What We Do

Aikyam Capital is a specialized investment banking and advisory firm offering comprehensive solutions across capital markets, strategic transactions, and institutional advisory. Our approach is founded on deep market insight, disciplined execution, and a long-term partnership mindset. We partner with investors, promoters, corporates, funds, and family offices to engineer and unlock value at every stage of their business journey.

Core Service Pillars

We advise companies on capital formation through both public and private placements across a wide spectrum of equity and debt instruments. Our client-centric solutions are tailored to meet specific debt and equity capital requirements in both primary and secondary markets.

IPO Planning & Structuring:

We guide companies in preparing for a successful Initial Public Offering, advising on optimal structure, timing, and regulatory readiness.

IPO Execution Advisory:

We provide comprehensive, end-to-end support across the IPO lifecycle—from due diligence and documentation to listing and post-issue compliance.

Private Capital Raising:

We assist listed and unlisted companies in securing growth capital from our extensive network of institutional, strategic, and high-net-worth investors.

Business Alignment & Positioning:

We strategically align businesses with the most suitable investor profile to maximize valuation and long-term market appeal.

Secondary Offerings:

We provide strategic and execution advisory for listed entities undertaking Qualified Institutional Placements (QIPs), Rights Issues, and Bonus Issues.

Market Maker:

As a registered stockbroker with BSE, NSE, and MCX, we provide essential liquidity and stability for SME IPOs by acting as a dedicated Market Maker.

We advise promoters, boards, and investors on strategic decisions that shape long-term value. Our advisory solutions support critical business transitions, transactions, and restructuring with a focus on governance, execution, and outcome certainty.

Mergers & Acquisitions Advisory:

We advise on buy-side and sell-side transactions, including strategic acquisitions, divestments, and business consolidations, from target identification to deal closure.

Valuation & Fairness Opinions:

We provide independent valuation services for transactions, restructuring, regulatory compliance, and shareholder decisions, supported by robust financial modeling.

Transaction Structuring:

We design deal structures that balance commercial objectives with tax efficiency, regulatory compliance, and capital optimization.

Promoter & Board Advisory:

We work closely with promoters and boards on strategic planning, capital allocation, governance frameworks, and succession readiness.

Distressed & Special Situations Advisory:

We advise stakeholders in complex situations involving financial stress, operational turnaround, and stakeholder negotiations.

Regulatory & Process Management:

We manage regulatory interfaces, documentation, and transaction workflows to ensure timely approvals and seamless execution.
We deliver targeted advisory solutions for complex capital, regulatory, and cross-border requirements. Our specialized services address high-impact situations where precision, experience, and coordination are critical.

Debt Syndication:

We arrange structured debt solutions through banks, NBFCs, and private credit, aligned to project cash flows, refinancing needs, and growth plans.

Stressed Asset Resolution:

We advise on acquisitions and resolution strategies under IBC and non-IBC frameworks, including NCLT processes and bilateral settlements.

Cross-Border Structuring:

We support inbound and outbound investments through jurisdiction-appropriate structures, compliance planning, and capital flow optimization.

Fund Structuring & Sponsor Advisory:

We assist fund sponsors with vehicle setup, regulatory approvals, investor documentation, and operational frameworks.

Institutional Partner Coordination:

We coordinate legal, tax, valuation, and compliance partners to deliver fully integrated transaction execution.

Post-Transaction Integration Support:

We support implementation, restructuring, and compliance after capital events to ensure operational continuity and value realization.

Our Approach

We combine deep domain expertise, robust investor access, and an unwavering focus on execution to deliver strategic, scalable, and sustainable capital market solutions. This holistic approach empowers promoters, corporates, and investors to unlock long-term value across both primary and secondary markets.

Our Leadership Team

Nilesh Choudhary

Founder and Director

Nilesh Choudhary, the Founder and CEO of Aikyam Capital, is a veteran leader with nearly twenty years of specialized experience in the asset management industry. A Chartered Accountant holding a PGDBM in Finance from NMIMS, Mumbai, he has been at the forefront of alternative investments since 2006, beginning with his foundational role at Milestone Capital.

Nilesh’s professional trajectory is marked by a transformative decade at Edelweiss Financial Services. During this tenure, he played a pivotal role in pioneering their Alternative Investments division in Singapore and spearheaded the firm’s strategic expansion across South-East Asia, the Middle East, and Africa. Today, under his visionary leadership, Aikyam Capital is dedicated to redefining value creation within the Indian stressed asset market. By combining strategic precision with institutional authority, Nilesh ensures the firm delivers sophisticated, high impact investment solutions

Anand Mody

Group COO & Head Investment Banking

Anand Mody serves as Group Chief Operating Officer and Co-Head of Investment Banking at Aikyam Capital Private Limited, responsible for operating model design, platform scalability, and execution governance across the firm’s investment banking activities. His role spans operational leadership and transaction oversight, ensuring growth objectives are supported by robust infrastructure, control frameworks, and disciplined execution.

As Group COO, he oversees operational strategy, internal controls, technology enablement, and enterprise risk management, with a strong focus on regulatory alignment and execution reliability. As Co-Head of Investment Banking, he is involved in deal execution oversight and cross-team coordination across advisory, capital raising, and structured transactions.

With extensive experience in trading systems and risk management, he brings an execution-focused approach to complex, transaction-driven environments.

B. Mugunthan

Head – Debt Syndication

B. Mugunthan leads debt syndication at Aikyam, overseeing origination, structuring, and execution across debt capital market transactions. With 21 years of experience in financial services, he brings deep expertise across credit products and market cycles. He ensures disciplined deal execution, strong issuer–investor alignment, and robust processes that support scalable growth and regulatory compliance.

Our Leadership Team

Nilesh Choudhary

Founder & CEO

Nilesh Choudhary is the Founder and Chief Executive Officer of Aikyam Capital Group, responsible for the firm’s strategic direction, governance architecture, and execution oversight across its investment banking platform. His role includes oversight of client engagements, transaction execution standards, cross-jurisdiction regulatory alignment, and the maintenance of disciplined financial and operational controls.

With over a decade of experience in foreign and NRI portfolio structuring, corporate finance, and cross-border financial arrangements, he focuses on translating regulatory, commercial, and market requirements into structured, executable investment banking solutions. He works closely with clients, advisors, and internal teams to ensure capital advisory and structured finance mandates are executed within clearly defined legal, regulatory, and risk frameworks.

Anand Mody serves as Group Chief Operating Officer and Co-Head of Investment Banking at Aikyam Capital Private Limited, responsible for operating model design, platform scalability, and execution governance across the firm’s investment banking activities. His role spans operational leadership and transaction oversight, ensuring growth objectives are supported by robust infrastructure, control frameworks, and disciplined execution.

As Group COO, he oversees operational strategy, internal controls, technology enablement, and enterprise risk management, with a strong focus on regulatory alignment and execution reliability. As Co-Head of Investment Banking, he is involved in deal execution oversight and cross-team coordination across advisory, capital raising, and structured transactions.

With extensive experience in trading systems and risk management, he brings an execution-focused approach to complex, transaction-driven environments.

Anand Mody

CEO – Stressed Asset Management

Nilesh Choudhary

Founder & CEO

Nilesh Choudhary, the Founder and CEO of Aikyam Capital, is a veteran leader with nearly twenty years of specialized experience in the asset management industry. A Chartered Accountant holding a PGDBM in Finance from NMIMS, Mumbai, he has been at the forefront of alternative investments since 2006, beginning with his foundational role at Milestone Capital.

Nilesh’s professional trajectory is marked by a transformative decade at Edelweiss Financial Services. During this tenure, he played a pivotal role in pioneering their Alternative Investments division in Singapore and spearheaded the firm’s strategic expansion across South-East Asia, the Middle East, and Africa. Today, under his visionary leadership, Aikyam Capital is dedicated to redefining value creation within the Indian stressed asset market. By combining strategic precision with institutional authority, Nilesh ensures the firm delivers sophisticated, high impact investment solutions

Venkatasubramaniam Marutha

CEO – Stressed Asset Management

Venkatasubramaniam Maruthai serves as the CEO of Stressed Asset Management at Aikyam Capital, bringing deep institutional expertise to the firm’s core investment strategies. He is a seasoned professional with a proven track record in navigating the complexities of the Indian distressed debt landscape and corporate restructuring.

At Aikyam, he leads the identification and turnaround of companies within the Corporate Insolvency Resolution Process (CIRP), focusing on businesses with strong fundamentals facing temporary financial stress. His leadership ensures that every acquisition is backed by rigorous valuation, legal compliance, and a defined exit strategy. By integrating operational restructuring with strategic capital infusion, Venkatasubramaniam drives value restoration, positioning Aikyam Capital as a leader in high-conviction, special situation investments across India.

Nilesh Choudhary

Founder & CEO

Nilesh Choudhary, the Founder and CEO of Aikyam Capital, is a veteran leader with nearly twenty years of specialized experience in the asset management industry. A Chartered Accountant holding a PGDBM in Finance from NMIMS, Mumbai, he has been at the forefront of alternative investments since 2006, beginning with his foundational role at Milestone Capital.

Nilesh’s professional trajectory is marked by a transformative decade at Edelweiss Financial Services. During this tenure, he played a pivotal role in pioneering their Alternative Investments division in Singapore and spearheaded the firm’s strategic expansion across South-East Asia, the Middle East, and Africa. Today, under his visionary leadership, Aikyam Capital is dedicated to redefining value creation within the Indian stressed asset market. By combining strategic precision with institutional authority, Nilesh ensures the firm delivers sophisticated, high impact investment solutions

Venkatasubramaniam Maruthai

CEO – Stressed Asset Management

Venkatasubramaniam Maruthai serves as the CEO of Stressed Asset Management at Aikyam Capital, bringing deep institutional expertise to the firm’s core investment strategies. He is a seasoned professional with a proven track record in navigating the complexities of the Indian distressed debt landscape and corporate restructuring.

At Aikyam, he leads the identification and turnaround of companies within the Corporate Insolvency Resolution Process (CIRP), focusing on businesses with strong fundamentals facing temporary financial stress. His leadership ensures that every acquisition is backed by rigorous valuation, legal compliance, and a defined exit strategy. By integrating operational restructuring with strategic capital infusion, Venkatasubramaniam drives value restoration, positioning Aikyam Capital as a leader in high-conviction, special situation investments across India.

Partner with Aikyam Capital

To discuss how our investment banking and advisory services can support your company’s strategic objectives, please contact our team.