Mumbai, Maharashtra, India, May 2026 – Kushagra Kumar has been promoted to Managing Director at Axis Capital Ltd., marking a significant milestone in his investment banking career. In his expanded role, he will continue to lead the BFSI Investment Banking franchise, driving strategic advisory across private equity, IPOs, and M&A transactions.
Kushagra Kumar has been associated with Axis Capital Ltd. for over two years, most recently serving as Executive Director & Head of BFSI Coverage, where he played a key role in building a strong investment banking platform spanning deal sizes from mid-market transactions to billion-dollar mandates. His leadership has contributed to strengthening Axis Capital’s position across the full deal spectrum, including PE growth deals, IPOs, and mergers & acquisitions.
Prior to joining Axis Capital, he served as Director – Investment Banking at Avendus, where he advised clients on complex transactions and capital-raising strategies in the financial services space.
Earlier, he spent over eight years with EY, where he held roles including Director and Vice President – Transaction Advisory Services, advising corporates on M&A, fundraising, and restructuring initiatives while leading execution of large-scale deals.
He began his investment banking journey at JM Financial, where he was involved in public market transactions, private equity deals, and M&A advisory within the financial institutions group. He also gained early exposure through a summer role at Bank of America, working within the Corporate & Investment Banking division.
Kushagra Kumar holds an MBA in Finance, Economics, and Strategy from Indian Institute of Management Ahmedabad, one of India’s premier business schools.
Axis Capital Limited is one of India’s leading financial services firms, known for its expertise in investment banking, institutional equities, and capital markets. With a strong legacy built through the integration of Axis and ENAM Securities, the firm offers deep insights into business potential and delivers value through strategic advisory and execution excellence for corporate and institutional clients.
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