Archana Niranjan Hingorani: Leading With A Mission
A pioneer of the private equity industry in India, Archana Hingorani is also a great advocate of women’s roles in corporate work force
Focussed and ambitious, Archana Niranjan Hingorani, founder Siana Capital Management pioneered the private equity (PE) experience in India and Asia over two decades and led 14 large and small PE funds across investment strategies in over 150 transactions. She was earlier the CEO & ED of IL& FS Investment Managers and the founding member of IL&FS Private Equity.
Armed with a Bachelor’s degree in Economics from Bombay University and Master’s in Business Administration with PhD in Corporate Finance from University of Pittsburgh, Hingorani has over 30 years of experience in the financial services business, teaching and research. “Globally, PE has established its importance as a growth enabler for the economy. While, PE investing only entered India’s lexicon at the turn of the century, it has been a significant contributor to India’s economic growth,” says Hingorani on the role of PE in India.
Notably India’s first PE fund manager, she first participated in this sector very early on in the mid-1990s when it was still an alien concept. She has cumulatively led and funded more than 150 companies in a broad variety of sectors and multiple stages, to an aggregate capitalisation of $15 billion.
In recent years, Hingorani spearheaded efforts to incorporate sustainability (both environment and technology) into investment decision making, a super critical aspect for a country like India. She has consequently worked with various commissions of the United Nations Environment Programme - Finance Initiative (UNEP FI) to understand and advance this. She was appointed to their Global Steering Committee in 2016, a position not held by any Indian in recent history. Advocating greater role for women in the corporate workforce and senior positions, Hingorani emphasises on creating new areas of growth to put India on the world map as a leader in both economic growth and adoption of technological trends. “Equally important that we encourage and create an ecosystem that encourages mentorship, opportunities, and growth paths for women in our firms and industry.” she says.