Arun Chulani
CEO & Co-Founder

Arun Chulani

-
21 years experience
₹1,680 Cr AUM Managed
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Seasoned investment professional with over 20 years experience. Arun

previously headed the Principal Investments team for Ikarus Petroleum

Industries, a fund that focuses on the energy value chain with over USD 400m

AUM.

Arun has overseen investment opportunities in the manufacturing, shipping

and chemical sector. Prior to Ikarus, Arun was with EY London before

transferring to Dubai, where he was instrumental in building the Debt &

Capital Markets division across the Middle East. He has led, designed and

executed transactions for Sovereign Wealth Funds, FTSE 100 companies and

Financial Institutions including QIA, Etisalat and ENDB.

Arun is a Chartered Accountant (ICAEW), which he obtained while at Arthur

Andersen and holds a MSc. Accounting and Finance from the LSE.

AUM Managed

₹1,680 Cr

Across all strategies

Fund Managed

2 Funds

Active & Closed

Avg Fund IRR

-

Net IRR since inception

Benchmark Return

28.03%

Across all funds

Industries Focus

-

Sectors

Professional Background

Career Timeline

Senior Business Advisor

Arthur Andersen & Co.

1998 - 2001

Assistant Fund Manager

Saxon Asset Management

2002 - 2003

Financial Analyst

Lloyds Banking Group

2003 - 2004

Corporate finance / restructuring advisor

Ernst & Young

2004 - 2012

Corporate finance and restructuring professional

Nequus Partners

2012 - 2013

Head of Principal Investments (Private Equity)

Ikarus Petroleum Industries

2013 - 2018

Contributing Writer

Forbes · Freelance

2020 - 2020

Co-Founder

The Winged Society · Freelance

2020 - Present

CEO & Co-Founder

First Water

2018 - Present

Education

Schooling

Harrow School

BSc, Economics

University College London

Master of Science - MSc, Accounting and Finance

The London School of Economics and Political Science (LSE)

Certifications & Boards

Global Oil and Gas Management (2012)

Thunderbird School of Global Management

AI x Design Thinking Certificate (2025)

IDEO U

Funds Managed

Fund Name (2)

Category

Fund Size

XIRR

MOIC

Portfolio companies

Close Date

First Water Capital Fund - IICategory III-0.00%0--
First Water Capital FundCategory III₹1,680 Cr0.00%0--