Caspian Debt Branch Elevates Avishek Gupta to Managing Director, CEO

Caspian Debt, the lending arm of impact investment firm Caspian Impact Investment Adviser, has announced the elevation of Avishek Gupta to the role of Managing Director and CEO.

Gupta joined Caspian as an investment manager in 2014 and has played different roles. Previously, he worked for two years at a financial services platform, Northern Arc Capital. Since 2019 he has been associated with Dvara Trust which is a private trust as a trustee and member.

Meanwhile, Caspian Debt founder S Viswanatha Prasad has taken on his new role as chairman of the board.

“I am happy to hand over the reins of the Caspian debt to Avishek Gupta, who has been with us for over seven years. As Chief Investment Officer, Avishek spearheaded our foray into new industries, products and placed data and technology at the heart of our growth and risk management, ”said Prasad.

Gupta brings with him several years of financial services experience and has been instrumental in setting up Caspian’s startup and social enterprise lending business.

Narayan Ramachandran has chaired the board of Caspian Debt for three years and will continue to be a member of the board of directors and chairman of the audit committee.

Caspian Debt is a digital business lending company providing personalized debt solutions to professionally managed small and medium businesses and start-ups founded by first generation entrepreneurs. The company was formed to fill the gap in non-dilutive financing available to first generation entrepreneurs.

Over the past eight years, Caspian has disbursed more than Rs 2,000 crore to more than 170 businesses, supporting the creation of more than 51,000 jobs, the company said in a statement.

Last year, Caspian Debt partnered with Chennai-based social business incubator Villgro to provide debt solutions to impact-driven startups.

In May 2020, Caspian Debt raised $ 20 million (Rs 151.14 crore at current exchange rates) in long-term debt from the US International Development Finance Corporation (USIDFC), a branch of the US government which funds impact-oriented projects.

In June 2021, Caspian Impact Investment informed VCCircle of the launch of its fifth fund. Previously, he had invested in Moneyboxx Finance Ltd, a non-bank financial company focused on small and medium-sized businesses, as well as other investors.

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