Key Management

SSA Key Management


SSA Team

Since the founding of the firm, every member at Special Situation Advisors (India) has been striving to provide consulting services that make us a “Real Partner” for our clients.


Mr. Shailendra Dhakadey - Co-Founder and Managing Direct0r

Mr. Shailendra Dhakadey is B. Tech in Chemical Engineering and an MBA in International Business from Indian Institute of Foreign Trade, New Delhi. He has over sixteen years of experience in Distressed Assets Management, Corporate Banking and managing business start-ups. He has worked with Asset Reconstruction Company (India) Ltd. (ARCIL) as a part of Asset Resolution Group managing the portfolio across various industry like Textiles, Pharmaceutical, Engineering, Packaging, Ceramics, Dyes & Specialty Chemicals, Metal processing and Hospitality thereby gaining exposure in various aspect of ARC operations and Distressed Debt Investment Management. His extensive industrial relationships across various players in distressed debt space including Banks, ARCs, Distressed Debt Funds helps the organization to play a key role in structuring NPL portfolio transactions coupled with resolution strategies. As a result, he is the most referred professional in the Industry.

He was invited as a speaker at Asia Pacific Distressed Investing and Corporate Restructuring Summit 2014 & 2015, organized by Euromoney, Hong Kong to speak on Indian Distress sector. He was part of BSE- KAMCO conducted international program on Non-Performing Loan (NPL) Management at Korea, Thailand, Malaysia and Hong Kong. He also attended Venture Capital Development Program at Indian School of Business, Hyderabad. He gained rich banking experience both on Corporate Banking and Retail Banking at ICICI Bank Ltd. from the year 2003 to 2006. Prior to joining ICICI Bank, he had worked with Maruti Udyog Limited from 2001 to 2003 with New Businesses Group.

Mr. Surya Mahadev - Joint Managing Director

Mr. Surya Mahadev has over 30 years of experience in the Indian financial sector, spanning project finance, corporate credit & restructuring, consulting and stressed asset investments & resolutions. Over the past 15 years, he has focused exclusively on investing into and resolving stressed assets.

As a core member of the inception team at ARCIL, India’s first Asset Reconstruction Company (ARC), he was instrumental in concept selling to the lending community, valuation & acquisition of NPAs, and formulation & execution of resolution strategies - from deep restructurings, settlements to SARFAESI enforcements.

At Wilbur Ross’s India operations, he was a key member of a three - person team that raised a $300MN India-dedicated distressed PE fund. Through the life cycle of the fund, he was responsible for deal origination, diligencing, structuring and monitoring of investments all the way to exit. Over the last 4 years of his stint there, he headed the India office, reporting directly to Wilbur Ross. While representing the fund on the Board of investee companies, he was also actively engaged in managing the investee companies.

At Multiples PE fund, he was engaged in setting up a distressed investment practice and evaluated several transactions from early stage stress & special situations to deep distressed IBC bids.

During the first 14 years of his work life, Surya was with ICICI’s corporate lending team, building up a strong foundation in risk assessment, credit, and restructuring. He headed ICICI’s Baroda office for a year and represented ICICI on the boards of several companies.

Surya Mahadev is a B. Tech (Hons) in Metallurgical Engineering from IIT Kharagpur, and an MBA from IIM Calcutta. Aside from his impeccable academic background and rich experience of the distressed asset space, he brings with him an extensive network of relationships with the lending & investing community, industry professionals and intermediaries active in this space.

Ms. Swati Khandekar–Director

Ms. Swati has done PGDSM in Capital Market from NISM Mumbai and his B.E. in Electrical Engineering from GEC Chandrapur. She has over nine years of experience in the Securities market, Derivatives and Forex Market. She has worked with Stock exchanges and Clearing Corporation of India Limited as a Business analyst prior to joining Special Situation Advisors (India) Pvt. Ltd. Swati drives the business development initiative bringing in relationship depth with the clients. Her passion to deliver quality results for the clients particularly within stringent timelines especially while running sell-side mandates makes her an exceptional prof

Mr. Amol Dhakadey – Director

Mr. Amol is B.E. in Mechanical Engineering from VNIT-Nagpur and MBA in Finance from HEC-Paris & London Business School, UK. He has over ten years of experience in Transportation, Healthcare and IT Industry and has worked in multiple geographies such as UK, USA, France, Germany & India. He has worked with MNCs such as Siemens, Tata Consultancy Services, Microsoft, Cerner, and Citigroup. Amol has played a significant role in developing Single Asset strategy covering the huge gamut of companies across various sectors.

Mr. Rajkumar Bhanushali – Vice President

Rajkumar has over 5 years of experience in distress debt industry wherein he has played a leading role in successfully handling large NPA portfolio transactions spread across various sectors for banks such as State Bank of India, Canara Bank, Bank of Baroda, Bank of India, Bank of Maharashtra, Andhra Bank, Dena Bank, Karnataka Bank, EXIM Bank, Jammu & Kashmir Bank, etc. 

Rajkumar is currently leading the business development initiatives with lenders and investors. His working relationship with the lenders and the investors helps the company in reaching out to key decision-makers of the lenders and the investors which is a critical factor for concluding a successful transaction. His understanding of the industry dynamics and problem-solving skills helps the company in providing valuable insights and helps in strategizing new business initiatives for future businesses.

Rajkumar is B. Com and MBA graduate with specialization in Finance from Mumbai University.

Ms. Pankita Gala – Manager – HR & Strategy

Ms. Pankita Gala is a professionally outstanding leader with a cumulative experience of over 15 years in the field of Human Resource, Public Relations, Administration, Operations Management and Process Management. She has experience managing global teams and multi-million-dollar projects for various big companies and Start-ups.

Her Background in handling challenging Senior-level leadership responsibility in line and matrix team structures in HR Consultancy, Public Relationship Domain, and Organisational Development Initiatives inform her mindful but competitive approach.

Pankita believes mindfulness in the workplace is the key to success. She is a powerhouse of creative energy with Out of the Box ideas and Never Give up Attitude. She has done PGDHRM, BA in Psychology and Diploma in Commercial Arts. She has represented the Indian Government Delegation for various cultural events at China, Hongkong, and Singapore.

Mr. Piyush Jain – Vice President

Mr. Piyush is MBA graduate with specialisation in Finance from Mumbai University and completed his graduation in Bachelor’s in Management Studies. He has led the overall execution in transaction advisory. He plays a pivotal role in understanding the client’s requirements and strategizing the processes accordingly. His experience in this space over the years has enabled him to close the transactions successfully. He has played a crucial role in executing the mandates of Bank of India, Bank of Maharashtra, Andhra Bank, South Indian Bank and many more.

Neha Shringarpure - Senior Associate

Neha has overall experience of 3 years in Finance & Security Market. She has worked with ICICI Securities as a Senior Relationship Manager. She brings with her knowledge of Financial Products like Equity & Mutual Funds. She has played an important role in executing the mandates of Bank of India, South Indian Bank, Bank of Maharashtra, Federal Bank, Dena Bank and Lakshmi Vilas Bank. She holds a Post-Graduation Diploma in Management with specialization in Finance and Marketing.

Raghunandan Kotakonda – Senior Associate

Raghunandan holds a B. Com degree form Goa University and MBA in Finance degree from Mumbai University. He joined SSA in July 2017 as a Management Trainee and then became a full-time member in October 2017. He has the experience of working in Transaction Advisory assignment in banks like Jammu & Kashmir Bank, Bank of India, Federal Bank, Kerala Financial Corporation, South Indian Bank and Karnataka Bank. His executional capabilities and the consistency to deliver in stringent timelines make him a trusted employee of the company.

Ashwini Poojari – Senior Associate

Ashwini is a semi qualified Chartered Accountant having overall 2yrs experience in finance, credit and internal Audit. She was working as team leader in Credit Process Analyst Department for Yes Bank Small Business Banking Operations. At Special Situation Advisors, she has handled execution of mandates of Lakshmi Vilas Bank, Karur Vysya, Bank of India and Jammu and Kashmir Bank. Currently she works in Research Team.

Neelam Choursiya - Associate

Neelam holds a Post-Graduation Diploma in Management with specialization in Finance and Marketing. She has played an important role in executing the mandates of Bank of India and Karnataka Bank Limited. Her detailed research skills make her an important contributor to the Research Team.

Nawaz Mujawar - Associate

Nawaz is an alumnus of Bombay Stock Exchange Institute and has successfully completed a course in Investment Banking Operations (CPIBO). He is a graduate in Bachelor of Commerce from the University of Mumbai. Being part of the execution team, he has worked at the Sell-Side mandates of Bank of India, Kerala Financial Corporation. etc. He currently works in the Investor Team. His analytical thinking and hardworking nature make him a significant contributor to the team’s success.

Karthik K.P. - Associate

Karthik holds a Bachelor of Commerce degree from Mumbai University. He is also pursuing Company Secretary (Executive Level). His marketing skills help him in business development assignments. Also, his analytical skills and understanding of various legal acts enhance his performance in the sell-side execution process. He was involved in the mandates of Bank of India and Karnataka Bank Ltd.

Simran Wadhwani - Associate

Simran is an MBA graduate with specialization in Finance from Mumbai University and completed her graduation in Bachelor of Commerce. Simran joined as a management trainee and was promoted to Associate. Being part of the execution team, she has worked at the Sell-Side mandate of Bank of India. She is currently working in Investor Team. Her attention to detail makes her a significant contributor to the team’s success.

Sneha Shetty - Associate

Sneha has completed her Post-Graduation Diploma in Management with specialization in Finance from IES MCRC and Bachelor's in Accounting & Finance Graduate from Jai Hind College. Being part of the execution team, she was involved in the mandates of Lakshmi Vilas Bank & Bank of India. Her hardworking, analytical and smart thinking qualities makes her a significant contributor to the team’s achievement.

Ovesh Khatri – Associate (Strategy)

Ovesh holds a Post-Graduation Diploma in Management with specialization in Finance & Marketing. He is a graduate in Bachelor of Accounting & Finance from the University of Mumbai. He joined Special Situation Advisors as a Management Trainee and was promoted to Associate (New Project & Strategy) within 2.5 months. He has played an essential role in executing the mandates of Karnataka Bank, Lakshmi Vilas Bank, South Indian Bank & Bank of India. Currently, he is closely working with the Managing Director for streamlining projects & strategizing new projects. His strategic approach & analytical thinking makes him a significant contributor to success.

Ismat Khatau - Associate (HR & Admin)

Ms. Ismat is an Experienced Human Resources Associate with a demonstrated history of working in the financial services industry, Information Technology & Retail Industry. Strong human resources professional with a Post-Graduate Diploma in Management focused in HR & Marketing from IEIBS Akademia. Ismat Joined in the year 2018 as a Management Trainee in HR and was promoted to Associate Human Resource & Administration within 4 months of Internship service. She is currently handling the responsibility of Talent Acquisition, Employee Engagement, Analysis of Training Needs, HR Operations etc. of Special Situation Advisors, alongside looking after the Administrative task of the company.