Avendus Group Appoints Karan Sharma as Head of Investment Banking

Sharma takes over from Gaurav Deepak, Avendus Group's co-founder and CEO, who has been leading the investment banking division for several years. Previously, Sharma served as Managing Director and Co-Head of Digital, Technology, and Consumer Investment Banking.

The promotion comes shortly after Japan's Mizuho Securities agreed to acquire a majority stake of more than 60% in Avendus in December 2025, allowing KKR and other investors to exit their investments.

Avendus said the leadership transition will provide dedicated leadership for its investment banking business while allowing Deepak to focus on the group's broader strategic priorities. Having spent 15 years at Avendus, Sharma played a key role in building the firm's digital and technology investment banking practice. In his new role, he will lead the division's strategy, growth initiatives, and institutional capabilities.

“As Avendus grows in scale and ambition, we have reached a point where the next phase of growth requires dedicated leadership for our investment banking franchise,” Deepak said.

He said Sharma was the obvious choice for the role because of his strong leadership, good relationships with clients, ability to build teams, and long experience with the firm.

“With Karan taking on this responsibility, I will be able to focus more fully on the firm’s broader strategic priorities, deepen engagement with our clients, and help shape the next phase of growth for Avendus,” Deepak added.

Sharma said he was taking over the investment banking business at an exciting time in Avendus’ growth and development.

“As we look ahead, my focus will be on strengthening client partnerships, deepening our sector expertise and reinforcing Avendus’ position as the trusted advisor to India’s most ambitious businesses,” he said.

Founded in 1999 by Deepak, Ranu Vohra, and Kaushal Aggarwal, Mumbai-based Avendus began as an online platform that helped connect entrepreneurs with investors. Over the years, the company expanded its services and evolved into a full-service financial institution.

Today, Avendus is a major player in India's technology and startup ecosystem, providing investment banking, wealth management, credit solutions, and other financial services to businesses and investors.

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