Renuka Ramnath (born 14 September 1962) is an Indian private equity fund manager, and the founder and CEO of Multiples Asset Management Ltd.[3] She is also an independent director of the apparel manufacturer Arvind Ltd., chairperson of the board at Tata Communications, and chairperson of the Indian Private Equity and Venture Capital Association.
[7] Prior to founding Multiple Asset Management Ltd., Ramnath was the MD and CEO of ICICI Ventures, the venture capital arm of the ICICI Group, through the period that saw the firm become one of the largest private equity funds in India.
In this time she is also credited with raising, managing and divesting the $250 million India Advantage fund, generating a more than triple return on capital.
[7] Ramnath and ICICI Ventures were also the targets of a legal action from Azim Premji's investment company Premji Invest when one of the portfolio companies Subhiksha, a leading discount retailer, ran out of cash and closed over 1,600 stores nationwide.
The notice alleged that Ramnath and ICICI Ventures had not revealed the extent of Subhiksha's problems before the sale to Premji Invests.