Alternative Investment Policy Advisory Committee (AIPAC)

#	Members Details	Capacity
1	Mr. N.R. Narayana Murthy Founder, Infosys Limited	Chairperson
2	Mr. Rajesh Panwar Joint Director, DEA, Ministry of Finance	Member
3	Mr. Srinivasan Varadarajan Non-Executive Chairman, Union Bank of India	Member
4	Mr. Sivasubramanian Ramann Chairman and Managing Director, Small Industries Development Bank of India (SIDBI)	Member
5	Mr. Sanjiv Chadha Former Managing Director and CEO, Bank of Baroda	Member
6	Mr. Rajiv Dhar Managing Director & CEO, National Investment & Infrastructure Fund (NIIF)	Member
7	Mr. Gopal Srinivasan Chairman and Managing Director, TVS Capital Funds Limited	Member
8	Mr. Gopal Jain Co-Founder, Managing Partner, Gaja Capital	Member
9	Mr. Vipul Roongta Managing Director & CEO, HDFC Capital Advisors	Member
10	Mr. Manish Jain Managing Director, Ares SSG Capital Management Pvt Ltd	Member
11	Mr. Naresh Kothari Managing Partner, Alpha Alternatives Fund Advisors LLP	Member
12	Mr. Siddharth Pai Founding Partner & CFO, 3one4 Capital	Member
13	Mr. Sanjeev Vaidyanathan Founder - Partner, Eternity Capital LLP	Member
14	Mr. Vaidya Nathan K Faculty Director-PGP Finance, Indian School of Business	Member
15	Mr. Karthik Reddy Chairperson, Indian Private Equity & Venture Capital Association (IVCA)	Member
16	Mr. Saurabh Jhalaria Member, Equalifi	Member
17	Mr. Mahavir Lunawat Director, Association of Investment Bankers of India (AIBI)	Member
18	Ms. Deepa Rath Member, Trustee Association of India	Member
19	Mr. Gautam Mehra Partner, PwC	Member
20	Mr. Tejesh Chitlangi Senior Partner, IC Universal Legal Advocates & Solicitors	Member
21	Mr. Harsh Roongta Board Member, Association of Registered Investment Advisors	Member
22	Mr. Amit Tandon Founder and Managing Director, Institutional Investor Advisory Services	Member
23	Mr. Arun Natarajan Founder & Managing Director, Venture Intelligence (TSJ Media Pvt Ltd.)	Member
24	Mr. B Rajendran Executive Director, SEBI	Member
25	Ms. Aparna Thyagarajan Chief General Manager, SEBI	Member Secretary

Terms of reference of the Committee:

The terms of reference of the Alternative Investment Policy Advisory Committee are as under:

I. To advise SEBI on issues related to the further development of the alternative investment and start-up ecosystem in India.

II. To advise SEBI on any hurdles that might hinder the development of the alternative investment industry under its purview.

III. To advise SEBI on any market practice in the nature of abuse/misuse or any market development, which requires regulatory intervention or attention.

IV. To advise SEBI on any issues which need to be taken up with other regulators for development of the alternative investment industry.

V. Any other item relevant to alternative investment industry and development of the start-up ecosystem in India.