New Delhi, Aug. 27 -- 360 ONE Capital has brought on board a veteran banker from Kotak Investment Banking as managing director and co-head, investment banking, VCCircle has gathered.
360 ONE Capital is part of 360 ONE WAM Ltd, the Mumbai-based financial services group which was formerly known as IIFL Wealth Management.
Effective August 2026, Premal Thar has taken charge of coverage spanning financial sponsors, consumer, consumer technology, digital, new-age businesses and enterprise technology at 360 ONE Capital.
The appointment gives the firm a banker with deep roots in both core-economy sectors and private equity relationships at a time when domestic platforms are racing to build out investment banking franchises alongside their wealth and asset management businesses.
Thar spent just over 19 years at Kotak Investment Banking, having joined it in August 2007. He rose to managing director, where he covered industrials, building materials and financial sponsors.
He began his career as an associate at Avendus Capital, a role he held from January 2005 to July 2007.
His academic path bridges engineering and finance. Thar earned an engineering degree in construction engineering from the University of Mumbai in 2002, before completing an MBA in finance from MET League of Colleges, run by the Mumbai Educational Trust, in 2005. He rounded out his credentials with the Advanced Management Program at The Wharton School's executive education division in 2017.
Thar's exit from Kotak adds to a wave of leadership churn at the top of Indian investment banking this year. Kotak Investment Banking announced on July 30 that it was appointing veteran dealmakers V Jayasankar and Sourav Mallik as managing directors and co-chief executive officers, taking over the business from Ramesh Srinivasan, who was moved to a three-year term as non-executive vice chairman effective August 1.
The reshuffle came as Kotak reclaimed the top spot in India's equity capital market league tables in the first half of 2026, with the bank positioning itself for what is expected to be a record year for domestic initial public offerings (IPOs).
Global banks have also been making similar moves to capture the dealmaking upswing. This month, Goldman Sachs hired Chandresh Chheda, formerly a JPMorgan managing director covering India's new-age technology sector, as managing director and co-head of its India investment banking business alongside Dev Nambakam.
Chheda, who brings more than 22 years of experience including a decade covering industrials in New York for Deutsche Bank and JPMorgan, joined as global dealmaking rebounds and Goldman advises on marquee transactions such as Life Insurance Corporation of India's $3.3 billion stake sale and Manipal Hospitals' nearly $1 billion IPO.
Taken together, these appointments underscore how domestic and global banks alike are reshuffling senior coverage and leadership ranks to position for a pickup in India's IPO pipeline and private equity-driven deal flow, the same dealmaking cycle that Thar's own mandate, with its emphasis on financial sponsors and new-economy sectors, is designed to capture at 360 ONE.
Published by HT Digital Content Services with permission from VC Circle.