WHO WE ARE

Institutional Investor Advisory Services India Limited (IiAS) is an advisory firm, dedicated to providing participants in the Indian market with independent opinions, research and data on corporate governance issues as well as voting recommendations on shareholder resolutions.

IiAS has equity participation by Aditya Birla Sunlife AMC, Axis Bank, Fitch Group Inc., HDFC, ICICI Prudential Life Insurance, Kotak Mahindra Bank, RBL Bank Limited, Tata Investment Corporation, UTI Asset Management Company Limited and Yes Bank. IiAS is a SEBI registered research entity (Proxy advisor registration no. INH000000024).

IiAS provides voting recommendations on AGMs/EGMs/ postal ballots and NCLT convened meetings for over 780 companies. These include:

  • All BSE SENSEX companies

  • NIFTY 50 companies

  • All BSE 200 companies

  • All NIFTY 200 companies

  • NIFTY Midcap 50

  • All BSE and NSE F&O stocks

  • Companies where institutional holding is greater than 30%

IiAS also assists institutions in their engagement with company managements and their boards. IiAS can help aggregate votes by bringing a cross-section of investors with common concerns to engage with company managements.

 

MANAGEMENT

Amit Tandon

Founder & MD

Prior to starting IiAS, Amit was the Managing Director of Fitch Ratings (- till June 2011), where he was responsible for its Indian and Sri Lankan businesses. While at Fitch he was closely associated with the development of the debt market. 

Prior to joining Fitch, Amit was Senior Vice President and Head of Corporate Banking at ICICI Securities, responsible for the capital markets (both debt and equity), M&A and advisory business.

Amit Tandon has a Bachelors in Economics from St. Stephens College, University of Delhi, MBA from Faculty of Management Studies, University of Delhi, and an MPhil in Economics and Politics of Development from University of Cambridge.

Hetal Dalal

Chief Operating Officer

Prior to joining IiAS, Hetal Dalal was Director, Ratings Business Development at CRISIL Limited. She held leadership roles across several business verticals during her stint at CRISIL. Her experience spans analytics, operations, and business development.

Hetal holds an MMS (Finance) degree from NMIMS and is a Chartered Accountant.

Please reload

BOARD OF DIRECTORS

 

Anil Singhvi

Founder, Non-executive Director

Anil Singhvi, Chairman ICAN Investments Advisors Private Limited, has over 30 years of experience in the corporate sector. He has 22 years of experience with Ambuja Cements Limited, including as its Managing Director & CEO. 

He is also a Founder Director of Foundation for Liberal and Management Education (FLAME). FLAME imparts liberal arts education to undergraduate students; it also has a business school and a school of communication.

Anil Singhvi is closely associated with SAMPARC an NGO that helps over 700 destitute children. He is also on the Indian advisory board of Habitat for Humanity, an NGO involved in construction of houses for needy and poor people. 

Deven Sharma

Independent Non-Executive Director

Deven Sharma served as President, Standard & Poor's, a Division of The McGraw-Hill Companies from 2007 to 2011. 
Prior to that, Deven Sharma worked for Booz Allen Hamilton for 14 years and led its strategy, operations performance, sales and marketing, and global expansion engagements for service, marketing and information-intensive companies. He left the company as a partner, and joined McGraw-Hill in 2002. He moved to Standard & Poor's (a division of McGraw-Hill) in 2006 as Executive Vice President, Investment Service and Global Sales, before serving as its President. 

Deven Sharma holds a Bachelor’s degree from Birla Institute of Technology, a Master’s degree from University of Wisconsin-Milwaukee and a Doctoral in Business Management from Ohio State University.

Robert Pavrey

Independent Non-Executive Director

Robert Pavrey is a Practising Company Secretary and a Fellow member of the Institute of Company Secretaries of India. His areas of expertise include company law, foreign exchange regulations and securities laws.

Robert Pavrey launched his independent practice under Robert Pavrey & Associates in November 1991. In the past three decades, Robert Pavrey has been associated with leading corporate houses in the capacity of an independent director and advisory counsellor. 

He holds a Bachelor in Law and a Masters in Commerce from the University of Mumbai.

Renuka Ramnath

Independent Non-Executive Director

Renuka Ramnath founded Multiples Alternate Asset Management Private Limited (Multiples) in 2009: Multiples is an investment advisory firm that manages more than USD 400 million of Private Equity Funds.

Renuka has spent over two and half decades in the Indian financial sector across private equity, investment banking and structured finance. As one of the early private equity investors in India, she played a pivotal role in shaping the market both in terms of leading pioneering investments such as buy-outs as well as opening new pockets of capital for investment in Indian private equity. In her last role as the MD & CEO of ICICI Venture for close to a decade, she has contributed in many ways to the evolution of that firm to one of the largest private equity funds in India.

Renuka holds a Bachelor of Engineering from VJTI, University of Mumbai and an MBA from the University of Mumbai. She has also completed the AMP at Harvard Business School.

Amit Tandon

Founder & MD

Prior to starting IiAS, Amit was the Managing Director of Fitch Ratings (- till June 2011), where he was responsible for its Indian and Sri Lankan businesses. While at Fitch he was closely associated with the development of the debt market. 

Prior to joining Fitch, Amit was Senior Vice President and Head of Corporate Banking at ICICI Securities, responsible for the capital markets (both debt and equity), M&A and advisory business.

Amit Tandon has a Bachelors in Economics from St. Stephens College, University of Delhi, MBA from Faculty of Management Studies, University of Delhi, and an MPhil in Economics and Politics of Development from University of Cambridge.

Please reload

 

POLICIES

As part of its business, employees of IiAS are required to periodically communicate with companies, investors and media. This policy lays down the basis of IiAS’ communication with such stakeholders, with specific context to its voting advisory and engagement services. This policy does not apply to ‘Institutional EYE’ research and bespoke research. Read Policy >>>

The Review and Oversight Committee (ROC) has been constituted to oversee the voting recommendations published by IiAS on shareholder resolutions put forward by Indian companies.. Read Policy >>>

IiAS is a proxy advisory firm dedicated to providing market participants with data, research and opinions on corporate governance issues. Our voting advisory reports recommend how investors should vote on shareholder resolutions – these do not carry any buy or sell recommendations. Read Policy >>>

Institutional Investor Advisory Services India Limited (IiAS), is an equal employment opportunity company and is committed to creating a healthy working environment that enables employees to work without fear of prejudice, gender bias and sexual harassment. Read Policy >>>

Please reload

 

DISCLOSURES

IiAS' Shareholders

Our shareholders include: Aditya Birla Sunlife AMC Limited, Axis Bank, Fitch Group Inc., HDFC, ICICI Prudential Life Insurance, Kotak Mahindra Bank, RBL Bank Limited, Tata Investment Corporation, UTI Asset Management Company Limited and Yes Bank. In addition, the following individuals own equity shares in the company: Amit Tandon, Anil Singhvi, Deven Sharma, Hetal Dalal, and R. Jayakumar.

IiAS Securities Holding Statement

IiAS may, from time to time, own nominal shares in companies that form a part of its coverage list for its voting advisory services. These holdings are updated on a quarterly basis. Read More >>>

Appointment Letter for Independent Directors

Please reload