Raadhi Advisors, a specialised capital markets advisory firm, announced the appointment of Hitesh Mandot as Managing Director effective 29 May 2025.
Hitesh is a seasoned investment banker with over 25 years of experience executing more than 150 capital markets and corporate advisory transactions. He has held senior leadership positions at leading financial institutions — ICICI Securities, Edelweiss, Axis Capital, Enam Securities, and UTI Securities. Prior to joining Raadhi, he served as Managing Director – Corporate Finance at InCred Capital.
As a left lead banker, he has led over 100 IPO transactions and is recognized in the investment banking industry for his expertise in navigating complex and regulatory challenging transactions.
Hitesh has successfully executed several category-defining transactions on Indian stock exchanges, including the first aerospace & defence PSU IPO (Hindustan Aeronautics Ltd.), the first communication equipment IPO (Tejas Networks), first Small Finance Bank & professionally managed IPO (Equitas), first power exchange IPO (IEX) and the largest manpower employment company IPO (Quess Corp). Some of his other marquee clients include Reliance, Adani, L&T, Aditya Birla Group, Bharti Airtel, etc.
Founded in 2021 by Sumith Kamath, Anil Bhatta and Mahesh Hegde, Raadhi Advisors is a specialised capital markets advisory firm that assists companies in their strategic pursuits, including Initial Public Offerings (IPOs).
Over the past four years, Raadhi Advisors has emerged as the go-to transaction advisor for large IPOs on the main board, successfully working with both cutting-edge technology companies and established traditional Indian businesses.
