Who are we

Airawat Indices is among the first India-based index providers, which aims to bring innovation to the Indian indices market, by building customised indices. All our offerings are, and will be, based on Indian ground realities, and will use alternate investment factors in the investment decision-making process. Airawat has been founded by thought leaders, who are rooted in the Indian ethos.
Airawat is a joint venture between Excellence Enablers, a niche Corporate Governance and ESG advisory and research firm, and Decimal Point Analytics, a tech-enabled research and data analytics firm.

Joint Venture Partners

Our Offering

Airawat Touchstone
Mid-cap Index

Airawat Touchstone Mid-cap Index (ATOM Index) is Airawat' s first index. It is a thematic index designed to serve investors seeking to invest in well-governed mid-cap companies. The index comprises 30 midcap companies. The methodology to select the 30 companies, comprising ATOM, captures financial quality as well as corporate governance standards.

Why Us

Offerings based on
Indian ground realities

Created by the thought leaders rooted
in the Indian ethos.

Built to bring innovation to the
Indian Indices market.

A Tech-enabled Index provider
building customized Indices.

Offerings built to incorporate growing alternate investment factors in the investment decision-making process.

Has an oversight committee, comprising persons independent of operations of Airawat, for better index administration.

Leadership Team

M. Damodaran

Chairperson, Excellence Enablers
For over five decades, Mr. Damodaran has worked in prominent positions with the Union and various State governments in India, regulatory bodies, investment institutions, banks, development financial institutions and with the private sector.
He has been the Chairman of Securities and Exchange Board of India (SEBI), Unit Trust of India (UTI) and Industrial Development Bank of India (IDBI). While at SEBI, he was elected Chairman of International Organisation of Securities Commissions (IOSCO’s) Emerging Markets Committee. He has headed the highly successful restructuring efforts in Unit Trust of India (UTI) and Industrial Development Bank of India (IDBI). He has also scripted the turnover strategy for 3 weak Public Sector Banks.
Over the years, he has been Chairman of several high-powered committees, constituted by RBI and Ministry of Corporate Affairs, including recently being appointed Chairman of Expert Committee to recommend changes in regulations and law relating to PE/VC Investments.
He is the founder of Excellence Enablers. He has over 45 years of Boardroom experience as a Director on the Boards of several listed (including nifty 50) companies, and as Chairman/ member of their Audit Committees and Risk Management Committees.

Shailesh Dhuri

CEO, Decimal Point Analytics
In a career spanning over 25 years, Mr. Dhuri has been associated with companies such as Unit Trust of India (UTI), Credit Agricole Indosuez and Ceat Financial Services.
While at UTI, he played an instrumental role in starting India's first private sector bank, and in starting India's first money market fund. During his tenure at Ceat Financial Services, he made the company the most active market maker in the Indian bond market.
He is the founder and CEO of Decimal Point Analytics, and is leading the company's initiatives to build new industry verticals, where none exist at present.
He is also a member of the Data Analytics Working Group of the Institute of Actuaries of India (IAI).


The core team of Airawat has expertise in Equity Markets, Mutual Fund industry, Data Analytics, Model Building,
Artificial Intelligence/ Machine Learning, Corporate Governance and ESG.


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