Investment Advisors Team

Vikas Thapar

Senior Advisor

Mr. Thapar has over 25 years of experience in direct Private Equity investing, managing funds, privatization advisory and syndications in global emerging markets and India.

Mr. Thapar held several senior positions with the International Finance Corporation, the investment arm of World Bank, over a period of 20 years. Mr Thapar was head of IFC’s Central European office as well as Principal Investment Officer for East Asia including South Korea. During that time, he was also a member of the Board of several PE funds and financial institutions. Mr. Thapar co-founded the Leverage India Fund, a private equity fund, which completed 26 investments across a variety of sectors including media, pharmaceuticals and healthcare, consumer goods and infrastructure. He is also the founding board member of Halcyon Capital, an Oman-based fund. The fund has made 10 investments in India, South-east Asia and the Middle East across manufacturing, petroleum related services, shipping and consumer products.

He has completed Advanced Management & Executive Programs at Harvard University, has an M.B.A. from the McGill University in Canada and a B.Tech. in Electrical Engineering from the Indian Institute of Technology (IIT), New Delhi.

Advisory Team


The Madison India Capital team has been working together with exceptional results for its portfolio companies. The senior team members have been investing in our sectors of focus for approximately twenty years during several economic cycles and dramatic industry transformations globally. The investment perspective, depth of knowledge, relationships and diversity of experience that we have gained in the last two decades enable us to do more to help our portfolio companies succeed in our focus industries.