Mr. Ajay Relan is one of the pioneers of the Indian private equity industry. Prior to founding CX Partners, Ajay headed Citi’s private equity business since its inception in 1995. Prior to this, Ajay worked with several financial firms in multiple geographies, starting with Citibank in 1976 and the last being the CEO of a Citi affiliated brokerage firm, Citicorp Securities & Investments Ltd. Ajay has served on the boards of several portfolio companies such as HT Media, Yes Bank, i-Flex and Progeon among others. He holds an MBA from Indian Institute of Management, Ahmedabad (1976) and B.A. (Hons) Economics from St. Stephen’s College, Delhi University (1974) – top ranked in the University.