Karma Capital, an equity-led portfolio management firm, has announced the appointment of its 1st non-founder CEO, Rajnish Girdhar. Rajnish previously served as the Executive Vice President – India, Offshore Products at Invesco and was responsible for business development activities pertaining to the India Investment capabilities for offshore sales channels and investors.
Rajnish will leverage his rich experience of over 25 years to guide Karma Capital through its next growth phase, while Rushabh Sheth and Nikhil Desai, the Co-Founders and Co – CIOs will continue to manage the functions of investment at Karma Capital, the statement said.
Commenting on his appointment, Rajnish Girdhar, CEO, Karma Capital, said: “Over the last 16 years, the Karma Capital founders have built a successful asset management firm that specialises in catering to institutions, family offices and UHNI’s interested in investing in Indian equities with a long-term orientation. We believe that the interest in Indian equities will continue to grow exponentially, and I look forward to scaling up this firm further by catering to the needs of our existing and new investors, without diluting the core investment philosophy of Karma Capital.”
Rushabh Sheth, Co-Founder and Co-CIO, Karma Capital, said: “As we continue to expand our firm, I look forward to focusing on managing capital with the same rigour and intellectual integrity we have since we started Karma Capital in 2005. As the market expands and regulatory needs evolve, Karma Capital will benefit from Rajnish’s expertise in building teams and companies in complex business environments, globally.”
Nikhil P. Desai, Co-Founder and Co-CIO at Karma Capital, said: “Rajnish’s skill sets, and track record of scaling companies is exactly what is needed to advance Karma Capital through its next stage of growth. Rushabh and I are extremely proud of the investment capabilities, processes, and the team that we have built at Karma Capital over multiple market cycles. Today, I am confident that Rajnish will help us cater to a larger number of investors.”
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