Ajay Lal - Managing Director

Mr. Lal joined AIF Capital in 1997 and has led investments across sectors, including manufacturing, banking, telecom, power and steel, in India, Indonesia, the Philippines and Korea. After nearly eight years in Hong Kong, Mr. Lal relocated to New Delhi in 2006 to head AIF Capital's office in India. Mr. Lal has more than 20 years of experience in private equity, project finance and corporate banking. Mr. Lal represents AIF Capital on the boards of various portfolio companies and is also an independent director on the board of Bharti Airtel Limited, India's largest private telco. Prior to joining AIF Capital, Mr. Lal worked with AIG Investment Corporation (India Head) and Bank of America (Vice President - Head Financial Institutions Group). Mr. Lal is an engineer from Indian Institute of Technology, New Delhi and holds an MBA from Indian Institute of Management, Calcutta. Mr. Lal is also an AMP graduate from Harvard Business School. Mr. Lal is also fluent in Hindi.