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Rishi Sunak’s wife Akshata Murty to wind down venture capital fund

Catamaran caused controversy because of taxpayer-funded support for startups in which it had invested

Rishi Sunak’s wife, Akshata Murty, is winding down her startup investment fund, months after questions were raised over its links to taxpayer-funded schemes .

Murty’s venture capital fund, Catamaran Ventures UK, gave little detail, only saying that its directors “have decided to liquidate the company”, according to its latest filings at Companies House .

Sunak’s wife used Catamaran Ventures UK to invest some of the vast wealth she derives from her 0.91% stake in her father’s Indian IT business, Infosys, which earlier this year was worth £590m.

However, the fund’s operations came under scrutiny when it emerged that a number of the startups it backed received cash injections through taxpayer-backed schemes, or owed money to HM Revenue and Customs.

That included the upmarket furniture firm, New Craftsmen, which collapsed into liquidation in November 2022 after receiving £300,000 in taxpayer-funded loans handed out under policies that Sunak put in place while he was chancellor.

Catamaran also backed the education firm Mrs Wordsmith, which secured £1.3m from the Future Fund, a £250m investment scheme, designed by Sunak, that was intended to help small startups ride out the pandemic. Under the scheme, the government extended loans that would then convert into shares when the companies attracted new funding.

Mrs Wordsmith collapsed six months after receiving the funding, owing £249,000 to HMRC.

Another of its investments, the fitness chain Digme Fitness, fell into administration in 2021, after having received Covid furlough payments of up to £630,000. It also owed more than £6.1m in VAT and PAYE taxes.

Catamaran also put money behind Study Hall, an education technology business which is still trading, that was given a government grant of £349,976 from the arm’s-length body Innovate UK in 2022.

Murty’s financial arrangements have been an ongoing point of contention during Sunak’s time in Downing Street.

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The prime minister came under criticism after it was revealed that Murty held “non-dom” tax status , allowing her to legally minimise tax on dividends from Infosys, which were worth £11.5m in the last financial year. She subsequently agreed to pay tax in the UK on her worldwide income.

Her shareholding in the childcare company Koru Kids later became a source of controversy, after the prime minister was found to have breached parliament’s code of conduct by failing to declare it while being questioned by MPs earlier this year . Koru Kids was among six private childcare providers poised to benefit from a pilot scheme proposed in the budget to incentivise people to become childminders. However, parliament’s commissioner for standards said the breach was inadvertent.

The Guardian contacted No 10 for comment regarding the wind-down of Catamaran Ventures UK.

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Akshata Murthy net worth: UK PM Rishi Sunak’s wife has wealth over Rs 5,900 crore

She has an estimated wealth of Rs 5,956 crores (USD 721 million) which was more than the late Queen Elizabeth II’s approximate wealth. She is also the director of at least three companies – Catamaran Ventures, Digme Fitness and the New & Lingwood. Moreover, she is the daughter of Indian billionaire and Infosys co-founder Narayana Murthy – we’re talking about Akshata Murthy, the current first lady of Britain. Let’s look at Akshata Murthy’s net worth.

Murthy came under spotlight after she served tea and biscuits to journalists while Rishi Sunak had launched his bid for the UK PM’s post a few months ago. While her act was praised, the price of the tea set came into question, and her move was dubbed as tone deaf.

Akshata Murthy net worth

A larger proportion of Akshata Murthy’s wealth comes from her 0.9 per cent stake in Infosys – the Indian software giant. As per several reports, the 42-year-old holds 3.89 crore shares of the company. If we are to go by Infosys’ share price as of Oct 27, 2022, Murthy has an approximate wealth of Rs 5,927 crores. Apart from holding Infosys shares and stake, Murthy has other entities from which she earns a fair share.

Catamaran Ventures

The venture capital and equity firm, which was funded by Narayan Murthy, employs 15 people in India and has holdings worth more than $1 billion (Rs 8, 229 crores approx.). Murthy is the director at Catamaran Ventures since 2013. The firm focuses on local brands that require management expertise, capital, as well as network partners to grow tactically.

New & Lingwood

Since 2017, Murthy has been the director of this heritage outfitter company. As per reports, she apparently stepped down from her role as director in February this year. However, nothing concrete can be said about the same. New & Lingwood reportedly outfitted students of Eton College.

A fitness company based in London, Digme offers fitness programmes at studios and homes in Covent Garden, Bank, Moorgate, and Richmond. Murthy, who has served as Digme’s director since 2017, owns a 4.4 per cent stake in the company.

Akshata Murthy education

Akshata Murthy is a graduate from Claremont McKenna College in California with a degree in French and Economics. She also has an MBA degree from Stanford University . In 2007 she had set up her own business, Akshata Designs , which celebrated Indian culture. The business was shut down after operating for three years.

While Akshata Murthy has been under the radar for a lot of controversies in the past and has donned many roles, it is will be interesting to see her stepping in the role of UK’s first lady now.

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Rishi Sunak's Billionaire Wife Akshata Murty Builds Ties To World's Super-Rich

Akshata murty describes catamaran ventures on linkedin as a family office based in london and bangalore that focuses in the uk on local brands.

Akshata Murty, who was born in India and is still an Indian citizen, has a net worth of $1.2 billion

Akshata Murty, the wife of UK Chancellor Rishi Sunak, has developed links to some of the world's richest families through her private investment firm, Catamaran Ventures UK.

Previously unreported filings show that Murty's family office was an early backer of dara5, a private investment community for "the next generation of global leaders," co-founded in 2019 by a member of Qatar's ruling dynasty, the Al-Thani family. Catamaran has also acquired a stake in The New Craftsmen, a luxury British furniture marketplace whose shareholders include Rupert Murdoch's oldest daughter, Prudence, and the Al Tajir family, the Emirati owners of the Park Tower hotel in London's Knightsbridge district. 

Murty, 42, who was born in India and is still an Indian citizen, has a net worth of about $1.2 billion thanks to her stake in Infosys Ltd., the software giant founded by her father Narayana Murty, according to the Bloomberg Billionaires Index. The Bangalore-based company's shares have surged more than 2,000% since Murty was first publicly disclosed as a shareholder in 2001, though they have struggled this year in the face of a broad tech selloff.

Catamaran Ventures is the name of the Murty family's main investment entity based in Bangalore. Narayana Murty is chairman of the firm, which employs about 15 staff in India overseeing holdings worth more than $1 billion spanning e-sports, insurance and Elon Musk's Space Exploration Technologies Corp.

Akshata Murty describes Catamaran Ventures on LinkedIn as a family office based in London and Bangalore that focuses in the UK on local brands that need capital, management expertise and network partners. She is the British branch's only director and shareholder. 

Murty has helped to run some of her UK investments. She became a director in 2017 of New & Lingwood, an outfitter for students of England's prestigious Eton College - Prime Minister Boris Johnson's alma mater - which charges tuition fees of about £45,000 a year. She stepped down from the role in February. A spokeswoman for New & Lingwood declined to comment.

In 2017 Murty also became a director at Digme, a London-based fitness company that went into administration in February. Murty, who is still a director, owned a 4.4% stake as of February. Catamaran's other investments include a holding alongside British hedge fund manager Hugh Sloane in the company that launched Wendy's restaurants in India. 

Murty's Wealth Hits Sunak Popularity

The revelation in April that Murty enjoyed "non-domiciled" tax status in the UK, meaning she paid no local taxes on overseas income, has pushed her wealth - as well as her husband's - into the news just as a cost-of-living crisis began to bite across Britain. The furore prompted her to relinquish that status in April, and contributed to a significant decline in Sunak's approval ratings.

Murty didn't provide a response to a request for comment, while a spokesperson for Sunak declined to comment.

The chancellor, a former Goldman Sachs Group Inc. banker and hedge fund manager with the Children's Investment Fund and Theleme Partners, was previously seen as the front-runner to succeed Johnson as prime minister, but disclosures about his family wealth fueled concerns that he is out of touch with ordinary Britons.

Sunak on Thursday announced a 25% windfall tax on the profits of oil and gas firms and pledged cash handouts to millions of Britons facing sharp increases in energy bills and other outgoings.

Murty and Sunak met while studying for MBAs at Stanford University in mid-2000s. They married in 2009, and still own a property in California, a penthouse overlooking the ocean. In April, Sunak referred himself to the independent adviser on ministers' interests over his wife's tax status and his past ownership of a US green card. He was cleared of breaching the ministerial code.

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Sunak previously declared in the official parliamentary register that Murty owns Catamaran Ventures, but has not given details of its investments. He transferred his 50% stake in the company to Murty when he became a member of Parliament in 2015.

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

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Rishi Sunak’s wife Akshata Murty lends £4.3m to start-up Catamaran Ventures

Akshata Murty, the wife of Rishi Sunak, lent her start-up investment company £4.3 million last year, up from £1.7 million in 2019, as it slipped into the red.

The London-based Catamaran Ventures UK — founded by Sunak, the chancellor, and Murty in 2013 — invests in start-ups “with the view to future capital growth and income distributions”.

Murty is the daughter of NR Narayana Murthy, the Indian billionaire and co-founder of Infosys. The Murthy family is said to have invested part of the wealth created by Infosys through Catamaran Ventures.

Catamaran noted that an impaired investment of £324,995 had been recognised after the financial year’s end. This is thought to be a reference to Mrs Wordsmith, an education start-up backed by Catamaran that collapsed less

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What Is British PM Rishi Sunak's Wife And Indian Heiress Akshata Murty's Net Worth?

What is akshata murty's net worth.

Indian heiress, investor and fashion designer Akshata Murty has an estimated net worth of $641 million (£529 million) as of 2023, according to The Times UK . This is a combined estimate along with her husband and British Prime Minister Rishi Sunak. However, the couple's entire wealth is almost attributed to Murty, who owns a stake in Infosys, India’s second-largest IT firm. Co-founded by her father N.R. Narayana Murthy, Infosys is valued to be worth $73 billion, as per The Standard.

Sources of Income

Stake in infosys.

Murty owns a 0.93% stake in the publicly-traded tech company Infosys. Her stake amounts to approximately 39 million shares. The stake was worth an estimated $836 million approximately, (£690 million) as of last year, according to the Sunday Times Rich List 2022.

In 2023, Murty received approximately $16.3 million (£13.5 million) in dividends from Infosys, as per The Standard . Her latest payout was $8.2 million (£ 6.8 million) following a year of strong growth from Infosys, with the firm announcing an Rs 18 dividend to shareholders.

Murty's income from Infosys is a subject of controversy as well. Since she is an Indian citizen and a "non-domiciled UK resident," she is not required to pay income tax on money earned by ventures outside of Britain. Thus, despite her receiving millions in dividends she is not liable to pay any tax. However, Murty announced that she had decided to pay tax on her worldwide income in the UK. 

Professional Career

After graduating from Claremont McKenna College in California, Murty worked for Deloitte and Unilever. She then completed her MBA from Stanford University, where she met Rishi Sunak.

In 2007, she started her fashion label, Akshata Designs. The brand, however, collapsed within three years. In 2013, she founded the venture capital fund Catamaran Ventures, along with Rishi Sunak. He later sold his shares to Murty when he became the MP for Richmond in 2015.

Stake in other ventures

Murty is also a shareholder in at least six other companies including Wendy’s restaurants in India and New & Lingwood, and celebrity chef Jamie Oliver’s Pizzeria, Jamie's Italian and more.

Real Estate Assets

Rishi Sunak and Murty own an estimated $20 million worth of real estate around the world, as per Celebrity Net Worth . Their primary residence was a mansion in Kensington, West London. The 5-bedroom home is worth $10 million.

They also have an estate in North Yorkshire, England called the Kirby Sigston Manor. They had bought the manor for $1.8 million (£1.5 million) in 2015. In California US, they own a $7 million penthouse apartment in the beachside community of Santa Monica.

Social Media Following

Personal life.

Murty and Sunak got married within four years after they met at Stanford University. Married since 2009, the couple has two daughters, Krishna and Anoushka.

How old is Akshata Murty?

Akshata Murty is 43 years old.

Is Akshata Murthy richer than King?

Rishi Sunak and Akshata Murty are arguably the richest occupants of the 10 Downing Street and their net worth exceeds the net worth of British Monarch King Charles III.

What is Akshata Murty’s net worth?

Akshata Murty has an estimated net worth of $641 million (£529 million), as per The Times UK.

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VC firm founded by Rishi Sunak’s wife Akshata Murty to shut down

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Catamaran Ventures UK, an investment firm founded by Akshata Murty, wife of Prime Minister Rishi Sunak, will shut down, according to company filings.

The VC firm’s most recent filing on Companies House shows that the directors have decided to “liquidate the company”. The wind down was first reported by The Times .

The company was co-founded in 2013 by Sunak and Murty as the British arm of her father’s India-based VC Catamaran Ventures. Sunak stepped down as director in April 2015, shortly before he was elected as an MP.

The most recent balance sheet for Catamaran Ventures UK put the value of its investments in 2022 at £3.8m, an increase from the £3.5m from 2021.

The filings also revealed that its cash holdings fell from just below £400,000 in 2021 to £21,890 in 2022.

Catamaran Ventures UK has been criticised in the past due to its portfolio firms receiving tax-funded grants.

Labour leader Sir Kier Starmer this year called out Sunak and Murty after Study Hall, an edtech startup backed by Catamaran, received close to £350,000 from Innovate UK, a publicly funding body.

Starmer said in May that there are “questions to answer in relation to this” and that there appeared to be an “emerging pattern of behaviour here”.

The now-collapsed education startup Mrs Wordsmith, also backed by Catamaran, received £650,000 in funding from the Future Fund, a government scheme launched during Sunak’s time as chancellor.

UKTN has contacted Catamaran Ventures and Downing Street for comment.

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Narayana Murthy’s Catamaran Venture buys 1.12% stake in Gokaldas Exports

Gokaldas exports is one of the largest manufacturer and exporter of apparels in india, with annual turnover of $200 million.

In the past one month, the stock of Gokaldas Exports has surged 11.4 percent as against 1 percent decline of the Sensex benchmark during the same period

Venture capital firm Catamaran Ventures LLP, led by Infosys cofounder NR Narayana Murthy, bought a 1.12 percent stake in apparel manufacturer Gokaldas Exports , revealed the company’s shareholding data by the end of September. Catamaran Ventures owned around 6.7 lakh equity shares in Gokaldas Exports, which is worth over Rs 57 crore (as per October 12 closing price).

On October 12, around 5 lakh shares exchanged hands at both the exchanges, as against 4 lakh shares on a-month average basis.

Follow live blog for all the market action

In the past one month, the stock of Gokaldas Exports has surged 11.4 percent as against 1 percent decline in the Sensex benchmark during the same period. Earlier, the stock had hit 52-week high of Rs 883 per share on August 30, 2023.

Gokaldas Exports is one of the largest manufacturer and exporter of apparels in India, with annual turnover of $200 million. Through its retail subsidiary ‘The Warehouse’ – the company sells garments to the Indian retail market through offline channels.

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With more than 22 manufacturing facilities, the company is gearing up for further expansion. Some of the company’s key clientele include international brands like GAP, H&M, Adidas, PUMA and ZARA.

Also Read:  A good yarn: Gokaldas Exports’ story of success likely to continue

Catamaran Ventures has made investments across high-growth sectors like e-commerce, technology, financial services, healthcare, and education. Some of their latest investments, as per their company’s website, included SpaceX, Reddit, Loco, Udaan, Paper Boat, among several others.

In the June-ended quarter of fiscal year 2023-24 (Q1FY24), the Gokaldas Exports’ consolidated net profit declined 17.4 percent year-on-year (YoY) to Rs 32.5 crore from Rs 39.4 crore, in the year-ago period due to drop in exports to the US and European nations. The company’s consolidated revenue, too, saw a decline of 15.7 percent YoY to Rs 514 crore in Q1FY24.

That apart, earnings before interest, tax, depreciation, and amortisation (Ebitda) fell 16.7 percent YoY to Rs 60.2 crore in Q1FY24, while Ebitda margins contracted by 10 basis points (bps) YoY to 11.7 percent.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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Meet Neeraj Kakkar: The man who is leading Narayana Murthy funded Hector Beverageas that manufactures Paper Boat; know about his journey, career, and net worth

The brand aimed to reintroduce traditional indian beverages into a contemporary setting with their quirky packaging and unique flavours..

Summers in India can be quite harsh, with the scorching heat, the humidity, and the pollution, making us constantly crave cool, refreshing drinks. And bottling up our favourite summer drinks to enjoy on the go is Paperboat. Launched by Hector Beverages in 2013, this brand has over the years emerged as one of the leading brands and an absolute favourite. Paperboat bottles up nostalgia in the form of drinks and the man who co-created this brand and leads it is Neeraj Kakkar. Paperboat teleports you to your childhood summer days in an instant.

Neeraj Kakkar, Neeraj Biyani, Suhas Misra, and James Nuttall established Hector Beverages in 2009. The business’s first item was a protein beverage called Frissia, then in 2011, the energy drink brand Tzinga was introduced.

Heading Hector Beverages- Neeraj Kakkar

Neeraj Kakkar who now heads the brand, completed his diploma from the Management Development Institute, Gurgaon and went to the Wharton School to pursue an MBA. He began his corporate journey with Coca-Cola as a General Manager. After 6 years, he exited and started his own venture, Hector Beverages.  

The business introduced Paper Boat, a fruit pulp-based beverage brand, in March 2013 and moved its attention to the traditional flavoured drinks market . The brand aimed to reintroduce traditional Indian beverages into a contemporary setting with their quirky packaging and unique flavours.

The story behind Paper Boat

The idea of commercializing traditional drinks to create the brand came to Misra when, at a previous workplace, his mother would pack a flask of aam panna for him to drink. And the idea of bottling up these drinks for commercial profits came to him as they were discussing business ideas, he reached for the flask and had the epiphany to commercially create traditional Indian drinks that weren’t yet accessible on the market. And thus, Paper Boat was conceived.

In an exclusive interview with Forbes, while talking about the brand’s beginnings, Kakkar said “We have this thing every day, we love it and it’s not available anywhere. So why not launch it?” He asserted “Functional beverages are growing and will grow in India also. But instead of replicating the West, Indian functional beverages are the way to go for us.”

They started testing the product in March 2013 and haven’t looked back since. In various major metropolises and small towns, Paper Boat’s well-known aam panna, aamras, jaljeera ,and kokum packages line the shelves of department stores and neighbourhood kiranas. They are also available as a beverage choice on flights and trains. The company has had steady three-digit percentage growth and is currently valued at more than $100 million as per Forbes 2016.

When co-founders Misra and Nuttall left the company in 2014 and 2015, respectively, leaving Kakkar and Biyani in charge, the company underwent a few organisational adjustments but has overcome the hindrances and remained profitable.

Aam Ras and Anar, two of Paper Boat’s most well-known beverages, were introduced in 500 ml Tetra Prisma Aseptic (TPA) packets in 2016, in an effort to increase household consumption of the brand. When the company expanded its selection in 2017 and introduced its beverages in 1 litre Tetra Prisma Aseptic cartons, the 500 ml packets were phased out. The brand’s exposure to the multi-serve sector was increased by this action.

In 2016, Paper Boat entered the traditional cuisine market by releasing the Indian snack peanut chikki. Paper Boat Foods strives to give ethnic Indian snacks in modern, contemporary packaging while adhering to the main brand idea.

Paper Boat net worth

Catamaran Ventures, which is run by N.R. Narayana Murthy, Footprint Ventures, and Sequoia Capital, among other investors, provides funding for the business. The parent business of Paper Boat, Hector Beverages, had a 35% growth in total sales in the fiscal year that ended on March 31, 2022. Total income for the startup funded by GIC increased by 1.3X to Rs 331 Cr in FY22 from Rs 244.9 Cr in FY21, as per Inc42 media.

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Nr narayana murthy’s catamaran ventures in talks to pick up stake in udaan.

A minority stake in Udaan will give NR Narayana Murthy’s Catamaran Ventures a foothold in India’s B2B e-commerce space dominated by IndiaMart, JioMart, Amazon Business and Flipkart. It is currently a majority shareholder in Cloudtail, the biggest seller on Amazon India.

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• Perspectives

Mr. Narayana Murthy

Founder and chairman emeritus.

Mr. Murthy is a globally-respected entrepreneur and founder of Infosys Limited (NYSE: INFY). He founded Infosys in 1981. Infosys is, today, a highly-innovative software services global company listed on NYSE in the US and on the Bombay Stock Exchange in Mumbai with US$ 14 billion in revenue and about US$ 95 billion in market capitalization. In 2014, Mr. Murthy was ranked 13th among CNBC’s 25 global business leaders and was listed among the ‘12 greatest entrepreneurs of our time’ by Fortune magazine in 2012. He received the Legion d’honneur from France, CBE from Britain and Padma Vibhushan from India. The Economist ranked him among the 10 most-admired global business leaders in 2005. He is the first Indian winner of Ernst and Young’s World Entrepreneur of the Year award. Currently, Mr. Murthy serves on the boards of the Institute for Advanced Study at Princeton, New Jersey and the United Nations Foundation. He has served on the boards of Ford Foundation in New York, HSBC and Unilever in London.

MD Ranganath

Mr. Ranganath has over 32 years of experience in the Global IT services and financial services industry. He is currently Chairman of Catamaran Ventures, a global investment management firm which plays a key role as a catalyst in venture capital, private equity and public markets. As Chairman, Ranga oversees the effectiveness of the firm’s investment strategy, governance processes and alignment with the firm’s vision. He was Chief Financial Officer of Infosys Limited, a globally listed corporation, till November 2018. During his tenure of 18 years at Infosys, he was an integral part of the growth and transformation of Infosys and effectively played leadership roles in a wide spectrum of areas such as Strategy, Finance, M&A, Consulting, Risk Management and Corporate Planning culminating in the role of Chief Financial Officer and worked closely with the Board of Infosys and its Committees in formulating and executing its strategic priorities. In the years 2017 and 2018, Mr. Ranganath was the recipient of the Best CFO Asia award in the technology sector, by Institutional Investor publication, based on a poll of buy side and sell side investor community. Prior to Infosys, he worked at ICICI Limited and executed responsibilities in corporate credit, treasury, equity portfolio management and corporate planning. Mr. Ranganath is a PGDM from IIM Ahmedabad. He holds a Master's degree in Technology from IIT Madras and a Bachelor’s degree in Engineering from the University of Mysore. He is a member of CPA, Australia. Mr. Ranganath is an independent director on the board of HDFC Bank and on the board of Indian Institute of Management, Bangalore. He is a member of CII corporate governance council and GIFT city’s advisory committee on funds management.

Deepak Padaki

As President of Catamaran, Deepak is responsible for driving the overall performance of the firm’s portfolio by formulating and executing its investment strategy, asset allocation, operational and risk management policies and processes. Deepak has over 30 years of experience in the global IT services and software product industry. He was Executive Vice President, Group Head of Strategy, and Chief Risk Officer at Infosys Limited (NYSE: INFY) until June 2022. He played various roles at Infosys – including strategy, M&A, venture funding, risk management, business development, software engineering, and project management. Deepak was a member of the board of Infosys’ software subsidiaries in Israel, the Netherlands, USA, Japan, and India. He was the Vice President of the Indo-Australian Chamber of Commerce, a lead member of the start-up and knowledge management councils of the Confederation of Indian Industry, and a member of the strategy and risk officers’ councils of the World Economic Forum. In his spare time, he is active in community theatre. Deepak holds a Bachelor of Engineering degree in Computer Science from the University of Mysore, India.

Investments

Rounak agarwal.

Rounak joined Catamaran in 2012 and leads the firm's public markets portfolio. He has worked as an analyst across all asset classes at Catamaran. As part of a secondment, Rounak played a leading role in the sales organisation of an associate company that provides automation products and services to Fortune 500 companies. Before joining Catamaran, Rounak was a sell-side analyst tracking the banking, financial services and insurance sector for CRISIL (Irevna) and Standard Chartered. He is a Chartered Financial Analyst.

Sheetal Bhat

Sheetal joined Catamaran in 2011 and works closely with the firm’s strategic partnerships and private equity portfolio, participating in key investment, strategic and operational decisions. She also oversees the finance and compliance function at the firm. Before joining Catamaran, Sheetal was a research analyst at Goldman Sachs covering the India banking, financial services and insurance sector. She also completed a brief stint as a research consultant at Song Fund. Sheetal is a Chartered Accountant rank holder and a Chartered Financial Analyst.

Karthik Swaminathan

Karthik joined Catamaran in 2016 and works on investment opportunities across all asset classes. Before joining Catamaran, Karthik worked at MXV Consulting and HSBC’s investment banking division. Karthik completed his MBA from IIM Indore, where he was a gold medalist, and holds a bachelor’s degree in mechanical engineering from BITS Pilani, Goa.

Jennifer O'Brien

Jennifer joined Catamaran in 2020 and works on global investment opportunities across asset classes. Before joining Catamaran, Jennifer led business development at Soroco, a Boston-based enterprise AI company, and co-founded Scroll.in, one of India’s largest digital-only media companies. Jennifer holds a bachelor’s degree from Harvard University and a master’s degree from the University of Cambridge.

Udit Bokaria

Udit joined Catamaran in 2016 and works on investment opportunities across asset classes. Udit has also worked as Head of Operations as part of a secondment to a Catamaran portfolio company. Before joining Catamaran, Udit worked as a high-yield and junk bond analyst at Goldman Sachs. Udit completed his MBA from IIM Indore and holds a bachelor’s degree in technology from IIT Kharagpur.

Chirag Jain

Chirag joined Catamaran in 2020 and works on investment opportunities across asset classes. Before joining Catamaran, Chirag worked as an equity analyst at Goldman Sachs. Chirag completed his MBA from IIM Calcutta and holds a bachelor’s degree in electronics from BITS Pilani, where he was honoured as the top graduating student in his batch.

Suraj joined Catamaran in 2022 and works on investment opportunities across asset classes. Before joining Catamaran, Suraj worked as an analyst at Kotak Investment Bank (Technology, Media and Telecommunications division) and Data Scientist at Anheuser-Busch InBev. Suraj holds his Bachelor's degree in Chemical Engineering from IIT Bombay where he was a department rank holder. He has cleared CFA level 2

Finance and Compliance

Gerin valamchery.

Gerin joined Catamaran in early 2020 and leads finance, compliance and internal reporting. He is also actively involved in portfolio monitoring and analysing investment performance. Before joining Catamaran, Gerin worked at Infosys for over 11 years where he steered a team of 30 chartered accountants managing the finance operations of a FTSE 100 private equity client with an AUM of £13bn. Gerin is a Fellow Member of ACCA, UK.

Shruthi joined Catamaran in 2012 and is responsible for accounting, audit, statutory compliance and investment operations. Shruthi holds a bachelor’s degree in commerce from Bangalore University and has completed her Chartered Accountant Intermediate.

Varsha Prakash

Varsha joined Catamaran in 2019 and supports the team’s accounting, audit, statutory compliance and investment operations. Varsha holds a bachelor’s degree in commerce from Bangalore University and has completed her Chartered Accountant Intermediate.

Pooja Prabhu

Pooja Prabhu joined Catamaran in 2016 and executes functions across accounts, audit and statutory compliance. Pooja holds a master’s degree in commerce.

Lokamba joined Catamaran in 2022 and is responsible for accounting and finance.. She is actively involved in audit, statutory compliance and monthly reporting. Lokamba holds a masters degree in business administration and has work experience in finance for about 15 years. She is a singer and has previously worked as a RJ.

Chief of Staff

Ag panduranga.

Panduranga, or Pandu, has been working with Infosys since 1990. At Infosys, he served as Mr. Murthy’s secretary from 1994 to 2014. He continues to directly support Mr. Murthy at Catamaran. Further, Pandu oversees all operational activities at Catamaran including facilities, infrastructure, systems and processes.

Ganapathy TB

Ganapathy is an ex-serviceman who has rendered 17 years of service in the Indian Army. After an early retirement from the Army he joined Infosys in 1998 and was responsible for physical security until 2014. Since then, he has been the Head of Physical Security at Catamaran.

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CATAMARAN VENTURES UK LTD

Company number 08561424

• Company Overview for CATAMARAN VENTURES UK LTD (08561424)
• Filing history for CATAMARAN VENTURES UK LTD (08561424)
• People for CATAMARAN VENTURES UK LTD (08561424)
• Insolvency for CATAMARAN VENTURES UK LTD (08561424)
• More for CATAMARAN VENTURES UK LTD (08561424)

Next accounts made up to 31 December 2023 due by 30 September 2024

Last accounts made up to 31 December 2022

Confirmation statement

Next statement date 7 June 2024 due by 21 June 2024

Last statement dated 7 June 2023

Nature of business (SIC)

• 64999 - Financial intermediation not elsewhere classified