Swapnil graduated with honors with a BBA in Finance from the University of Texas at Austin. After starting his career in energy investment banking at Simmons and Company in 2003, the leader moved on to Forum Partners, a multibillion-dollar global real estate private equity firm. His role in the company involved originating, structuring, and executing real estate investments across the Asia Pacific.
Swapnil founded Nitya Capital in 2013 and has since driven the company to new heights. His keen entrepreneurial spirit has set the company in good stead, dealing with all challenges and ultimately emerging as a winner.
The privately-held real estate investment firm headquartered in Houston, Texas, manages over $2 billion in real estate assets across the US. With more than a decade of experience in the areas of multifamily, commercial, and new development, the company primarily specializes in acquiring opportunistic and value-added multifamily properties, along with asset management and property management.
Its mission is to raise the value of its portfolio through exhaustive renovations, optimizing returns to investors, and offering residents a safe and nurturing environment.
LEADING FROM THE FRONT
Swapnil spearheads all aspects of the company’s operations, including financing and investor relations. In addition, he oversees strategic planning and investment decisions. Since Nitya’s early inception, Swapnil’s impeccable leadership has driven the company to continue its stellar uptrend trajectory.
The goal-oriented leader’s mission is to make his company stand out as the operator of choice, focusing on the importance of investor-operator relations. Aside from Nitya Capital, Swapnil also founded Karya Property Management to invest, manage, and develop multifamily properties in Texas and across the country.
As the CEO of the company, he manages the organization’s portfolio of over 16000 units throughout Houston, Austin, Dallas, Las Vegas, Salt Lake City, Kansas City, and San Antonio. Together, these companies operate more than 20,000 multifamily homes, 1.5 million square feet of commercial space, and 300,000 square feet of retail and single-family portfolios, totaling more than $2.5 billion.
Through his unwavering efforts, the determined leader personally closed deals worth more than $3 billion in India, China, Australia, and Korea, deploying more than $600 million in equity.
Swapnil also served as the Head of Alternative Investments at Virtus Real Estate Capital in Austin, Texas. He oversaw multi-family assets across the United States while working at Virtus.
AN EMPOWERING TEAM PLAYER
Swapnil is a thoughtful team player through and through. He places a high value on hiring talented employees and makes every effort to bring out the best in them. In his view, his employees are his best assets, as their dedication and efforts enable his companies to achieve exceptional results. He opines that only a diverse and motivated team can support company innovation, devise novel solutions to problems, and boost productivity.
MAKING THE WORLD A BETTER PLACE
Swapnil is passionate about community and philanthropic causes. He hopes to leave a legacy for the next generation by making an impact on the world.
When he was just 14 years old, Swapnil’s family moved overseas to Houston. Though he grew up on the Southwest Side of Houston, Texas, Swapnil never forgot his Indian roots and vowed to give back to the community the first chance he had.
In keeping with his commitment, Swapnil co-founded the Karya Kares Foundation, a nonprofit organization based in Texas to help the less fortunate recover from their setbacks. He additionally supports many Indian nonprofit organizations and schools.
The compassionate leader is the sponsor of Ek Pahel School in Agra (India), Nai Roshni School in Lucknow (India), Pratham USA, a volunteer-driven NGO, and the Smile Foundation. He is also a founding partner of the Lone Survivor Foundation for wounded combat veterans.
Additionally, Swapnil is a former Board Member of Magic Bus, an Indian NGO that offers life skills education to children and young people. In addition to this, he joined forces with the Rose Group to promote breast cancer awareness and healthcare benefits.
Furthermore, Swapnil has developed playground equipment on properties in partnership with Northwest Assistance Ministries.
GARNERING AWARDS & ACCOLADES
Swapnil’s outstanding contributions to the real estate sector have earned him numerous awards and accolades. In 2019, the leader was named a member of the Houston Apartment Association Board. He is also the recipient of the Pride of India Bharat Gaurav Award 2019 conferred on him by the British Parliament.
He was also named the Most Admired CEO Honoree by Houston Business Journal in 2019. The young leader was also listed as an Honoree of the 40 Under 40 Award by the Houston Business Journal for two consecutive years-2018 and 2019.
Swapnil was honored with the Ernst and Young Entrepreneur of the Year 2017 Award in the Banking and Capital Markets category for the Houston and Gulf Coast Region, including Louisiana and Mississippi. In 2017, he won the Young Entrepreneur Award 2017 from the Indo-American Chamber of Commerce of Greater Houston.
Lastly, the Houston Business Journal named him the finalist for Outstanding CEO of the Year of a Large Company in 2017. Swapnil’s fiery passion has earned Nitya Capital and Karya Property Management a string of awards and honors.
For instance, Nitya Capital was named ‘One of the Fastest Growing Companies in Real Estate 2019’ by Insights Success Magazine. Likewise, Karya Property Management has also been honored with numerous honors.
It ranked 145th Faster Growing Private Company in America Inc. 5,000 for 2018. The company also ranked 8th out of 100 in Houston Business Journal 2018 Fast 100. The leader has also been interviewed by prominent magazines such as the Houston Chronicle, Houston Business Journal, Forbes, and Insight Magazine.