Abhay Agarwal
Managing Director, CIO
Abhay is the founder and MD of Piper Serica Advisors. Piper Serica is a SEBI registered PMS manager and advisor to Piper Serica India Numero Uno Fund based in Mauritius.
Some core portfolio holdings that have provided significant returns include Dixon Technologies, Info Edge, APL Apollo, Apollo Hospital, HDFC Bank, ICICI Lombard, Titan, HDFC Life, Bajaj Finance, Bata, Havells, Jubilant Foodworks, PVR, Maruti, Mannapuram Fin, BASF, and Angel Broking.
Earlier, Abhay worked as a Director with the Private Equity group of JP Morgan in India, HK and Singapore (1997-2003). He invested in companies in India, Korea, Australia, Singapore, China and the US. His investments included LBO’s and growth capital. Some of the companies he invested in include HDFC Bank, Piramal Glass, Jubilant Foodworks, Nicholas Piramal (acquired by Abbott), Bharat Forge, MTR Foods (acquired by Orkla), Mando Machinery Korea, Mindtrac Singapore, Marico and HDFC Securities. He was a director on the board of some of these companies.
Abhay is also an angel investor and has made multiple angel investments. Some of the investments include Khatabook, Creditas, Fleetx.ai, Junio, PinkBlue, Nuvepro, Mynvax and Insorce.
Abhay is a second-degree black belt in Judo and a certified international Judo coach. He trains under-privileged children and supports budding Judokas.
Abhay is an MBA from Jamnalal Bajaj Institute of Management Studies, Mumbai (1991-93).
Rajni Agarwal
Director, Research
Rajni is a key contributor in developing the Piper Serica Leader Portfolio Strategy ™. She provides research support for application of Michael Porter’s 5 Forces Model across industry verticals.
Rajni started her career as a Research Analyst at SBI Fund Management in 1993. She then served as a Fund Manager at one of the largest debt schemes at SBI Mutual Fund. Her role as a fund manager involved allocating funds across various debt instruments and ensuring an appropriate risk adjusted return to investors. She was involved in regular credit monitoring and credit appraisal of portfolio companies.
Rajni completed her MBA from Jamnalal Bajaj in 1993. Prior to that he obtained a Master’s degree in Economics from Delhi School of Economics, Delhi in 1991.
Ajay Modi
Director, Investments
Ajay Modi is a Director with Piper Serica and looks after research and investment decision making. His expertise lies in research, financial modelling and covering various industries at greater depth. Ajay completed B.Tech from Pune University, is a CFA candidate and also holds a certificate in Investment Research & Analysis from CISI Institute, London. He has been a part of Piper Serica for over 8 years. Starting as an analyst he has risen up the ranks and occupies a senior position in the company. Prior to this he worked for a KPO of Thomson Reuters. Here, Ajay was a part of a team which managed more than $1 Bil for 2 of the world’s largest global asset managers.