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.
Pankaj is a Director of Aarayaa Advisory Services since 2005. He has more than 3 decades of experience in the field of Corporate Finance. At Aarayaa, Pankaj currently works on advising companies on their fund raising program, formulating restructuring scheme and M&As. He is also registered under Insolvency and Bankruptcy Board of India (IBBI) as an Insolvency Professional.
He started his career with Garware Group and gained experience in fields of Corporate Finance and Taxation. He then took over as the head of Department of Finance and Accounts at Parekh Platinum Limited, a listed company. He is an expert financial engineer in the precious metal industry. He has pioneered novice financial products like Gold Loans in India. He has successfully managed import of precious metals and has been liasoning with the International Banks who were suppliers of precious metals. He has successfully managed several fund raising programmes like IPO, private placement, project finance, working capital finance, import and export finance. He has successfully interacted with all the major all-India Financial Institutions. He has successfully established Internal Audit and Control System and MIS for the precious metals logistics and compliances with Import & Export and Sales Tax Regulations.
Pankaj is a Commerce and Law Graduate and is a fellow member of Institute of Chartered Accountants of India since 1987.
He has authored a book on “Accountancy” for F.Y. B.Com students.
He has over 25 years in experience financial services space. He is associated with Emkay Global – Broking Business for over 20 years and has handled Equity, Derivatives, Currency Transactions for UHNIs, FIIs, Domestic institutions & Corporates. He has also been advising various corporates for syndication of loans.
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 over a decade of investment banking experience, Nirav has been successfully involved in various projects, including Private Equity, M&A (Domestic & Cross Border), Debt Syndication, Valuations and other corporate finance related projects. He has worked on all stages of a transaction right from deal origination to execution to closure. The deals that he successfully closed and worked on cover various industries like Automotive, Aerospace & Defense, Software & IT Services, Media & Telecom, Industrials, Consumer & Retail and Logistics & Infrastructure.
He holds a Bachelor’s degree in Commerce from Mithibai College (Mumbai University) and has earned his M.B.A. degree from Warnborough College University, U.K.
Sr. Vice President
Ashish Joined Aarayaa in 2019. He has been successfully involved in various projects of M&A and Private Equity since 2007. He has been actively covering Chemicals, Pharma, Plastic and Packaging sectors in India.
Prior to joining Aarayaa, Ashish worked with Morgan Stanley in Mumbai, New York and London and with Lincoln International in Mumbai.
Ashish holds a Bachelor’s degree in Commerce from the NarseeMonjee College of Commerce and Economics, Mumbai. He is also a Chartered Accountant.
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 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.
Asst. Vice President
Prior to joining Aarayaa in 2014, Jay was part of Kotak Investment Banking. He has worked on several deals across sectors, including sell-side and buy-side M&A, equity financing, an equity share buyback and an Institutional Placement Programme (IPP).
Prior to Kotak Investment Banking, Jay worked at Emkay Global Financial Services Limited. He was part of their institutional equity research team covering the FMCG and Capital Goods sector. His work included financial modelling, valuations, report writing.
Jay is a Chartered Accountant and has cleared all 3 levelsof CFA from the CFA institute, USA. He also holds a Master’s Degree in Commerce from Mumbai University and has graduated from NarseeMonjee College.
Asst. 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 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).