Our Team

Mugunthan Siva

Managing Director – India Avenue Investment Management (Australia)

Mugunthan spent three years in India as CIO of a boutique asset management business. In this period Mugunthan set up a foreign access vehicle to allow global investors to access India’s equity markets. Mugunthan previously worked as Head of Portfolio Management for ANZ Wealth in Australia and has over 20 years of experience in portfolio construction, manager selection as well as credit and equity research at companies such as Macquarie Bank and Westpac. Mugunthan has also managed multi- asset, alternatives and global/emerging market share portfolios.
He has an MBA in Finance from the University of Technology, Sydney, Graduate Diploma in Investment & Finance from the Financial Services Institute of Australia and holds a Bachelor of Commerce (Finance) from the University of NSW, Sydney.

Responsible for: Investment Philosophy and Performance and Business Strategy

Aran Nagendra

Director Investments – India Avenue Investment Management (Australia)

Aran has worked in the Australian investment and superannuation industry for over 10 years. His experience covers capital markets research, asset allocation, multi-asset portfolio management, quantitative analysis and investment manager research. Aran previously worked at MLC, one of Australia’s largest multi-asset funds and prior to this held roles at ING Investment Management and ANZ Wealth where he researched and assisted in the management of alternatives and global/emerging share market portfolios.
He is a CFA charterholder and holds a Bachelor of Commerce & Bachelor of Science majoring in Finance and Mathematics from the University of New South Wales, Australia.

Responsible for: Investment Research, Portfolio Construction and Investment Performance

Rajeev Thakkar

Managing Director – India Avenue Investment Advisors (India)

Rajeev has an extensive understanding of operations and structuring within Indian capital markets. He was previously the CEO for ENAM Asset Management Company Pvt Ltd and has over 19 years of experience in Operations, Finance, Legal & Compliance and Risk. Additionally, he has experience in setting up optimal structures for offshore vehicles investing into India. Rajeev has global experience, having worked for ING Investment Management in Hong Kong and Singapore.
He has a Bachelor of Commerce, Bachelor of General Laws and is a Chartered Accountant. He is also a qualified Chartered Financial Planner from Mumbai University.

Responsible for: Operations, Finance, Legal and Compliance

Sajjan Raut Desai

Director Investments – India Avenue Investment Advisors (India)

Sajjan has over 19 years of experience in portfolio construction, manager selection as well as stock and mutual fund research in Indian markets. He has both buy and sell side experience and has worked as a portfolio manager. He was previously the Head of Research and Investment Advisory for Bajaj Finance, Wealth Management and in previous roles managed investment portfolios of a large number of HNWI clients across organisations like BNP Paribas, ICICI Bank, Dawnay Day and Bajaj Finance.
He holds an MBA from The Goa Institute of Management & a Bachelor of Engineering Degree from Goa College of Engineering.

Responsible for: Investment Research, Manager Relationships and Investment Performance

Devanshi Raval

Analyst – India Avenue Investment Advisors (India)

Devanshi holds a Master of Global Business degree from S.P.Jain Global School of Management and a Bachelor of Commerce degree from Narsee Monjee College of Commerce & Economics (Mumbai).

Responsible for: Investment Research