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Equities
Meet the team



Mukul Kochhar
Head of Institutional Equities
I head Institutional Equities at Investec India. I joined Investec from Espirito Santo. Prior to this, I was Associate Director at Kotak Securities. Earlier in my career, I was an Equity Research Analyst in New York - part of a two-member top ranked IT Services team at Sanford Bernstein, and Senior Analyst covering Building Products at CIBC World Markets. I worked as a management consultant in the United States advising financial companies on automating business processes. I hold a BE from BIT, Mesra. I have an MBA from IIM – Calcutta as well as from Columbia Business School, New York.

Aditya Bhartia
Head of Research
I joined Investec in February 2015 from Espirito Santo, where I was the lead analyst on Capital Goods and Infrastructure sectors for almost two years. Prior to that, I worked at CLSA, the leading broker in India, covering the same sectors. I have also worked with Execution Noble (subsequently acquired by Espirito Santo) for two years, covering the UK Industrials & Support Services sector. I'm a rank-holding Chartered Accountant and a CFA charter holder.

Ritesh Shah
Head of Mid-Market Research Coverage and ESG
I joined Investec in February 2015. I have 8 years of experience in equity research. I led the Materials team at Espirito Santo for four years and earlier worked with IDFC covering the same sectors. I worked as a Consultant at Capgemini and had a brief stint with Patni Computers, where I worked as a Mainframes programmer. I have done my MBA from SP Jain and B.Tech in Mechanical Engineering from the National Institute of Technology, Calicut (earlier REC).

Mehul Thakker
Head of Sales Trading
Mehul Thakker
Head of Sales Trading
I head the trading desk at India Institutional Equities desk. With more than a decade’s experience in sales trading, I am responsible for the best execution and risk management along with building the international franchise for Equities business. Prior to Investec, I was associated with Edelweiss Securities Ltd and HSBC Securities & Capital Markets where I was responsible for sales-trading for clients based out of US & APAC region. I have a Post Graduate Diploma in Finance from SIES College of Management Studies and B.Com from R.A Podar College, India.
Aditya Bhartia
Head of Research
I joined Investec in February 2015 from Espirito Santo, where I was the lead analyst on Capital Goods and Infrastructure sectors for almost two years. Prior to that, I worked at CLSA, the leading broker in India, covering the same sectors. I have also worked with Execution Noble (subsequently acquired by Espirito Santo) for two years, covering the UK Industrials & Support Services sector. I'm a rank-holding Chartered Accountant and a CFA charter holder.
Ritesh Shah
Head of Mid-Market Research Coverage and ESG
I joined Investec in February 2015. I have 8 years of experience in equity research. I led the Materials team at Espirito Santo for four years and earlier worked with IDFC covering the same sectors. I worked as a Consultant at Capgemini and had a brief stint with Patni Computers, where I worked as a Mainframes programmer. I have done my MBA from SP Jain and B.Tech in Mechanical Engineering from the National Institute of Technology, Calicut (earlier REC).
Mehul Thakker
Head of Sales Trading
I head the trading desk at India Institutional Equities desk. With more than a decade’s experience in sales trading, I am responsible for the best execution and risk management along with building the international franchise for Equities business. Prior to Investec, I was associated with Edelweiss Securities Ltd and HSBC Securities & Capital Markets where I was responsible for sales-trading for clients based out of US & APAC region. I have a Post Graduate Diploma in Finance from SIES College of Management Studies and B.Com from R.A Podar College, India.

Praveena Pattabiraman
Co-Head of Sales (ex-US)
I co-head sales at Investec and I am based out of and run the equities desk at Investec Singapore, covering Asian and a few large domestic clients. Prior to joining Investec, I was CEO – Ambit Singapore and managed the Asian client relations. I have also worked at the Institutional Desk at Avendus Capital and as a equity research analyst at Nomura Securities, as well as Fixed Income research desk at Lehman Brothers. I have a MBA from IIM Lucknow and Masters in Economics from Cornell University.

Sunny Shah
Co-Head of Sales (ex-US)
I joined Investec in February 2015. Prior to this, I worked at Espirito Santo India as an equity salesperson for four years. Previously, I was at UBS Investment Bank as the lead analyst in Equity Capital Markets covering Real Estate, Power, Utilities and Financials in New York and Mumbai. I also worked with Citi in Fixed Income Derivatives Solutions in New York in 2007. I have a BSc in Finance and Economics from Carnegie Mellon University, USA.

Aditya Sheth
Equity Sales – India
I work at Investec Capital India as an equity salesperson. I joined Investec’s consumer, and media research team in 2017. Prior to this, I worked at Batlivala & Karani covering the Indian FMCG sector. I was the lead sub-sector analyst for alcohol beverages and Electricals. Previously, I worked as a financial analyst trainee with American Express in Paris, France. I have a Master of Science in Finance from IESEG School of Management, France and BCom from HR College, India.
Praveena Pattabiraman
Co-Head of Sales (ex-US)
I co-head sales at Investec and I am based out of and run the equities desk at Investec Singapore, covering Asian and a few large domestic clients. Prior to joining Investec, I was CEO – Ambit Singapore and managed the Asian client relations. I have also worked at the Institutional Desk at Avendus Capital and as a equity research analyst at Nomura Securities, as well as Fixed Income research desk at Lehman Brothers. I have a MBA from IIM Lucknow and Masters in Economics from Cornell University.
Sunny Shah
Co-Head of Sales (ex-US)
I joined Investec in February 2015. Prior to this, I worked at Espirito Santo India as an equity salesperson for four years. Previously, I was at UBS Investment Bank as the lead analyst in Equity Capital Markets covering Real Estate, Power, Utilities and Financials in New York and Mumbai. I also worked with Citi in Fixed Income Derivatives Solutions in New York in 2007. I have a BSc in Finance and Economics from Carnegie Mellon University, USA.
Aditya Sheth
Equity Sales – India
I work at Investec Capital India as an equity salesperson. I joined Investec’s consumer, and media research team in 2017. Prior to this, I worked at Batlivala & Karani covering the Indian FMCG sector. I was the lead sub-sector analyst for alcohol beverages and Electricals. Previously, I worked as a financial analyst trainee with American Express in Paris, France. I have a Master of Science in Finance from IESEG School of Management, France and BCom from HR College, India.

Balaji Jayaraman
US Sales - India
I joined Investec in Aug 2016 for US Sales - India.
Prior to Investec, I worked at Jefferies LLC as Pan Asia Generalist and India Specialist for ~5yrs. Prior to Jefferies, I worked with Morgan Stanley New York and Mumbai offices in various capacities - research analyst, cross sector asset desk and equity sales for 8 years.
I am a Chartered Account, Cost Accountant, and Post Graduate Diploma in Management from ISB, Hyderabad. I am also a CFA Charter holder from the CFA Institute, USA.

Romil Bhandari
Equity Sales – India & Asia
I joined Investec’s Equity Sales desk in June 2015 from the research team where I was working in the building materials sector. From September 2014, I worked on the Fixed Income (DCM Origination) desk of the Investment Banking Division at Investec. I have an MBA from EDHEC Business School, France and I’m an alumnus of IIM - Ahmedabad.

Aniruddh Madhusudan
Supervisory Analyst
Prior to joining Investec in June 2015, I worked at Deutsche Bank as a supervisory analyst for four years. In addition to my role as a supervisory analyst, I also conducted training for new hires in the APAC region. Earlier in my career, I worked at Crisil’s equity research division for five years, prior to which I worked with Standard Chartered Bank’s treasury operations.
Balaji Jayaraman
US Sales - India
I joined Investec in Aug 2016 for US Sales - India.
Prior to Investec, I worked at Jefferies LLC as Pan Asia Generalist and India Specialist for ~5yrs. Prior to Jefferies, I worked with Morgan Stanley New York and Mumbai offices in various capacities - research analyst, cross sector asset desk and equity sales for 8 years.
I am a Chartered Account, Cost Accountant, and Post Graduate Diploma in Management from ISB, Hyderabad. I am also a CFA Charter holder from the CFA Institute, USA.
Romil Bhandari
Equity Sales – India & Asia
I joined Investec’s Equity Sales desk in June 2015 from the research team where I was working in the building materials sector. From September 2014, I worked on the Fixed Income (DCM Origination) desk of the Investment Banking Division at Investec. I have an MBA from EDHEC Business School, France and I’m an alumnus of IIM - Ahmedabad.
Aniruddh Madhusudan
Supervisory Analyst
Prior to joining Investec in June 2015, I worked at Deutsche Bank as a supervisory analyst for four years. In addition to my role as a supervisory analyst, I also conducted training for new hires in the APAC region. Earlier in my career, I worked at Crisil’s equity research division for five years, prior to which I worked with Standard Chartered Bank’s treasury operations.

Aditya Jhawar
Lead Analyst – Auto and Agri
I joined Investec in February 2015. Prior to Investec, I was part of Execution Noble for five years which was taken over by Espirito Santo. I also worked at CLSA in India for four years. Prior to that, I worked in the Audit & Assurance division of Deloitte Haskins & Sells. I'm a member of the Institute of Chartered Accountants of India and hold a Bachelors of Commerce degree from the Symbiosis College of Arts & Commerce, Pune.

Anshuman Gupta
Lead Analyst – Healthcare & Chemicals
I joined Investec in December 2017. I was voted the best health care analyst from India by AsiaMoney Brokers Poll 2020. I have over 15 years of experience in the pharma sector between financial services (both BUY / SELL side) and Indian pharma corporates. I began my career with Indian Pharma corporate at Dr Reddy’s, and later worked at Glenmark and Wockhardt. Prior to Investec, I was covering the Global Generics sector at DE Shaw & CO (BUY side) and was leading SELL side research covering the Indian pharma sector at other Indian / MNC firms. I hold a bachelor’s degree in chemical engineering and a management degree from MDI, Gurgaon.

Aditya Jhawar
Lead Analyst – Auto and Agri
I joined Investec in February 2015. Prior to Investec, I was part of Execution Noble for five years which was taken over by Espirito Santo. I also worked at CLSA in India for four years. Prior to that, I worked in the Audit & Assurance division of Deloitte Haskins & Sells. I'm a member of the Institute of Chartered Accountants of India and hold a Bachelors of Commerce degree from the Symbiosis College of Arts & Commerce, Pune.
Anshuman Gupta
Lead Analyst – Healthcare & Chemicals
I joined Investec in December 2017. I was voted the best health care analyst from India by AsiaMoney Brokers Poll 2020. I have over 15 years of experience in the pharma sector between financial services (both BUY / SELL side) and Indian pharma corporates. I began my career with Indian Pharma corporate at Dr Reddy’s, and later worked at Glenmark and Wockhardt. Prior to Investec, I was covering the Global Generics sector at DE Shaw & CO (BUY side) and was leading SELL side research covering the Indian pharma sector at other Indian / MNC firms. I hold a bachelor’s degree in chemical engineering and a management degree from MDI, Gurgaon.
Harit Kapoor
Lead Analyst – Consumer Sector
I cover the Consumer Sector for Investec India. Prior to this, I worked with IDFC securities covering various aspects of consumer sector including FMCG, Retail, Alcoholic Beverages and Paints. I have completed my MMS.

Nidhesh Jain
Lead Analyst – NBFC and Insurance
I joined Investec in February 2015. Prior to this, I was a Banking and Financial analyst at Espirito Santo for five years. I completed my post graduate course in management from IIM Ahmedabad, one of Asia’s top business schools in 2010. I had worked with ANSYS for two years where I consulted research departments of automobile companies (GM, Ford, Honda). I did my bachelor’s in Mechanical engineering from IIT Roorkee, and I’m a CFA charter holder.

Nitin Padmanabhan
Lead Analyst – IT & Telecom
Prior to joining Investec in February 2015, I was a lead analyst at Espirito Santo for three years covering a breadth of large and midcap tech stocks. Previously I was the lead IT Services analyst at Motilal Oswal Securities and with Indiabulls Securities prior to that. I have over eight years of experience covering the technology sector. I have an MBA from ICFAI Business School.

Sri Karthik Velamakanni
Lead Analyst – Banks
I joined Investec in February 2015. Prior to this, I worked at Espirito Santo as a key member of the Indian BFSI team covering Indian Banks. Before the Indian markets stint, I was part of the top 3 Extel rated UK Financials team. In total, I worked for more than six years at Espirito. I hold a Bachelor’s degree in Chemical Engineering from IIT, Madras and I'm a certified CFA charter holder.
Nidhesh Jain
Lead Analyst – NBFC and Insurance
I joined Investec in February 2015. Prior to this, I was a Banking and Financial analyst at Espirito Santo for five years. I completed my post graduate course in management from IIM Ahmedabad, one of Asia’s top business schools in 2010. I had worked with ANSYS for two years where I consulted research departments of automobile companies (GM, Ford, Honda). I did my bachelor’s in Mechanical engineering from IIT Roorkee, and I’m a CFA charter holder.
Nitin Padmanabhan
Lead Analyst – IT & Telecom
Prior to joining Investec in February 2015, I was a lead analyst at Espirito Santo for three years covering a breadth of large and midcap tech stocks. Previously I was the lead IT Services analyst at Motilal Oswal Securities and with Indiabulls Securities prior to that. I have over eight years of experience covering the technology sector. I have an MBA from ICFAI Business School.
Sri Karthik Velamakanni
Lead Analyst – Banks
I joined Investec in February 2015. Prior to this, I worked at Espirito Santo as a key member of the Indian BFSI team covering Indian Banks. Before the Indian markets stint, I was part of the top 3 Extel rated UK Financials team. In total, I worked for more than six years at Espirito. I hold a Bachelor’s degree in Chemical Engineering from IIT, Madras and I'm a certified CFA charter holder.

Tejas Dagli
Sales Trader
I have spent eight years in the Indian Institutional Equity markets and five years in Indian Retail Equity Markets as a trader executing orders for both Domestic & FII institutions. Prior to Investec, I was in Espirito Santo, before which I was part of the Daiwa Securities India business team. I started my career in retail as a trader, but for the last few years have focused on Sales trading with few domestic accounts. Earlier in my career, I worked at leading domestic Indian firms Prabhudas Lilladher and HDFC Securities.


Tejas Dagli
Sales Trader
I have spent eight years in the Indian Institutional Equity markets and five years in Indian Retail Equity Markets as a trader executing orders for both Domestic & FII institutions. Prior to Investec, I was in Espirito Santo, before which I was part of the Daiwa Securities India business team. I started my career in retail as a trader, but for the last few years have focused on Sales trading with few domestic accounts. Earlier in my career, I worked at leading domestic Indian firms Prabhudas Lilladher and HDFC Securities.
Saharsh Maniar
Sales Trader
I have ten years of experience in the Indian Equity markets as an Institutional trader with experience in handling large basket trades. Before joining Investec, I have worked with Haitong Securities and Motilal Oswal. I am a commerce graduate from Mumbai University.
Sameer Kate
Sales Trader
I joined Investec in March 2021 as a Sales Trader. Prior to Investec, I worked at Kotak Securities for 15 years where I was responsible for Equities and Derivatives Sales Trading for major Indian AMC’s and FII props.

Swapna Bhandarkar
Lead – Corporate Access
I joined Investec in June 2018. I lead the corporate access initiatives for Investec with a focus on bringing quality access to our clients. Prior to Investec, I was heading corporate communications for ICICI Securities for 10 years and Hexaware Technologies for three years. I have also worked with the Times Group as a journalist. I hold a MSc in Statistics from Mumbai University.


Tejas Shah
Alternative & Quant Research
Tejas Shah
Alternative & Quant Research
I joined Investec India Equities team in October 2020 as Alternative and Quant Research analyst. Prior to Investec, I worked at CGS-CIMB Securities India and Edelweiss Institutional Equities. I have a Post Graduate Diploma in Finance from Mumbai Educational Trust and M.Com from Mumbai University.
Swapna Bhandarkar
Lead – Corporate Access
I joined Investec in June 2018. I lead the corporate access initiatives for Investec with a focus on bringing quality access to our clients. Prior to Investec, I was heading corporate communications for ICICI Securities for 10 years and Hexaware Technologies for three years. I have also worked with the Times Group as a journalist. I hold a MSc in Statistics from Mumbai University.
Sam Rigby
Sales Trader
I joined the trading desk at Investec in early 2019. Prior to that, I worked with Edelweiss Securities, where I started my career after moving to India from the UK in 2016. I have BA English Literature from the University of Nottingham and an MLitt in History from St Andrews.
Tejas Shah
Alternative & Quant Research
I joined Investec India Equities team in October 2020 as Alternative and Quant Research analyst. Prior to Investec, I worked at CGS-CIMB Securities India and Edelweiss Institutional Equities. I have a Post Graduate Diploma in Finance from Mumbai Educational Trust and M.Com from Mumbai University.