Ireo is the first and the largest Private Equity Fund dedicated to the Indian real estate sector with a fund size of US $2 billion and the backing of global blue chip investors and financial institutions. It is no surprise then, that we have emerged as a major pan-India developer equipped with financial strength to fully leverage available opportunities in this sector.

Management Team

Anurag Bhargava - Chairman Mr. Bhargava was previously Head of Private Equity for MSD Capital, the private investment firm for Michael Dell, where he managed a successful portfolio of private equity investments. Mr. Bhargava is a co-founder of India Equity Partners and El Dorado Holdings, and also serves on the board of the State Bank of Mauritius. Mr. Bhargava completed the dual-degree Management and Technology Program at the University of Pennsylvania, where he received a B.A. from the Wharton School of Business and a B.S. from the Moore School of Engineering.
Lalit Goyal - Director Mr. Lalit Goyal is a successful business entrepreneur with a foresight that enables him to identify intrinsic potential in business opportunities and allows him to transform them into commercial success. His business acumen and insight of the Indian economy has helped him transform various ventures in the last two decades..
Steven Wisch - Founding Partner Steven Wisch, 48, is a founder and Managing Partner of India Equity Partners (IEP), a long-term, growth-oriented Indian private equity fund. He is also a founder and Managing Director of Ireo, the first organized foreign fund involved in Indian real estate development focused on constructing a world-class portfolio of residential, commercial, retail and hospitality properties. These businesses manage over $2 billion dedicated entirely to India with eight offices and over 300 employees.
Madhukar Tulsi - President Mr. Tulsi has more than 35 years of experience in real estate investment, development and construction at leading firms including ITC Limited, DLF Universal Group and Lalbhai Realty. He has led the development of several landmark projects like Capital Court Delhi, The Laburnum, a luxury condominium complex in Gurgaon, and Classic Golf Resort (CGR), South Asia’s first signature golf course designed by the internationally famous golfer, Jack Nicklaus.
Varun Khanna - Chief Executive Officer, Knowledge Mr. Khanna has more than two decades of experience in the services sector in India and overseas. He has set up business operations in more than 30 countries. As the CEO of DS Construction’s overseas operations in Dubai, he was directly responsible for concluding mega-sized deals in Infrastructure Development in India and large scale construction projects in the Middle East.
Anupam Nagalia – Chief Operating Officer Mr. Nagalia has over thirty years of extensive experience in Finance, Accounts and Real Estate Development. Prior to joining Ireo, he held key positions at various organizations. Over the last decade, he was working with the Vatika group as a whole time Director actively involved in land acquisitions, project licenses and approvals, project development and product launches. He played a critical role in the overall growth of the organization. Being a Fellow Chartered Accountant and Fellow Company Secretary, he has widespread experience in Accounting and Finance operations as well.