Ajay Relan is a graduate in Economics from Delhi University and received his PGDBM from the Indian Institute of Management, Ahmedabad. His work experience includes working for Citigroup and Chase Manhattan Bank in India and overseas. He founded and is currently the head of Citigroup's private equity venture in India.

Ajay Relan is also Director on the Boards of Citicorp Finance India Ltd., I Flex Solutions Ltd., Orbitech Ltd., Micro Abrasives Ltd., Gujarat Glass Ltd., Monnet Ispat Ltd., HT Media Ltd., Yes Bank Ltd. and Suzlon Energy Ltd.