Serve clients with proficiency and professionalism, strengthen each assignment, and add value at every milestone.
Boutique Investment Bank · Mumbai · Since 1991
We Manage… Future of Finance!
Since 1991, Money Managers has advised enterprises across real estate, hospitality, manufacturing and infrastructure through four specialised advisory verticals.
35+
Years since January 1991, Mumbai
1,000+
Clients Served
₹100billion+
Syndicated to Date
4
Core Verticals
About the Group
Built on financial advisory experience since 1991.
We began with dreams in our hearts and a clear vision in our minds - a conviction that Indian enterprise deserved a financial partner that could open doors, structure ambition and stay for the long journey. Over time, that conviction has shaped a focused advisory firm committed to long-term client relationships.
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1991 Proprietary Firm Begins
In January 1991, the business began as a proprietary firm focused on project finance and debt syndication consultancy.
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1993 Pioneering Direct Sales
As direct sales of financial products began to take hold in India, we were among the first to enter the field, signing on as a Direct Sales Associate (DSA) for Citibank N.A. across credit cards, loans against shares, car loans, home loans and personal loans.
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1995 Money Managers Group Formed
The Money Managers Group was formally established.
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1997 First in Citibank Liabilities
In 1997, we became the first Citibank DSA in the country to sell liability products, including CASA and fixed deposits.
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1999 Insurance & Firsts
Our promoters clear the IRDA examinations and float Investment Managers - the first corporate agent registered with IRDA for any private-sector insurer. Distributing ICICI Prudential products, we scale from a 100-strong call centre in Mumbai to a 200-strong operation in Pune.
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2009 Focused Reinvention
When regulatory change reshapes insurance economics, we make a decisive choice - exiting distribution to concentrate wholly on investment banking. That focus defines who we are today: one of India's leading financial consultants.
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2010 Into Hospitality
In 2010, we joined hands with Absolute Hotel Services (AHS), a Thailand-based hospitality company, to form AHS Hospitality India Pvt. Ltd. The company operates 3/4/5-star hotels and resorts across India. Today, the group also includes AHS Hotel Assets Pvt. Ltd. (AHAPL), a hospitality asset ownership company.
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Today Four Verticals, One Vision
What began as debt syndication is now an integrated advisory group spanning Corporate Finance, M&A Advisory, Private Equity and an ESG Funding Advisory practice, connecting India's ambitious enterprises with capital from banks, DFIs and global investors.
At a glance
- Business Began 1991
- Headquartered Mumbai
- Sectors Covered Multi-sector
- Funding Network Banks, NBFCs, AIFs and DFIs
Our Purpose
Clear advice. Long-term relationships.
To be India's most trusted boutique investment bank: the first call for capital, clarity and enduring partnerships, connecting Indian enterprises with the right investors to help them realise their ambitions.
Our Practice
Four core practices. Specialist advice for complex situations.
From traditional debt syndication through banks, NBFCs and AIFs to ESG finance supported by Global DFIs, our services are tailored to each client's stage, sector and ambition.
01
Corporate Finance Advisory
We structure and syndicate fund-based and non-fund-based facilities through banks and financial institutions. Solutions may include term loans and working capital for challenging sectors such as hospitality, real estate and gold jewellery, with support from assessment through sanction and disbursement.
02
Mergers & Acquisitions
Specialised buy and sell side advisory across hospitality and real estate. Our services include cross-border target sourcing, real estate asset acquisitions and NPA hotel acquisitions, supported by integrated transaction financing.
03
Private Equity
Growth capital from Domestic PE Funds, Family Offices, HNIs, International Investors and Development Financial Institutions (DFIs). Bespoke Capital Structuring - Equity, Quasi-Equity and Hybrid Instruments - with end-to-end implementation support.
04
ESG Funding Advisory
Concessional, impact-aligned capital from Global DFIs - Equity & Debt, Green Bonds & Blue Bonds, climate debt and mezzanine structures for Renewable Energy, sustainable infrastructure and inclusive finance.
Industry Expertise
Sector insight for complex financing challenges.
We shape financing and transaction advice around each industry’s realities, client needs and lender or investor criteria. Our experience in complex sectors helps clients navigate demanding requirements and identify a practical path to capital.
Hospitality
Hotel finance depends on development stage, operating performance, seasonality and expected cash generation. We help assess project costs, opening timelines, operating assumptions and repayment capacity for new and operating hotel assets.
How we help: Term-loan and project-finance advisory, project and operating cash-flow modelling, long-term loan structuring and borrowing solutions with tenures of up to 15 years, including a moratorium period of up to 5 years, debt-service analysis, lender documentation and coordination through appraisal and disbursement. Facilities and terms remain subject to lender assessment and approvals.
Real estate
Real estate funding calls for careful review of project stage, approvals, title, construction costs, sales or lease assumptions, existing debt and repayment sources.
How we help: Advisory for development and construction finance, lease-rental discounting and income-producing commercial assets. Our work may include project cash-flow modelling, drawdown and repayment planning, sensitivity analysis, lender documentation and coordination through appraisal. Funding is subject to lender assessment and transaction approvals.
Gems and jewellery
Jewellery businesses can have significant working-capital needs as funds move through gold purchases, production, inventory and customer collections. We review operating-cycle requirements and potential funding structures against the business’s needs and lender criteria.
How we help: We advise on working-capital structures informed by Credit Monitoring Arrangement (CMA) data and Maximum Permissible Bank Finance (MPBF) assessment. Depending on the business and lender criteria, facilities may include Cash Credit with eligible sub-limits such as Working Capital Demand Loans (WCDLs), Gold Metal Loans (GMLs), and non-fund-based facilities such as bank guarantees. Support can include operating-cycle analysis, stock and receivables review, projections, lender coordination and sanction documentation. Facilities are subject to eligibility, lender appraisal, security, margins and applicable requirements.
ESG Finance
Development finance institutions (DFIs) and impact investors are committing significant capital to Indian businesses that meet credible environmental, social and governance (ESG) standards. MMIPL’s ESG Finance Advisory connects eligible Indian corporates with DFIs, green lenders and sustainability-focused funds.
How we help: We assess ESG readiness, support alignment with international standards such as the IFC Performance Standards, and position proposals for green loans, sustainability-linked finance and long-tenor debt. Across renewable energy, green buildings and certified hospitality assets, we help clients turn sustainability commitments into a financing advantage. Funding is subject to project eligibility, lender and investor criteria, and applicable requirements.
Infrastructure, Manufacturing & Trading
Businesses across infrastructure, manufacturing and trading, including ports, steel and sugar, can face distinct funding needs, from capital expenditure and project execution to working capital and trading cycles. We assess each mandate’s funding purpose, project stage, cash flows and lender criteria to shape a practical financing approach.
How we help: Debt syndication and corporate-finance advisory for eligible project-finance, term-loan, working-capital and non-fund-based requirements. Support may include projections, CMA data, lender documentation and coordination through appraisal and disbursement. Facilities are subject to lender assessment and approvals.
Our Approach
A disciplined six-step advisory process.
Every mandate is executed with institutional rigour - from initial client analysis to post-sanction documentation and disbursement.
01
Client Analysis
Comprehensive historical, financial and operational review of the client enterprise.
02
Solution Design
Structuring of financial instruments aligned with the client's specific requirements.
03
Documentation
Financial projections, Information Memorandum, TEV reports and CMA data preparation.
04
Institutional Presentation
Formal negotiation with banks and financial institutions on behalf of the client.
05
Appraisal & Sanction
Completion of appraisal formats and compliance with all institutional protocols.
06
Disbursement & Handholding
Post-sanction documentation and disbursement formalities to closure, followed by handholding till exit by Lenders / Investors.
Leadership
Guided by a legacy of financial stewardship.
Money Managers is led by the Dharkar family - its Promoters & Directors - supported by a seasoned professional team that drives execution and client advisory.
Promoters & Directors
Co-Founder & Chairman of Money Managers (India) Pvt. Ltd. and a Board Member of the newly established AHS Middle East & Africa company, representing AHS India as a shareholder in the AHS Group. He is also Chairman and Founder of AHS Hotel Assets Pvt. Ltd. and Managing Director of AHS Hospitality India and the South Asia region. With over 36 years of experience across sectors and industries - spanning sales, distribution, banking, insurance and mutual funds - his career began in hospitality, and a deep passion for hotels brought him back to the industry in 2010. He leads the Group to navigate business cycles effectively while delivering positive results for all stakeholders.
Managing Director
Subodh Dharkar
Founder & Managing Director, Money Managers (India) Private Limited
Founder and Managing Director of Money Managers (India) Pvt. Ltd., Subodh Dharkar has over 36 years of experience in debt syndication. His work spans hospitality, real estate, gems and jewellery, manufacturing, and infrastructure. He leads the firm’s ESG Finance advisory, helping connect Indian businesses with Global DFIs. He is also Co-Founder & Director of AHS Hospitality India, a joint venture with Absolute Hotel Services, Thailand, and Co-Founder of AHS Hotel Assets Pvt. Ltd. He is currently pursuing a doctorate in ESG Finance and AI in Investment Banking.
Shareholder and Board Member of the Group and a key stakeholder in AHS Hotel Assets Pvt. Ltd. She began her career in the mid-1980s with India's largest life insurer, LIC, and today provides strategic direction to the Group while overseeing the company's interests in accounts and administration. She participates in high-level strategic decision-making and governance oversight, represents shareholder interests, ensures alignment with the long-term vision, and carries forward the Dharkar family's commitment to responsible hospitality.
A corporate finance and operations expert in the hospitality industry across Thailand and India, with 15+ years spanning operations, sales, management, finance and leadership. He holds an M.Sc. in International Management from the University of Exeter. He co-founded AHS Hotel Assets with a lease-and-ownership model focus, has a proven track record in fund evaluation and raising for corporate projects, and is driving strategic expansion into wildlife and eco-tourism markets - creating hotel assets that tap the true profit potential of hospitality.
Executive Team
1991Business Began
Debt & EquityCapital Advisory
ESG · DFIGreen Finance
With over 36 years in investment banking, Mr. Subodh Dharkar specialises in debt syndication across Hospitality, Real Estate, Gems & Jewellery, Manufacturing and Infrastructure, leading a team committed to innovative, customised financial solutions. Under his leadership the firm has launched a dedicated ESG Funding vertical - green & climate debt, ESG equity syndication and end-to-end deal management - positioning Money Managers as the bridge between Indian enterprises and leading global DFIs. His current areas of focus also include blended finance, climate investment, and the role of AI in the future of investment banking. He values integrity, excellence and collaboration, and is currently pursuing a Doctorate in ESG Finance and AI in Investment Banking.
15+Yrs Experience
6Industry Sectors
Since 2009With MMIPL
President of Money Managers (India) Private Limited and a key member of the leadership team, Vinod has over 15 years in investment banking, debt syndication and equity advisory. He joined the firm in 2009 and progressed through consistent performance to his current role, leading fundraising across Real Estate, Hospitality, Infrastructure, Manufacturing, Gems & Jewellery and NBFCs. He manages the complete deal lifecycle - structuring, lender negotiations, due diligence, closure and disbursement - and maintains deep relationships across Banks, NBFCs and AIFs. He actively drives the firm's ESG-aligned financing in renewable energy, social impact and women entrepreneurship, committed to integrity, transparency and long-term value creation beyond deal closure.
Distinguished Clientele
Trusted by enterprises across India.
A selection of organisations and sectors represented in the firm's client experience. To protect client confidentiality, transaction-specific case studies are shared only with client approval.
| Client / Group | Location | Sector |
|---|---|---|
| Ashok Piramal Group / Peninsula Land Ltd. | Mumbai, Pune | Real Estate |
| Morarjee Textiles Ltd. | Nagpur | Manufacturing |
| PMP Auto Components Pvt. Ltd. | Mumbai, Ankleshwar | Manufacturing |
| Shobla Hydropower Pvt. Ltd. | Kullu, Himachal Pradesh | Power |
| Delta Corp Limited | Mumbai, Goa | Hospitality & Gaming |
| Kamat Hotels India Ltd. | Mumbai, Pune, Goa, Silvassa | Hospitality |
| Paranjape Group | Mumbai, Pune | Hospitality & Real Estate |
| PNP Maritime Services Pvt. Ltd. | Maharashtra | Port, Rail & Warehousing |
| Tourism Finance Corporation of India Ltd. | Mumbai, Delhi | NBFC |
| Mahadik Sugar and Agro Products Ltd. | Mumbai, Kolhapur | Agri Manufacturing |
| Findi Group | New Delhi | Service Industry |
| Vashu Bhagnani Group | Mumbai | Real Estate |
| Romell Group | Mumbai | Real Estate |
| Dhingra Group | Goa, Delhi, Rajasthan | Real Estate & Hospitality |
| Hariom Group | Bhilai & Mumbai | Steel |
| V Raheja Group | Mumbai | Real Estate |
| Alcon Victor Group | Goa | Hospitality |
| Nitin Castings Ltd. | Mumbai, Silvassa | Manufacturing |
| PAN Gulf Technologies Pvt. Ltd. | Mumbai | Engineering Services |
| Prescon Group | Mumbai, Goa | Real Estate |
| Grace Group | Mumbai | Real Estate |
| S. Raheja Realty | Mumbai | Real Estate |
| Surya Inns Ltd., Courtyard by Marriott | Mahabaleshwar, India | Hospitality |
| Spenta Corporation | Mumbai | Real Estate |
| Unique Chains & Jewels Ltd. | Mumbai | Gold Jewellery |
| Shanti Gold International Ltd. | Mumbai | Gold Jewellery |
| Utssav CZ Gold Jewels Ltd. | Mumbai | Gold Jewellery |
| Sharda Group | Pune | Real Estate |
| Royal Palms (India) Pvt. Ltd. | Mumbai | Real Estate & Hospitality |
| Trijal Enterprise Pvt. Ltd. | Bhubaneswar | Gold Jewellery |
| Capri Global | Mumbai | NBFC |
Why Money Managers
Clear advice. Thoughtful execution. Lasting relationships.
We bring together sector understanding, tailored financial solutions and hands-on support to help clients navigate complex funding requirements.
Investment banking advisory since 1991 View Company ProfileProject & Feasibility Insight
Detailed project reports and TEV studies assess a project's technical, financial and operational viability.
Solutions Tailored to You
We consider each client's needs and assignment to help identify a suitable financing approach.
Support Through the Lifecycle
From assessment and structuring to lender engagement, documentation, disbursement and post-disbursement service.
Experienced Professional Network
We coordinate with banks, financial institutions and relevant legal, accounting and company-secretarial professionals.
Personal, Long-Term Relationships
Direct client interaction and ongoing involvement are central to the way we work.
Integrity & Responsible Execution
Professional integrity, ethical conduct, thoughtful problem-solving and respect for timelines guide our work.
Other Group Companies
Hospitality Ventures
Hotel management under our own brands - U Hotels & Resorts, Eastin Hotels & Residences, and Absolute Collection - as well as for Third-Party Operators (TPO).
AHS Hospitality India Pvt. Ltd.
Formed in 2010 with Absolute Hotel Services of Thailand, the company manages and operates branded hotels across India.
Learn about Absolute Hotel ServicesAHS Hotel Assets Pvt. Ltd.
A hospitality asset company focused on lease-based hotel ownership and Third-Party Operator (TPO) Activity.
Visit AHS Hotel Assets
Associates
Global partners extending our reach.
Money Managers works alongside trusted international associates who strengthen our cross-border advisory across the UK, Asia and the Middle East.
Siddharth’s contributions across trade, education, enterprise development and community welfare reflect an enduring commitment to public service and international cooperation. His work continues to strengthen UK-India economic engagement while inspiring the next generation of entrepreneurs and leaders.
International Trade & Bilateral Relations
For more than 15 years, Siddharth has advanced UK-India collaboration through strategic advisory support to businesses and academic institutions, including contributions to the free trade agreement process between the UK and India. He has also established India Trade Desks across key UK regions, bringing together expertise from the Department for Business & Trade, the British Chambers of Commerce and the High Commission of India to build a coordinated support ecosystem. These desks help UK businesses explore opportunities in India and Indian businesses engage with the UK market.
Enterprise Development & Mentorship
A committed mentor, Siddharth supports start-ups and SMEs through UK Government initiatives, The King’s Trust, local councils and university incubators.
Industry-Academia Collaboration
He works closely with Brunel University London and Cambridge Judge Business School to co-design experiential learning programmes that connect students, academics and industry leaders for meaningful knowledge exchange.
Philanthropy and Community Service
A passionate advocate for community development, Siddharth devotes significant time to philanthropic work. He serves as a trustee and board member of several UK- and India-based charities working in healthcare, education, skills development, tribal welfare, environmental conservation, animal protection and the arts.
He is a Strategic Advisor to Money Managers Pvt. Ltd., covering Europe, including the UK.
Our Offices
Our offices in India and key international locations.
Registered / Corporate Office
Mumbai, India
11 Ground Floor, Atlanta Estate,Dr. Ambedkar Chowk, Off W/E Highway,
Goregaon East, Mumbai - 400 063,
Maharashtra, India
Regional Office
United Kingdom & Europe
57 Lulworth Drive,Pinner, Middlesex,
HA5 1NF,
United Kingdom
Get in Touch
Let's discuss how we can support your capital objectives.
Whether you are structuring debt, planning a transaction, raising growth equity or exploring ESG-linked capital, we welcome the conversation.
Email us at contact@moneymanagersindia.com