Author: isha@ostara.co.in

Electrification in Industry

Dear Reader, In many cases, the easiest way for a factory to decarbonize is to purchase electricity from renewable sources for its energy needs. Renewable electricity generation having reached maturity as an industry in India provides an accessible pathway for economic and environmental benefits in the long run. Hence, increasing renewable electricity as an energy […]

Biofuels: Powering India’s Sustainable Future

Welcome to the August 2024 edition of our newsletter! In this edition, we go on a journey exploring a greener, more sustainable future where energy is harnessed from the very resources that surround us. India’s energy landscape is undergoing a transformation as the country embraces biofuels to reduce its reliance on crude oil imports and […]

Industrial Decarbonization: Targeted Strategies for Heavy Industries

Industrial decarbonization is the process of significantly reducing or eliminating carbon dioxide and other greenhouse gas emissions from industrial activities. This is crucial for mitigating climate change, as the industrial sector currently accounts for nearly one-third of global carbon emissions as per the World Economic Forum. Key industries like steel, cement, and chemicals are major contributors to […]

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Mukund Ranganathan

Partner

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Mukund Ranganathan

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Partner

Mukund is a seasoned investment banker with 27 years of experience in advising companies on M&A and capital raising transactions. He has served most recently as Joint Managing Director at Motilal Oswal Investment Banking, where he worked from June 2014 to January 2021. During his career, he has facilitated over 70 strategic financial transactions including Motherson Sumi’s acquisition of PKC Group (Finland), sale of Aurangabad Electricals to Mahindra CIE, Siemens’ sale of Bangalore Airport, sale of Spicejet, Aegis’ acquisition of PeopleSupport (USA), sale of Air Deccan among others. Mukund has extensive experience in raising private equity funding as well as in the capital markets including IPOs, follow-on offerings, GDRs and ADRs for L&T Finance, Indostar, Dixon Technologies, Bharat Financial Inclusion, Tata Consultancy Services (TCS), Wipro, GAIL, etc.

Mukund has earlier worked for 9 years at Edelweiss Financial Services and started his career in 1996 with a 9-year stint at Morgan Stanley. Mr. Ranganathan holds a B.Tech degree in Electrical Engineering from Indian Institute of Technology Madras (1994) and a PGDM from Indian Institute of Management, Ahmedabad (1996).

Vasudha Madhavan

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Vasudha Madhavan

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Founder & CEO

A pioneer in India’s electric mobility and climate-tech investment ecosystem, Vasudha is the Founder & CEO of Ostara Advisors and has led transformational deals, including India’s first M&A in the electric two-wheeler sector. With over 22 years of experience in Corporate & Investment Banking, she has catalyzed global capital flows into clean mobility, making Ostara Advisors a leader in growth-stage fundraising and M&A.

She has previously worked at Citibank, where she was responsible for setting up & expanding Citi’s India’s ‘Private Equity and Hedge Fund’ coverage vertical, ICICI Bank’s Treasury Division & the Product Technology Group and boutique investment banking firms and made her debut in the Top 20 on the All-India M&A League Tables in late-2018. In 2023, Vasudha was felicitated by India Energy Storage Alliance (IESA) as one of the Top 40 ‘Women leaders driving Energy sector in India’.

After an illustrious career in the Banking sector where she was known for her business acumen as well as her intrapreneur skills, she honed in on Climate-Tech as the vertical she wanted to make a mark in. Vasudha founded Ostara Advisors in 2015 to catalyze global capital flows into the clean mobility and climate-tech ecosystem in India. Taking a thought-leadership approach in these sectors, the firm is today an early mover in institutionalizing fund-raising in these sectors with a focus on growth stage fund-raising and M&A transactions.

Vasudha is also a mentor at Aspire for Her, a unique organisation that enables women to join and stay in the workforce, through campus engagement, mentorships and skilling workshops. Their vision is to impact 1 million+ women and add $5B to India’s GDP through increased participation of women in the workforce by 2025.

Vasudha earned her MBA in Finance from XLRI, Jamshedpur, India and her Bachelor’s degree in Commerce from Mount Carmel College, Bangalore, India. She is also a certified Advanced Scuba Diver and enjoys photography, having held several solo and group exhibitions of her work.

R. 'Shanx' Ravisankar

Industry Expert – Financial Technology and Cloud Solutions

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Shanx is a founding member and former CEO of Oracle Financial Services Software, (formerly known as i-flex Solutions, the company was acquired by Oracle in 2006). Shanx retired in 2011 as the Chief Operating Officer, Oracle Financial Services Global Business Unit (FSGBU). As a technology leader, he has also been profiled in leading trade and industry publications. In 2008, Shanx was selected as one of the 50 Outstanding Asian American business leaders. This accolade celebrates Asian business leaders and recognizes their pivotal roles in Corporate America. Shanx is an engineering graduate from the Indian Institute of Technology, Chennai, and has an MBA in Management from the Indian Institute of Management, Ahmedabad, India.
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