Regulatory Excellence
Full compliance with applicable regulations and industry best practices, ensuring secure and transparent transactions.
About Binary Bonds
We built Binary Bonds to give India's debt markets a desk that owns the whole mandate.
Binary Bonds is a specialised division of Binary Capital, focused exclusively on the primary and secondary bond markets.
We underwrite, structure, price and place debt for banks, high-net-worth individuals, mutual fund houses, insurance companies and financial institutions across India. Our expertise lies in achieving optimal outcomes through prudent risk assessment and strict regulatory compliance. With over ₹2,000 crore underwritten and 150+ institutional clients, the desk has become a trusted partner in India's debt capital markets.
Our mission is to transform aspirations into achievements by empowering our clients' financial futures with integrity, expertise and an unwavering commitment to delivering exceptional value.
Bonds underwritten
₹2,000Cr+Institutional clients
150+Rating partners
AAAWhat we stand on
Market Expertise
Deep understanding of primary and secondary bond markets with a proven track record across economic cycles.
Institutional Focus
Specialized services tailored for banks, insurance companies, mutual funds and high-net-worth individuals.
Credit Rating Partners
Strong relationships with top credit rating agencies, helping clients achieve optimal ratings.
Swift Execution
Efficient processing and settlement with dedicated relationship managers for seamless transactions.
Risk Management
Comprehensive risk assessment frameworks protecting client interests while maximizing returns.
Institutional InvestorsBanksHigh Net Worth IndividualsMutual FundsInsurance CompaniesPension FundsNon-Banking Financial CompaniesFamily Offices
Senior leadership
The desk behind the mandate.
SV
Shray Vasudeva
Founder & DirectorInvestment Banking & Debt Markets · 12+ years
Expert in secondary bond market trading with deep relationships across institutional investors and market makers. Specialized in corporate bond structuring and underwriting.
MBA, International School of Business and Media
RK
Rati Ravi Kant
DirectorCredit Analysis & Risk Management · 11+ years
Decade-plus at EY across assurance, consulting and financial crime advisory. Certified Fraud Examiner with deep expertise in credit rating advisory and risk assessment for corporate and government securities.
Certified Fraud Examiner (CFE), MBA Finance (Cardiff University)