Dhiren Kulkarni
Investment Banking, Corporate Development / M&A and Strategy
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About
15+ years of experience in Investment banking, Corporate Development / M&A and Strategy | Ex- TVS Motor Company, Mahindra and Future Group | Executed 20 domestic and cross-border transactions with aggregate value exceeding Rs 4,000 Crs | Sectors: Manufacturing, Emerging Tech, Defense and Consumer. Led End to End Transactions across India and Europe – Deal size Rs 10 Crs – Rs 800 Crs.
Experience
Independent Strategic Investments Advisor - Independent Strategic Investments Advisor
(2025-06)
Advising family office developing investment thesis, investments, transaction evaluation, portfolio advisory, due diligence and investment execution across growth-stage opportunities.
General Manager - TVS Motor Company - Bangalore
(2023-03 - 2025-05)
- End to end deal management included creating pipeline, managing advisors, leading teams and negotiating with founders.
- Partnered with business leaders to formulate inorganic growth strategy, evaluate strategic opportunities and optimise portfolio composition across TVS Motor and its subsidiaries.
- Led capital allocation initiatives including acquisitions, strategic investments and divestments aligned with long-term business priorities.
- Developed investment thesis, sector landscapes and target evaluation frameworks across mobility, 3W EV ecosystem, automotive accessories and adjacent technologies.
- Built Board and Investment Committee materials to support strategic decision-making.
Principal - Singularity Holdings - Mumbai
(2021-02 - 2023-03)
- Evaluated and executed minority growth investments across consumer, lifestyle and wellness sectors. Responsibilities included opportunity sourcing, investment thesis development, competitive assessment, valuation, due diligence, term sheet negotiation and transaction execution.
- Supported portfolio value creation through strategic planning, fundraising support, performance monitoring and management engagement across portfolio companies including Bombay Shirt Company, O'cean Beverages, Arrivae and StayVista.
Senior Manager - Future Group - Mumbai
(2010-12 - 2020-09)
- Progressed from investment analyst to leading acquisitions across consumer and retail sectors. Evaluated 50+ opportunities annually and partnered with business leaders to identify category gaps, originate acquisition opportunities and build new businesses through inorganic growth.
Assistant Manager, Investment Banking Division - Investment Banks (Singhi Advisors and IDBI)
(2007-09 - 2010-12)
- Responsibilities included cross border network development, execution & assistance in deal closure, liaising with various PE firms and building key relationships with leading Industry players.
Business Analyst, Investment Banking (IB) - Genpact, Gurgaon (India) / Wachovia Bank (Charlotte – US)
(2006-02 - 2007-08)
- Part of Aerospace and defense team of Investment Banking Unit of Wachovia Bank.
Education
Certification - Advanced Corporate Strategy - Indian Institute of Management, Bangalore (2019)
PGDBM - Finance - Chetana Institute of Management (2005)

