Equirus Elevates Munish Aggarwal and Sandeep Gogia as Co-Heads of Investment Banking

Ahmedabad, August 12: Equirus, one of India’s leading diversified financial services groups, today announced the elevation of Munish Aggarwal and Sandeep Gogia as Co-Heads of its Investment Banking business. The appointments mark the next phase in the evolution of Equirus’ Investment Banking franchise, following significant growth in the business under Bhavesh A Shah’s leadership. With Munish and Sandeep having built two of the firm’s largest sector franchises, the transition strengthens the leadership depth of the business and positions the franchise for its next phase of growth.
With close to two decades of association with the Equirus Group, Munish and Sandeep have each played a significant role in building the Investment Banking, with complementary sector expertise and extensive experience in executing marquee transactions.
Munish Aggarwal has over 25 years of experience across investment banking and capital markets in India and South-East Asia. He has been associated with Equirus for over 18 years and has been instrumental in building the firm’s Industrials franchise, where he has led multiple marquee transactions.
Sandeep Gogia brings over 28 years of experience across investment banking, advisory, ECM and management, with expertise spanning technology, digital, manufacturing and education. He has been associated with the Equirus Group for close to two decades, having previously been with Wizarth Advisors, a boutique investment banking firm specialising in financial advisory services for cross-border M&A transactions, which subsequently merged with Equirus Capital.
This strategic leadership transition follows the significant growth of Equirus’ Investment Banking business under the leadership of Bhavesh A Shah, who has led the Investment Banking vertical at Equirus since 2020 and has been instrumental in strengthening the firm’s Investment Banking and ECM franchises. As he transitions into a broader Group leadership role, Bhavesh will focus on strengthening the Group’s overall platform and supporting its next phase of growth.
The transition brings together three experienced leaders with complementary strengths, while reinforcing Equirus’ focus on building scalable businesses, deepening sector expertise and creating long-term value for clients.
(Disclaimer: The information provided here is investment advice only. Investing in the markets is subject to risks and please consult your advisor before investing.)
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