With diverse experience exceeding two decades in business, strategy, principal investing, M&A, post-merger integration, capital markets & CXO-level roles, Mr. Banka brings unique value-creation abilities, commercial acumen and strong team management skills.
He was with the Aditya Birla Group for 20+ years, till April-2015, in multiple assignments, the last one being founder and CEO of third-party $200m private equity funds. He is now consulting business houses, family offices and VC/ PE funds on Business, Strategy, M&A, Fund-Raise and digital/ new economy and is a renowned name in investing and mentoring startups.
He is a mentor/ investor in start-ups and mentors entrepreneurs at Indian Angel Network (IAN), as Founding Charter Angel at Venture Nursery (VN) and at CIO Angel Network (CAN) and as Charter Member of TiE. His select mentee/ investee start-ups : IHO (acquired by Aetna, US), Oyo Rooms (Lightspeed, Sequoia & Softbank), Perpetuiiti Tech (Intel Capital), TalView (Mayfield), Vegayan (India Innovation Fund), Invenzone (YourNest), AdStringo (IAN), InstaSafe (IAN), HotelsAroundYou.
As founding CEO, he had set up Aditya Birla Private Equity (ABPE) in 2009 by building team and raising ~$200m in domestic funds, making ABPE one of the large domestic managers of INR funds. With focus on late-stage growth and early-stage growth in sunrise sectors; he built marquee portfolio that included CARE (credit rating), RBL Bank and City Union Bank (private banks), CIBIL (credit bureau), Coffee Day Resorts (Café Coffee Day), Manpasand Beverages (juice brands), Indian Energy Exchange or IEX (power exchange), BSE (stock exchange), Treehouse (education), Wonderla Holidays (leisure), V-Mart (value retailer), Olive Bar (hospitality).
Prior to ABPE, he played a pivotal role in expanding Aditya Birla Group through complex M&A and organic means as Head – Group Finance. Before joining the Group in 1994, he was responsible for capital markets, M&A advisory and managed PSU clients at Indian JV of J. P. Morgan with ICICI.
Select career highlights of Mr. Banka include formation of India's largest cement business ($12 billion UltraTech Cement); one of India's largest GSM mobile player ($10 billion Idea Cellular); Indian non-ferrous metal giant ($5 billion Hindalco) and multi-business conglomerate with financial services & branded retail ($4 billion Aditya Birla Nuvo); all through a series of multi-billion dollar innovative acquisitions, capital market interventions, mergers and post-merger integration.
He is on Advisory Boards of Incubator of BIMTECH, Noida and on Research Innovation Incubation Design Labs (RiiDL), Somaiya Vidyavihar, Mumbai. He was on National Committees of CII & FICCI on Capital Markets and Private Equity and was an elected board member of IVCA (India’s alternate assets industry association).
He is recipient of prestigious “Professional Achiever – Finance Sector” Award from ICAI and had authored monthly column ‘Bankanomics’ for “The Entrepreneur”, a Network 18 business magazine aimed at early-stage entrepreneurs.
Mr. Banka is FCA, ACWA, Company Secretary and Bachelor of Commerce. He has completed Independent Directors Certification Program, conducted by Board Evaluation Limited, UK.