Board of Directors

Managing Director – India Avenue Investment Management
Mugunthan spent three years in India as CIO of a boutique asset management business. In this period Mugunthan set up a foreign access vehicle to allow global investors to access India’s equity markets. Mugunthan previously worked as Head of Portfolio Management for ANZ Wealth in Australia and has over 20 years of experience in portfolio construction, manager selection as well as credit and equity research at companies such as Macquarie Bank and Westpac. Mugunthan has also managed multi- asset, alternatives and global/emerging market share portfolios. He has an MBA in Finance from the University of Technology, Sydney, Graduate Diploma in Investment & Finance from the Financial Services Institute of Australia and holds a Bachelor of Commerce (Finance) from the University of NSW, Sydney.

Director – India Avenue Investment Management
Aran has worked in the Australian investment and superannuation industry for over 10 years. His experience covers capital markets research, asset allocation, multi-asset portfolio management, quantitative analysis and investment manager research. Aran previously worked at MLC, one of Australia’s largest multi-asset funds and prior to this held roles at ING Investment Management and ANZ Wealth where he researched and assisted in the management of alternatives and global/emerging share market portfolios. He is a CFA charterholder and holds a Bachelor of Commerce & Bachelor of Science majoring in Finance and Mathematics from the University of New South Wales, Australia.

GRANT MATHEWSON
Non-Executive Director
Grant is a founder of one of Australia successful consumer products companies, building the business from scratch to a successful sale to PE firm in 2014. Today he spends his time focusing on developing new business lines and looks to opportunities where he can add value to a business through his commercial and product knowledge and is a long-term believer in the India growth story.

MAADHVI PATEL
Non-Executive Director
Maadhvi is the Sanlam Private Wealth (SPW) appointed Director for India Avenue. She is responsible for SPW’s strategic focus in Australia as well as managing it’s external stakeholders. Maadhvi has also held senior roles at OneVue, PwC and KPMG previously and understands the Australian financial services landscape thoroughly.
India Avenue is a boutique investment management firm providing investment solutions that allow our clients to benefit from India’s remarkable growth story.
OUR BUSINESS
2005
The journey towards the “birth” of India Avenue originated in 2005, when ING Investment Management started a business in India as a separate division, utilising a practiced multi-manager philosophy in markets like Australia, and exported it to India. Three of our founders, Mugunthan Siva, Rajeev Thakkar and Sajjan Raut Desai worked together for INGIM (India), building investment strategies and structures, under this philosophy and applying them to Indian capital markets
2011
In 2011 our founders started discussing the possibility of building an investment firm with a capability to provide a focus on India as an stand-alone investment jurisdiction for foreign investors. The founders identified Australia and New Zealand as nascent markets for investing in regional locations, with the potential to accelerate given education and insights which the firm could provide.
2015
By 2015 the group of founders decided to work full-time on this concept to bring it to life. They did this by leaving their existing employment, thus exercising high conviction in the investment region of India as a long-term structural story for investors in Australia and New Zealand. Thus, the firm India Avenue Investment Management was registered and came to life in 2015 in Sydney, Australia.
2016
After building our business for a period of 12 months, our first fund, The India Avenue Equity Fund was launched on 6th September 2016, with strong service provider partners like Equity Trustees (RE), Mainstream (Fund Administrator), KPMG (Fund Auditor) and BNP India (Custodian).
NOW
India Avenue is now a boutique investment business firm, with clients spread across family offices, high net worth individuals, wealth advisers and financial planning firms. Our firm has focused on education and knowledge as a driver of investment behaviour and have taken a long-term approach towards Australian and New Zealand investors contemplating an allocation to India’s growth as part of their portfolios. Our firm has assets in excess of A$50m and the India Avenue Equity Fund is rated “Recommended”* by Lonsec and is available on multiple investment platforms across Australia and New Zealand.