Modulus Alternatives welcomes Alok Agarwal, former CFO, Reliance Industries, as an equity partner, where he will be instrumental in driving private credit investments and fundraising initiatives
Agarwal will initially hold a 17.3 per cent equity stake, which will increase over time. Modulus is currently raising its second fund, aiming to capitalise on the burgeoning Indian private credit market, which is forecasted to reach a $100-billion opportunity.