The Oman India Joint Investment Fund – Management Company (OIJIF) has announced the appointment of Satish Chavva as its new Chief Executive Officer (CEO), effective April 1, 2025. The private equity firm, jointly promoted by the Oman Investment Authority (OIA) and the State Bank of India (SBI), made the decision following a rigorous search for a leader to guide the company through its next phase of growth, the company said in a press release.
Chavva, who brings over two decades of experience in private equity and investment management, previously held various leadership roles at British International Investment (BII), the UK’s development finance institution. Notably, he led Direct Private Equity for South Asia at BII, managing investments across a wide array of sectors. He also has a significant history with OIJIF, having served as the firm’s Director of Investments from 2016 to 2022.
Before his tenure at BII, Chavva worked at Citi Group for over nine years, including in its private equity division, Citi Venture Capital International (CVCI). He also gained valuable experience at The Rohatyn Group, a New York-based investment firm, where he served as Investment Director.
Chavva’s academic credentials include a Bachelor of Technology from IIT Bombay, a Master of Science in Computational and Applied Mathematics from the University of Texas, and an MBA from INSEAD. His deep knowledge of OIJIF and the investment landscape, combined with his hands-on experience, makes him well-suited to steer the fund toward its ambitious goals.
“I am honoured to join as CEO at OIJIF, an organisation with a long history of success in the mid-market private equity space in India,” Chavva said in a statement. “I look forward to collaborating with the team and Board to drive strategic growth, create value for our investors, and support the long-term success of our portfolio companies.”
The announcement comes at a significant time for OIJIF, which has recently received regulatory approval to launch its third fund, Oman India Joint Investment Fund III (Fund III). With a target fund size of USD 250 million, Fund III will focus on investments across sectors including consumer goods, financial services, healthcare, niche manufacturing, and technology.
Chavva’s appointment is expected to strengthen OIJIF’s investment strategy, which has already seen notable successes. The firm’s portfolio includes well-known companies like Stanley Lifestyles, Divgi TorqTransfer Systems, Annapurna Finance, and Senco Gold, among others. OIJIF has also achieved impressive exits, including five successful IPOs from its second fund.