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Lapis provides global institutions access to investments in India's high-growth real estate markets with on-the-ground expertise and execution. The firm builds enduring partnerships underpinned by entrepreneurship, performance, and integrity. Its cycle-tested local team has a proven track record in sourcing, executing, and managing diverse transactions nationwide. With over 20 years of real estate private equity experience, Lapis has managed approximately US$2 billion of equity capital across India-focused funds, serving more than 80 global investors and completing 62 investments across 23 cities. The firm is distinguished by five key pillars: deep investment experience, strong industry relationships, complete investor alignment, a performance-driven culture, and innovation in structuring differentiated investments across property types.
Lapis pursues an opportunity-driven growth investing strategy focused on high-growth property segments benefiting from income growth and shifting demographics in India. The firm provides equity capital to partner with developers and unlock value across platform and portfolio situations. Its disciplined research, original thinking, and hands-on execution aim to generate exceptional risk-adjusted returns. Lapis also executes a Special Situations strategy targeting temporarily stressed but fundamentally sound real estate projects. Through structured equity and preferred capital, the firm addresses capital constraints, partnership disputes, leverage challenges, execution delays, and bankruptcy acquisitions. Value is unlocked through balance-sheet resets, completion financing, lease-up acceleration, and active asset management.

Prakash Kalothia
Managing Director & CEO
Heads Lapis’ investment strategy with over 30 years in real estate investing and development. Oversees proprietary deal sourcing and maintains extensive industry relationships. Member of the Confederation of Indian Industry's Real Estate Committee. Holds an AMP from MIT Sloan, MBA from ISB Hyderabad, and B.Tech in Civil Engineering from NIT Trichy.

Vamsi Gali
Managing Director
Oversees investment execution and asset management across residential, office, and mixed-use developments. Experienced across the full investment lifecycle including due diligence, delivery, and exits. Specializes in turnaround situations and joint venture restructuring. Holds a B.Tech from IIT Madras and MBA from ISB.

Kunal Rakshit
Managing Director
Leads investment evaluation and portfolio strategy with experience in real estate private equity, public markets, and entrepreneurship. Formerly with First Voyager and Baer Capital Partners. Holds a BA in Economics from Amherst College, MBA from IIM Bangalore, and is a CFA charterholder.

Divya Sharma
General Counsel
Oversees domestic and international transactions with expertise in foreign investment regulations and cross-border exits. Former Legal Director at Bird & Bird LLP London. Qualified Solicitor in England and Wales and Advocate in India. Holds a BA LLB (Hons) from National Law School Bangalore.

Nitin Valani
Director
Oversees financial structuring, due diligence, and portfolio oversight. Previously with Ernst & Young and Deloitte specializing in assurance for financial institutions and investment funds. Qualified Chartered Accountant with M.Com from Mumbai University.
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Investments in securities markets are subject to market risks. Read all the related documents carefully before investing. Past performance is not indicative of future returns.

Kartikey Goyal
Vice President
Responsible for deal sourcing, analysis, and execution. Prior experience at Goldman Sachs and Indospace. Holds a B.Tech from University of Delhi and MBA from NMIMS Mumbai.

Sunil Sakpal
Senior Manager – Finance
Oversees financial reporting, budgeting, and treasury functions. Brings 20 years of finance and accounting expertise. Holds a Bachelor of Commerce from the University of Mumbai.

Deborah Zuzarte
Investor Relations and Office Manager
Manages investor relations and office operations. Previously worked with Hexaware and Kalpataru Group. Holds a B.A. from the University of Mumbai along with diplomas in Secretarial Practice and Healthcare Ethics.