Harsh Agrawal is a Partner at I Squared Capital, focusing on the Firm’s infrastructure strategy in Asia.
Harsh brings more than 18 years of financial services and investing experience. At I Squared Capital, Harsh led the formation of Cube Highways, a toll road operating platform set up in Singapore along with the International Finance Corporation, to acquire and operate toll roads in India. He recently led the divestment of a minority stake by I Squared Capital in Cube Highways to ADIA and Japan Highways International.
Harsh led the team on the 2015 investment in Amplus Energy Solutions, a leading Enterprise Energy Solutions company. In the ensuing four years, Amplus grew from less than two megawatts to a company with more than 100 international customers and over 350 megawatts when it was sold to Petronas in 2019. Harsh has also been instrumental in the creation of THINK Gas, a pan-Asia focused natural gas investment platform, currently with concessions for distributing liquid and compressed natural gas in six geographical areas in India, covering a population of more than 20 million people.
Prior to joining I Squared Capital in 2013, Harsh served for 12 years in various roles at Morgan Stanley in the United States and India. During his career at Morgan Stanley, he was involved in strategic transactions and financings for transportation and infrastructure companies in North America, investing in health care and industrial companies in the United States, evaluating growth capital opportunities for companies in India, and most recently financing infrastructure projects in India as part of Morgan Stanley Infrastructure (MSI).
Before joining MSI, Harsh worked with Morgan Stanley Principal Investments (MSPI) in Mumbai, evaluating investments for Morgan Stanley’s proprietary investments group. Earlier in his career, Harsh worked at Morgan Stanley Capital Partners (MSCP) in New York, where he focused on health care and industrial investments, and Morgan Stanley’s Financial Institutions Group covering insurance companies.
Harsh holds dual degrees in computer science and economics from Lafayette College in Easton, Pennsylvania. He is married with two children and lives in Singapore. Harsh is fluent in Hindi and English.