Manish Kejriwal

Manish Kejriwal
Born (1968-11-08) November 8, 1968 (age 56)
EducationBA in economics and engineering
MBA
Alma materDartmouth College
Harvard University (Baker Scholar)
Occupation(s)Founder & Managing Partner, Kedaara Capital
SpouseSunaina Bajaj
RelativesRahul Bajaj (father-in-law), former chairman of Bajaj Auto Ltd.
WebsiteOfficial website

Manish Kejriwal (born November 8, 1968)[1] is an Indian business executive and private equity professional.[2] He is the founder and managing partner of Kedaara Capital,[3] a private equity firm focused on investments in India, with reported assets under management of approximately USD 6 billion. Previously, he established and led Temasek Holdings' India office[4] and was involved in global financial investments.[5][6] Earlier in his career, Kejriwal was a partner at McKinsey & Company, working in their New York, Cleveland, London, and Mumbai offices.[7][8]

In 2023, Kejriwal became the first Indian private equity professional to be featured in the Hurun India Rich List.[9]

Education and personal life

Kejriwal earned an AB from Dartmouth College, graduating magna cum laude and receiving the Dean's Plate for academic achievement. He later completed an MBA at Harvard Business School, where he was a Baker Scholar.[8][6]

He was married to Sunaina Bajaj, daughter of the industrialist Rahul Bajaj, former chairman of Bajaj Auto Ltd.[10][7][11] Sunaina passed away on 5 October 2024, after three years with cancer at age of 53 years.[12] They have two sons – Aryaman and Nirvaan. Aryaman is currently a junior at Columbia University, studying Computer Science and Economics, while Nirvaan is in the seventh grade at the Bombay International School.[13]

Career

Early career

Kejriwal began his career at the World Bank in Washington, D.C., where he worked on development projects in emerging markets. He later joined McKinsey & Company as a business analyst after graduating from Dartmouth College.[14] During his time at Harvard Business School, he interned at Goldman Sachs in Hong Kong, focusing on principal investments and corporate finance.[15]

McKinsey & Company

As a partner at McKinsey & Company, Kejriwal worked in the firm's New York, Cleveland, London, and Mumbai offices.[7][15] He co-founded the Private Equity Practice at McKinsey and was involved in co-authoring the NASSCOM McKinsey reports, which provided critical insights into India's IT and outsourcing sectors.[6]

Temasek Holdings

In 2004, Kejriwal joined Temasek Holdings, the Singaporean sovereign wealth fund, as the head of its India office.[10] He was responsible for establishing Temasek's presence in India and overseeing its investment and divestment activities.[2] He served on the Senior Management Committee and the Senior Investment & Divestment Committee, with a focus on Temasek’s international investments, particularly in the financial institutions group (FIG) sector.[15]

Kedaara Capital

In 2011, Kejriwal founded Kedaara Capital, a private equity firm focused on control and minority investments[2][16] in various sectors in India.[17][18] The firm launched its first fund in 2013, with a total value of USD 540 million,[19] followed by a second fund in 2017. By April 2024, the firm raised Kedaara IV, with a total value of USD 1,740 million.[20][21] Kedaara Capital typically invests between USD 100 million and USD 250 million per deal.[22][23]

Board memberships and philanthropy

Kejriwal has served on the boards of several companies, including Bajaj Finserv, Bajaj Auto, Bajaj Holdings Investment,[7] K Raheja Corp Investment Managers, Bharti Airtel, Bharti Infratel, Alembic Phasmaceutical Ltd.,[6] Fullerton Financial Holdings, and several Kedaara investee companies.[6]

He is also involved in educational initiatives, including the United World College movement and serves as a founder trustee at Ashoka University. He was a former member of the Harvard Alumni Board. Kejriwal is a member of the Young Presidents' Organization (YPO) and was named a Young Global Leader (YGL) by the World Economic Forum.[6] He has written articles on private equity in India and participates as a speaker at conferences.[24][25] In 2006, he was profiled as one of the '25 hottest young executives in India' by Business Today.[26]

Kejriwal is the co-chair of both the CII National Committee on Private Equity and Venture Capital, and the IVCA Private Equity Council, and was previously a member of the Alternative Investments Policy Advisory Committee, constituted by the Securities & Exchange Board of India (SEBI).[27]

Awards and recognition

References

  1. ^ "Manish Kejriwal | Playing it by instinct - Livemint". www.livemint.com. Archived from the original on 2018-10-25. Retrieved 2024-12-27.
  2. ^ a b c d "A private equity fund manager has made it to India's super rich 2023 list". Business Standard.
  3. ^ Mishra, Pankaj (2011-12-03). "Ex-Temasek India head Manish Kejriwal may team up with CD&R". The Economic Times. ISSN 0013-0389. Retrieved 2024-12-27.
  4. ^ "Temasek, Abu Dhabi fund, Ontario invest $250 mn in Kedaara Capital".
  5. ^ Zachariah, Reena (2011-10-05). "Manish Kejriwal:Charting his own course, finally". The Economic Times. ISSN 0013-0389. Retrieved 2024-12-27.
  6. ^ a b c d e f g "Alembic Pharmaceuticals appoints Manish Kejriwal as Independent Director". Financialexpress. 2024-04-02. Retrieved 2024-12-27.
  7. ^ a b c d G, Seetharaman (2024-01-08). "Kedaara Capital's Manish Kejriwal on winning deals by not being the highest bidder". The Ken. Retrieved 2024-12-27.
  8. ^ a b Zachariah, Reena (2011-10-05). "Manish Kejriwal:Charting his own course, finally". The Economic Times. ISSN 0013-0389. Retrieved 2024-12-27.
  9. ^ a b "From Zepto's Kaivalya Vohra to Kedaara Capital's Manish Kejriwal: Key Highlights from Hurun India Rich List 2023". Business Today. 2023-10-10. Retrieved 2024-12-27.
  10. ^ a b "Temasek's India head Kejriwal steps down to start own fund". Mint.
  11. ^ Philip, Lijee (2014-07-01). "Post division, brothers Rajiv and Sanjiv Bajaj taking Bajaj Group to new highs". The Economic Times. ISSN 0013-0389. Retrieved 2024-12-27.
  12. ^ "Sunaina Kejriwal, 53, passes away after battle with cancer". The Indian Express. 2024-10-07. Retrieved 2024-12-27.
  13. ^ "Sunaina Kejriwal, Director Of Kamalnayan Bajaj Hall In Mumbai, Dies At 53". www.ndtv.com. Retrieved 2024-12-27.
  14. ^ "Manish Kejriwal". UWC India. Retrieved 2024-12-27.
  15. ^ a b c "Meet Harvard grad with wealth of Rs 3000 crore, who made debut in Hurun India Rich List; first from his sector". DNA India. Retrieved 2024-12-27.
  16. ^ "Exclusive: Kedaara Capital set to add new strategy to complement PE bets". VCCircle. Retrieved 2024-12-27.
  17. ^ "Kedaara Capital takes a write-off on over $100-mn bet". VCCircle. Retrieved 2024-12-27.
  18. ^ "Kedaara Capital on Raising India's Biggest PE Fund". Bloomberg.com. 2024-05-02. Retrieved 2024-12-27.
  19. ^ Kumar, Abhineet. "We like to invest in firms that are proxies for India's growth: Manish Kejriwal". Business Standard.
  20. ^ "Kedaara Capital hits final close of India's largest private equity fund". VCCircle. Retrieved 2024-12-27.
  21. ^ Gupta, Paromita (2024-04-25). "Kedaara Capital Closes its Fourth Fund at USD 1.74 Bn". Entrepreneur. Retrieved 2024-12-27.
  22. ^ "Kedaara Capital makes a quiet exit. Did it make any money?". VCCircle. Retrieved 2024-12-27.
  23. ^ "Capital inflows that went to China will pivot to India - Manish Kejriwal of Kedaara Capital| Davos 2024". Moneycontrol. Archived from the original on 2024-03-09. Retrieved 2024-12-27.
  24. ^ "India Exchange | India will see faster growth in the next 10 years, but policies must be consistent: Experts - CNBC TV18". CNBCTV18. 2024-04-04. Retrieved 2024-12-27.
  25. ^ "Amongst entrepreneurs; best and biggest will get most of the money: Manish Kejriwal". The Economic Times. 2024-02-19. ISSN 0013-0389. Retrieved 2024-12-27.
  26. ^ a b "Hottest Young Executives in India 2006". Business Today. 2014-03-04. Retrieved 2024-12-27.
  27. ^ "Capitalising on India's Growth Story". indiainvestment.live.ft.com. Retrieved 2024-12-27.

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