Board of Directors

  • Sandeep Tyagi
  • Rakesh Kaul
  • Murli Dhara Kadaba
  • Mr. Umesh Kumar

Sandeep Tyagi
Founder and Chairman

MBA from Columbia Business School, USA (1994); B.Tech from IIT Delhi (1990); CQF (2011)

Sandeep Tyagi is the Chairman of Estee Advisors. He is responsible for setting the firm’s direction and sustaining a winning culture. Prior to Estee, Mr. Tyagi was CEO of Inductis, a consulting and analytics firm that he founded in 2000. The firm served the largest financial services companies of the world including the asset management, credit card, insurance and lending companies in the areas of investment optimization, target marketing and risk management. Mr. Tyagi is a board member of the IIT Delhi Excellence Foundation and a Charter Member of TiE. He is also a board member of the YPO, Delhi Chapter. He has received numerous awards including 40 under 40 for New Jersey and the Distinguished Alumni Service Award from IIT Delhi.

Rakesh Kaul

He has a B-Tech degree from IIT Delhi in 1971 & MBA degree from University of Chicago in 1976.

Rakesh is a Senior Advisor to the Carlyle Group for Consumer and Retail. He serves on the Board of Oriental Trading Company and serves as a Senior Advisor to Life Line Screening Company. He is Chairman of Spherenomics LLC which since 2001 has focused on Indo US cross border business opportunities in a principal capacity. Rakesh has served as CEO of several multibillion dollar consumer companies. Within Financial Services, he was the Vice Chairman of Fingerhut companies and founded Metris Credit Card Company.

Murli Dhara Kadaba

He has a BE, SJCE degree from Mysore, & MBA XLRI degree.

Murli is currently the Founder and CMD of Moonbeam Capital, a boutique Advisory & Investment Firm. Murli till recently served as the President and Chief Executive of Financial Services vertical at Reliance Retail Ltd. Prior to joining Reliance in 2006, Murli worked for American Express as the Country Manager for India. Murli was Vice President and Head of Investment Products at Citibank-India.

Umesh Kumar

He has a CA degree.

Umesh Kumar is responsible for Finance, Compliance and Operations. He serves on the board of Estee as the Executive Director primarily responsible for compliance oversight. He has rich experience in running operations at several brokerage houses including Agroy, Wegmans, Angel and RK group of companies.

External Board

  • Tony Elavia
  • Rohit Kapoor
  • Michael Richter

Tony Elavia

He has a Ph.D. & M.A. degree in Economics from the University of Houston.

He is currently the CIO of Mackenzie Investments. Prior to this, he was the CEO at Madison Square Investors, NY. He was responsible for setting investment strategy and building new investment management expertise. Immediately prior to joining Madison Square Investors in 2004, Tony was Managing Director and Senior Portfolio Manager of the Large Cap Growth team of Putnam Investments in Boston, MA, managing more than $25 billion in assets. Tony has also worked in senior positions at Voyageur Asset Management, TES Partners and Piper Capital Management.

Rohit Kapoor

He has a B.Tech degree from IIT Delhi, India and MBA degree from Indian Institute of Management, Ahmedabad, India

Rohit Kapoor co-founded EXL Inc. in April 1999 and has served as President and Chief Executive Officer since May 2008 and as a director since November 2002. Mr. Kapoor served as Chief Financial Officer from November 2002 until June 2005 and from August 2006 to March 2007, as Chief Operating Officer from June 2007 until April 2008 and as President and Chief Financial Officer of EXL Inc. since August 2000. Prior to founding EXL Inc., Mr. Kapoor served as a business head of Deutsche Bank from July 1999 to July 2000. From 1991 to 2000, Mr. Kapoor served in various capacities at Bank of America in the United States and Asia, including India.

Michael Richter

He has a MBA degree from MIT’s Sloan School of Management, and B.Tech degree in Mechanical Engineering from Rensselaer Polytechnic Institute & CPA in New York State.

Michael has had a 40+ year career in financial services. Currently he serves as Director and Chairman of the Audit Committee of BATS Global Markets Inc, a major operator of stock exchanges in the U.S. and Europe. He also is a member of the Advisory Board to the Financial Engineering & Risk Analysis Program at the Lally School of Management at Rensselaer Polytechnic Institute.
He was Co-founder, CFO and Chief Compliance Officer of Lime Brokerage, which provided low latency access for high frequency traders, and served as CFO of Tower Research Capital, a global proprietary trading firm. He negotiated the sale of Lime to Wedbush in 2011. Michael held executive financial and operational roles at Citibank, Lehman Brothers, E.F.Hutton and American Express. He started his career as a consultant for Arthur Anderson.

Management Team

  • Sandeep Tyagi
  • Umesh Kumar
  • Gaurav Sahni
  • Shalabh Rakyan
  • Aniket Batra
  • Nikhil Dhingra

Sandeep Tyagi
Founder and Chairman

MBA from Columbia Business School, USA (1994); B.Tech from IIT Delhi (1990); CQF (2011)

Sandeep Tyagi is the Chairman of Estee Advisors. He is responsible for setting the firm’s direction and sustaining a winning culture. Prior to Estee, Mr. Tyagi was CEO of Inductis, a consulting and analytics firm that he founded in 2000. The firm served the largest financial services companies of the world including the asset management, credit card, insurance and lending companies in the areas of investment optimization, target marketing and risk management. Mr. Tyagi is a board member of the IIT Delhi Excellence Foundation and a Charter Member of TiE. He is also a board member of the YPO, Delhi Chapter. He has received numerous awards including 40 under 40 for New Jersey and the Distinguished Alumni Service Award from IIT Delhi.

Umesh Kumar

Sr.Vice President

Chartered Accountant (1988)

Umesh is responsible for Risk Management, Finance and Operations at Estee. He has 30+ years of rich experience in running operations at brokerage houses, including Agroy, Wegmans, Angel and RK group of Companies

Gaurav Sahni

Sr. VP Business Development & GM – Asset Management

MBA from Indian Institute of Foreign Trade (2007); B.Com from Delhi University (2001)

Gaurav heads Business Development and is also the leader for Asset Management business at Estee. He has previously worked with Inductis and Genpact, providing investment advice to private equity firms and hedge funds

Shalabh Rakyan,

Sr. Vice President & GM – EAS

MBA from Indian School of Business, Hyderabad (2014); B.Com (Hons) from Delhi University (2008)

Shalabh heads the Execution and Advisory Services business for Estee and leads key strategic initiatives along with managing corporate business development and strategy. He has previously worked with PwC India and EXL Service

Aniket Batra

Vice President, Strategy

MBA from IIM Bangalore (2014) and B.Tech from IIT Guwahati (2010), FRM

Aniket heads the Propriety Strategy Team at Estee. He has previously worked at Credit Suisse and P&G.

Nikhil Dhingra

Vice President, Strategy

MBA from IIM Bangalore and B.Tech from IIT Delhi

Nikhil heads Asset Management Strategy Team at Estee. He has 10+yrs of experience in portfolio management & analytics.


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