Key Takeaways
- • Avendus Capital appointed Nilesh Dedhi as managing director and head of private credit on Thursday, November 13, 2026, as the group plans to expand its private credit franchise.
- • The private credit business has completed 100 transactions with a cumulative value of more than Rs 20,000 crore, according to co-founder Kaushal Aggarwal.
- • Avendus aims to build its private credit platform into one of the largest in India, spanning origination, structuring, investment and syndication.
- • Shuja Siddiqui was named chief executive officer of Avendus Finance, the group's non-bank lending arm focused on loans against shares.
Summary
Avendus Capital has appointed Nilesh Dedhi as managing director and head of private credit, the financial services group said in an official statement on Thursday, November 13, 2026. The appointment comes as the firm looks to expand its deal business, which has completed 100 private credit transactions with a cumulative value of more than Rs 20,000 crore to date.
Co-founder Kaushal Aggarwal said the group aspires to build the private credit franchise into one of the largest private credit platforms in India. The mandate spans origination, structuring, investment and syndication, positioning the platform across the full lifecycle of credit deals rather than only as a lender.
In a related move, the group named Shuja Siddiqui as chief executive officer of Avendus Finance, its non-bank lending arm. Avendus Finance focuses on loans against shares, a segment that is closely watched by institutional investors given its exposure to market-linked collateral.
The leadership changes signal a push to deepen the group's credit capabilities in India, with dedicated leadership now in place for both the private credit platform and the non-banking lending business.
Co-founder Kaushal Aggarwal said the group aspires to build the private credit franchise into one of the largest private credit platforms in India. The mandate spans origination, structuring, investment and syndication, positioning the platform across the full lifecycle of credit deals rather than only as a lender.
In a related move, the group named Shuja Siddiqui as chief executive officer of Avendus Finance, its non-bank lending arm. Avendus Finance focuses on loans against shares, a segment that is closely watched by institutional investors given its exposure to market-linked collateral.
The leadership changes signal a push to deepen the group's credit capabilities in India, with dedicated leadership now in place for both the private credit platform and the non-banking lending business.
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