About Pinc

Bright Thinking® For A Progressive Future

Pioneer Investcorp Ltd. (PINC) is a fully integrated financial services company with expertise across three key areas: 1- Mid-market investment banking advisory 2- Highly research-backed mid-market institutional securities trading 3- Private wealth management services Over the last thirty years we have served some of the most prestigious Indian businesses. This has been possible thanks to our extensive industry knowledge and a team known for its sharp and insightful mid-market research capabilities.


Transparency and maintaining the highest ethical standards of corporate governance is the core to our business.
Client Centricity
Our ability to understand a client’s business and needs allows us to offer customised solutions through a client-first approach.
Insightful knowledge of markets and credit equip us to constantly innovate to offer cutting edge products.

Our Vision

To be the most preferred financial services firm trusted by customers for providing customised and structured financing solutions through innovation and integrity.

Our Mission

To achieve the highest level of client satisfaction by creating value for clients through a professional approach and ethical dealings.


We are an integral part of India’s financial ecosystem and aim to treat all matters with the highest ethical standards. We encourage our stakeholders to request for e-copies of all communications so we may reduce paper consumption.


  • Gaurang Gandhi

    Managing Director


    Gaurang Gandhi

    Gaurang Gandhi, Founder and Managing Director of the PINC Group of companies has over 30 years of experience in the financial sector. His experience ranges over a wide variety of industries. Gaurang is a qualified Chartered Accountant from the Institute of Chartered Accountants of India. He also holds a Bachelors of Commerce degree from the Sydenham College of Commerce and Economics.

  • Sushant Kumar

    Director & CEO


    Sushant Kumar

    Sushant Kumar, Director and Chief Executive Officer at PINC since 2011, has over three decades of experience across financial markets including corporate banking, SME financing, institutional sales, loan syndication and capital markets advisory. Previously, Sushant worked with ICICI Bank for 18 years in various leadership roles. In his last assignment as a banker, he served as General Manager and Country Head –Financial Institution Group, Syndications and Government Banking for ICICI Bank. Sushant holds a Master of Economics degree from Guwahati University and has completed a Global Executive Leadership Program from University of Michigan. He is a Certified Associate of the Indian Institute of Bankers.

  • Hemang Gandhi



    Hemang Gandhi

    Hemang Gandhi is an Executive Director and founding member of PINC – a leading mid-market investment bank that is based out of Mumbai. He has more than 20 years of experience in the financial services industry, with a focus on investment banking. Over this period, he developed a strong network of relationships with Indian corporates and private equity firms, and has worked on several transactions across M&A advisory, private equity and structured finance.

  • Ketan Gandhi



    Ketan Gandhi

    Ketan Gandhi is a Director and a founding member of the PINC Group of Companies. He joined the Group in 1987. Ketan started his career in 1979 with Harjivandas Nemidas & Sons, a Stock Broking firm, where he worked for 8 years. Ketan possesses over two decades of comprehensive equity market experience with key strengths being Stock picking and developing corporate relationships and was instrumental in setting up PINC Research. Ketan holds a Bachelor of Commerce degree from HR College of Commerce, Mumbai.

  • Jeevan Adya



    Jeevan Adya

    He has over 34 years in marketing and business development. Before joining PINC, Jeevan worked with NOCIL, Repro India Ltd. and Bharat Thakur Artistic Yoga in various capacities. Jeevan holds an MBA from the Institute of Management and Development and Research, Pune.

  • Sandeep Shenoy

    ED – Equities


    Sandeep Shenoy

    Sandeep has more than 25 years of experience in research, equities and investment banking specialised in mid-market companies and growth capital raising. A renowned name in media, he holds an engineering degree from Goa Engineering College and a Master’s degree from Mumbai University





    With over 17 years of experience in Strategic Financial Planning, MIS Reporting and Insurance, Sanjay is proficient in analysing underwriting parameters, managing tax procedures, conducting audits and analysing credit risk. Sanjay has also handled risk review and premium computation for various insurance products in his career. Sanjay is a Chartered Accountant with a Diploma in Insurance & Risk Management from ICAI and CII, London and is a Fellow of the Insurance Institute of India.

  • Abdul Hamid

    SVP – Investment Banking


    Abdul Hamid

    A CA and a Certified associate of Indian Institute of Bankers, he has worked with reputed banks like EXIM and IDBI. He has been working with us for over half a decade. His expertise lies in handling corporate banking, project appraisal, loan syndications, investment banking and other advisory.

  • Umesh Tulsyan

    Sr. EVP – Fixed Income


    Umesh Tulsyan

    A well-known name in the debt/bond market, Umesh has been with us since 2001. A post graduate in Finance, he started as a financial analyst with a reputed Bond house. With over two decades of experience in debt market his core competencies include market strategy and deep relationship interface with institutional players across the spectrum.


From our modest beginnings in 1985, take a look at how PINC has evolved into one of the top investment banking companies in India.




Group Founded

Establishment of Lease Syndication Business


New Business Lines

Investment Banking Advisory & Institutional Securities Trading



Follow-On Offering


New Service Line

Equity Derivatives Segment


New Revenue Line

Private Equity Advisory


New Business

Portfolio Management Services Wholesale Debt Management CDSL membership


Realignment of Group Operations

Strengthening of Debt Syndication and Investing Banking