• The Council will identify impediments if any which inhibit the growth of the asset class;
  • Help bring about the needed reforms in credit, special situations and distressed asset space in India
  • Provide guidance for the preparation of representations or reports as may be considered necessary by the Council
  • Organise meetings, including meetings with regulators, and events to promote the asset class


  1. Chair: S Sriniwasan, Managing Director, Kotak Alternate Assets
  2. Co-Chair: Venkat Ramaswamy, Vice Chairman, Edelweiss Financial Services
  3. Co-Chair: Ajay Hattangdi, Managing Partner, Alteria Capital
  4. Amit Agarwal, Head – Stressed Assets Strategy Edelweiss Capital
  5. Haigreve Khaitan, Partner, Khaitan & Co.
  6. KI Mani, Strategic Advisor, TVS Capital
  7. Rahul Khanna, Managing Partner, Trifecta Capital
  8. Siddharth Shah, Senior Partner, Khaitan & Co.
  9. Subramaniam Krishnan, Partner, Ernst & Young LLP