Private credit fund Modulus Alternatives makes Alok Agarwal equity partner

Modulus Alternatives has brought in Alok Agarwal, former chief financial officer of Reliance Industries, as an equity partner. He will enter with 17.3% equity stake, which is set to increase over a period of time. Modulus is raising its second fund, targeting growth in the Indian private credit market.Modulus Alternatives is promoted by Centrum Capital. Chandir Gidwani and Jaspal Bindra are the promoters of Centrum Capital.