Renuka Ramnath

Last updated
Renuka Ramanth
Born (1962-09-14) 14 September 1962 (age 62) [1]
Alma mater Veermata Jijabai Technological Institute, University of Mumbai
Occupation(s)Founder and CEO of Multiples Asset Management Pvt. Ltd.
Children2 [2]

Renuka Ramnath (born 14 September 1962) is an Indian private equity fund manager, and the founder and CEO of Multiples Asset Management Ltd. [3] She is also an independent director of the apparel manufacturer Arvind Ltd., chairperson of the board at Tata Communications, and chairperson of the Indian Private Equity and Venture Capital Association. [4] [5] [6]

Contents

Career

Ramnath founded Multiples Asset Management in 2009, with a focus on mid size companies and investments between $15 million and $50 million. The firm's partners include the Canada Pension Plan Investment Board which invested $100 million in 2010. [7]

Prior to founding Multiple Asset Management Ltd., Ramnath was the MD and CEO of ICICI Ventures, the venture capital arm of the ICICI Group, through the period that saw the firm become one of the largest private equity funds in India. She is credited with helping grow the fund from a $100 million proprietary fund to a $2 billion PE fund with third-party capital. In this time she is also credited with raising, managing and divesting the $250 million India Advantage fund, generating a more than triple return on capital. [7] She has also served within the ICICI Group across investment banking, e-commerce, and private equity. [8]

Some of Ramnath's venture investments include investments in Air Deccan, Tata Infomedia, and VA TechWabag. [7]

Ramnath and ICICI Ventures were also the targets of a legal action from Azim Premji's investment company Premji Invest when one of the portfolio companies Subhiksha, a leading discount retailer, ran out of cash and closed over 1,600 stores nationwide. The notice alleged that Ramnath and ICICI Ventures had not revealed the extent of Subhiksha's problems before the sale to Premji Invests. [9] [7]

Ramnath has been featured in listings such as the Top 25 Most Powerful Women in Business (Business Today, India); [10] India's most Powerful CEO's (Economic Times), [11] the Top 25 Non Bank Women in Finance (US Banker's global list), [12] Asia's Women in the Mix: The Year's Top 50 for Achievement in Business (Forbes), [13] and the Top 25 women in Asian asset management (Asian Investor). [14]

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References

  1. ↑ "Tata Communications Annual Report 2014-15" (PDF). Tata Communications. Retrieved 7 July 2020.
  2. ↑ "Renuka Ramnath on the art of value creation". Mintlounge. 25 November 2022. Retrieved 12 November 2024.
  3. ↑ "Renuka Ramnath, Multiples Alternative Asset Management Pvt Ltd: Profile and Biography". Bloomberg.com. Retrieved 2020-10-10.
  4. ↑ "ARVIND | Fashioning Possibilities". Arvind Ltd. June 28, 2017.
  5. ↑ "Renuka Ramnath appointed as the new chairperson of IVCA". April 15, 2020 – via The Economic Times.
  6. ↑ "Renuka Ramnath elected as the Chairperson of the Tata Communications Board". Tata Communications. 2020-07-01. Retrieved 2020-07-07.
  7. 1 2 3 4 Guest, Forbes. "Asia's Women In the Mix: Renuka Ramnath's Lucrative Intuition". Forbes.
  8. ↑ Majumdar, Shyamal (October 19, 2010). "Lunch with BS: Renuka Ramnath" – via Business Standard.
  9. ↑ Sriram, R. (August 25, 2011). "Why Subhiksha Trading Services collapsed" – via The Economic Times.
  10. ↑ "Business Today's 10 listing of Most Powerful Women in Indian Business - Business Today". Businesstoday.intoday.in. Retrieved 30 October 2014.
  11. ↑ "India's top businesswomen". The Economic Times. Retrieved 30 October 2014.
  12. ↑ Rebecca Sausner (1 October 2008). "#14 Renuka Ramnath". American Banker Magazine. Retrieved 30 October 2014.
  13. ↑ Forbes Asia (27 February 2013). "Asia's Women In The Mix, 2013: The Year's Top 50 for Achievement In Business". Forbes. Retrieved 30 October 2014.
  14. ↑ "2nd Annual Japan Institutional Investment Forum - Asset Owners - News - AsianInvestor - Inside Asia-Pacific's asset management industry". AsianInvestor. Retrieved 30 October 2014.
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