India’s fintech sector is witnessing unprecedented growth, driven by digital innovation, financial inclusion, and evolving consumer demands. Behind this transformation are leading investment banks that facilitate capital infusion, mergers, and acquisitions, enabling fintech startups to scale rapidly. These banks act as key financial advisors, helping companies navigate funding rounds, IPOs, and strategic partnerships. From global powerhouses to homegrown financial institutions, they play a crucial role in shaping the future of digital payments, lending, wealth management, and blockchain technology. Their expertise in deal structuring, risk assessment, and regulatory compliance ensures seamless transactions, fostering a robust fintech ecosystem. As India cements its position as a global fintech hub, these investment banks continue to drive innovation and economic growth, supporting startups and enterprises alike. Here’s a look at the top 50 investment bankers leading fintech investments in India.

• Govind Khetan (Vice President, J. P. Morgan): Govind Khetan, Vice President at J.P. Morgan, is a seasoned investment banking professional with expertise in corporate finance and fintech investments. A Chartered Accountant and CFA Level III pass-out, he has played a pivotal role in high-value financial deals. With a strong foundation from Mumbai University, he brings analytical excellence to investment strategies.

• Nikita Giria (Vice President, Morgan Stanley): Nikita Giria, Vice President at Morgan Stanley, is a seasoned investment banker with over a decade of expertise in M&A and equity. She has played a key role in some of India’s most complex fintech and technology deals, shaping the country’s investment landscape. Her vision extends beyond transactions, advocating for long-term value creation and sustainable success.

• Mayuresh Patwardhan (EVP & Co-head Corporate Finance, IndusInd): Mayuresh Patwardhan, EVP & Co-head of Corporate Finance at IndusInd, is a key player in driving fintech investments in India. With extensive experience in corporate finance and strategic investments, he has successfully led transformative deals across the fintech sector. 

• Chetan Mehta (Associate Director, Deloitte): A seasoned investment banker with over 10 years in Big 4 MNCs, Chetan Mehta has spearheaded major fundraises, M&A, and JV deals across BFSI and fintech. Backed by credentials from CFA Institute, SPJIMR Mumbai, and IIT Kharagpur, he has advised top domestic and global clients. 

• Amit Gome (Vice President, Barclays): Amit Gome, Vice President at Barclays, is a seasoned investment banker driving fintech innovations in India. With expertise in portfolio management, risk assessment, and corporate finance, he plays a pivotal role in shaping capital markets. An MBA graduate from Welingkar Institute, he brings strategic vision to banking and fintech investments

• Rajat Prabhakar (Vice President, Bank of America): With over 11 years in investment banking offshoring, Rajat Prabhakar, Vice President at Bank of America, stands out as a leader in fintech investments. His expertise spans investment research, M&A analysis, and financial modeling, driving strategic deals. A master at setting up and scaling teams, he plays a pivotal role in shaping India’s financial landscape.

• Ravindra D. Goyal (Vice President, Axis Capital Ltd.): Ravindra D. Goyal, Vice President at Axis Capital Ltd., is a seasoned investment banker with 15 years of expertise in M&A, fundraising, and corporate restructuring. He has led deals worth $10 billion, advising top conglomerates, multinationals, and financial institutions. A key force behind Axis Capital’s M&A team, he plays a pivotal role in fintech investments. His strategic insights and leadership continue to shape high-value transactions in the industry.

• Rajesh Iyer (Senior Vice President, Yes Securities): Rajesh Iyer, Senior Vice President at Yes Securities, is a seasoned corporate generalist with over two decades of experience in retail and NRI banking. He specializes in providing strategic insights and preemptive support, focusing on fintech investments and driving growth within the banking sector. Known for his deep expertise in financial products and services, Rajesh has consistently demonstrated a keen ability to navigate complex markets and foster innovation.

• Viral Doshi (Vice President, Kotak Investment Banking): Viral Doshi, Vice President at Kotak Investment Banking, brings over 12 years of expertise in deal-making, financial strategy, and investor relations across diverse geographies and sectors. Currently managing deals worth INR 5,750 Cr, he specializes in M&A, IPOs, and venture funding in high-growth industries like fintech, consumer tech, and SaaS. 

• Harsh Kedia (Vice President, ICICI Securities): Harsh Kedia, Vice President at ICICI Securities, is a seasoned investment banker with over a decade of experience in BFSI and technology sectors. Passionate about leveraging new-age technologies, he focuses on transforming financial services to drive growth and innovation. 

• Astha Satija (Vice President, Credit Suisse):Astha Satija, Vice President at Credit Suisse, is a prominent figure in India’s investment banking sector, specializing in fintech investments. With a strong background in financial services, she has played a key role in shaping strategic investment decisions in the rapidly growing fintech space. 

• Sahil Sehgal (AVP, HSBC): Sahil Sehgal, AVP at HSBC, stands out as a key player in India’s fintech investment landscape. With a robust background in financial strategy and investment banking, he has successfully driven significant fintech investments. His expertise in identifying high-potential opportunities has made him a recognized leader in the sector.

• Mohit Aneja (Vice President, SBI Capital Markets): Mohit Aneja, Vice President at SBI Capital Markets, is a seasoned Chartered Accountant and MBA (Finance) with deep expertise in transaction execution across multiple sectors, including FinTech, steel, telecom, and media. With a focus on project finance, corporate advisory, and investment strategies, he has successfully led key acquisitions, valuations, and debt advisory assignments.

• Subodh Gandhi (Senior Vice President, IDBI Capital Markets & Securities Ltd.): Subodh Gandhi, Senior Vice President at IDBI Capital Markets & Securities Ltd., is a seasoned investment banker with extensive experience in the capital markets sector. Specializing in equity, debt, and equity-linked offerings, he has successfully led deals totaling over USD 5 billion, focusing on small private and public sector banks. 

• Chirag Nahar (Asst. Vice President, Motilal Oswal Financial Services Ltd): Chirag Nahar, Assistant Vice President at Motilal Oswal Financial Services, is a seasoned investment banking professional with over 9 years of expertise in deal origination and execution across Equity Capital Markets, Private Equity, and M&A Advisory. His impressive track record includes successful transactions such as IPOs, QIPs, and rights issues for top financial institutions. With a strong focus on the BFSI sector, Chirag has played a pivotal role in high-profile fundraising deals, cementing his position as one of India’s leading fintech investment bankers.

• Vinay Vijan (Vice President, JM Financial Ltd): Vinay Vijan, Vice President at JM Financial Ltd, is a seasoned investment banking professional with over a decade of expertise in sector-agnostic Private Equity and Structured Finance fundraising. Known for his strategic insight, he has played a key role in driving fintech investments in India. 

• Jigar Mody (Senior Associate, The Rainmaker Group): Jigar Mody is a Senior Associate at The Rainmaker Group, where he plays a pivotal role in driving strategic investments within the fintech sector. Known for his expertise in investment banking, he has been instrumental in identifying high-growth opportunities and structuring successful deals. 

• Joseph Sebastian (Investor, Blume Ventures): Joseph Sebastian is a prominent investor at Blume Ventures, specializing in fintech investments. With a sharp eye for innovative startups, he has significantly contributed to shaping India’s growing fintech ecosystem. Joseph’s strategic vision continues to drive success in the Indian fintech space.

• Gyayak Jain (Vice President, DC Advisory): Gyayak Jain, Vice President at DC Advisory, stands as a prominent figure in India’s investment banking landscape. With deep expertise in fintech investments, he has been instrumental in structuring and advising key transactions in the sector. His strategic insights and leadership have made a significant impact on India’s evolving fintech ecosystem. 

• Shanan Gawande (Vice President, O3 Capital): Shanan Gawande, Vice President at O3 Capital, is a seasoned investment banker with over a decade of experience in Mergers & Acquisitions, Corporate Development, and Fundraising. He has successfully led 10 acquisitions, 3 fund raises, and played a pivotal role in strategic corporate initiatives. His expertise spans deal origination, negotiation, and post-merger integration, positioning him as a leader in fintech investments. 

• Pranshu Sejpal (Vice President, Avendus): Pranshu Sejpal, Vice President at Avendus, is a prominent figure in India’s investment banking landscape. Specializing in fintech, he has successfully led several high-profile transactions, driving growth and innovation in the sector. With a keen understanding of market dynamics, His work continues to have a lasting impact on the industry’s evolution.

• Saral Agarwal (Asst. Vice President, Spark Capital): Saral Agarwal, Assistant Vice President at Spark Capital, is a seasoned finance professional with over 6 years of experience in M&A, investment banking, equity and intangible valuation, and transaction diligence. A Chartered Accountant who cleared all levels on the first attempt, he has also completed the CFA curriculum. A graduate of St. Xavier’s College, Kolkata, Saral is a key player in leading fintech investments in India. 

• Arpit Vinayak (Vice President, Chrys Capital): Arpit Vinayak, Vice President at Chrys Capital, is a seasoned investment professional with extensive expertise in both private and public equity sectors. Specializing in valuation, financial analysis, and deal negotiations, he has built a strong track record in fintech investments. A CFA charterholder and an alumnus of the Indian Institute of Management, Lucknow, Arpit’s strategic insights have contributed significantly to the growth of India’s fintech landscape. 

• Mahesh Triplicane Damodaran (Vice President, Radix Capital Advisors): Mahesh Triplicane Damodaran, Vice President at Radix Capital Advisors, plays a pivotal role in the firm’s transaction process, from deal sourcing to closure. He also leads the Knowledge Centre, focusing on industry segments and M&A within Radix. With a strong operational and strategic influence, Mahesh drives the firm’s expansion across India, currently overseeing Radix’s Bangalore operations. 

• Vatsal Shah (Vice President, Equirus Capital): Vatsal Shah, Vice President at Equirus Capital, is a seasoned investment banking professional with over a decade of experience in investment banking, transaction advisory, and equity research. He has been instrumental in closing 8 major deals and advising on over 25 others across diverse sectors such as BFS, Fintech, and Infra. 

• Mohit Bhutda (Vice President, Intequant Advisors): Mohit Bhutda, Vice President at InteQuant Advisors, is a seasoned investment banking professional with extensive experience across both buy-side and sell-side transactions. He specializes in advising corporates on equity and debt fund-raising, with a strong focus on sectors like FS, Consumer, Education, and Tech (EdTech, AgriTech, FinTech). At InteQuant, he has successfully led fundraising efforts totaling over US$1.6 billion. 

• Anuj Mehta (Director, Merisis Advisors): Anuj Mehta, Director at Merisis Advisors, is a leading investment banker with 17 years of experience in capital raising and M&A across fintech, technology, and mobility. His expertise in corporate finance, valuations, and financial modeling has fueled growth for numerous startups. Having worked across diverse sectors, he plays a pivotal role in connecting businesses with VC and PE investors. 

• Aditya Todi (Vice President, Unitus Capital): Aditya Todi, Vice President at Unitus Capital, is a dynamic leader in India’s fintech investment space. With a keen focus on driving impactful financial inclusion, he has played a pivotal role in securing funding for several high-growth fintech companies. 

• Vivek Surve (President, Pantomath Capital): Vivek Surve, President of Pantomath Capital, is a prominent corporate connector and business facilitator, specializing in business process management. With expertise spanning business development to operational optimization, he plays a crucial role in shaping strategic decisions. Surve is recognized for his influential contributions to the fintech sector and has been instrumental in driving key investments. 

• Vineet Sharma (Vice President, Resurgent India): Vineet Sharma, Vice President at Resurgent India, boasts over 16 years of expertise in debt syndication, credit appraisal, and project finance. Specializing in client coverage and lender relationships, he has successfully facilitated 10 co-lending partnerships with banks for NBFC clients. 

• Swapnil Sheth (Director, Indigoedge): Swapnil Sheth is an accomplished Investment Banker at IndigoEdge with over 6 years of experience helping early and growth-stage companies across diverse sectors like fintech, ed-tech, and health-tech secure VC/PE funding. With a strong foundation in technology and finance, including a stint at Goldman Sachs as an equity research analyst, Swapnil specializes in fundraising, financial modeling, and company valuations. His expertise has been instrumental in raising significant capital, typically ranging from $10M to $200M. 

• Damodar Baliga (Investment Banker, Investec): Damodar Baliga, an MBA in Finance and CFA Charterholder, currently serves on the Industrials team at Investec India. With extensive experience in M&A advisory, he has led high-profile transactions across BFSI, Infrastructure, TMT, and Metals at firms like Axis Capital and Singhi Advisors. Damodar’s expertise also spans cross-border M&A, fundraising, and strategic advisory in the startups ecosystem through Scaale Capital and Cross Border Angels. 

• Amit Sood (Vice President, Houlihan Lokey): Amit Sood, Vice President at Houlihan Lokey, is a distinguished investment banker with expertise in the Technology and Consumer sectors. He has successfully closed 15+ high-profile transactions, including cross-border M&A, private equity deals, and IPOs. Amit’s notable advisory roles include leading transactions for companies like Hitachi Payment, Clove Dental, and Robosoft. With a CFA Level 3 certification, an MBA from IIM Kozhikode, and a BTech from IIT Roorkee, Amit is recognized for his strategic insight in fintech investments.

• Amrit Pal Singh (Vice President, Wells Fargo): Amrit Pal Singh, Vice President at Wells Fargo, is a CFA-certified finance professional with over 8 years of experience in Corporate & Investment Banking. He excels in financial modeling, credit analysis, and strategic advisory, specializing in optimizing capital structure and driving growth through data-driven insights. Amrit’s expertise spans M&A, risk management, and benchmarking performance against industry peers. 

• Aditya Gupta (Vice President, Nomura): Aditya Gupta, Vice President at Nomura, is a seasoned strategy professional with extensive experience in driving global projects in market expansion, digitalization, and new business propositions. Previously, he worked with DBS Bank India, where he played a key role in strategy development post-WOS license approval and in automating lending processes. Aditya has also contributed to data science projects at Fractal Analytics, helping Fortune 500 companies with predictive analytics and customer behavior solutions.

• Saurabh Khubchandani (Investment Banker, Unaprime Investment Advisors): Saurabh Khubchandani is an accomplished Investment Banker at Unaprime Investment Advisors, specializing in the fintech space. With over 3 years of experience in M&A Advisory, Valuations, and Financial Modeling, he holds an All India Rank as a Chartered Accountant and has cleared CFA Level 1 with a 90+ percentile. Saurabh’s expertise and analytical skills make him a key player in fintech investments. 

• Yashvardhan M Agrawal (Senior Vice President, Alvarez & Marsal): Yashvardhan M Agrawal, Senior VP at Alvarez & Marsal, is a corporate finance and restructuring expert. He specializes in M&A, capital raising, and distress advisory, driving high-impact fintech deals. His strategic insights help businesses navigate complex financial challenges. Agrawal stands among India’s top investment bankers, shaping fintech investments.

• Bandana Kankani (Investor & Investment Banker, Nexxt Mile): Bandana Kankani, Founder of Nexxt Mile, is a leading investment banker and angel investor with $110M in M&A deals, including PharmEasy and Reliance. She invests in deep tech and fintech startups at Series A-B stages, spanning Medtech, Biotech, and more. Beyond capital, she provides strategic guidance and board-level expertise. A thought leader, she actively empowers entrepreneurs through advisory roles and speaking engagements.

• Sumit Aggarwal (Executive Director, Valpro): Sumit Aggarwal, Executive Director at Valpro, is a seasoned investment banker with over 12 years of expertise in M&A, fundraising, and corporate finance. A Chartered Accountant and IBBI-registered Valuer, he has led transactions across fintech, renewables, healthcare, and more. His strategic insights have facilitated high-impact deals, driving growth for startups and enterprises. Focused on fintech investments, Aggarwal plays a key role in shaping India’s financial landscape.

• Amarendra Kumar Tiwari (Vice President, Goldman Sachs): Amarendra Kumar Tiwari, Vice President at Goldman Sachs, is a dynamic force in India’s FinTech investment landscape. With a strong foundation in software development, he has been instrumental in driving technological innovation in financial services. His expertise in navigating complex software architectures has redefined industry standards, enhancing efficiency and investment strategies. 

• Suvajit Das (SVP FSG Corporate Coverage – Corporate Finance, IndusInd): Suvajit Das, Senior Vice President of FSG Corporate Coverage at IndusInd Bank, specializes in fundraising and M&A mandates for tech-driven businesses. With 17 years of experience spanning PE & VC fundraising, M&A advisory, and structured finance, he is a seasoned expert in guiding innovative ventures. 

• Sankalp Bansal (Founder, VidVox): Sankalp Bansal, Founder of VidVox, is a seasoned investment banker with over a decade of experience in deal-making and business strategy. Passionate about partnering with innovative entrepreneurs, he specializes in planning, operations, and sourcing to build sustainable businesses.

• Arindam Basu (Partner, Basic Roots Consulting): Arindam Basu, Partner at Basic Roots Consulting, is a prominent figure in the Indian fintech investment landscape. With a wealth of experience in financial advisory and strategic investments, he has guided numerous fintech startups to success. His expertise in capital markets and innovative solutions makes him a key player in shaping India’s fintech growth. 

Conclusion

India’s fintech revolution is being fueled by strategic investments and expert financial guidance from top investment banks. These institutions play a crucial role in driving innovation, enabling startups to scale, and ensuring financial stability in a rapidly evolving market. By facilitating funding, mergers, and acquisitions, they help fintech firms unlock new growth opportunities and expand their reach. As digital finance continues to evolve, the role of investment banks will remain pivotal in shaping the future of payments, lending, wealth management, and blockchain technology. With their deep market insights and financial expertise, these banks are not just funding the fintech boom but also steering India toward a more digitized and financially inclusive economy.

–Authored and edited by Sandhya Bharti, Deputy Editor, Indian Startup Times.

 Disclaimer

The selection process involves rigorous evaluation but is based on subjective criteria, which may lead to variations. Parameters include industry influence, reputation, experience, contributions, education, accolades, and followership. While comprehensive, assessments may not capture every aspect of a candidate’s profile. Selection does not imply endorsement or guaranteeing future performance. Feedback is welcomed for improvement.