Who We Are



BlackSoil was founded by Mohinder Pal Bansal, a seasoned corporate advisor with over 40 years of experience, and his son Ankur Bansal, an accomplished investment banker with large global investment banks such as JP Morgan, Morgan Stanley, and CitiBank. Together, they established an investment banking and mergers and acquisitions practice in 2010, which led to the creation of BlackSoil as an alternative credit platform.
M. P. Bansal has served as an independent director at esteemed companies like Navneet Education Limited, AllCargo Group, K12 Techno Services Private Limited (backed by Sequoia Capital), Concorde Motors, and Prince Pipes & Fitting Limited, among others, and has actively associated with the family offices of Allcargo Logistics, Navneet Education, Florintree Partners, and Mahavir Agency throughout his career.
With the support of these family offices, BlackSoil was formed in 2016, benefitting from their diverse and rich business experiences, continuous insights, and business intelligence.
Ankur brings with him a richly developed investment acumen and relationship, with domestic and international private equity and venture capital firms who are investing in the Indian growth companies. Furthermore, his association with high pedigree banks has also helped in developing keen insight and knowledge about banking-led credit investments. This knowledge is utilized to identify and devise lending solutions for financial institutions such as new-age fintech platforms and evolving NBFCs.

The involvement of both M. P. Bansal and Ankur Bansal has been instrumental in the growth and success of the BlackSoil platform.


To build an alternative credit platform to empower growing businesses in the new economy that contributes to a sustainable a future.

To provide alternative credit products and unique credit solutions to growing companies and their ecosystems that foster the well-being of people and the planet.




We act as trustees for our stakeholders with a firm sense of accountability for the resources we use and the systems and processes we deploy.


We maintain transparency and fairness in our operations, and follow robust governance practices.

People First

We prioritize to support such businesses that contributes for the people and the society.

Environmental Sustainability

Committing to safeguard the environment through responsible investing and integrating sustainability through our efforts.

Entrepreneur Centric

Recognizing the value of entrepreneurship and aligning with their unique needs and aspirations.


We look for opportunities to collaborate with organizations that share our values, drive meaningful impact and our collective strength brings positive change.

  • The Management
  • The Sponsors
  • The Team


Founding Partner

Mohinder is the Founding Partner and Chairman of BlackSoil Group.


Co-Founder & Director

Ankur is the Co-founder and Director of BlackSoil Group.

Shashi Kiran Shetty

Chariman, Allcargo Group

Mr. Shetty is the chairman of the Allcargo Group which is one of India’s largest publicly listed logistics companies and is headquartered in India. It operates across 160+ countries through 300+ offices.

Key Metrics of Allcargo Logistics Ltd:


₹20,000 Crs*


₹1,250 Crs*

Market Cap

₹9,000 Crs


Managing Director, Navneet Education

Mr. Gala is the Managing Director of Navneet Education and has been associated with the group for 30+ years.

Key Metrics of Navneet Education Ltd:


₹1,400 Crs*


₹360 Crs*

Market Cap

₹2,250+ Crs


Chairman, Florintree Advisors

Mr. Cyriac is the Chairman of Florintree Advisors, an India-focused investment firm, based in Mumbai.

Key Metrics of Mathew’s portfolio companies:


₹2,100 Crs*


₹300+ Crs*

Market Cap

₹16,500+ Crs


Founder, Mahavir Agency

Mr Gala is the Founder of Mahavir Agency which is engaged in the real estate advisory business.

Key Metrics of Mahavir Agency:



Area Developed

25+ Mn sq. ft.

Transaction value

₹10,000 Crs

*Consolidated Group Revenue & EBIT for FY23(E)

  • Strategy team
  • Credit & Monitoring Team
  • Risk, Legal & Compliance Team
  • Finance & Operations Team

Chirag Shah

Sr. Vice President

Previously – CRISIL, Negen Capital

Manish Srivastava​

Sr. Vice President

Previously – Reliance, Edelweiss

Neelam Pandita

Asst. Vice President

Previously – Tata Technologies, RSM

Rohan Dani


Ankit Bhuptani

Sr. Vice President

Previously – KPMG, Deloitte

Surabhi Sanyukta

Vice President

Previously – Caspian, IndoStar

Hetal Pandya

Vice President

Previously – Kae Capital, ASK Asset Management

Ishan Patel

Company Secretary

Previously – KPMG

Anuj Gothi

Sr. Vice President

Previously – Kalpatru, Phoenix Mills Limited

Sandeep Shaw

Vice President

Previously – Angel Broking

Ashley Jhaveri


Previously – KPMG, Pwc

Devendra Bhoir

Sr. Associate

Previously – Fullerton India, DHFL

Benjamen Arwade

Sr. Associate

Previously – Citi Bank, HDFC Bank

Pramila Dabhekar

Vice President

Growth Companies

Mrityunjay Ranganathan

Sr. Associate

Previously – Edelweiss, SBI Capital Markets

Sagar Thacker​

Sr. Associate

Previously – Laurentian Bank

Ashley Jhaveri​


Previously – KPMG, PwC

Rahul Rajani


Previously – Centrum, IDBI Capital

Financial Institutions

Mitesh Soni

Vice President

Previously – Ashv Finance, AltFort Capital

Chittatosh More

Asst. Vice President

Previously – Ashv Finance, ICICI Bank

Amruta Maheshwari

Sr. Associate

Samarth Kapoor

Sr. Analyst

Saral SCF

Rahul Bhardwaj

Sr. Vice President

Previously – Deal Share, Kirana King

Ankur Lal

Vice President

Previously – Capital Float, Invoice Mart

Shubh Dayama

Asst. Vice President