Management

Mr. Eshwar Karra – Chief Executive Officer

Eshwar has an experience of over two decades in the financial services industry and over a decade of distressed assets experience. Eshwar was the founder member of the distressed assets business at Kotak and has helped the group in successfully investing over Rs. 2,500 cr (US$ 417 mn) of its capital in distressed assets. He  has built time tested expertise in identifying distressed opportunities, structuring complex financial transactions & execution and securing profitable exits. Prior to Kotak, Eshwar worked with Ceat Financial Services and Sundaram Finance. Eshwar holds a Bachelor degree in Commerce from the University of Pune and is a Management Graduate from the The Institute of Management Development and Research, Pune.

Mr. Sanjay Tibrewala – Chief Financial Officer

Sanjay is a Chartered Accountant, Cost Accountant and Company Secretary with more than 18 years of post qualification experience in the area of finance. During his career he gained valuable experience across diverse sectors namely manufacturing, banking & financial services and travel services. 

Sanjay is well versed with financial and management reporting, taxation, secretarial, operations, etc. He has been involved with strategic planning, policy formulation and setting up and implementing internal controls, at various stages of his career with various corporates viz. Kores (India) Ltd., International Bestfoods Ltd, Deutsche Bank Group, Edelweiss Capital Ltd., Thomas Cook (India) Ltd and Kotak Mahindra Bank Limited.

Sanjay is in charge of finance and accounts, taxation, MIS and oversees accounting for both Phoenix and its Trusts.

Mr. Ajay Walimbe – Head – Legal and Company Secretary

Ajay is an experienced legal professional and also a qualified Company Secretary with over 22 years experience. 

He has worked in various areas of law including corporate, commercial and industrial laws. He has diverse professional experience having worked as company secretary and in-house counsel with various Multinational Corporates including Ciba, Thyssenkrupp, Fiat and DHL. He is well versed with all secretarial matters, risk management and legal documentation. 
Ajay is responsible for the legal, secretarial and compliance function at Phoenix.

Mr. K.B Ajit - Head Resolution

Ajit, has over 21 years of experience in the legal profession covering entire spectrum of litigation and corporate legal counsel. He started his career as a practicing Advocate in 1992 and practiced in various courts in Mumbai for 5 years. During his stint as a practicing Advocate, he had an opportunity to represent various banks and corporates. 

He joined ICICI Bank Limited in 1997, as an in- house legal counsel where he was mainly engaged in resolution of some of the major stressed assets and was also associated with significant recoveries of Non Performing Loans. 

Before joining Phoenix, Ajit was with HDFC Limited, where he was involved in resolving and providing solutions on corporate issues, documentations, structured transactions, drafting of policies and guiding the recovery team in handling stressed assets. He was also involved in the setting up of the HDFC Property Fund.

Ajit is a post graduate in Arts and also holds a degree in law.

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