About Arnya
- Arnya RealEstates Fund Advisors is founded as an Independent investment manager with the objective to make real difference in real estate investment management business in India.
- Founder, Sharad Mittal, was instrumental in building real estate business at Motial Oswal Real Estate from the ground up to an investment AUM of ~INR 7,150 Cr.
- Founding team has 100+ years of experience in real estate investment management with leading institutions.
We believe we can make real difference for our stakeholders by leveraging our core strengths:
Real Focus
With our focus on real estate as an asset class, we are best suited to help you leverage India’s real estate opportunity
Real Independence
By virtue of being an independent fund manager, we are able to provide the real innovation, no conflicts, alignment of investor-manager interest, longevity and autonomy
Real Track Record
We have a track record spanning over 20 years with 175+ investments and delivering 20% + IRR over multiple exits
Arnya Team
Team with 100+ years of experience in real estate investment management
Sharad Mittal
Founder & CEO
Our journey is led by Sharad Mittal, a seasoned professional with over 22 years of enriching experience in real estate investing, lending, and fund raising.
Amit Dassani
Chief Business Officer
Amit is an accomplished professional with a rich background in Product Management, Investment Advisory, Relationship Management, and Business Strategy within the Wealth & Asset Management industry.
Nikunj Pugalia
Chief Financial Officer
Nikunj is a seasoned professional and strategic financial leader. With an impressive background in Financial Planning & Analysis, Taxation, Budgeting, Borrowing Management, and Enterprise-wide Digitization, Nikunj brings a wealth of expertise to our leadership team.
Kiran Kumar
Director – Investments
With over 16 years of seasoned experience in the real estate industry, Kiran is a distinguished investment professional known for his expertise in scaling businesses, establishing and managing key developer relationships, having managed investments exceeding USD 1 billion.
Poorva Tak
Associate – Investments
With a rich educational background and noteworthy experience in investment banking, Poorva contributes a dynamic perspective to the Arnya team.
Anuj Kala
Manager – Fund Raising & Investor Relations
Anuj brings in a total experience of 4 years all of it gained at Marcellus Investment Managers. With a solid foundation in legal and compliance garnered, Anuj spent over two years navigating intricate regulatory frameworks…
Anuraj Puthran
Assistant Manager – Finance & Operations
Anuraj Puthran who has joined us as the Assistant Manager In Finance & Operations. He plays a pivotal role within organization’s financial ecosystem, serving as a bridge between financial strategy and day-to-day…
Ankita Coelho
Executive Assistant
Ankita brings in cross functional experience of 9+ years with multiple firms. In her previous roles, she was instrumental in data compiling, building vendor relationships, providing administrative support…
Governance Structure
High powered investment committee and advisory board with streamlined
decision-making processes to ensure robust governance for Arnya Real Estate Funds
Advisory Board
- Mentoring overall business strategy and operations for the funds
- Feedback on investment strategy and investment guidelines for the funds
Risk Committee
- Risk and mitigation strategy for investment proposals before it is presented to the IC
Governance Committee
- Review financial performance, annual and internal audits and valuation
- Addressing potential conflict of interests
Investment Committee
- To approve / reject proposals based on investment guidelines
- To approve / reject transaction costs, changes in processes, guidelines or investment criteria
Investment Committee
Pranay Vakil
Chairman
With an illustrious career spanning over four decades in the dynamic realm of real estate, Pranay stands as a luminary with profound expertise and distinguished contributions to the industry. His journey is marked by a strategic blend of foundational education and hands-on experience, making him a trailblazer in the field.
Sanjaya Kulkarni
Member
With a career distinguished by strategic acumen and financial expertise, Sanjaya Kulkarni presently serves as an advisor to Indian industrial groups, providing invaluable insights into growth, strategy, fund raising, and acquisitions. His expertise extends to cross-border collaborations and acquisitions, contributing to the success of numerous transactions.
Sharad Mittal
Founder & CEO
Our journey is led by Sharad Mittal, a seasoned professional with over 22 years of enriching experience in real estate investing, lending, and fund raising.
A note on our founder
- Sharad is a seasoned professional with over 22 years of enriching experience in real estate investing, lending, and fund raising.
- Instrumental in building real estate business at MO Alternates from the ground up to an investment AUM of ~INR 7,150 Cr.
- Built a robust team and implemented streamlined processes – created a stellar track record of investments and exits.
- Successfully managed 9 stressed accounts at Motilal Oswal and obtained complete exit from 7 of these accounts.
- Previously worked with leading financial institutions like Motilal Oswal RE, ICICI Prudential AMC, ICICI Bank, ASK and First Rand Bank.
- Member of various leading industry bodies and forums and widely known for his thought leadership across the industry.
Years of Experience
20 +
INR Cr Managed
10000 +
Investments
175 +
Exits
100 +
IRR on Exits
20 % +
Proactive investment approach
with streamlined processes
Core Investment focus
Land acquisition & pre-approval funding; Engage at the enterprise level to stay abreast of overall credit
Partner Selection
Selection of developer with established track record and healthy financial position
Geography Selection
Focus of Tier 1 Cities (market share is ~60% of entire Country); Opportunistically also explore Tier 2 Cities
Residential Focus approach
Focus on Residential segment (min 65% of fund size); Opportunistically also explore other segments (Commercial; Retail; Warehousing etc)
Transaction Structuring & Due Diligence
Debt/ mezzanine-oriented structure; Detailed due diligence to identify the existing/ probable risk
Post Disbursement monitoring
Escrow of project cash flows, regular review of business plan vs actual performance
