Saurabh Agarwal

Managing Director,
Infrastructure, South Asia, CDPQ India


As Managing Director, Saurabh Agarwal has been in charge of CDPQ’s infrastructure activities in South Asia since March 2017. His role involves supporting the organization in developing its strategy in the region. He collaborates with CDPQ’s global investment teams to seize high-quality investment opportunities, and build first-class investment partnerships and platforms for the long term across various infra sectors such as renewables, utilities, roads & highways, telecom, railways, airports, urban mobility etc. He also represents in various forums (govt or private) for strategic purposes such as business development, branding, and advocacy.

Mr. Agarwal has over 21 years of investment and technology sector experience. Before joining CDPQ in 2017, he spent over 10 years at Morgan Stanley, most recently as Executive Director at Morgan Stanley Infrastructure Partners (MSIP), a global infrastructure fund, playing a key role in acquiring and managing fund investments in various industries, including thermal, gas, wind, hydroelectricity, roads and other major infrastructure. He also spent two years in Corporate Finance and Investment Banking Services at Morgan Stanley in Singapore, where he provided expert advice to large energy sector clients. Prior to this, he was a scientific researcher in supercomputer technology at IBM Research Labs and Wipro Global R&D Center.

Mr. Agarwal holds an MBA in Finance from the University of Michigan, a Master’s in Computer Science from Pennsylvania State University anda Bachelor’s in Computer Science and Engineering from India’s National Institute of Technology, Rourkela. He serves as a non-executive director (NED) on the Board of CLP India, a company in the utilities sector, as well as Maple Infra InvIT Investment Manager Private Limited and Maple Highway Project Management Private Limited, companies in the road and highway sectors in India. He has previously served as NED on the Boards of several investee companies of MSIP.