Back to list
Prev Rank: 10

Renuka Ramnath, 

Founder and CEO
age: 58
Most Powerful Women Logo
Ramnath successfully raised Multiples Fund III with commitments exceeding $600 million from marquee domestic and global institutions, which included elite pension funds, multilaterals, fund of funds, and family offices. The fund will give Multiples a good runway to deploy growth capital in post-pandemic opportunities, support Indian entrepreneurs, and help scale mid-sized Indian companies. Multiples’ investment in Dream11—which is the title sponsor of IPL 2020—is a standout investment choice in her view. Ramnath’s investment thesis is based on her strong conviction in shifts in sports and entertainment consumption, which is led by India’s young population and growing smartphone base. On the Covid-19 impact on 15 portfolio companies, Multiples has managed to navigate the pandemic-led disruption with a combination of strategic decisions, which includes a change in operational processes, seizing new opportunities, and fund-raising. The firm expects resilience and strong returns from these investments in the coming years.