
M. Vinod Kumar
Managing Director
- Vinod brings more than 30 years of investment banking experience & Has crafted several defining M&A and Private Equity transactions across domains such as Healthcare, Consumer, Manufacturing, Food & Agri and Technology among others.
- He has been instrumental in advising several leading companies on multiple rounds of private equity funding even as they established the leadership positions in their sectors.

M. Vipin Bhaskar
Director
- Vipin has around 15 years of investment banking experience. He has concluded Private equity and M&A transactions for several corporates across multiple sectors including Healthcare Delivery, IT/ITeS & Digital, Consumer, Pharma and Business Services.
- Vipin is an associate member of the Institute of Chartered Accountants of India and Institute of Cost Accountants of India and also has an MBA in Finance.

Kavya Nair
Director
- Kavya has around 10 years of investment banking experience. She has executed many notable Private Equity transactions, especially in the Healthcare & Consumer domains.
- Prior to co-founding Advay, she was an investment banker with Veda Corporate Advisors and earlier with Deloitte in its Audit Practice.
- Kavya is an associate member of the Institute of Chartered Accountants of India and has completed all three levels of the CFA program.
- She was honored in the prestigious Forbes Asia 30 under 30 list for 2023

Santhosh C Raghuram
Director
- Santhosh brings more than 18 years of investment banking experience & has advised several promoters, companies and business houses on their M&A and Private Equity transactions across sectors such as Healthcare, Pharma, Medtech, Consumer, Manufacturing and Technology among others.
- Santhosh has worked in companies such as Grant Thornton, PwC, NTTData, Sterling Group & Pepsico.
- Santhosh is a Chartered Accountant by qualification and graduated in Commerce from Loyola College, University of Madras.

Subramaniam Venkatraman
Director
- Subramaniam Venkatraman (Subbu) is an investment professional with 27 years of experience, including 21+ years in FinTech and 4 years at KPMG. He specializes in fund raising, M&A, investor management, corporate strategy, and partnerships & alliances, with a strong track record of driving growth and value creation.
- Prior to joining Advay Capital as Director, where he leads the Technology Sector, Subbu held leadership roles in the FinTech industry, enabling organizations to scale through strategic acquisitions and partnerships.
- He is an associate member of the Institute of Chartered Accountants of India and the Institute of Cost Accountants of India.
Team’s Select Previous Transactions

Gcc’s Largest Healthcare Delivery Player With a Growing Presence in India
Three rounds of equity infusion by marquee investors in Aster DM Healthcare over the last decade

Chain of Quaternary Care Hospitals in Major Metro Cities of India
Majority stake sale by shareholders of Global Hospitals to IHH Healthcare Berhad (second largest hospital chain in the world)

India’s Largest Eyecare Hospitals Chains
Transaction involving Primary infusion of equity into the company and exit of Evolvence Private Equity

Pioneer and Leader in the Payments Processing Space
Three rounds of private equity infusion over the last decade including exit of Carlyle from the company

One of the Largest Branded Spices Companies in India
Among the earliest private equity fund raise in the space

Leading Retailer of Books & Music in India
Acquisition by Trent (a Tata Company)

State of the Art 1000 Beds Multi Specialty Hospitals
Acquisition of majority stake in Continental Hospitals by IHH Healthcare Berhad

India’s Largest Chain of Diabetes Clinics
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India’s Largest Chain of
Dental Clinics
Private equity funding to expand operations across multiple markets of the country

Leading Fintech Company
Private equity funding from new as well as existing investors

One of the Top Players in E-publishing in the Country
Majority stake acquired by the Carlyle Group

Leading Print Solutions Provider
Substantial majority stake acquisition by IP Softcom

Chain of 100 Beds Hospitals
Acquisition by Trent (a Tata Company)

Top 5 Diagnostics Lab Reagent Manufactures
Private equity funding for expansion.

Leading Pharma & Speacialty Chemicals Company
Private equity funding for expansion

India’s Largest Chain of Diabetes Clinics
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One of the Leading Facility Management Companies in India
Multiple private equity transactions including exit for a private equity investor

Premier Electronics Company for Defence & Aerospace
Multiple private equity transactions including exit for a private equity investor

Leading Fire Solutions Company
Acquisition by UTC Climate, Controls & Security Systems

Franchisee of Yum Restaurants
Acquisition of south based Pizza Hut chain

Brokerage & Financial Services Company
Majority stake sale by the promoters to Baring Private Equity

Leading Real Estate Group
Private equity raise from JM Financial

Leading Auto Ancillary Company
Acquisition of 100% stake by BBTCL

Leading Stockbroking Company
Acquisition of 100% stake by Motilal Oswal Securities