Chhavi Moodgal is an accomplished financial services professional with over two decades of experience in investment banking, strategy, entrepreneurship, and endowments. As President, Public Alternatives, she is leading the scale up of Edelweiss’ listed alternate asset platform.
Chhavi believes investor preferences are shifting toward uncorrelated return streams, downside resilience, and outcome‑oriented strategies as portfolios mature and volatility rises. With the country’s alternatives market projected to grow significantly in the coming decade, she sees a strong opportunity for Edelweiss to broaden its suite of innovative public‑alternative products – leveraging the organisation’s deep expertise in asset management, to serve discerning investors seeking diversification and clearly defined risk‑return outcomes.
In her previous role, Chhavi served as the Founding CEO of the IIM Ahmedabad Endowment Fund (IIMAEF), the institution’s unified fundraising and philanthropic arm. She established a first of its kind endowment fund for a business school in India and oversaw its strategy, fundraising, deployment, reporting, and management of the fund. This role enabled her to work closely with a diverse set of stakeholders—including academic leaders, the IIM Ahmedabad Board, corporate partners, and alumni donors. She was also an advisor to the IIM Calcutta’s Endowment Fund and supported several academic institutions to set up a fund for their long-term sustainability and to maximise their impact.
Prior to this, Chhavi served as Group Chief Strategy Officer at InCred, where she played a central role in establishing the Group’s wealth business along with the CEO and senior leadership. She also led strategic initiatives across M&A, supported the hiring of critical senior talent – including fund managers for the asset management vertical – and contributed to several organisation‑wide strategic initiatives.
Before InCred, Chhavi led her own entrepreneurial startup – a boutique advisory firm in wealth and asset management. Chhavi helped set up and implement private credit and multi asset PMS strategies as well as advisory mandates for clients and dealt with regulators extensively for all requisite licenses.
Chhavi has spent her first working decade at large banks – Standard Chartered, UBS, and Kotak as a key member of their investment banking franchise. She has executed capital markets, M&A, and private equity transactions for blue‑chip corporates including Larsen & Toubro (L&T), IDFC, HDFC Bank, and Apollo Tyres. In her career, Chhavi has advised on deals of above US$20 bn.
Her work has been recognized with multiple awards, including the CSR Leadership Award (India CSR Network, 2025); Young Alumni Achiever’s Award 2025 by Indian Institute of Management Ahmedabad (IIMA); Top Visionary CEO in India (National Economic Growth Summit & Awards, 2024); FiNext Award for Excellence in Market Development (Dubai, 2024); Great Indian Disruptive Woman Leader of the Year and Great Indian Woman Change Maker of the Year (Impactful Women Leaders Awards, 2024); Excellence in Finance Innovation – New Market Development (Finext Conference, Dubai, 2024); AIWMI 40 Under 40 (2018); and India Wealth Awards – Thought Leader in Investments (2019).
A firm believer in purpose‑driven leadership and institutional excellence, Chhavi holds an MBA (PGP 2004) from the Indian Institute of Management Ahmedabad and a BA (Hons) in Economics from Lady Shri Ram College, Delhi University, where she graduated top of her class. Chhavi is passionate about travel, reading, cryptic crosswords, and music.
