Mr. Dalal is Vice Chairman of IIML. Mr. Dalal has 26 years of financial markets and investment experience. While at IIML, Mr. Dalal had made investments in private equity transactions with an aggregate capitalization value in excess of $9.5 billion. Prior to IIML, Mr. Dalal served as the Chief Executive Officer of IL&FS's Asset Management Strategic Business Unit. Prior to that, Mr. Dalal was at the Industrial Credit and Investment Corporation of India ("ICICI"). Mr. Dalal was actively involved in the initial public offerings of Indraprastha Gas and Shoppers' Stop. Mr. Dalal is a member of the India CEO Forum, which is affiliated with the IMA (International Market Assessment Group).

Mr. Dalal received a Bachelors degree in Commerce from Bombay University (India) and a Masters degree in Business Administration from Northeast Louisiana University (United States).