News releases

See the latest news, press releases and other insights detailed below, for any specific media or speaking inquiries please contact us here:

Sudrania Fund Services Deepens Bench of Industry Veterans

July 28, 2020

Proven Fund Administration, Operations, and Client Service Skills Augments Team to 200+ Globally

Sudrania Fund Services (Sudrania) is pleased to announce that they have expanded their global leadership team by adding three senior staff members, bringing their global headcount to over 200+ individuals.

“As our client base expands, it is imperative that we have the necessary people in place to serve them at the highest level. These new team members share our strategic vision to constantly drive technology innovations while finding unique ways to improve how we deliver value to clients. This is a rare opportunity to change an industry for the better,” says Nilesh Sudrania, Founder & CEO of formidium.

Sudrania’s Newest Senior Leadership Team Members and their Specialties:

  • Amit Arora, Vice President of Client Success: 18+ years of experience in fund administration servicing hedge funds, private equity funds, real estate funds, fund of funds, cryptocurrency funds, commodity pools, distressed debt, and mortgage notes.

  • Skyler Steinke, Senior Vice President of Business Development: 20+ years of experience in the financial services industry servicing mutual funds, cryptocurrency funds, hedge funds, private equity funds, real estate funds and venture capital funds.

  • Ravi Kant Modi, Vice President of Operations: Chartered Accountant with 14+ years of experience in fund administration servicing hedge funds, private equity funds and multi-advisor funds.

“The operational needs of investment managers are constantly evolving, as asset classes emerge, and investor demands increase. This transformation will require professionals who understand how to help these managers focus on generating alpha while providing the reporting and transparency required,” added Manish Agrawal, Co-Founder of formidium. “We’re thrilled to welcome these industry veterans to the team, helping us to get to our next level of growth and continue to develop our technology roadmap to meet the needs of these managers and their investors.”

To discover more about why clients are leveraging Sudrania’s end-to-end, cloud-based Fund Administration model, listen to a recent conversation between Susan Barreto, Editor of Alternatives Watch, and Nilesh Sudrania, CEO of Sudrania Fund Services, here.

About Sudrania

Sudrania Fund Services Corp is a Chicago, IL based fund administrator combining the power of cloud computing with a boutique service model scaled for volume. Sudrania’s Seamless platform is an integrated portfolio, fund, and investor accounting system with a full-scale general ledger. It can process millions of trades and produce daily NAV for all fund types. For more information, visit