EMIL Pharma

Mayur has over 35 years of experience across the Healthcare, Pharmaceutical, and FMCG sectors, with roles spanning Private Equity, Strategy, Advisory Services, Operations, Manufacturing, and Marketing. Mayur co-founded Somerset Indus Capital Partners and focuses on fund raising, new investments, building deal pipelines as well as working on value addition initiatives at an operating and strategic level for portfolio companies.

Prior to founding Somerset, Mayur was an Executive Director at Lexicon Healthcare, a Strategic Advisory Firm involved in cross border healthcare transactions with Israel, Australia and Japan. In this period, he established a Medical device company based on Israeli MedTech in the areas of sleep apnoea and cardiac diagnostics as well as a dental stem cell banking & research start-up.  Earlier, at IMS Health, a global healthcare consulting company, he set up their India practice, wherein he advised major MNC and Indian Companies on their Growth Strategies and Market Entry strategies in India. Prior to this, he served as a Director of Kare Group – his family run contract manufacturing group wherein he developed strong operations experience across Manufacturing and Marketing. Earlier, at German Remedies, he headed the business development function wherein he led OTC and M&A initiatives and at Colgate Palmolive, he was a member of the strategy and special projects group wherein he was involved in company M&A activities as well as new manufacturing projects.

He has also been involved in the Healthcare start up space wherein he has mentored several healthcare entrepreneurs. He is on the Advisory Board of SINE (IIT Bombay business incubator) as a mentor and is a key member of the Healthcare Special Interest Group (SIG) of the IIT Bombay Alumni Association. He is also on the Evaluation committee of the govt. biotech incubator BIRAC for their BIG grant proposals and also serves on the Board of Directors of the IIT Bombay Alumni Association.

Mayur graduated from IIT Bombay in Chemical Engineering in 1987 and then did a Masters in Chemical Engineering from Penn State University and an MBA in Finance from University of Texas at Austin.

Vaibhav is a highly accomplished finance professional with over 20 + years of experience across private equity, investment banking, and Capital markets. At Somerset, he focuses on fund raising, fund management, identifying and evaluating investment opportunities, monitoring and value addition efforts.

Prior to Somerset, he served as Director (Healthcare) at Creador (Emerging markets Focused growth equity fund), where he has successfully managed major investments in domestic formulations, Pharma packaging company and a Hospital. He played an active role in business development, GTM strategy and M&A in various portfolio companies.

Prior to joining Creador, Vaibhav spent five years in the investment banking teams at some of India’s leading domestic investment banks such as Edelweiss Capital. In his investment banking career he has vast experience spanning buy out and Minority transactions. He has also advised several PE funds on exits and have managed several IPOs . He was also with Citi Venture Capital International (CVCI) – Citi’s emerging markets PE business for five years where he was involved in Buyouts and growth equity transactions. 

Vaibhav completed his MBA with Dean’s List honours from the Indian School of Business, Hyderabad, and has a Bachelor in Management Studies from University of Mumbai. He is also a CFA Charterholder.

Dhaval is an investment professional with over 5 years of investing experience. Dhaval joined Somerset in 2021 and focuses on Investment Opportunity evaluation & analysis, monitoring, ESG and Fund Reporting functions.

Prior to joining Somerset, Dhaval worked as an Investment Banking Associate and Strategy Consultant with a boutique Indian Investment Banking Firm for over 3 years handling deal execution, financial modelling, deal structuring and streamlining business strategies for clients across various sectors. Dhaval also worked with BDO India LLP as part of his CA Articled training program handling Corporate Tax Compliances.

Dhaval is a Chartered Accountant by qualification and holds a Bachelor’s degree in Commerce from SIES College.

Pragya is an investment professional with over two years of investing experience. She joined Somerset in 2026 and focuses on investment opportunity evaluation and analysis, monitoring, ESG, and fund reporting functions.

Prior to joining Somerset, Pragya spent over two years as a Senior Analyst with a KPO, handling deal execution, financial modelling, and valuation analysis for a UK-based PE client focused on health tech and resource efficiency. She also worked with Godrej Properties as part of her summer internship during her MBA.

Pragya completed her MBA (PGDM) from MDI Gurgaon, has cleared two levels of the CFA Program, and holds a Bachelor’s degree in Commerce (Hons.) from St. Xavier’s College, Kolkata.