Our Investment Banking team provides institutions, entrepreneurs and investors with high-quality, independent financial advice and meticulous execution of deals. Our range of expertise spans from private placements of equity, capital raising in public markets, mezzanine and convertible instruments, to debt syndication, mergers & acquisitions and restructuring advisory. We enjoy strong relationships with leading commercial banks, financial institutions, public & private funds and domestic & foreign institutional investors. Our robust client relationships, world-class human capital, innovation and ethical business practices, have helped us execute transactions across various sectors.

Global Operations

Our global footprint through affiliations with International Investment Banks gives us coverage across North America, Europe & Asia, enabling us to provide companies in India with the finest investment banking products and services.

Sectoral Focus

We firmly believe in the philosophy of initiating coverage through a sector-focused approach and have dedicated teams covering core sectors such as BFSI, TMT, Building material, Consumer, Infrastructure, Power, Defence and Real estate amongst others.

Rajendra Naik

Rajendra Naik

MD - Investment Banking


Rajendra has over 25 years of experience across multiple market cycles in Equity Capital Markets, Corporate Finance, Debt Structuring and Placements and Project Finance. He is a member of the team that founded the Centrum Group in 1996.

A Commerce Graduate, Rajendra has completed his Masters in Management Studies (MMS) from Sydenham Institute of Management Studies, Mumbai

  • Initial Public Offer for Canara Bank Rs 3850 mn
  • Initial Public Offer for DB Corp Rs 3842 mn
  • Initial Public Offer for Adlabs Entertainment Rs 3750 mn
  • Initial Public Offer for Union Bank Rs 2880 mn
  • Initial Public Offer for Uco Bank Rs 2400 mn
  • Qualified Institutional Placement of Indiabulls Financial Services Rs 12,820 mn
  • Qualified Institutional Placement of Syndicate Bank Rs 11,500 mn
  • Follow-on Public Offer for Allahabad Bank Rs 8,200 mn
  • Follow-on Public Offer for Punjab National Bank Rs 31,200 mn
  • Right Issue for Godrej Consumer Rs 3968 mn
  • Right Issue for Jyoti Structures Limited Rs 3,694 mn
  • Buy Back of Deccan Chronicle Rs 3500 mn
  • Bond Placement of IDBI Rs 41,500 mn
  • Sale of Adlabs Film Exhibition business to Reliance ADAG Rs 7,000 mn

Sandeep Upadhyay

Sandeep Upadhyay

MD - Infrastructure Advisory


Sandeep Upadhyay joined Centrum Capital Limited in June 2008 and is currently serving as Managing Director of Infrastructure Practise at Centrum Capital Limited. As a senior Coverage Banker he is responsible for covering the Stressed asset resolution apart from leading Investment Banking initiatives across core sectors like Transportation, Logistics, Energy & Utilities space.

He is an alumnus from XLRI, Jamshedpur besides holding a Post Graduate Degree in Project Management specialising in Infrastructure sector alongwith a Bachelor’s degree in Civil Engineering from Gujarat University. He has over sixteen years of extensive experience in raising Private Equity, Project Finance and advising Government & established private sector clients on M&A, Stressed asset resolution and Bidding initiatives.

Prior to Centrum, he worked with SBI Capital Markets and with IL&FS Group in financial advisory and fund raising domain on marquee Infrastructure Projects.

Kapil Bagla

Kapil Bagla

MD - Credit Syndication, Debt restructuring & Advisory


Kapil comes with more than 27 years of diverse experience in leadership positions across industries such as Financial Services & Media & Entertainment. He has worked in areas of Investment Banking, Corporate Advisory, Debt Capital Markets, Project Financing, Investment Management, Venture/ PE Investments, Business Management, Strategic and Project Planning and Finance. In his last assignment, he was managing the Family Office investments for the promoters of the Centrum Group.


As the erstwhile CEO of Adlabs Entertainment Ltd, Kapil was instrumental in creation of Adlabs Imagica – India’s first premier theme park destination. He was responsible for business management, strategic planning, project implementation, general management and corporate finance.  He continues to serve on the Board of Adlabs. Prior to joining Adlabs Entertainment Limited he was working with Adlabs Films Limited as the Corporate Head – Strategic Planning and Acquisitions and Centrum Capital Limited as an Executive Director.  


Kapil holds a Bachelor’s degree in Mechanical Engineering and Master’s degree in Management Studies with specialization in Finance.

Focused Sub Segments

Centrum Capital is focused on pursuing PE and M&A opportunities in fast growing sub-segments including automotive electronics, automotive assemblies for OEMs, high capacity batteries, electric / hybrid automobiles, applied electronics, catalytic convertors and emission control components, etc.

Centrum has been working extensively on the Education sector and has successfully closed some significant transactions in this space.

Featured Deals

Raised Private Equity for EveronnSystems India Ltd. from India-China Pre IPO Equity (Mauritius) Ltd.

Lead Manager to the IPO of EveronnSystems India Ltd.

Raised funds through PIPE for EveronnSystems India Ltd.

Book Running Lead Manager to the IPO of Career Point Infosystems Ltd.

Book Running Lead Manager to the IPO of Career Point Infosystems Ltd.

The Government of India has set an ambitious target of increasing the contribution of manufacturing output to 25% of GDP by 2025 from the current 16%. 'Make in India' initiative of the Government is a key step to place India as a manufacturing hub on the world map and give it global recognition. India's manufacturing sector could touch USD 1 trillion by 2025. In a major boost to the 'Make in India' initiative, the Government of India has received investment proposals of over USD 16.56 billion from various companies including Airbus, Phillips, Thomson, Samsung, LG and Flextronics among others. India has become one of the most attractive destinations for investments in the manufacturing sector.

The Indian M&E sector is taking its place on the global stage as a market with growth potential and investment opportunities. India is set to outperform growing economies with an expected CAGR from 2014-19 of ~14% - almost twice the global M&E growth and is expected to grow from USD 16 billion in 2014 to USD 30 billion by 2019. Digital growth is contributing significantly in all areas - digital media, digital advertising, digital distribution, etc. With spiralling smart phone and internet reach along with affordability, digital channels of M&E are at the brink of an explosive growth trajectory. The growing E-commerce space in India has ensured higher advertising spends across media.

Focused Sub Segments

Centrum is focused on pursuing PE and M&A opportunities in Post Production / Processing and Content Delivery mediums like Exhibitions, Broadcast, Digital Media and Radio.

Our Offerings

Loan Against Property

Lease Rental Discounting

Construction/Project Finance

CC/OD Limits

Private Equity Funding

Structured Funding


Capital Markets

Land Deals

HNI Funding

Advisory & Strategic Consulting

Facilitating Joint Ventures Between Land Owners And Developers

Property Deals From Distressed Assets Such As Hotels, Schools, Hospitals, Commercial Spaces, Shopping Malls, Etc.

Our Clients

Residential Units

Commercial Offices

Township Projects




Educational Institutions

Shopping Malls



The healthcare sector is one of the fastest growing industries in India. It is expected to advance at a CAGR of 22.87 per cent during 2015-20 to reach USD 280 billion by 2020 from ~ USD 105 billion in 2015 . There is immense scope for enhancing healthcare services penetration in India, thus presenting ample opportunity for development of the healthcare industry. The primary growth drivers include, the rising income levels, increasing disease burden, especially because of Non- Communicable diseases, increasing penetration of healthcare insurance, congenial government policies, and rise in Private sector investments.

Sub Segments

Multi-Specialty / Single speciality Hospitals account for around 72% of the total revenues and is largely unorganised around- 65-70%

Healthcare Diagnostics - Very few organised chains, with good headroom for expansion

Medical Equipment and Consumables -Growing rapidly because of Government initiatives like Make in India and dumping duties on foreign products

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