Tushar leverages over 19 years of prior experience in investment banking and blended-finance-focused strategy consulting. Previously, an Associate Partner at Dalberg, Tushar co-led the development finance & investment practice and also led work in the city’s space. As Dalberg, he worked with a variety of clients including social enterprises, large corporations, philanthropic donors, non-profits, academia, and DFIs, advising them on fund/financial structuring, instrument design, feasibility evaluation for innovative or blended finance, fundraising strategies, and design of PPP structures. Key engagements that he led at Dalberg included advising a large ODA donor in its transition to a blended finance strategy, developing co-financing strategies for a large global philanthropy with a focus on activating domestic capital in India, and rapidly assessing the feasibility of a financial markets-linked energy transition index to direct capital towards companies that exhibit sustainable behaviour. Tushar has led the design and implementation of several outcomes-focused financing funds and instruments including India’s first skilling-focused impact bond and a multi-instrument fund focused on foundational literacy and numeracy.
Before Dalberg, Tushar was a Vice President in the Mumbai office of Lazard, where he advised Indian and international clients on M&A and fundraising transactions, with a focus on the infrastructure, energy, industrials, and telecom sectors.
