About ZyFin Research

ZyFin Research is a leading Macro Analytics firm focused on emerging markets. We provide unique insights and forecasts on the Indian economy and develop state of the art indices for capital markets. These capital market Indices provide a comprehensive view of the Indian investible equity and debt universe. These robust and transparent rule based indices serve as innovative benchmarks for Exchange Traded Funds and other index-linked products.

Our unique macro insights are derived from an exclusive, monthly survey of 3,000 Indian consumers across 11 key Indian cities. This first-of-its-kind survey provides us with a real-time view on consumption, employment and inflation in India. Our team of economists, strategy and market analysts use these insights, along with over 100 macro-economic variables to forecast a range of macro-economic variables, and create actionable strategies for market participants. The capital market indices have been developed in expert consultations with market leaders and leverage upon a robust time series data on Indian equities and debt. Our clients comprise strategy, research teams and traders, commercial and retail banks, manufacturing and services firms, multilaterals, government and academic institutions. Regulators and Industry bodies use our insights as part of their policy-making activities.

Our Board

Neeraj Bhargava

Co-Founder and former CEO of WNS (listed on NYSE), Managing Partner of eVentures India, where he was also the first investor in MakeMyTrip (listed on NASDAQ), NetMagic (sold to NTT), Customerasset (evolved into India-listed FirstSource) and Mentorix (sold to LionBridge), and a Partner at McKinsey & Company

Sanjay Sachdev

Sanjay Sachdev has spent 25+ years building game-changing asset management businesses in a number of emerging markets. He drove the creation of several multi-billion dollar asset management businesses, across public and private markets investing in different asset classes and has worked with the Principal Financial Group, Shinsei Bank of Japan and the Tata Group in the US, India. S.E. Asia and Japan.

Nina
Shapiro

Nina is the former VP (Finance) and Treasurer of the World Bank Group’s International Finance Corporation (IFC). AT IFC, Nina managed their funding, liquid asset investments, asset liability management and the Corporation’s initiatives in structured finance and in local currency and risk hedging instruments. Earlier, Nina held several other prominent positions at the World Bank including in Asia Infrastructure as Director of Project Finance and Guarantees. Currently, Nina also serves on the boards of Man Group, African Minerals and is on the Senior Advisory Board for New Silk Route Private Equity. She holds an MBA from Harvard Business School, where she received a Sheldon Fellowship, and a Masters in Planning from Harvard Graduate School of Design. In 2010, she received the Euroweek Lifetime Achievement Award for her contributions to the capital markets.

Venu Raman Kumar

Founder & Former Chairman/CEO of NASDAQ listed MModal Inc., a leading voice recognition, healthcare document technology and services company. Chairman and Managing Director of Aeries Group of Companies, Managing Director Innovo Specialty Foods JLT, Dubai, Chief Mentor at Zeus Caps - www.zeuscaps.com. Has won several awards and recognitions, including Ernst and Young's Entrepreneur of the Year 2007 award winner for Maryland, USA. Is an IRS officer from the 1984 batch who now pursues entrepreneurship.

Udayan Goyal

Founder of Anthemis Group SA and of corporate boutique FT Advisors, Udayan has completed over 200 deals in the Fin Tech space to date. He was formerly the Managing Director and Global Head of Financial Technology Advisory at Deutsche Bank AG in the Global Financial Institutions Group based in London. Prior to Deutsche, Udayan had specific responsibility for developing the pan-European specialty finance practice of Credit Suisse Born in New Delhi, India, Udayan graduated from Trinity College, University of Cambridge and was named one of the Financial News Top 100 Rising Stars in both 2009 and 2010. He’s also part of the Swift Enablers, driving innovation in the banking industry.

Our Team

Sanjay Sachdev

Chairman
Sanjay Sachdev has spent 25+ years building game-changing asset management businesses in a number of emerging markets. He drove the creation of several multi-billion dollar asset management businesses, across public and private markets investing in different asset classes and has worked with the Principal Financial Group, Shinsei Bank of Japan and the Tata Group in the US, India. S.E. Asia and Japan.

Devendra Nevgi

Chief Executive Officer
Deven is a veteran in the domestic and international Asset Management business, with over two decades of solid experience. Prior to this, Deven has worked with Quantum Mutual Fund as Chief Executive Officer and Chief Investment Officer and led some industry innovations. At Quantum, his funds consistently topped the rankings in their peer category. Deven has also managed a multi currency, multi asset class private fund in UK (regd. in Gibraltar). Deven was also the co-promoter of Delta Global Partners, where he advised global clients on their investments in India and global markets. Deven, a qualified Chartered Accountant, started his career at Canbank Mutual Fund. At ZyFin, he is on the board of the Indian entities.

Mahesh Ghadi

Operations
Mahesh has over 10 years of experience in the financial market operations. His diverse experience constitutes managing operations of Stock, Derivative, Debt and Sovereign Bonds markets. He has earlier worked with Stock Holding Corporation of India Ltd. Prior to Zyfin, he was managing Operations – Settlements at JM Financial Asset Management Ltd. He is a Chartered Financial Analyst (ICFAI) and holds a Master’s Degree in Financial Services Management.

Our Investors

Zodius Logo
Zodius builds businesses in the “new” Digital India. Operational since 2011, Zodius typically develops one company every six months and works intensively with its portfolio company teams to “speed up” and “shape up” for exceptional growth and profitability.

www.zodius.com

Anthemis-Group
Anthemis Group is a specialist holding company providing vision, strategy, leadership and capital to growth-stage companies with innovative business models at the intersection of financial services, markets and technology.

www.anthemis.com

Our Experts

Ireena Vittal


Consumption
Partner (on sabbatical) McKinsey & Company, where she served clients on growth and winning in India/emerging markets for 15 years. Ireena formerly worked with Max Touch (now Vodafone) and Nestle. She has co-authored several reports on Indian consumers and shoppers and on drivers of economy in India. Ireena holds an MBA from Indian Institute of Management, Calcutta.

Dr. Surjit Bhalla, PhD

Economy
Chairman of Oxus Investments. Governing board of India's largest think tank National Council of Applied Economic Research (NCAER). He has served on several government of India committees including the RBI Capital Account Convertibility Committee and the SEBI Advisory Committee on Secondary Markets. MPA from the Woodrow Wilson School, Princeton University, PhD in economics from Princeton University.

Our Advisors

Nina Shapiro

Senior Advisor
Nina is the former VP (Finance) and Treasurer of the World Bank Group’s International Finance Corporation (IFC). AT IFC, Nina managed their funding, liquid asset investments, asset liability management and the Corporation’s initiatives in structured finance and in local currency and risk hedging instruments. Earlier, Nina held several other prominent positions at the World Bank including in Asia Infrastructure as Director of Project Finance and Guarantees. Currently, Nina also serves on the boards of Man Group, African Minerals and is on the Senior Advisory Board for New Silk Route Private Equity. She holds an MBA from Harvard Business School, where she received a Sheldon Fellowship, and a Masters in Planning from Harvard Graduate School of Design. In 2010, she received the Euroweek Lifetime Achievement Award for her contributions to the capital markets.

Surinder Singh Kohli

Senior Advisor
Shri Surinder Singh Kohli has long experience as a banker, spanning 40 years. He has held the position of Chairman and Managing Director of Punjab & Sind Bank and Punjab National Bank (PNB), which is the third-largest bank in India. He was also the Chairman of India Infrastructure Finance Company (UK) Limited (IIFCL). Under his leadership, IIFCL carved a niche for itself in financing infrastructure projects. He held the chairmanship of Indian Banks’ Association for two terms and has chaired several committees associated with financial sector policy. A recipient of several awards, including the Wharton-Infosys Ltd Enterprise Transformation Award for Technology, Shri Kohli is well recognised in the Indian banking and financial industry for his deep insights and dynamic leadership. He holds directorship in various companies/institutions in India including IL&FS Financial Services Limited and IDFC.

Rashid Bilimoria

Senior Advisor
Seasoned entrepreneur and CEO with 20+ years of global business experience. Founded and led a cross-border outsourced analytics and advisory enterprise focused on emerging markets analysis and research that is today a leader in its category. Currently Co-founder and CEO of Picso, an emerging mobile social media app based out of New York City. Formerly Co–Founder and CEO of ZyFin (formerly known as BluFin), Co–Founder and CEO of Boston Analytics, Entrepreneur–in–Residence at Zodius and Consultant at Charles River Associates. MBA Weatherhead School of Management, Case Western Reserve University.