One of the Largest Housing Finance Company in India


Established Asset Manager

Best in class fund management team

Significant experience in underwriting commercial assets

Experienced investment Committee

About Indiabulls Investment Management Ltd

Indiabulls Investment Management Ltd, a Real Estate Asset Management Space initiative by the Indiabulls Group, is the Investment Manager to various Real Estate Funds. IBAMC has a razor sharp focus on tactical and opportunistic investments in good quality assets across Tier 1 cities. Amongst the few AMCs in India, that have demonstrated immense success in the entire Real Estate Private Equity investment lifecycle.



Ambar Maheshwari

Ambar looks after the Asset Management business at Indiabulls. A Chartered Accountant, Ambar brings with him substantial deal-making and structuring experience in the Real Estate sector.


Prior to joining Indiabulls AMC, Ambar was associated with JLL as Managing Director, where he successfully ran five businesses including Corporate Finance, Education, Healthcare and Social Housing, Special Development Initiatives and Infrastructure. He had worked with DTZ for over five years profitably leading the Investment Advisory business for India which included Capital Raising, Valuations and Strategic Consulting Services. Additionally, the firm’s presence in West India for other service lines that included Commercial Leasing, Project Management and Research were set-up under Ambar’s leadership. With an overall experience of over 20 years in India and Australia, Ambar has been focusing on the Real Estate sector for the last 10 years. His non real estate stints as an investment banker included IL&FS where he set up the Fee Based Investment Banking business for India, Ambit Corporate Finance and KPMG.


Chief Financial Officer

Parth Muria

Mr Parth has more than 8 years of experience in financial services industry. He is a Chartered Accountant and worked across the wide spectrum of fund management related activities.


Prior to joining Indiabulls, Parth has worked with IIFL Asset Management and Prabhudas Lilladhar Pvt Ltd.


CA, MRICS, VP – Investments & Fund Management

Amit Jain

Recognized as an Investment Professional with life cycle experience of debt and private equity Fund raising, investment, asset management & divestment including investor relations.


A hands-on and collaborative Leader with 18 years’ experience across fund investment strategies including debt and equity with ICICI Bank, Reliance Capital , Aditya Birla Finance & IIFL Asset Management  in Residential /Commercial real estate underwriting, risk & assets management, retail mortgages & other structured products. Demonstrated ability to lead and work across a wide range of strategic, operational, and administrative responsibilities with outstanding team and project management skills.  Extensive experience in building relationships with Real Estate Clients across India managing AUM ~INR 6000 Crores and stakeholder engagement experience across banking, NBFC, HFC and AIF Platforms. Amit display track record in bringing deals to completion, structuring, negotiating, financial modelling and managing portfolio companies and co-investment transactions.


AVP – Investments

Swapnil Chikne

Swapnil has over 15 years of experience in Private Equity, Origination, Asset Management, Corporate Finance in Real Estate. He is currently AVP – Investments at Indiabulls.


Before joining Indiabulls, he was AVP Investments, for 5 years, at Kotak Realty Fund (KRF), an renowned Real Estate Private Equity Fund based out of Mumbai. At KRF, Swapnil was responsible for Financial Modeling, Due Diligence, Documentation and Asset Management of multiple transactions worth INR 1,375 Cr across Debt, Equity and preferred equity structures.  He was also the lead analyst for the largest Debt transaction of INR 542 Cr in 2015 for the fund. Prior to joining KRF, he worked with Godrej Properties Limited (GPL) for 2 years as part of their CEO’s office team overseeing their Flagship project “Godrej Trees”. Prior to joining Godrej, he worked with JP Morgan Global Real Assets Team for 4 years involved in Asset Management, Valuation, Market Research for their Office and Industrial Assets in Central US regions of Chicago, Dallas, Denver, Houston etc. Swapnil has an MBA in Finance from ICFAI Business School, Mumbai and has completed his Bachelors in Management Studies from Mumbai University.



Aditya C

Aditya has 15 years of experience in Origination, Structured Finance, Private Equity, Corporate Finance in Real Estate. He is currently AVP – Investments at Indiabulls.


Before joining Indiabulls, he was CFO, for 4.5 years, at Ruparel Realty, an emerging mid-market Realty firm based out of Mumbai. At Ruparel Realty Aditya was instrumental in raising over Rs 1000cr of growth capital for the group. He was also part of the corporate strategy team involved in Organization strategy, Sales & Marketing, Budgeting & Planning and Treasury apart from Corporate Finance. Prior to joining Ruparel Realty, he worked with Edelweiss Capital Ltd for 4 years as part of their Private Equity team and the NBFC team wherein he was involved in investments of ~ Rs 1250 cr across various instruments. Prior to joining Edelweiss, he worked with Cushman & Wakefield for 3.5 years involved in Origination, Valuation, Consulting and Feasibility studies. Aditya has an MBA in Finance from ICFAI Business School, Hyderabad and completed his Bachelors in Commerce from Osmania University, Hyderabad.




Dinabandhu Patra

Dinabandhu Patra is an Architect with over 25 years experience in delivering large scale Building Projects.


He led the team at Across & Beyond which is a specialised firm that partners with Real Estate developers and Private Equity Funds on developing large construction projects across India. Prior to founding Across Beyond, Dinabandhu led the Design & Planning function at Indiabulls Real Estate.

Dinabandhu did Undergraduate studies in Architecture from OUAT, Bhubaneswar & Graduate Studies in Urban Design from University of Texas at Austin.


Head – Compliance

Uday Diwale

Mr. Uday Diwale has more than 25 years of professional experience in the area of capital markets spread across wide spectrum of operations, compliance and information technology.


During his association with Indiabulls Securities Ltd., he handled audit and regulatory compliance for retail and institutional broking segment. He also managed the communication channel with the exchanges and the regulators of the capital market. Uday started his career with Securities and Exchange Board of India, wherein he participated in multiple investigations into market manipulation cases and Stock Exchange/Broker inspection. He also worked with global investment banks like Credit Suisse, UBS, Wachovia Securities and Wells Fargo through Perot Systems and Cognizant Technology Solutions in the area of investment banking domain consultancy and business transition at onsite locations.


Legal Head

Kaushik Mukherjee

Kaushik has been practicing law since 2003. He has extensive experience in initial public offerings, follow-on public offerings and private placements of equity and debt securities.


These include equity shares, global & American depositary receipts, Eurobonds (senior notes & subordinated notes including high yield securities), non-convertible debentures, and convertible & exchangeable securities (including foreign currency convertible bonds) listed on various stock exchanges including the Indian stock exchanges, the New York Stock Exchange, NASDAQ, the London Stock Exchange, the Singapore Stock Exchange, the Luxembourg Stock Exchange, the Swiss Stock Exchange and the Irish Stock Exchange. He also advised clients on private and public Mergers & Acquisitions including takeovers of public listed Indian companies and Private Equity transactions. Before joining Indiabulls Housing, Kaushik worked with Shardul Amarchand Mangaldas & Co, J. Sagar Associates and AZB & Partners and White & Case, London.


Senior Associate – Investments

Jayraj Panchal

Jayraj has more than 10 years of experience in Real Estate Credit and Risk Underwriting & Asset Management .


In his earlier association with IIFL, he has worked on targeted AIF (Alternate Investment Fund) with closed pool of investors like Piramal and managed AIF RE (Real Estate) portfolio spread across various funds of IIFL AMC along with Real Estate portfolio of IIFL NBFC. He started his career with Reliance Capital Limited, wherein he worked for two years and was a part of Central Risk Team for high value Mortgage portfolio – LAP, LRD and Construction Finance. Later he moved on to Aditya Birla Finance Limited for Risk management Construction Finance Portfolio from inception and set up and handled entire monitoring process of the Real Estate portfolio.