Keki Mistry joins Kedaara Capital as Independent Operating Advisor

Kedaara Capital has appointed Keki Mistry as an Independent Operating Advisor to its funds, the private equity firm announced on January 7. Mistry, a veteran with over 40 years of experience in banking and financial services, will contribute his expertise to strengthen Kedaara’s financial services team.

“His deep industry knowledge and strategic insights will play a pivotal role in enhancing our investment capabilities,” the company said in a statement.

Mistry’s distinguished career began at AF Ferguson & Co, a reputed Chartered Accountancy firm, followed by stints at Hindustan Unilever Ltd and Indian Hotels Company Ltd. He joined HDFC Ltd in 1981, where he rose through the ranks, holding significant leadership roles such as Executive Director in 1993, Managing Director in 2000, and Vice Chairman & Managing Director in 2007. In 2010, he was elevated to Vice Chairman & CEO.

During his tenure, Mistry was instrumental in transforming HDFC into a financial powerhouse, driving the establishment of subsidiaries such as HDFC Bank, HDFC Asset Management, HDFC Life Insurance, and HDFC ERGO General Insurance. After the merger of HDFC Ltd with HDFC Bank, he retired in June 2023 and assumed a non-executive director role at HDFC Bank.

In his new role at Kedaara, Mistry will provide strategic guidance and advisory support to the firm’s financial services team, focusing on current and future investments in the sector.

Kedaara Capital, founded in 2011, is a leading private equity firm with investments across diverse sectors, including financial services, consumer, healthcare, and technology.