SA Appoints Karthik Athreya as Managing Director to Lead Next Phase of Growth
FinTech BizNews Service
Mumbai, November 5, 2025: Sundaram Alternates Assets Ltd. (SA), the alternate investment arm of Sundaram Finance Group, today announced the appointment of Mr. Karthik Athreya as Managing Director.
The appointment marks a significant milestone in Sundaram Alternates’ next phase of growth and strategic expansion. With Assets Under Management (AUM) exceeding Rs7,000 crore, the firm is poised to scale its platform and strengthen its leadership in India’s rapidly growing alternatives market.
Athreya, a veteran with over 26 years of experience, has been an integral part of Sundaram Alternates, leading the Private Credit Investment team with distinction for almost a decade and contributing significantly to the firm’s growth and strategic development. He has also served as a valued member of the company’s Board, offering strategic insights that have shaped its direction and success.
Prior to joining Sundaram Alternates, Mr. Athreya headed the India business for Clearwater Capital Partners, a pan-Asian special situations fund, where he oversaw more than USD 1 billion in investments across secured lending, restructurings, bond trading, and mid-market private equity. Under his leadership, private credit vertical has emerged as a cornerstone of Sundaram Alternates’ growth story. The platform has launched seven private credit funds with total commitments of approximately ₹4,400 crore and deployed over ₹5,600 crore in high-yield credit opportunities. Notably, all key portfolio management strategies have consistently outperformed their benchmarks.
Commenting on the appointment, Mr. Harsha Viji, Executive Vice Chairman, Sundaram Finance, shared his confidence, stating that, “Karthik has been instrumental in driving growth and innovation within our investment platform, and I am confident that in his new role as a Managing Director, he will continue to lead us to excellence with his strong understanding of our group’s culture and dedication to our mission. Sundaram Alternates is a key facet of the Sundaram Finance group’s strategy, and we have grown assets under management to over Rs. 7,000 crores and will continue to grow under Karthik’s capable leadership”.
In response to his new role, Mr. Karthik Athreya, Managing Director, Sundaram Alternates Assets Ltd., remarked that, “Sundaram Alternates stands at a powerful inflection point—a place where a rich heritage of trust perfectly aligns with India’s rapidly accelerating appetite for sophisticated alternative investment solutions. We have a strong platform from which we can launch a wide range of interesting products to cater to the needs of discerning investors. We have now successfully launched 7 private credit funds with total commitments of ~Rs. 4,400 crores to date and invested over Rs. 5,600 crores in high-yield credit. All our key portfolio management strategies are consistently beating benchmarks”.
He concluded by saying, “I am grateful for the confidence shown by the Board and the leadership, and I look forward to building upon our track record of performance, partnership, and execution.”
Sundaram Alternates Assets Ltd. (SA), a wholly owned subsidiary of Sundaram Finance Ltd., is a rapidly growing alternate asset management platform, specializing in differentiated investment solutions across private credit, fixed income solutions, PMS equity strategies and bespoke equity portfolios. Built on core values of transparency, governance, and long-term value creation, Sundaram Alternates is aggressively expanding its footprint in India’s dynamic investment ecosystem.
