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MOSTPOWERFUL WOMEN

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Renuka Ramnath, 

Founder MD & CEO, Multiples Alternate Asset Management
age: 53
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Ramnath says her fund (Multiples Fund I) has returned close to 50% of the capital raised within the investment period—a feat not too common in PE history. Her portfolio tracks returns of over 30% a year. Multiples is readying to become a billion-dollar platform after raising $650 for Fund II. However, Ramnath says that raising money is still extremely challenging. This year, her biggest challenge lay elsewhere: Regulators ordered the promoters of Financial Technologies, one of her portfolio firms, to step down and sell their stake. Multiples was the largest stakeholder in the firm after the promoters, and Ramnath had to rally other shareholders, complete a forensic audit, appoint a new chairman, and stabilise the board.
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