EY veteran Ajay Shah to join ace investor Madhu Kela’s family office
MUMBAI: Ajay Shah, a partner in India, who leads the election framework in the media, education and technology sectors, is a partner in India, and is joining the family office of the senior investor Madhusu, a senior investor Madhusu to develop a full -scale financial services platform in asset management flows.
Shah, who spent about twenty years in EY, was turning to the application of investment banking in technology, media and entertainment, telecom (TMT), education, business and communication sectors of the latest audit company.
In the last three years, byju’s, Aakash training services, PVR, Inox Leisure, Mastek and Physicswallah, many of them have advised more than $ 100 million in a dozen transactions.
Shah’s appointment at Kela’s family office MK Ventures Capital Ltd underlines the increasing demand for dealers with deep sectoral expertise and reliable corporate networks.
Industrial executives familiar with development, the Shah’s focus on financial services, potentially will be responsible for establishing a new platform focusing on consultation, credit, reserve technology and embedded finance.
The Shah confirmed that he would join Kela, but refused to share more details.
After resigning as a chief investment strategist at Reyian Capital, the movement points to an ambitious turn for Kela, which operates as a public market investor to a large extent after establishing MK Ventures in 2018. LTD.
Kela, a market veteran with more than 27 years of experience LaWhen it was released in 2017, assets under 1 trillion administration.
For the last few years, Kera has created a major portfolio among non -listed companies listed through the family office. According to public files, MK Ventures (formerly known as Moneyboxx Capital) has an important share in Choice International, Sangam India, Niyogin Fintech, Nazara Technologies and other companies.
Most of its latest exposure is on the equity side, while the industry is actively evaluating the opportunities to create platforms between financial services, including lending, fintech and distribution.
The entrance of the Shah is expected to catalyze this expansion.
Kela’s big bet
The Shah recommended some of the most complex operations in India’s Edtech and the media. These include BYJU’s Aakash Training Services and Grade High Profile Purchases, PVR’s merger with Inox free time, and PVR’s SPI cinemas have previously acquired.
He also played an important role in Great Learning’s acquisition of $ 600 million in the Allen Career Institute for Great Learning’s Northwest Executive Education and Bodhi Tree Systems. The Shah was influential in multiple donations collection, cross -border merger and inheritances and strategic restructuring agreements including global and Indian players.
Although MK Ventures wanted to raise and identify the external capital, the company plans to build a full -pile business organization instead of functioning as a passive investor, and demanded anonymity that is aware of anonymity of a person’s plans.
“Madhu has always supported the high conviction ideas early and has capital for his deployment. What he needs was someone who understood how he would build the structure, manage the governance and how to bring together ecosystems. This person said.
Shah’s movement reflects a wider tendency of experienced consultants and dealers who have moved to entrepreneurial or investor -supported initiatives from global consulting companies. With many medium -sized companies who want to scal or reinforce the markets with liquidity, the family offices want to build business branches with domain experts instead of writing checks.
For the Shah, this refers to an important career pivot from consulting to ownership and execution. And the movement for Kela is potentially preparing the ground for the next big bet – not just choosing the winners, but building them from scratch.
