Vora Corporate Finance

We are an Investment bank active in Fund Raising – Debt and PE, Valuations & M&A in large corporates. Our team has excellent connections and over 9 decades of combined experience in deal making.

Our Team 

Karan Vora has over 15 years of experience in deal making space. He handles Mergers & Acquisitions, Private Equity and Bank funding for the firm and deals with number of Mid and Large companies of Gujarat. 

Earlier he was with Kotak Corporate Banking, Gujarat where he handled P&L responsibility for Asset Book of Rs. 550 Crore in large corporate space for the bank. He was instrumental for on boarding number of large companies for the bank with innovative structured transactions. He started his career as a Management Accountant with Indian Oil Corporation, Mumbai and was managing corporate finance, project finance and Final accounts for the number 1 ranked Fortune 500 Company of India. He managed capital budget of Rs. 8000 Crore for the company and managed project finance of all the major capital projects handled by ICO Marketing Division.

Mr. Vora is regularly invited as Guest faculty at ICAI Study circles, C.A. Association, MBA Nirma University, MBA Shanti Business School etc. to share his insights on M&A, private equity and bank funding. His articles on capital markets are published every month by Ahmedabad C.A. Association Journal and ACAE, Kolkata. He is council member of ISB Alumni Association Ahmedabad chapter and Chairman of Professional Development Committee of C.A. Association Ahmedabad for year 21-22.

Mr. Vora is a Chartered Accountant and has done PGP in Management (MBA) from Indian School of Business (ISB, Hyderabad).  He is Registered Valuer (SFA) under IBBI. He has completed his Masters and Graduation from H.L. College of Commerce, Ahmedabad.

Vipul Shah, based out of Mumbai, has over 30 years of professional experience in various facets of financial services with special emphasis on Corporate Banking, Equity Research, Capital markets and combining lending business with wealth management products with expertise in structured deals. Vipul Shah presently heads Crystal Path Capital Advisors since June 2010 and heads a small NBFC with Asset base of Rs 70 crores in Capital market and Real Estate. He gives advisory to the investment banking vertical of Vora Corporate Finance.

Earlier he has handled leadership role as a Head of NBFC business with HSBC Investdirect and IL&FS Investsmart. He joined IL&FS Investsmart (IIL) in 1999 and initiated various business verticals viz. IPO Distribution, IPO Financing, Internet Broking, Insurance Desk, Banking Alliance Channel and retail finance in capital market. Under his leadership, IIL established leadership position in capital market segment with peak lending exposure of Rs 3000 crores. Along with IL&FS, he built a book of Rs 500 crores prior to selling the business to HSBC. HSBC acquired IIL in May 2008, and during reshuffling of top management, Vipul was given independent charge of NBFC.

Vipul is a Chartered Accountant and holds Bachelor’s Degree in Commerce from Bombay University.

Pravin Vora

P. S. Vorasir is a professor of Accounts (12th Commerce) along with Prof S. S. Vorasir (12th Science) and has over 40 years of experience in academics. He is the founder of renown coaching classes Vora Institute. He handles the relationships with various HNIs, Promoters and heads of financial institutes.

Nilofer Khoja

Nilofer is the research assistant for the team. She has over 10 years of experience in Accounts field in India & Dubai. She is CA Final Group I, graduate from HA & has a PG in finance.


Our Capital Market Updates are published every month by Ahmedabad C.A. Journal.

Click here to download PDF

Our Insights on Finance, Economy, Stock Market, Fund Raising, Debt, Private Equity and Merger & Acquisitions.

Mr. Karan Vora was invited by WIRC of ICAI (Institute of Chartered Accountants of India) to give lecture on Project Finance and Bank Funding to practicing Chartered Accountants. The lecture was held in AMA on 25th January 2020.

Shri K T. Thakore and Shri C. F. Patel Memorial Full Day Seminar on 4th Jan organised by Chartered Accountant Association Ahmedabad.

Fund Raising Strategies for Companies

Our article was awarded the best article of year by C.A. Association, Ahmedabad. 

It was also referenced in the index of useful articles by The Chartered Accountant, Journal of ICAI. 

Western India Regional Council of Institute of Chartered Accountants of India had invited us for study circle meeting for C.A. professionals on Fund Raising Strategies in May 2019. 

Shanti Business School organized an IB Conclave on New Indian Rupee: Challenges and Opportunities in Global Markets.

Industry experts Mr. Sunil Parekh (Zydus Cadila Healthcare Group) & Mr. Karan Vora addressed the MBA students and shared their insights on the national and international markets, latest developments and future outlook.