Ajay Hattangdi is Managing Director of SVB India Finance Pvt. Ltd. In this role, he is responsible for establishing and leading SVB’s specialized lending business in India offering multiple sources of debt and mezzanine capital. Hattangdi joined SVB from Citigroup where he spent more than 12 years building relationships and structuring financing solutions for companies in India. He currently serves as a director on the boards of SVB India Finance and SVB India Advisors.
Hattangdi is considered to be an industry pioneer having started the first venture lending program in India. In early 2005, he founded and managed Citigroup India's venture debt business where he led the bank's debt investments in several early and growth stage venture-backed technology and life science companies. During that time, Hattangdi had the added responsibility of being the head of strategy for the company's corporate and investment bank in India.
In prior roles, Hattangdi has worked in a variety of relationship and industry specialist functions within corporate and investment banking spanning technology, media, life-sciences, and automobile sectors. Hattangdi's other professional experiences include working as a Research Analyst at CRISIL, India’s first credit rating agency, and Miranda Tools Ltd where he started his career as a Management Trainee.
Hattangdi is on the Board of Mumbai Angels which is among the largest angel groups in India and a member of the steering committee of the Association of Indian Angel Groups, a non-profit organization designed to increase the already high level of cooperation between many of the angel groups in India. Hattangdi is also a Charter Member of the Mumbai Chapter of TiE and an active mentor on the Mentorship Program. He is a regular speaker on the angel and venture capital circuit. In 1998, Hattangdi co-founded PRAJA Foundation, a voluntary Mumbai-based non-profit organization committed to reestablishing accountability and transparency in public governance.
Hattangdi has a bachelor’s degree in commerce from Sydenham College, a master’s degree in banking & finance from Mumbai University, as well as a master’s degree in business administration from the State University of New York at Buffalo. His other interests include squash, golf, a staple diet of food shows, and an ongoing attempt to understand quantum theory.
India - Mumbai
United States, Northern California, Central Coast CA, Southern California, Mid Atlantic, Midwest, New England, New York, Pacific Northwest, Rocky Mountain, Southeast, Southwest, Central, Texas, International, Europe, Canada, China, Israel, India
Venture Debt, India, Mezzanine Debt, Acquisition Finance, Buyouts
T +91 22 6744 6510