Raj Shroff
Founder, Director
Raj Shroff is the Founder and Director of Aarayaa Advisory Services. He has more than 2 decades of professional experience in mergers and acquisitions, capital raising, joint ventures, international tax, merchant banking and valuations with being associated with closure of more than 100 deals. He is also Partner, Managing Director of The Corporate Finance International Group – India. He is also associated with V. B. Desai Financial Services Limited – a Category I merchant banker which has handled more than 100 public offerings. He is also registered under Insolvency and Bankruptcy Board of India (IBBI) asRegistered Valuer (Securities or Financial Assets).
Prior to the founding Aarayaa, Raj was heading the globalisation practise at one of the leading law firms in India – Nishith Desai Associates.
He is a fellow member of Institute of Chartered Accountants of India and a Certified Public Accountant from California, USA.
Raj is a visiting faculty at Government Law College. Raj has written numerous articles and is also a frequent speaker at various professional and trade association.
Hoshi Deboo
Advisor
Hoshi Deboo is Founder and Managing Partner of Ahura Global Partners based in Singapore.
He has been a senior executive with over 35 years of US & Asia Pacific experience in growth and turnarounds across wide industry segments and with publicly listed and private companies. He advises and provides investment life cycle advisory services to middle market investors and companies and also co-invests. He assists companies and investors with deal screening, restructuring, reinvent business and M&A advisory to leverage over 3 decades of operating and funding experience in several industry segments.
Hoshi holds a B.TECH (HONS) in Mechanical Engineering from the Indian Institute of Technology, Kharagpur, India and a Master of Science in Industrial & Systems Engineering from the Illinois Institute of Technology in Chicago, Illinois, USA.
Hemendra Shroff
Director
Hemendra has founded VBD Capital Advisors Pvt. Ltd. – specializing in debt syndication and distribution of insurance products.
Hemendra has been in financial services since 1994 working in organizations like Aarayaa Finstock Pvt. Ltd., V. B. Desai Financial Services Ltd. and Religare Capital Markets Ltd. He has significant experience in business development with strong client relationship and accessibility to various institutional investors. He leads in negotiating strategic alliances and debt structuring of transactions.
Nirav D Shah
Sr. Vice President
With almost 20 years of investment banking experience, Nirav has been successfully involved in various transactions including Private Equity, M&A (International & Domestic) and Corporate Finance. He has worked on all stages of a transaction from Deal Origination to Execution and Closure. He has been a part of the early team at Aarayaa and has been instrumental in multiple successful deals across Automotive, Aerospace & Defense, IT & ITES, Engineering & Industrials, Consumer etc.
He has earned his MBA degree from Warnborough College University, U.K. and also holds a Bachelor’s degree in Commerce from Mumbai University.
Saurabh Shah
Vice President
Saurabh joined Aarayaa in the year 2009 and is actively involved in valuation and merger & acquisition projects.
He is a graduate of Commerce from NarseeMonjee College of Commerce & Economics, M. Com, MBA in Finance from Thakur Institute of Management Studies & Research (TIMSR) and Company Secretary (C.S.).
He is also a visiting faculty at Malini Kishore Sanghvi College (Ritumbhara College), TIMSR etc.
Pooja Motani
Vice President
Pooja joined Aarayaa in 2007. She has been successfully involved in various projects of Mergers and Acquisitions, Capital Raising, Joint Ventures and Valuations. She has worked on all stages of a transaction right from deal origination to execution to closure. The deals that she successfully closed and worked on cover various industries like Consumer Goods & Retail, Casting and Forging, Oil and Gas,etc.
She holds a Bachelor in Management Studies from Mumbai University and is an MBA in Finance from MET Institute of Management, Mumbai.
Srujan Poojary
Vice President
Srujan joined Aarayaa in 2017 and is involved in valuations, mergers & acquisitions and other related advisory assignments.
Prior to Aarayaa, Srujan was part of Axience Consulting Private Limited. He was part of their financial research team covering the Banking, Retail and Logistics sector in the middle east market. His work included financial modelling, valuations and report writing. He has also worked at J.D Jhaveri & Associates as Audit Executive where he was responsible for executing internal audit assignments and various corporate advisory and tax compliances services.
Srujan is a Chartered Accountant, CFA Level III candidate and a Commerce graduate from K J Somaiya College of Arts & Commerce.
Miti Jhaveri
Vice President
Miti joined Aarayaa in 2017 and is involved in industry research and analysis of various projects.
Miti is a Commerce Graduate from Mumbai University and has pursued Masters in Business Administration from NarseeMonjee Institute of Management Studies (NMIMS).
Anuj jain
Associate
Anuj joined Aarayaa in 2021 and is involved in valuations and investment banking.
Prior to Aarayaa, Anuj was part of Evalueserve working as research analyst. His work included financial modelling and report writing.
Anuj is a Chartered Accountant, CFA Level III candidate and a Commerce graduate.
Aakruti Gala
Associate
Aakruti joined Aarayaa in 2022, and is involved in investment banking.
Prior to Aarayaa, Aakruti was working as an investment analyst for a real estate focused fund. Aakruti is a Chartered Accountant, CFA Level II candidate and a Commerce graduate from H. R. College of commerce & Economics.
Shashwat Joshi
Associate
Shashwat Joined Aarayaa in 2022 and is a part of the Valuations Team.
Prior to joining Aarayaa, he was working with KPMG in the statutory audit practice where he was involved in the statutory audits of listed and unlisted companies. Shashwat is a Chartered Accountant and a commerce graduate from Pune University.
Shivam Harlalka
Associate
Shivam joined Aarayaa Advisory in 2024 and is part of Investment Banking Team
Prior to joining Aarayaa, Shivam held positions as an Associate at BDO India. Prior to that he gained experience in statutory audit and taxation practice at Ernst & Young and Mehta Chokshi & Shah. He is a Chartered Accountant, CFA Level III candidate, 22nd All India Rank in CS Executive, and holds a Masters from Mumbai University and a commerce degree from H. R. College.
Mausam Mehta
Associate
Mausam joined Aarayaa Advisory in 2024 as an Associate in the Investment Banking Team.
Prior to joining Aarayaa, Mausam was a Management Consultant at Efficio Ltd., London. She holds an MSc in Management from the London School of Economics and Political Science (LSE) and has done her BBA from Narsee Monjee Institute of Management Studies, Mumbai.
Pankti Patel
Manager HR & Admin
Raj Shroff
Founder, Director
Raj Shroff is the Founder and Director of Aarayaa Advisory Services. He has more than 2 decades of professional experience in mergers and acquisitions, capital raising, joint ventures, international tax, merchant banking and valuations with being associated with closure of more than 100 deals. He is also Partner, Managing Director of The Corporate Finance International Group – India. He is also associated with V. B. Desai Financial Services Limited – a Category I merchant banker which has handled more than 100 public offerings. He is also registered under Insolvency and Bankruptcy Board of India (IBBI) asRegistered Valuer (Securities or Financial Assets).
Prior to the founding Aarayaa, Raj was heading the globalisation practise at one of the leading law firms in India – Nishith Desai Associates.
He is a fellow member of Institute of Chartered Accountants of India and a Certified Public Accountant from California, USA.
Raj is a visiting faculty at Government Law College. Raj has written numerous articles and is also a frequent speaker at various professional and trade association.
Hoshi Deboo
Advisor
Hoshi Deboo is Founder and Managing Partner of Ahura Global Partners based in Singapore.
He has been a senior executive with over 35 years of US & Asia Pacific experience in growth and turnarounds across wide industry segments and with publicly listed and private companies. He advises and provides investment life cycle advisory services to middle market investors and companies and also co-invests. He assists companies and investors with deal screening, restructuring, reinvent business and M&A advisory to leverage over 3 decades of operating and funding experience in several industry segments.
Hoshi holds a B.TECH (HONS) in Mechanical Engineering from the Indian Institute of Technology, Kharagpur, India and a Master of Science in Industrial & Systems Engineering from the Illinois Institute of Technology in Chicago, Illinois, USA.
Hemendra Shroff
Director
Hemendra has founded VBD Capital Advisors Pvt. Ltd. – specializing in debt syndication and distribution of insurance products.
Hemendra has been in financial services since 1994 working in organizations like Aarayaa Finstock Pvt. Ltd., V. B. Desai Financial Services Ltd. and Religare Capital Markets Ltd. He has significant experience in business development with strong client relationship and accessibility to various institutional investors. He leads in negotiating strategic alliances and debt structuring of transactions.
Nirav D Shah
Sr. Vice President
With almost 20 years of investment banking experience, Nirav has been successfully involved in various transactions including Private Equity, M&A (International & Domestic) and Corporate Finance. He has worked on all stages of a transaction from Deal Origination to Execution and Closure. He has been a part of the early team at Aarayaa and has been instrumental in multiple successful deals across Automotive, Aerospace & Defense, IT & ITES, Engineering & Industrials, Consumer etc.
He has earned his MBA degree from Warnborough College University, U.K. and also holds a Bachelor’s degree in Commerce from Mumbai University.
Saurabh Shah
Vice President
Saurabh joined Aarayaa in the year 2009 and is actively involved in valuation and merger & acquisition projects.
He is a graduate of Commerce from NarseeMonjee College of Commerce & Economics, M. Com, MBA in Finance from Thakur Institute of Management Studies & Research (TIMSR) and Company Secretary (C.S.).
He is also a visiting faculty at Malini Kishore Sanghvi College (Ritumbhara College), TIMSR etc.
Pooja Motani
Vice President
Pooja joined Aarayaa in 2007. She has been successfully involved in various projects of Mergers and Acquisitions, Capital Raising, Joint Ventures and Valuations. She has worked on all stages of a transaction right from deal origination to execution to closure. The deals that she successfully closed and worked on cover various industries like Consumer Goods & Retail, Casting and Forging, Oil and Gas,etc.
She holds a Bachelor in Management Studies from Mumbai University and is an MBA in Finance from MET Institute of Management, Mumbai.
Srujan Poojary
Vice President
Srujan joined Aarayaa in 2017 and is involved in valuations, mergers & acquisitions and other related advisory assignments.
Prior to Aarayaa, Srujan was part of Axience Consulting Private Limited. He was part of their financial research team covering the Banking, Retail and Logistics sector in the middle east market. His work included financial modelling, valuations and report writing. He has also worked at J.D Jhaveri & Associates as Audit Executive where he was responsible for executing internal audit assignments and various corporate advisory and tax compliances services.
Srujan is a Chartered Accountant, CFA Level III candidate and a Commerce graduate from K J Somaiya College of Arts & Commerce.
Miti Jhaveri
Vice President
Miti joined Aarayaa in 2017 and is involved in industry research and analysis of various projects.
Miti is a Commerce Graduate from Mumbai University and has pursued Masters in Business Administration from NarseeMonjee Institute of Management Studies (NMIMS).
Anuj jain
Associate
Anuj joined Aarayaa in 2021 and is involved in valuations and investment banking.
Prior to Aarayaa, Anuj was part of Evalueserve working as research analyst. His work included financial modelling and report writing.
Anuj is a Chartered Accountant, CFA Level III candidate and a Commerce graduate.
Aakruti Gala
Associate
Aakruti joined Aarayaa in 2022, and is involved in investment banking.
Prior to Aarayaa, Aakruti was working as an investment analyst for a real estate focused fund. Aakruti is a Chartered Accountant, CFA Level II candidate and a Commerce graduate from H. R. College of commerce & Economics.
Shashwat Joshi
Associate
Shashwat Joined Aarayaa in 2022 and is a part of the Valuations Team.
Prior to joining Aarayaa, he was working with KPMG in the statutory audit practice where he was involved in the statutory audits of listed and unlisted companies. Shashwat is a Chartered Accountant and a commerce graduate from Pune University.
Shivam Harlalka
Associate
Shivam joined Aarayaa Advisory in 2024 and is part of Investment Banking Team
Prior to joining Aarayaa, Shivam held positions as an Associate at BDO India. Prior to that he gained experience in statutory audit and taxation practice at Ernst & Young and Mehta Chokshi & Shah. He is a Chartered Accountant, CFA Level III candidate, 22nd All India Rank in CS Executive, and holds a Masters from Mumbai University and a commerce degree from H. R. College.
Mausam Mehta
Associate
Mausam joined Aarayaa Advisory in 2024 as an Associate in the Investment Banking Team.
Prior to joining Aarayaa, Mausam was a Management Consultant at Efficio Ltd., London. She holds an MSc in Management from the London School of Economics and Political Science (LSE) and has done her BBA from Narsee Monjee Institute of Management Studies, Mumbai.
Pankti Patel
Manager HR & Admin