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Renuka Ramnath

Founder, Managing Director & CEO at Multiples Alternate Asset Management


Renuka Ramnath is the founder and CEO of Multiples, a dedicated India focused private equity fund with an AUM of over $ 1bn. She is one of the most experienced private equity fund managers in India with a full cycle track record of investing capital raised from global Institutions. Over the course of three decade in financial services, Renuka successfully built several businesses in the ICICI Group including investment banking, e-commerce and private equity. As the MD & CEO of ICICI Venture, she led the firm to become one of the largest private equity funds in India scaling the proprietary platform from USD 50mm to USD 2.5bn under management in 8 years. In the Indian PE market, she has pioneered and brought to life first-to-market transactions such as Leveraged Buyouts and Management Buyouts such as Info MedIa India, ACE refractories, VA Tech Wabag, Infoedge, RFCL, Glaxo- real estate as well as incubated several companies. Renuka has successfully built businesses and led the teams on strategy formulation and delivering exits in different and varied situations.

Renuka is an independent director on the Boards Tata Communication Limited (the Chairperson), Ultratech Cement Limited, L&T Technologies Limited and Institutional Investor Advisory Services India Limited, a proxy advisory firm. She also is on the Board of several portfolio companies of Multiples such as Indian Energy Exchange, PVR Limited and PeopleStrong. Renuka has been recognized by several leading magazines over the years as the ‘Most Powerful Woman’ in her field such as Business Today, Economic Times, Forbes, to name a few.