After an illustrious corporate career of over two decades, Mr. Banka anchored FideliMent Ventures in India in mid-2015 to offer Management Consulting as an adviser to multiple marquee business and fund houses and to offer relationship I-Banking. He advices marquee business houses, family offices & VC/ PE funds on Business, Strategy, M&A & Divestitures, Corporate Finance, Fund-Raise, digital/ new economy, portfolio strategy, succession planning, etc.
With diverse experience exceeding two decades in business, strategy, principal investing, M&A, postmerger integration, capital markets & CXO-level roles, Mr. Banka brings unique value-creation abilities, commercial acumen and strong management skills to navigate his clients while they build and expand large businesses and handle complexities of growth, going global, digital world, new technologies and domestic and global partnerships.
Earlier, he was with Aditya Birla Group for 20+ years in multiple assignments till April-2015, the last being Founder & CEO of third-party $200m private equity funds. 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), Indian Energy Exchange or IEX (power exchange), BSE (stock exchange), Coffee Day Holdings (Café Coffee Day), Manpasand Beverages (juice brands), 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 nonferrous 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.
Mr. Banka is a renowned name in mentoring and investing with start-ups besides being proprietary PE investor and plays an active role with Startups/ Incubations/ Accelerators as an investor and mentor. He mentors entrepreneurs at Indian Angel Network (IAN), Founding Angel at Venture Nursery (VN) and at CIO Angel Network (CAN), Founding Advisor to accelerators like Katabole and Amplifi and as a 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), Arya.ai (YourNest), AdStringo (IAN), InstaSafe (IAN), Infinity Assurance (IAN), etc.
He sits 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 was author to 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.