Management Team
Carl Saldanha, Chairman

Carl is the Chairman of Yen Capital. Prior to joining Yen Capital, he was the global CFO of First Source Solutions, a leading BPO services and solutions provider. In the past, he has held several senior positions in large Indian and International companies. He was the Chief Financial Officer of Jet Airways, the largest airline company in India. At Jet, he was instrumental in completing the company’s local IPO of USD 450 million, raising debt of over USD 2.5 Billion, acquisition of Sahara Airlines (USD 400 Million). He also introduced Fuel Hedging and Risk Management practices for Foreign Exchange and Interest Rates.

Prior to Jet, he was the Country Head – Corporate Banking at Deutsche Bank and Director on the board of Deutsche Asset Management. At Deutsche Bank, he successfully realigned the bank’s strategy in India to focus on large Corporations and Institutions.

He has also held the position of Chief Financial Officer in Essar Oil Limited, an Indian integrated oil and gas company, part of the Essar group.

Carl has also held several key positions at The Chase Manhattan Bank including Asia Pacific Area officer, Vice President & Manager Corporate Finance and Country Manager (India, Sri-Lanka, Bangladesh, Nepal, Maldives).

He specializes in arranging large amounts of capital, managing IPOs and in particular risk management through derivatives with an industry focus on Oil, Telecom and Infrastructure He holds B.Tech from the Indian Institute of Technology, Mumbai and an MBA from the AIM, Manila.

Sunil Shirole, Managing Director and CEO

Sunil has more than 24 years experience in the field of Banking & Finance. He is the Promoter-Managing Director & Chief Executive Officer of YEN Capital Advisors Pvt. Ltd. – a boutique investment banking advisory company. He started his banking career with Citibank N.A. in their Consumer Services Group in India. Thereafter, he moved to Standard Chartered Bank where he helped launch personal banking in India.

In 1997, he joined Deutsche Bank AG and held several senior positions. He was the Head Private Banking for Western India, Country Head India - Financial Resources Group; Chief Representative and Head Global Banking, Eastern India and Senior Vice President responsible for corporate and investment banking. He has also served on the Asset Liability Committee (ALCO) at Deutsche Bank. He is responsible for raising more than US$ 500 Million in the International bonds markets. He was also involved with several landmark M&A transactions such as the Bharat Forge acquisition of CDP Germany and Unilever acquisition of Rossel Tea.

A Corporate Finance specialist, his areas of expertise include debt and equity syndication, private equity, international listings, mergers & acquisitions and credit and transaction structuring. His sector specialization is in Renewable Energy, Healthcare, Real Estate and Education. He is on the Board of Directors of Chowgule Construction Chemicals, Clark & Kent and the Symbiosis School of Banking Management.

He holds a BA (Economics) from the Fergusson College, University of Pune and an MBA from the Symbiosis Institute of Business Management.