Mumbai, 19 October 2020: Essar Capital Ltd, the investment manager of Essar Global Fund Ltd, announced the appointment of Mr Sanjay Palve as Senior Managing Director. He will play a key strategic role in managing the banking and finance functions of Essar Capital’s investment portfolio across the sectors of Energy, Infrastructure, Metals & Mining, and Services & Technology.
“We have decisively embarked on a new path of investment-led growth. We are looking to Sanjay to lead it from the front. I extend a very warm welcome to him and his family to the Essar Family,” said Mr B C Tripathi, Non-Executive Chairman, Essar Exploration & Production, and Board Member, Essar Oil UK.
“I believe that Essar is at an inflection point. It is always exciting to be a part of new beginnings. I am really looking forward to this journey, said Mr Sanjay Palve.
A seasoned professional with more than 22 years of experience in building and leading large financial businesses across wholesale and retail segments, Mr Palve is an expert in capital raising, debt management, and corporate banking and has held leadership positions at ICICI Bank and Bharat Petroleum Corporation Limited.
About Essar Capital Ltd:
Essar Capital Limited (“Essar Capital”) is the investment manager of Essar Global Fund Limited (“EGFL”). It monitors and manages the entire portfolio of investments owned by EGFL.
EGFL is a global investor, owning a number of world-class assets diversified across the core sectors of Energy (comprising Exploration & Production, Refining & Marketing and Power businesses), Infrastructure (comprising Ports and Stanlow Terminals), Metals & Mining, Services & Technology (comprising Shipping, Oilfield services, Projects, Technology Solutions, Device protection and Customer experience). EGFL invests long-term capital into the portfolio companies and holds near 100% stake in all its investments. EGFL invests with a sense of active ownership, which involves direct engagement with the management of the respective businesses. The portfolio companies have aggregate revenues of about USD 14 billion and employ over 7,000 people.
Manish Kedia, Senior Vice President – Corporate Affairs, Essar
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