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Goldman Sachs names Chandresh Chheda co-head of India investment banking

He joins from J.P. Morgan, where he led new-age technology coverage, and will co-lead the franchise alongside Dev Nambakam.

Goldman Sachs has officially appointed Chandresh Chheda as Managing Director and Co-Head of Investment Banking in India, co-leading the franchise alongside Dev Nambakam.
Image: Finsamudra LinkedIn archive

Goldman Sachs has officially appointed Chandresh Chheda as Managing Director and Co-Head of Investment Banking in India, co-leading the franchise alongside Dev Nambakam.

He joins from J.P. Morgan, where he served as Managing Director leading coverage for India's new-age technology sector, bringing over 22 years of investment banking experience across of Wall Street and Mumbai.

Why is this senior leadership move so pivotal for Indian capital markets right now?

It aligns with three key dealmaking trends:

→ New-Age Tech IPO Pipeline: As India's tech ecosystem enters a mature public listing cycle, appointing a specialized tech banker positions Goldman Sachs to lead high-value digital listings.

→ Cross-Border M&A & Private Equity: Combining 10 years of New York execution experience with domestic deal sourcing strengthens buyout and advisory capabilities for global sponsors.

→ Intensifying Wall Street Competition: Global investment banks are aggressively building senior headcount in Mumbai to capture rising underwriting fees as India dominates APAC capital issuance.

Senior leadership appointments in investment banking are reliable leading indicators of deal volume.

Expanding co-head leadership at global bulge-bracket firms confirms that international institutional capital views India as a core dealmaking hub for the next decade.

Do you expect new-age tech listings and cross-border M&A to drive the majority of Indian investment banking fees in FY27? Share your insights in the comments below.

hashtag #GoldmanSachs hashtag #InvestmentBanking hashtag #CapitalMarkets hashtag #Mna hashtag #IPOs hashtag #WallStreet hashtag #FinancialServices hashtag #Finsamudra

Why it matters

Senior investment-banking hires are a leading indicator of deal pipeline, and a dedicated tech-sector co-head signals Goldman expects new-age company IPO and M&A volume in India to keep building. For the lending ecosystem, a busier IPO pipeline usually means more promoter and employee liquidity events — a segment some NBFCs and wealth-linked lenders already underwrite against.

Sources

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Finsamudra Desk12 Aug 2026, 11:30 am IST
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