Sanjay Dangi returns, with a new ambition

The stock market veteran is eyeing the lending space and aims to grow quickly by acquiring distressed assets of big-name groups.

He may not be in the same league as Harshad Mehta or Ketan Parekh. But the return of capital markets veteran Sanjay Dangi has many in Indian finance sitting up and taking notice. Only thing though, Dangi is taking a punt on the lending space this time around. 

Dangi and his wife, Alpana, own 71.47% of Authum Investment and Infrastructure Ltd, a Mumbai-based non-banking financial company. Alpana is the majority shareholder, with a 65.3% stake, while her husband’s firm Mentor Capital Ltd owns 6.17% of the company. 

Last October, Authum took control of Reliance Commercial Finance Ltd and is in …


Advait Palepu

Advait is a financial journalist and a former writer at The Morning Context. Here, he wrote on India’s banks, the wider financial services industry and the fintech ecosystem. He has previously worked with the Economic and Political Weekly, Business Standard, BloombergQuint and MediaNama, where he covered everything from the Reserve Bank of India to fintech policy.