Parag Saxena


Parag Saxena is the Founding General Partner and CEO of New Silk Route Partners. He also co-founded Vedanta Capital LLC, in 2006. Previously, he was CEO of INVESCO Private Capital, one of the oldest and largest venture capital firms in the U.S. During his 23-year tenure at INVESCO Private Capital, the firm made over 300 investments, including Amgen, Celgene, Costco, MetroPCS, PictureTel, Polycom, Staples, and Starbucks. These investments have helped to grow companies that have created over 500,000 jobs and enjoy a market value exceeding $500 billion. Mr.Saxena has also led more than 90 investments for Chancellor and INVESCO Private Capital, a third of which have gone public. These investments include Amber Networks, Masimo, Alkermes, ARM Holdings, Genomic Health, Indigo, and Volterra.

Mr.Saxena is a multi-year member of Forbes’ Midas list which ranks the world’s best global investors. He has served on committees advising the Prime Minister of India on Foreign Direct Investments and Venture Capital for the Planning Commission of India. He has provided recommendations on small business and venture capital to representatives of the U.S. Congress. He is also Director of the Heritage Fund of the Indian Institute of Technology in Bombay as well as a Trustee of the Bharatiya Vidya Bhavan. He is on the Advisory Board of the Center for Advanced Studies on India at the University of Pennsylvania and the Indian Advisory Council of Brown University. Mr. Saxena was the President of TiE Tri-State (NY, CT, NJ) from 2003 to 2010. He is also on Mayor Bloomberg’s Applied Sciences NYC Advisory Committee.

Mr. Saxena is a Masters in Business Administration from the Wharton School of the University of Pennsylvania. To add to his educational accomplishments is B.Tech from the Indian Institute of Technology and an M.S. in Chemical Engineering from the West Virginia College of Graduate Studies.

Vivek Sett


Vivek Sett joined New Silk Route as an Advisor in February 2007 and focuses on private equity opportunities in the Indian sub-continent. He is responsible for advising NSR on its investments in Ascend and works out of the Mumbai office. Prior to joining NSR, Mr. Sett was the Chief Financial Officer at Tata Realty and Infrastructure where he led the Tata Group’s US$ 5 billion initiative to exploit the growth in the Indian Realty and Infrastructure Sectors. He joined Tata in 2002 as Chief Financial Officer of Tata Teleservices Ltd. Mr. Sett supervised the finance function at Tata Teleservices Ltd. which implemented a US$4.5 billion wireless telecommunication project across the country. As a CFO, Mr. Sett structured the funding of complex, capital-intensive projects and restructured distressed assets with different groups of senior lenders and creditors. Prior to joining Tata, he was associated with Hughes Telecom India Ltd since 1997. Appointed as a Chief Financial Officer, Mr. Sett had stepped as the Chief Executive Officer in 2002 and was holding the position of the Director when Tata took over Hughes Telecom. Mr. Sett started his professional career in 1984 with Ispat Industries Ltd. as a Senior Officer and was nominated to the Board of the company in 1994. He played a proactive role in the development of Ispat Group, which is today an industrial conglomerate and ranks among the top business houses in the country.

Mr. Sett has been nominated as the member of various committees in leading trade and industrial associations such as Bombay Chamber, FICCI and CII. He is well known amongst the Indian Financial Institutions, Indian and Foreign banks and International Multilateral Institutions. Mr. Sett graduated with a degree in Commerce from Calcutta University and completed his post graduation as a Chartered Accountant.

Sushil Kumar Chaturvedi


Sushil Kumar Chaturvedi is Ascend's  Chief Executive Officer since July 1, 2012. He served as the Chief Executive Officer at ORG Informatics from 2006 to 2012 managing Telecom/System Integration Business of India, Belgium and South-east Asia. As Vice President of GDSS Inc. USA from 2002 to 2005, Mr. Chaturvedi pioneered and deployed triple play services across many geographic regions. He has served as the Director at BSNL from 2000 to 2001. In addition, Mr. Chaturvedi was an expert of International Telecommunication Union (ITU) responsible for telecom development of the South African Development Community. Mr. Chaturvedi graduated from NIT Bhopal with a degree in Electronics and Communication (1982) and has been awarded with the President’s Medal (VSSM) for distinguished services in telecom.

Milind Joshi


Milind Joshi is currently Partner at IDFC Alternatives in the Infrastructure asset class which manages over US$ 1.8 billion across two Infrastructure Funds. At IDFC Alternatives, he primarily focuses on originating and evaluating equity investments across infrastructure sectors along with managing portfolio and exits. He is a member of Investment Committee and represents the Funds on the boards of various portfolio companies. He has over twenty three years of experience across operations and investments, principally in the transportation and energy sector.

Prior to joining IDFC Alternatives, Milind headed the Contracts & Commercial division at GMR Delhi International Airport Limited in India where he spent two years. At GMR Group, he worked with the transport group across different functions including project finance, commercial and contracts.  Prior to GMR, Milind worked at Tata Power and Powergen India, where he was involved in several acquisitions and financing initiatives.

Milind started his professional career at ICICI Limited in 1994 where he was a core member of the infrastructure business and managed a portfolio of over fifteen companies in the infrastructure space.

Milind holds a Masters in Business Administration from Indian Institute of Management, Kolkata and a Degree in Electrical Engineering from Indian Institute of Technology, Delhi.