to the efficient operation and governance. The following are the Directors on the Board of MF Utilities:

Mr. Saurabh Nanavati, Chairman

Saurabh is the Chief Executive Officer of Invesco Asset Management (India) Private Limited and has been instrumental in the successful establishment and growth of the mutual fund business, since its inception in 2008.

His last assignment was with HDFC Standard Life Insurance as Chief Investment Officer; overseeing USD 2 bn across asset classes. Prior to HDFC Standard Life Insurance, he was with Deutsche Asset Management for 4 years. He spent the first 20 months with Deutsche Asset Management in India, as Head of Institutional Sales, when they started their operations. He subsequently moved to Singapore as the Business Manager for their Asia (Ex-Japan) region, primarily focused on general management and overseeing day-to-day operations. He played a pivotal role in establishing Deutsche's Asset Management Joint Venture in China with Harvest Asset Management. His earlier assignments include stints with multinational institutions like Reuters and HSBC India.

Saurabh holds an Electronics Engineering degree and is an MBA in Finance from Jamnalal Bajaj Institute of Management Studies. He is also a Director on the Board of Association of Mutual Funds of India (AMFI) and was Chairman of the AMFI standing committees on ARN (2015-19) and Operation Compliance (2011-14).

Mr. Ganesh Ram, Managing Director & CEO

Ganesh has more 20+ years of experience in Financial Services, Capital markets, Process transformation & Investment Banking.

He has joined MFU from BSE Limited (Bombay Stock Exchange) where he was working as MF Business Head.

Prior to BSE he worked with KFintech (RTA) as Head - Mutual Fund Ops & Digital Products

Earlier to that, he was with Bank of America Merrill Lynch India & GE Capital managing various functions like Trading Operations, Middle Office, Global Securities, Loan Services covering Asia, EMEA & USA regions.

He has completed his Bachelor’s in Finance, PGDBA and a Certified 6 Sigma Black Belt.

Mr. Kalpen Parekh, Director

Kalpen Parekh is the  Managing Director & CEO of DSP Investment Managers Pvt. Ltd.

He has over two decades of experience in finance and asset management. Prior to joining DSP, Mr. Parekh was responsible for growing businesses at IDFC Mutual Fund, Birla Sun Life Asset Management Company Ltd., and ICICI Prudential Asset Management Company Ltd.

He is passionate about behavioural finance and believes that investor behaviour is one of the most crucial aspects to a good investment experience. Mr. Parekh has undertaken various initiatives in the organisations that he has worked with to highlight the importance and learnings of behavioural finance across the value chain.

Mr. Parekh holds a master’s degree in management studies in finance from the Narsee Monjee Institute of Management Studies and a bachelor’s degree in chemical engineering from Bharati Vidyapeeth, Pune.

Mr. Krishnan Ramachandran, Director

Krishnan is the  Chief Operations Officer of Kotak Mahindra Asset Management Company Limited.

Krishnan, is a Chartered Accountant and Cost Accountant with over 26 years of experience in the fields of Operations, Systems, Finance, MIS, Accounting, Audit and Taxation. Prior to joining the Kotak Group in August 1994, Krishnan was a practicing Chartered Accountant for two years, handling Accounting, Audit and Taxation matters for clients.

Since joining the Kotak Group, Krishnan has handled major assignments like the US GAAP implementation for the erstwhile Kotak Mahindra Finance Limited (KMFL) and subsidiary/group companies, Systems Development and Implementation, for the Retail Assets Group and KMFL's transition to Kotak Bank. Krishnan's last assignment was as Head - Operations, Retail Assets, at Kotak Bank.

Krishnan joined Kotak Mahindra Mutual Fund in August 2004 as Senior Vice President, and Chief Operations Officer, and oversees the Operations, Accounting and IT functions of the Fund.

Ms. Keerti Gupta, Director

Keerti Gupta is the Chief Operations Officer of Aditya Birla Sun Life Asset management Limited and she is responsible for building strategic and operating framework for operations and information technology of MF, PMS and Offshore business. Keerti represents ABSLAMC at Industry committee at AMFI level.

Earlier, Keerti had served Aditya Birla Sun Life Insurance Company Limited in various roles including chief Investment officer and Head -Risk and Compliance and was instrumental in setting up advanced level of risk framework including enterprise risk management, operational risk management along with information risk management. During this period she was a member on BSLI’s Investment Committee and Asset Liability Management Committee. And represented BSLI at various committees at life council and IRDA.

Prior to that Keerti had served Aditya Birla Finance as Head- Treasury. She started her carrier with Gujarat Lease Finance Limited as Branch Head.

Keerti is a finance professional with 28 years of experience in the financial services involving v disciplines ranging from sales, Treasury, Investments, Risk, Compliance, Operations and Information technology.

Mr. Vikas Singhvi, Director

Vikas is currently working with ICICI Prudential Asset Management Company Ltd and is responsible for managing the Operations, Customer Experience and Technology function. 

He has work experience of over 25 years in various facets of retail banking and asset management including branch banking, distribution of loans and deposits, debt management, fraud risk, credit policy, portfolio management, operations and technology. 

Prior to this, he was associated with ICICI Bank. At the Bank he headed the strategy and planning, customer experience, innovation, branch transformation and risk management for retail Branches and also led various initiatives in the areas of service and operational efficiency through innovations in branch channel for the Bank. He has been a speaker at various global forums.

Vikas is a Bachelor of Commerce and holds a Masters of Business Administration. 

Mr. Hemant Agrawal, Director

Hemant Agrawal is the Head – Operations and Information Technology at IDFC Asset Management Company Limited and is responsible for overseeing Operations & Customer Servicing and Technology.

Mr. Agrawal is a Chartered Accountant and has an overall experience of 20 years.

He joined IDFC AMC in November 2017. Prior to joining IDFC AMC, he was associated with IIFL Distribution Services Ltd. as Head Operations and Information Technology and was responsible for overseeing operational activities of IIFL Distribution Services – (November 2016 to October 2017). Prior to that he was associated with ICICI Prudential AMC Ltd as Head Operations & Customer Services, responsible for overseeing operations and customer cervices of ICICI Prudential AMC Ltd - (February 2007 to October 2016).

Mr. Gladston Somervel, Director

Gladston is an Executive Vice President with UTI Mutual Fund and based out of Mumbai. He was a Career Banker before he joined UTI as an Officer in 1990. Over the 3 decades he has been with UTI, he has led varied functions in Sales, Marketing and Operations. Now as Head - Investor Services of UTI Mutual Fund, he is responsible for Service Delivery across India for all their investors and intermediaries.

Ms. Radhika Gupta, Director

Radhika Gupta is the Managing Director & Chief Executive Officer of Edelweiss Asset Management Limited and Vice Chairperson of AMFI.

Radhika has more than 15 years of global asset management experience. She started her career with global giants McKinsey and AQR Capital, and then moved to India to start Forefront Capital Management, India’s first registered domestic hedge fund. She joined Edelweiss Group, after the acquisition of Forefront, scaling up the hedge fund business and also leading two asset management acquisitions – JP Morgan and Ambit Capital. She became the CEO of the mutual fund business in 2017, and is now building Edelweiss AMC into a bold, solution-oriented and customer obsessed asset manager.

Radhika grew up in four continents, and is a keen storyteller, known for “The Girl with the Broken Neck”, her personal story that crossed 2L YouTube views. She graduated from the Management and Technology Program at the University of Pennsylvania, with the highest honours, and joint degrees in Economics from the Wharton School and Computer Science Engineering from the Moore School. Radhika currently serves on the board of AMFI and Young Presidents Organization (Mumbai). She has been named by Economics Times as 40 Under 40, by Business Today and Fortune as one of the Most Powerful Women in Business, and as a Top Voice for LinkedIn.

Mr. Milind Nesarikar, Director

Milind Nesarikar is currently the Chief Service & Operational Excellence Officer for Nippon Life India Asset Management Limited. He has over 25 years of experience spanning across various industries, organizations & geographies. He has worked across various functions like Sales & Distribution, Operations, Digital Initiatives & Risk Management in the Mutual Fund Industry. He has worked in the asset management business, both in the domestic & on the overseas front.

Mr. Swaminathan Srinivasan, Additional Director

Swaminathan Srinivasan is a proficient leader in Service Industry. He is a Management postgraduate with total work experience of 22 years

Swami has worked at a Leadership position in Insurance companies like Max New York Life Insurance, Met Life & ING Vyasya. He presently works at Franklin Templeton India AMC and in tenure here, he has been responsible for different roles & projects under Transfer Agency within Company. He was Head of Customer Service & Grievances and effective December 1, 2021, he has been appointed as a Head of Transfer Agency, in this role he is responsible to lead overall Operations & Service delivery for Franklin Templeton India AMC.

Mr. Sameer Seksaria, Additional Director

Sameer Seksaria has been working with HDFC Asset Management Company as Head – Client Services since Dec’21. In this role he is responsible to lead overall RTA Operations & Service delivery for HDFC AMC.

Sameer is a Chemical Engineer from Jadavpur University, Postgraduate from IIM Bangalore & CFA from CFA institute, USA. Sameer has graduated from the prestigious Global Leadership Development Program (GLDP) of GE Capital & is also a certified Master Black Belt.

Before joining HDFC AMC, Sameer worked at Franklin Templeton AMC as their India Head – RTA Operations & Service delivery. Prior to that he has also worked with Aditya Birla Management Corporation Pvt Ltd, Nippon Reliance life Insurance, ITC, L&T, GE Capital and MetLife.