Renuka Ramnath

Renuka Ramnath, a private equity investment manager, pioneered the establishment of ICICI Eco-Net Limited, a company promoted by the ICICI Bank, the second largest bank of India. She conceptualized ICICI Eco-net to capture and exploit the value creating opportunities which had emerged on account of Internet revolutionizing the style of equity investment, including eTrading. Soon thereafter, ICICI Eco-net was re-structured to merge with ICICI Venture, a company floated in 1988 as a joint venture between the ICICI Limited and the Unit Trust of India.

ummary

Renuka has been the Managing Director & CEO of ICICI Venture since 2001. Under her leadership, ICICI Venture manages an aggregate corpus of USD 2 billion in private equity, buyouts, real estate and mezzanine assets.

During her career spanning over 20 years with the ICICI Group, Renuka has spearheaded various business initiatives. She began her career at the Merchant Banking division of ICICI and then headed the Corporate Finance and Equities businesses at ICICI Securities, an investment banking JV between ICICI and JP Morgan. She moved back to ICICI in 1997 to set up the Structured Finance business. She bears the distinction of creating a highly successful structured finance portfolio which within two years of its existence contributed more than 40% of ICICI's incremental assets. In 2000, she spearheaded the e-Commerce initiatives for the ICICI Bank group and built a solid foundation spanning the entire B2B, B2C and technology opportunities.

Under her leadership, ICICI Venture has raised India Advantage Fund Series 2, a growth capital and buyout fund with a corpus of USD 810 million which is currently India's largest private equity fund. In 2005, ICICI Venture raised a USD550 million Real Estate Fund which is currently amongst India's largest funds for investment in real estate.

Renuka has featured in many prestigious lists including the Top 25 Most Powerful Women in Indian Business (Business Today) and recently in the India's Most Powerful CEOs (Economic Times). Renuka is a graduate in Engineering and holds an MBA in Finance from University of Bombay. She also completed the Advanced Management Program at Harvard Business School.

Recognition

*The IMM Best Women Entrepreneur Award 2002

References

*"The Voyage To Excellence" (ISBN 81-223-0904-6) by Nichinta Amarnath and Debashish Ghosh

*"Profile: Renuka Ramnath" (http://www.iciciknowledgepark.com/icicikp/iciciinnerfiles/profileRenuka.htm)