Manish Kejriwal
Manish Kejriwal is an Indian business executive and private equity investor. He is the founder and managing partner of Kedaara Capital, an Indian private equity firm. Prior to founding Kedaara in 2011, he was the head of the India office for Singapore's state-owned investment company Temasek Holdings and a partner at McKinsey & Company.
In 2023 Kejriwal first appeared on the Hurun India Rich List, with an estimated net worth of ₹3,000 crore.
Early life and education
Kejriwal was born on 8 November 1968. He attended Lester B. Pearson College of the Pacific, part of the United World Colleges movement in Canada, where he completed the International Baccalaureate diploma. He went on to Dartmouth College in the United States, graduating magna cum laude with a degree combining economics and engineering sciences. He later graduated with a Masters of Business Administration from Harvard Business School, where he was a Baker Scholar. During his studies, he worked as a summer intern at the World Bank in Washington, D.C., and at Goldman Sachs in Hong Kong.Career
McKinsey & Company
Kejriwal joined McKinsey & Company in the early 1990s. He initially worked in the firm's New York and Cleveland offices before returning to India to help establish its strategic practice in Mumbai. He was elected a partner and advised clients internationally across sectors including financial services, consumer products, and industrial goods. During his tenure, he was involved in conceiving and co-authoring the "NASSCOM McKinsey Report," an analysis of India's information technology industry.Temasek Holdings
In 2004, Kejriwal joined Temasek Holdings to establish and lead its Mumbai office. He oversaw Temasek's investments in India and, at times, parts of its global financial services portfolio. Major transactions during his tenure included a US$2 billion acquisition of a 5% stake in Bharti Airtel and the 2006 purchase of nearly 10% in Tata Teleservices. Under his leadership, Temasek committed over US$3 billion to more than a dozen Indian investments within four years, spanning telecommunications, financial services, and infrastructure. He served on the boards of portfolio companies such as Bharti Airtel and Fullerton India Credit Company and participated in international forums on long‑term investing. Kejriwal resigned from Temasek in September 2011.Kedaara Capital
In 2011, Kejriwal founded Kedaara Capital alongside Sunish Sharma and Nishant Sharma, both formerly of General Atlantic. The firm was established as an India-focused private equity manager, with global investment firm Clayton, Dubilier & Rice taking a minority stake and providing operational collaboration. By 2025, the firm managed over in assets across its funds.Other professional roles and affiliations
Kejriwal has served as an independent director for Bajaj Finserv, Adani Ports, and Alembic Pharmaceuticals. He was a member of the Alternative Investment Policy Advisory Committee of the Securities and Exchange Board of India and has served on committees of the Confederation of Indian Industry. Kejriwal is a member of the Young Presidents' Organization and was selected as a Young Global Leader by the World Economic Forum in 2008 and participated in one of the Forum's working groups.Philanthropy
Kejriwal is a trustee of Ashoka University, a private, non-profit liberal arts university in Sonipat, Haryana; and has served on the board of the United World Colleges.In the media
Kejriwal has been featured in Indian and international business media since the mid-2000s. A 2006 Business Today profile on his work at Temasek described him as a "billion-dollar dealer," referring to the size of investments he oversaw, and a 2008 profile in Mint presented him as part of a generation of Indian deal-makers guiding global capital into India. In a 2024 interview, he discussed themes including trust, mentorship and intellectual honesty, and argued that sustained performance and integrity were necessary to maintain confidence among investors and portfolio companies. In a 2025 personal finance interview with Mint, he characterised his journey as moving "from greed to giving" and emphasised disciplined saving and the use of simple financial products. In the mid-2000s he appeared in features profiling younger corporate executives in India; and was cited in international forums and industry publications as a representative of Indian private equity at global conferences. In 2024, he participated as part of a 13-member jury for the Economic Times "40 Under Forty" initiative, that reviewed and selected young business leaders.With an estimated net worth of ₹3,000 crore, Kejriwal appeared on the 2023 Hurun India Rich List for the first time and was the first India-based private equity fund manager to be included in the list.