Mr. Ajay Lal - Independent Director

Mr. Ajay Lal joined AIF Capital in 1997 and has led investments across banking, telecom, power, steel, manufacturing and healthcare sectors in India, Indonesia, the Philippines and South Korea. In 2006, he relocated to New Delhi to head AIF Capital's India office. Mr. Ajay Lal has over 25 years of experience in private equity, project finance and corporate banking. He represents AIF Capital on the boards of various portfolio companies and is also an independent director of Bharti Airtel Limited, India's largest private telco. Prior to AIF Capital, Mr. Ajay Lal worked with AIG Investment Corporation (India Head) and Bank of America (Vice President). He is a Chemical Engineer from the Indian Institute of Technology, New Delhi and holds an MBA from the Indian Institute of Management, Calcutta (1985). Mr. Ajay Lal is also an AMP graduate from Harvard Business School.