Our Team
Mr. Chirag Jain is a dynamic entrepreneur and business leader with over 13 years of experience. He serves as the Non-Executive Director at Ashika Investment Managers Pvt. Ltd., where he oversees multiple business verticals and drives new strategic initiatives.
He is currently leading the launch of a Venture Capital fund focused on India’s evolving tech landscape, in collaboration with international partner FinsightVC. Chirag is also an active member of the World Economic Forum’s Global Shapers Community—an initiative that brings together young change-makers driving impact worldwide.
He is an All-India Rank-holder Chartered Accountant from the Institute of Chartered Accountants of India (ICAI) and holds a Bachelor’s degree in Commerce (Hons) from St. Xavier’s College, Kolkata.
Paras Bothra brings over two decades of experience in the Indian capital markets, with a strong track record in equity research, portfolio management, and investment strategy.
Associated with the Ashika Group since 2005, Mr. Bothra has played an instrumental role in building and scaling its multiple businesses.
He holds a Post Graduate Diploma in Business Management from Wigan & Leigh College (UK affiliated), a B.Com (Hons) from the University of Calcutta and has completed a specialized course in valuation under globally renowned finance professor Aswath Damodaran.
Asutosh Mishra is a capital markets professional with over 20 years of experience in institutional equity research, research management and institutional investor engagement. He has extensive experience in the Banking, NBFC, Insurance and Financial Services sectors, with additional experience across multiple industry sectors.
He was associated with Ashika Stock Broking Ltd. since 2018 and served as Head of Research– Institutional Equity, with responsibility for managing and developing the institutional research function. During his tenure, he built and scaled the research team from approximately 2 members to a 22+ member multi-sector research team covering around 12 sectors. His responsibilities included research strategy, analyst management, research processes and quality, institutional client engagement, corporate access and sector research.
He has significant experience in fundamental research, financial modelling, valuation, earnings analysis, investment research and interaction with institutional investors and senior management of companies. Prior to joining Ashika, he held research positions with Reliance Securities, Karvy Stock Broking, Asian Markets Securities (AMSEC), Epitome Global Services and Karvy Global Services.
He holds a Master's degree in Finance and a Bachelor's degree in Commerce and has completed the CFA (ICFAI).
Mr. Umang Parekh is a qualified Chartered Accountant and Law graduate with over 7 years of focused experience in equity research. He brings a strong analytical foundation to the team, with a deep understanding of the Indian equity markets.
His core expertise lies in fundamental analysis, where he evaluates company financials, tracks sectoral trends, and delivers comprehensive research insights to support investment decisions. Umang's multidisciplinary background enables him to approach research with both financial and legal perspectives, adding depth to his market analysis.
Rutvi Jain is a finance professional with over three years of experience in the capital markets. She is a CFA Level III candidate and holds a degree in Business Management Studies from H.R. College of Commerce and Economics, Mumbai.
With a strong academic foundation and practical exposure, she brings a focused approach to investment analysis, equity markets, and valuation. Her interests lie in deep fundamental research, market dynamics, and long-term investing strategies.
Ajay has over 8 years of experience across Family Offices and Interior Contracting & Services in the areas of Accounts, Finance, Taxation, and Operations within Asset Management Companies (AMCs).
Before joining Ashika Investment Managers Pvt. Ltd., Ajay managed AIF and PMS operations, accounts, and taxation at Ace Lansdowne. He has prior experience in MIS and cost management at a turnkey contracting firm, investment analysis and reporting at a family office, and audit and taxation at a CA firm.
He holds a master’s degree in commerce from Mumbai University and is an Inter-CA from the Institute of Chartered Accountants of India.
Abhinav Jain brings over 22 years of comprehensive experience in Private Credit and Structured Finance, specializing in Origination, Structuring, and Syndication across diverse market cycles. At Ashika Investment Managers, he leads the Credit Fund Business, driving the firm's vision to build a strong, innovative, and disciplined private credit platform.
Prior to Ashika, Abhinav held leadership roles as Managing Director at EAAA India Alternatives Limited and Senior Executive Vice President & Fund Manager – Structured Debt at IIFL (360 ONE Asset), where he managed complex credit strategies and mid-market financing mandates. He previously headed the Syndication business at Capital First Ltd., establishing the vertical from scratch and pioneering several structured solutions for mid-cap borrowers.
His earlier experience at Edelweiss Financial Services, Deutsche Bank, and IDBI Bank further strengthened his expertise in structured credit, private financing, and relationship-driven lending. Abhinav holds an MBA from the University of Mumbai.
Key Management Team
Aloke Sasmal
Ajay Sharma
Executive Leadership
Chirag Jain
Mr. Chirag Jain is a dynamic entrepreneur and business leader with a diverse portfolio of responsibilities across the Ashika Group. He serves as the Chief Executive Officer of Ashika Capital Ltd. and is a Director at Ashika Investment Managers Pvt. Ltd., where he oversees multiple business verticals and drives new strategic initiatives.
He is currently leading the launch of a Venture Capital fund focused on India’s evolving tech landscape, in collaboration with international partner FinsightVC. Chirag is also an active member of the World Economic Forum’s Global Shapers Community—an initiative that brings together young change-makers driving impact worldwide.
He is an All-India Rank-holder Chartered Accountant from the Institute of Chartered Accountants of India (ICAI) and holds a Bachelor’s degree in Commerce (Hons) from St. Xavier’s College, Kolkata.
Ajay Arora
Mr. Arora has an extensive experience of over 32 years in various roles relating to capital markets such as Investment Banking, Stock broking oth Retail and Institutional, Corporate Advisory, Asset Management and Private Banking. He has gained his expertise in Asia and MENA and has done extensive marketing in Europe, South Africa, US, Japan and Australia while he was associated with institutions like Kotak Mahindra Bank, IL&FS Investsmart, Deutsche Bank, ICICI International and Mashreq Bank-Private Banking. He has been in leadership position of building financial services businesses for past 2 decades.
He has build the brokering business both in India and Dubai including the business of Asset management and Private Banking for family offices.
Ajay is a rank holder Chartered Accountancy with post-graduation in Management and also holds Business and Marketing diploma from Ross Business School, University of Michigan.
Fund Management Team
Mr. Asutosh Mishra
Asutosh Mishra is a capital markets professional with over 20 years of experience in institutional equity research, research management and institutional investor engagement. He has extensive experience in the Banking, NBFC, Insurance and Financial Services sectors, with additional experience across multiple industry sectors.
He was associated with Ashika Stock Broking Ltd. since 2018 and served as Head of Research– Institutional Equity, with responsibility for managing and developing the institutional research function. During his tenure, he built and scaled the research team from approximately 2 members to a 22+ member multi-sector research team covering around 12 sectors. His responsibilities included research strategy, analyst management, research processes and quality, institutional client engagement, corporate access and sector research.
He has significant experience in fundamental research, financial modelling, valuation, earnings analysis, investment research and interaction with institutional investors and senior management of companies. Prior to joining Ashika, he held research positions with Reliance Securities, Karvy Stock Broking, Asian Markets Securities (AMSEC), Epitome Global Services and Karvy Global Services.
He holds a Master's degree in Finance and a Bachelor's degree in Commerce and has completed the CFA (ICFAI).
Umang Parekh
Mr. Umang Parekh is a qualified Chartered Accountant and Law graduate with over 7 years of focused experience in equity research. He brings a strong analytical foundation to the team, with a deep understanding of the Indian equity markets.
His core expertise lies in fundamental analysis, where he evaluates company financials, tracks sectoral trends, and delivers comprehensive research insights to support investment decisions. Umang's multidisciplinary background enables him to approach research with both financial and legal perspectives, adding depth to his market analysis.