Goldman Sachs appoints Sudarshan Ramakrishnan and Devarajan Nambakam as co-heads of its Investment Banking business in India.
In their new roles, Ramakrishnan and Nambakam will oversee the strategic direction of Goldman Sachs’ investment banking activities, aiming to foster growth across various sectors.
They will report directly to Sonjoy Chatterjee, who serves as chairman and CEO of Goldman Sachs’ operations in India.
Chatterjee emphasized India’s status as a prime growth opportunity, describing it as among the most dynamic markets globally. He highlighted the firm’s commitment to leveraging its global expertise, resources, and network to deliver superior advisory, service, and execution capabilities to clients amidst the evolving needs of India’s expanding economy.
Goldman Sachs has also appointed Sunil Khaitan as Managing Director and Head of Financing in India, joining the Investment Banking team. He will work alongside Kailash Soni, head of ECM, to expand equity-linked and debt solutions for clients.
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Sudarshan Ramakrishnan, previously co-CIO of Investment Banking in India, has extensive experience managing clients in Technology, Media & Telecom, and more. He has also been part of the M&A team in the Asia Pacific region.
Devarajan Nambakam, formerly co-COO of Investment Banking in India, has a strong background in servicing clients in Financial Sponsors, Natural Resources, Healthcare, and Infrastructure sectors.
Goldman Sachs predicts India will sustain over 6% annual growth until 2030, driven by favorable demographics. They anticipate a 14% CAGR in earnings growth over the next five years, emphasizing capital investment as a key driver of India’s economic expansion.
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