Kitara Capital has appointed Amitabh Chakraborty as its Managing Director and Chief Investment Officer who will head the firm's India operations from Mumbai. Chakraborty was working with Religare Securities since February 2007 as the President - equity research before joining Kitara.

Prior to that, he worked with BRICS Securities as the head of its private client group for 2 years.

He has also worked with Kotak Securities, IDBI Capital Markets, Cazenove and A F Ferguson & Co. Chakraborty has over 15 years of experience in financial markets in India.

He did his graduation in Bachelors in Engineering (Electronics and Telecommunications) from Jadavpur Univerity in 1985. In 1994, He completed his MBA from IIM- Lucknow. He is also certified in CFA ( ICFAI and US) and FRM (GARP USA).

Kitara Capital is part of the Sultanate of Oman-based Ajit Khimji Group and was formed a year ago. The firm’s founders include Umesh Khimji (CEO of the Ajit Khimji Group and chairman of Kitara) and Sachin Kamath (CIO of the Ajit Khimji Group and CEO Of Kitara Capital). At present, the firm has an investment team of around 10 people in Mumbai

The firm’s strategy involves identifying investment opportunities during economic downturn or at early stages of an upturn and hold the investment until the company has reached its full operating potential and its market valuation is fully recognised. Kitara could ideally target investments for 3-5 years in a company, with investments sized $10-40 mn. The firm’s focus area includes investing in medium-sized businesses across various sectors and geographies, both publicly traded and privately held.

Source: ET