The Ambani family of Reliance Industries Limited (RIL) has clinched the top spot as India’s wealthiest people for the year 2023, according to a report that Hurun India just published. The Ambanis’ fortune is estimated to be worth an astounding Rs 8,08,700 crore. The Adani family, which is a part of the Adani Group and has a sizable wealth of Rs 4,74,000 crore, is closely following them.
The highly anticipated release of the 360 ONE Wealth Rich List 2023, which Hurun India made public, revealed the illustrious ranks. On this illustrious and limited list, you’ll find the name of Manish Kejriwal, a rising star in the world of Indian billionaires. He’s one of the notable entries here. Manish Kejriwal, who belongs from Kedaara Capital and has made a surprising debut on the Hurun India Rich List 2023 with a large fortune of Rs 3,000 crore, is one of the richest people in India.
Who exactly is this Manish Kejriwal?
Ever since Kedaara Capital was established in 2011, Manish Kejriwal has served as the company’s managing partner and founder, putting him in charge of day-to-day operations. Kedaara Capital is a highly regarded private equity business that focuses on control as well as minority investments throughout the Indian market. The assets under management (AUM) that this company is currently responsible for total an incredible $3.6 billion.
One of the defining characteristics of Kedaara Capital is its constant dedication to creating relationships based on trust with top-tier business owners and management teams. These trusting relationships have set the path for Kedaara Capital’s successful investments in well-known companies.
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Academically speaking, Mr Kejriwal has an impressive track record that is nothing short of remarkable. He received the highly regarded Magna Cum Laude honour as well as the Dean’s Plate award before graduating with his Bachelor of Arts from Dartmouth College. After that, he went on to earn his master’s degree in business administration from Harvard University, where he was honoured to be a Baker Scholar.
Manish Kejriwal had an important impact on the Indian investing scene before joining Kedaara Capital. He was one of the most prominent figures in the country at the time. In 2004, he played an important role in the establishment of the India branch of Temasek Holdings Pte. Ltd., and he served as the India unit’s Country Head until 2011. During his time in office, he was an essential member of the organization’s leadership team in Singapore. In this role, he oversaw international investments in the Financial Institutions Group (FIG) sector and made significant contributions as a senior managing director.
Before joining Temasek, Mr. Kejriwal worked for the consulting firm McKinsey & Company, Inc., where he rose through the ranks to become a partner and held a variety of positions in the company’s New York, Cleveland, and Mumbai offices. In New York, he played an instrumental role in the establishment of “The Private Equity Practise” and was a co-author on the much-acclaimed “NASSCOM McKinsey reports.”
In addition, he worked for Goldman Sachs in Hong Kong, more especially in principal investment and corporate finance, and for the World Bank in Washington, District of Columbia, during the course of his professional career.
In addition to his position at Kedaara Capital, Manish Kejriwal is a member of the boards of directors of a number of prestigious businesses, such as Bajaj Finserv and Bajaj Holdings. In addition to this, he is currently the Senior Independent Director of Bharti Airtel, which further solidifies his status as a powerful figure in the business sector.
