Investment banking firm Equirus Capital has elevated Ajit Deshmukh as head of investment banking, the position that was held by Founder & Managing Director Ajay Garg.

Garg will continue mentoring the investment banking team and will focus on broad-basing the financial services business for Equirus with plans for portfolio management services and wealth management, along with the institutional equities arm which has been operational for over five years now, the company said in a statement.

Deshmukh had been the key management person at Equirus since 2012, leading the technology space and playing a leadership role in cross-border M&As and fund-raising for technology companies.

Prior to Equirus, he was the founder and managing director at Wizarth Advisors undertaking cross-border M&As and fund-raising for technology companies, which was later merged into Equirus Capital.

At Equirus, he has worked on deals such as the acquisition of Munich–based AE Automotive Elements by engineering services start-up Allygrow Technologies, advised Antuit’s acquisition of Chicago-based Prognos and mGage’s acquisition of Unicel Technologies, among others.

Sandeep Gogia, his colleague from Wizarth, will now take charge of the technology and the cross-border M&A vertical.

Gogia has also been associated with Equirus from 2012 and also been actively involved in most of the cross-border M&As that Equirus has advised during the past couple of years. Sandeep has over 12 years of technology & management experience across investment banking, manufacturing and education.

Related Topics
comment COMMENT NOW