Renuka Ramnath is the founder, Managing Director, and CEO of Multiples Alternate Asset Management. See contact routes.
Renuka Ramnath is the founder, Managing Director, and CEO of Multiples Alternate Asset Management, an India-focused private equity firm she established in 2009 after serving as MD & CEO of ICICI Venture, where she built one of India’s largest private equity funds. Multiples manages approximately USD $1–$3.5 billion across private equity funds and targets long-term capital deployment to support sustainable Indian enterprises. The firm primarily invests in growth-stage companies across sectors including consumer tech, healthcare, financial services, and entertainment, with a strong India geographic focus. Typical check sizes range from tens to hundreds of millions of dollars, and Multiples often acts as a lead investor, as seen in its $400 million partnership with CPPIB. Notable portfolio companies include Licious (a consumer tech D2C brand), PVR INOX (cinema operator), Network18 (media), and VIP Industries (luggage manufacturer). Ramnath emphasizes “people” as the core of value creation and has publicly advocated for policy reforms in private equity while chairing the Indian Private Equity and Venture Capital Association (IVCA). She is also
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