Leadership — Evam Finance

Founder-Executives

Vamsi Akella

Co-Founder & Chief Executive Officer

As Head of Risk at L&T Finance (2022–24), Vamsi led Enterprise, Credit, Operational, and Model Risk through the firm's transition from infrastructure lender to retail NBFC — a period in which the retail book scaled from roughly ₹38,000 Cr to ₹90,000 Cr. He built India's first NBFC Model Risk Management framework and L&T Finance's first comprehensive Enterprise Risk Management policy, and steered multiple RBI audits and special reviews with no material observations.

Earlier, as a Global Relationship Banker at HSBC, he managed the bank's relationships with Wipro, Tata Global Beverages, Titan, and Infosys; and at Standard Chartered he was on the deal team for the Tata–Corus, Tata–JLR, and Tata Chemicals–General Chemicals cross-border acquisitions. He was also a Director in IDFC Bank's Large Corporates group across Karnataka, Telangana, and Andhra Pradesh.

Chartered Accountant · Cost Accountant · MBA, FMS Delhi

Kannan Hariharan

Co-Founder & Chief Business Officer

At Axis Bank's Project Appraisal & Infrastructure Finance team (2008–15), Kannan appraised and structured complex credit sanctions over several thousand crores. He went on to co-found Coral Capital in 2018 and, over the following seven years, originated and arranged more than ₹5,500 Cr of institutional debt across 100+ enterprises in renewables, infrastructure, manufacturing, and services — with no NPAs across the portfolio.

In between, as part of the founding team that built IDFC Bank, he executed the bank's first pan-India LC-backed bill-discounting transaction and its first foreign LC issuance in South India. He has also led mid-market mandates at Yes Bank's Medium Enterprises Group and Piramal Finance's Emerging Corporates Group in Karnataka.

BE, Electronics & Communications · MBA, FMS Delhi

Sunil Toshniwal

Co-Founder & Chief Financial Officer

As Treasury Lead at Hero FinCorp (2019–20), Sunil raised ₹9,000 Cr — out of total company borrowings of ₹17,000 Cr — across PSU banks, mutual funds, and insurers, and structured a ₹1,500 Cr priority-sector sanction from HDFC Bank. At Edelweiss (2013–19) he led NBFC treasury borrowings of ₹16,000 Cr and executed India's first NBFC corporate bond repo transaction (2017), which helped open the corporate-bond repo market to other NBFCs.

He has raised across the full NBFC instrument spectrum — bank term loans, NCDs, commercial paper, ECBs, dollar bonds, public-issue NCDs, and market-linked debentures — and most recently co-headed treasury and family-office investments at International Tractors, deploying around ₹6,000 Cr.

Chartered Accountant

Strategic Backers

Anjali Bansal

Strategic Investor

Anjali is the Founder and Managing Partner of Avaana Capital, India's largest dedicated early-stage climate-tech fund, which closed its $135 million Climate and Sustainability Fund in 2024 with a marquee base of limited partners — including the Green Climate Fund (its first VC commitment in India), the US Development Finance Corporation, the UK Government, SIDBI, and the Azim Premji Trust.

She sits as an Independent Director on the boards of Tata Power (Chair of the Sustainability Committee), Nestlé India, Maruti Suzuki India, Piramal Enterprises, and Voltas. Appointed by the Government of India as Non-Executive Chairperson of Dena Bank, she steered its resolution and merger with Bank of Baroda, and has served on the NITI Aayog Evolution Review Committee chaired by the Prime Minister, the ONDC advisory council, and the board of GIFT City. Earlier she was a Global Partner and Managing Director at TPG Growth, India CEO at Spencer Stuart, and a strategy consultant at McKinsey in New York.

BE, Computer Engineering, Gujarat University · MS, International Finance, Columbia University · OPM, Harvard Business School

Sandeep Singhal

Nominee Director & Credit Committee Member

Sandeep co-founded Nexus Venture Partners, one of India's leading early-stage venture firms, which today manages $3.2 billion across eight funds; he served as General Partner until 2021 and is now a Senior Advisor. He is also a Senior Advisor and Investment Committee member at Avaana Capital.

He is an Independent Director of Titan Company, where he chairs the Risk Management Committee and sits on the Audit and Nomination & Remuneration Committees — reappointed for a second five-year term in 2025 with a 99.13% shareholder vote — and is an Independent Director of HT Media. He serves as an external Investment Committee member of the Gates Foundation Strategic Investment Fund, the impact-investment arm of the Bill & Melinda Gates Foundation. Earlier he co-founded eVentures India and Medusind Solutions, and worked at McKinsey.

At Evam: Member of the Board and a voting member of the Credit Committee.

BS, Electrical Engineering, Stanford University (Phi Beta Kappa, Tau Beta Pi) · MBA with Distinction, The Wharton School

Vikas Verma

Nominee Director

Partner at Avaana Capital, where he leads investments across manufacturing, supply chains, and climate technology. He is the founder and CEO of Goldsetu, and earlier served as a Director at the Michael & Susan Dell Foundation. Vikas's background spans private equity, investment banking, and financial structuring.

Graduate, IIM Calcutta

Rahul Bhapkar

Nominee Director

Chief Financial Officer of Avaana Capital, responsible for finance, treasury, compliance, and governance across the fund. He was previously CFO of Avanse Financial Services — the Warburg Pincus– and IFC-backed education NBFC — and brings over 15 years across Wadhawan Global Capital, the Wadia Group, and Idea Cellular.

Chartered Accountant · MBA, SP Jain

Senior Management

Madhusudhan Goud

Head of Operations

Madhusudhan was a founding architect of Invoicemart (A.TReDS), Axis Bank's TReDS platform, which he scaled from launch to ₹2,000 Cr in monthly disbursements as Senior GM & Regional Head – South. Most recently, at Axis Trustee Services, he set up the South region and grew it from zero to ₹5,000 Cr AUM and ₹4 Cr in annual fee income within eighteen months.

His 27-year career also spans SVP & Regional Head at Vayana TradeXchange, GM Finance & Banking at Solargise India, and corporate banking roles at Axis Bank, ICICI Bank, and State Bank of Hyderabad. At Evam he owns Client Service, loan management, collections, and partner integrations.

Pranay Shrivastava

Head of Credit

Pranay spent 17 years across HDFC Bank, RBL Bank, ICICI Bank, and Axis Bank. Most recently, in Axis Bank's Wholesale Bharat Banking group, he headed the SME wholesale franchise for Karnataka and went on to lead the Madhya Pradesh and Chhattisgarh teams, managing a team of relationship managers and credit analysts.

He brings deep underwriting experience across mid-market and SME credit, structured lending, and supply-chain finance, and sets Evam's credit policy and risk frameworks.

Seshu Kumar Mudiganti

Strategic Advisor, Technology and AI

Seshu Kumar Mudiganti serves as the Head of Tech at Evam Finance, bringing over 20 years of software engineering and leadership experience to the role. He specializes in cloud-native platforms, AI pipelines, and Orchestration engines. As a globally recognized technologist, Seshu holds extensive governance experience, successfully leading technical committees for major open-source initiatives under LFN and CNCF.