Team

Dhanpal Jhaveri is Vice Chairman at Everstone Group, a premier investment group focused on India and South East Asia with assets in excess of US$6 billion across private equity, real estate, green infrastructure and venture capital. He is also the CEO for EverSource Capital, which is a joint venture between Lightsource BP and Everstone Capital to make green and sustainable investments in India. Dhanpal’s previous experience includes Director (Corporate Strategy) with Vedanta Resources Plc, Head of Investment Banking at ICICI Securities and Partner for Corporate Finance at KPMG. Dhanpal has a Bachelor of Commerce from the University of Mumbai and a Master of Business Administration from Babson College.

Satish Mandhana is a Senior Managing Director and Chief Investment Officer at EverSource. With over 36 years’ experience, Satish is a pioneer in creating scaled platforms in RE, telecom, hostels, etc. As Managing Partner and CIO at IDFC Alternatives, Satish made 28 investments deploying USD 1.0 billion and monetizing 26 investments in full or partial exits

Prasanna Desai joined EverSource in 2018. Prasanna has over 20 years’ experience in corporate finance, investment banking, real estate and solar energy. In his last assignment, he was the Chief Operating Officer for Kiran Energy Solar, a leading private equity funded solar utility. His previous roles include Executive Director at F&C REIT Asset Management, Director at KPMG Corporate Finance and Vice President at Citigroup. Prasanna has a Master’s in Management Studies from the University of Mumbai, a Master’s in Economics & History from the University of Mumbai and Bachelor’s in Engineering from Nagpur University

Anoop is a Managing Director at Eversource Capital. He is involved in the management of all investments and building the strategy for future that focuses on energy transition, industrial decarbonisation, urban sustainability and smart agriculture and food. Anoop has been a private equity investor in 20 tech-rich companies in the US and Europe for the past 15 years. This includes setting up and managing a USD 500 million mid-market private equity fund based in London (UK) and focusing on energy transition sector for the past 4 years. He moved to India in 2022 and joined Eversource. Anoop holds an MBA from Harvard Business School, Master of Engineering from the Robert Gordon University and Bachelor of Technology from Indian Institute of Technology.

Shishir Maheshwari is a Managing Director at EverSource Capital. He has over 15 years of investment and operating experience across Private Equity funds and entrepreneurial ventures. Shishir has built new business platforms in sustainability domain at IDFC Private Equity and was the co-founder of Agribazaar.com, an agritech startup. Prior to Eversource capital, he was part of Bain-Piramal’s distress asset platform, IndiaRF, where he was leading investments across infrastructure, consumer and automotive domain. He has PGDBM from XLRI Jamshedpur and a Bachelors in Mechanical Engineering from Govind Ballabh Pant University Of Agriculture And Technology, Uttarakhand.

Rupali Gupta joined EverSource in February 2019 and has over 20 years of experience across private banking, corporate treasury, investor relations and fund raising. She has used her in-depth understanding of investor preferences and institutional relationships to raise over USD 2 billion for emerging market funds. In her last assignment, Rupali was Head of Investor Relations at Africa50, a pan Africa infrastructure investment platform. Before joining Africa50, she served as Director of the Investor Management Group at IDFC Alternatives, one of the largest multi-asset class investors in India. She has also held positions with True North, Morgan Stanley India and Kotak Securities. Rupali holds a Master’s in Management Studies from the University of Mumbai and a Bachelor’s in Science from the University of Mumbai.

Viral Rathod has over 21 years of experience and has been associated with Everstone Group since 2007 in various roles, including Private Equity Investments, Finance, The Investment Office and Capital Markets & Exits. Prior to joining Everstone Group, Viral worked for seven years in research and banking at Citibank, JPMorgan Services and CRISIL. Viral holds a degree in Chemical Engineering from the University of Mumbai and a Master of Management Studies from Jamnalal Bajaj Institute of Management Studies. He has also completed all levels of the Chartered Financial Analyst (CFA) program.

Prior to EverSource, Rishi was an Associate Director at GIP India (erstwhile Infrastructure division of IDFC Alternatives) where he played a pivotal role in building its majority owned platforms for roads and freight terminal investments. During his decade long career in Indian PE and infrastructure equity space, Rishi has worked on 15 transactions including 7 investments and 8 exits, primarily focussing on roads, renewables, oil & gas, power T&D and construction sectors.

Anooshree has over 16 years’ experience in private equity, M&A and investment funds. Prior to EverSource, she has been counsel and partner at leading law firms in India and has worked with an international microfinance fund in Boston, USA. Anooshree has extensive experience in advising PE funds, multinationals and Indian promoter groups on investments, acquisitions, divestments and business transfers in telecom, infrastructure, finance, healthcare and media sectors. She has also worked with leading asset managers and institutional investors on structuring cross-border investment platforms, co-managed structures, feeder funds and AIFs. Anooshree holds a B.A. LL.B (Hons) from National Law School of India University, Bangalore and an LL.M from Harvard Law School. She is admitted to practise law in India and New York.

Anahita Medhora is an Executive Director and has over 15 years of experience across infrastructure and private equity funds. She joined Eversource in 2022 and brings extensive experience across investments, capital markets and exits. She has been associated with the Everstone Group since 2018 and has successfully executed various transactions in the private equity team. Prior to Everstone, Anahita was part of IDFC Alternatives - Private Equity for 11 years, where she managed platforms in renewable energy, logistics, healthcare and several fund related initiatives. Anahita holds a Master of Business Administration from S.P. Jain Institute of Management and Research and is also a Chartered Accountant from the Institute of Chartered Accountants of India.

Rajnish joined Eversource as Executive Director and Head of ESG in September 2022. Rajnish has more than 25 years of professional experience in Environmental and Social Risk Management, Environmental and Social Impact Assessment, Resettlement & Rehabilitation studies and ESG Due Diligence of Infrastructure Projects in urban development, Municipal Solid Waste Management, Conventional and Renewable Energy, Highways, SEZs, Water Supply, Ports and industrial projects. He has extensively worked in Projects funded by Asian Development Bank, World Bank, International Finance Corporation and other external lines of credit. Prior to Eversource, He was the Principal ESG Officer of SWAMIH fund, SBICAP Ventures Ltd. He has held positions in IDFC Group and IL&FS Ecosmart Limited. Rajnish holds a Post Graduate Diploma in Environment Management from Indian Institute of Social Welfare and Business Management, Kolkata and a Bachelor of Science Degree from Ajmer University.

Kuldip serves as a Senior Director at EverSource, advising on EverSource’s portfolio companies. In total, he has over four decades of experience in the areas of engineering and mining. Kuldip is currently also involved in advising EverSource on its waste management, energy efficiency and water strategies. Before joining EverSource, Kuldip served as CEO at Vedanta Resources, one of the world’s largest natural resources companies, where he was actively involved in its listing on the London Stock Exchange. He has also served as Managing Director and Country Manager for ABB India, a pioneer in power and automation technologies. Kuldip graduated with a Bachelor of Engineering in Mechanical Engineering from Birla Institute of Technology & Science and has participated in Executive Education programmes at both London Business School and the Swedish Institute of Management.

Ranjan serves as a Member of the Board of Directors of EverSource and advises on its portfolio companies. He is a former Foreign Secretary of India and has held several key positions in the Ministry of External Affairs - Government of India including as Joint Secretary. Ranjan was also an Ambassador of India in Israel, Qatar and France as well as a High Commissioner of India to the United Kingdom. He is an alumnus of National Defence College – New Delhi and also holds a master’s degree in political science from University of Pune.

Bahram serves as a Member of the Board of Directors of EverSource and provides his counsel on the portfolio companies. He is amongst India’s foremost restructuring, infrastructure and project finance attorneys and has been acknowledged as a leading lawyer by most international publications. Bahram is one of the founding partners of AZB & Partners, a reputed legal firm based out of India. He has also worked at Debevoise & Plimpton and Little & Co. Bahram is a member of New York Bar Association and an alumnus of Columbia University from where he completed his LLM.

Shivanand is the Managing Director for Ayana Renewable Power Private Limited, the utility platform of EverSource. He has over 20 years of experience in the power sector across project management, execution and business development. Prior to EverSource, Shivanand served as the CEO & MD of Green Infra Limited. He has held various senior roles at Alstom India for 15 years and was on the Board of NTPC-Alstom. Shivanand has a Bachelor of Engineering (Mechanical) and has pursued Advance Management Program at INSEAD.

Manikkan serves as Executive Director of Radiance Renewables, the renewables energy C&I platform being developed by EverSource. He has over 25 years of experience in the areas of financial services straddling Investment Banking (including equity research, M&A, Capital markets) and Investment management functions and more recently as a renewable energy entrepreneur. Before joining Radiance, Manikkan was the Co-founder and Founder Director – Origin Renewables Pvt. Ltd. He has also worked for ICICI Venture Funds Management Co. Ltd., Babcock & Brown India Pvt. Ltd. and ABN AMRO Asia Corporate Finance Pvt. Ltd. Manikkan completed his Bachelor of Engineering (Mechanical) from the University of Mumbai, Master of Management Studies from University of Mumbai, Master’s in Business Economics from the University of Buckingham, UK and Post Graduate Diploma in Securities Law from the Government Law College, Mumbai.

Parvez is the MD & CEO for EverEnviro, the integrated waste management platform being developed by EverSource. He has over 27 years of experience in the areas of infrastructure operations, capital raising, evaluating investment opportunities, finance and accounting. Before joining EverSource, Parvez was with Brookfield as MD and CEO for its India Infrastructure operations. He has also served as co-head (Structured Investment) at the Ajay Piramal Group, as a Director with Piramal Infra Management Company and as the MD and CEO for the Infrastructure Development Business with Welspun Group. Parvez graduated with a Bachelor of Commerce from the University of Mumbai. He is a twice all India rank holder as a Chartered Accountant and additionally a Cost & Works Accountant.

Prakash Seshadri Nathan serves as the Executive Director & CEO at Kathari Water Management Private Limited, the water platform being developed by Eversource. He has three decades of experience as a business leader in the private infrastructure industry. Prior to joining Kathari Water, Prakash was the CEO for the Water, Wind Energy, and the Solar Park Business within the IL&FS Group. He had earlier worked with Asea Brown Boveri and Nuclear Power Corporation. Prakash is an alumnus of IIM Bangalore (Post Graduate Program) and College of Engineering, Trivandrum (Bachelor of Technology). Later, he completed the International Master’s Program in Management through a network of global schools led by INSEAD. Prakash is also an International Coaching Federation (ICF) certified Coach.

Rajashree Nambiar is the Co-founder & Chief Executive Officer at Ecofy. She is a seasoned professional with more than 29 years of rich and diverse experience in the BFSI domain. She is building a fully digital greenfield NBFC ecosystem that can engineer a profound and measurable impact in today’s times, reducing the overall carbon footprint and restoring balance in the world. In her last two stints, she led two prominent NBFCs in the country namely IIFL Finance Ltd as the CEO and Executive Director and Fullerton India Credit Company Ltd as its MD & CEO. Prior to joining IIFL, Rajashree spent 22 years with Standard Chartered Bank within the retail segment where she held various management roles. Her last position at the Bank was as Head of Retail Products for India & South Asia. On the academic front, Rajashree has pursued her Master’s in Business Administration (MBA) from the Jamnalal Bajaj Institute of Management Studies (JBIMS).