Sundaram Alternates appoints Karthik Athreya as Managing Director

Sundaram Alternates Assets Ltd. (SA), the alternative investment arm of Sundaram Finance Group, has announced the appointment of Karthik Athreya as its Managing Director.

Athreya, who has over 26 years of experience in the financial sector, has played a key role in Sundaram Alternates’ growth over the past decade. He has been leading the Private Credit Investment team, driving innovation, strategic expansion, and portfolio performance. As a member of the company’s Board of Directors, he has also provided valuable insights that have helped shape the firm’s long-term direction.

Before joining Sundaram Alternates, Athreya headed the India business for Clearwater Capital Partners, a pan-Asian special situations fund. In that role, he managed investments worth over USD 1 billion across secured lending, restructurings, bond trading, and mid-market private equity, gaining deep expertise in structured finance and alternative assets.

Harsha Viji, Executive Vice Chairman of Sundaram Finance, expressed confidence in Athreya’s leadership, saying: “Karthik has been a driving force behind the growth and innovation of our investment platform. His deep understanding of our group’s values and his commitment to excellence make him the ideal choice to lead Sundaram Alternates. The company has already crossed Rs. 7,000 crores in assets under management, and I am confident we will continue to scale new heights under his guidance.”

Sharing his thoughts on the new role, Karthik Athreya, Managing Director, Sundaram Alternates Assets Ltd., said: “Sundaram Alternates is at an exciting stage where our legacy of trust meets India’s growing demand for sophisticated alternative investment solutions. We are well-positioned to launch a diverse range of products tailored to evolving investor needs. So far, we have successfully launched seven private credit funds with total commitments of about Rs. 4,400 crores and deployed over Rs. 5,600 crores in high-yield credit—all while consistently outperforming benchmarks.”

He added: “I am deeply thankful to the Board and leadership team for their trust. I look forward to building on our strong foundation of performance, collaboration, and disciplined execution as we continue to expand and innovate.”