Mr. Angad Banga
Chief Operating Officer
The Caravel Group
Mr. Angad Banga is the Chief Operating Officer for The Caravel Group, a role he took on in 2016. As Group COO he has direct operational and managerial oversight for the Asset Management, Investment, Finance & Operations, and Administrative areas of the business. He has been with The Caravel Group since its inception in 2013 when he joined as Executive Director and has been an integral member in shaping the company’s business growth strategy. In addition, Angad is a key member of the Group’s Management, Investment, Risk and Credit Committees, and he oversees the IT Steering Committee which drives the Group’s digital strategy.
Angad is on the Board of Directors of Fleet Management Limited (a Caravel Group company), Mandarin Shipping Limited, and he also serves as Director on the Board of several companies in The Caravel Group’s portfolio of direct private equity investments. In 2014, Angad saw the potential of Indian beauty omnichannel retailer Nykaa, now one of India’s biggest success stories. As Nykaa’s very first and largest external investor, he played a key role in advising, steering, and helping drive the Company from their Series A fundraising to their November 2021 IPO on both Indian stock exchanges.
In November 2021, Angad was appointed Deputy Chairman of the Hong Kong Shipowners Association (HKSOA), one of the world’s largest Shipowner Associations. He has been a Member of HKSOA’s Executive Committee since November 2017 and has served as Chairman of their Marine Sub-Committee since November 2019. Angad is also a Member of the Hong Kong Maritime and Port Board (HKMPB), and serves on two of their committees, the Promotion and External Relations Sub-Committee and the Maritime and Port Development Committee.
Prior to joining The Caravel Group, Angad was a Principal with KKR, a world-leading global investment firm, where he focused on investing in Leveraged Buy-out (LBO) transactions across the Asia-Pacific region. He also ran the Asian Leveraged Finance business for KKR Capital Markets Asia, where he helped finance some of the largest, most complex, and highly structured private equity acquisitions in Asia. Angad started his career as an Investment Banking Analyst at J.P. Morgan in Hong Kong.
A firm believer in corporate social responsibility, Angad spearheaded a partnership between Cricket Hong Kong (CHK) and The Caravel Foundation (the Group’s charitable arm) in support of their mission to make cricket accessible to children and youth in Hong Kong. Through the partnership, CHK has successfully launched a Youth Pathway Programme and revived School Cricket, one of their former flagship initiatives that allowed Angad to enjoy the sport at school throughout his younger years.
Angad received his AB with Honors in Economics from Dartmouth College in the U.S. He is a proud Dartmouth alumnus and is on the Board of Visitors of The John Sloan Dickey Center for International Standing and serves on Dartmouth’s first-ever Presidential Commission for Financial Aid, which was established during the COVID-19 pandemic.