Archive · 29 Jun 2025
EY's Ajay Shah Joins Madhu Kela's Family Office
Imagine a smart investor named Madhu Kela who is very good at picking successful companies.
He's now teaming up with Ajay Shah, an expert in helping companies with money and deals.
Together, they're creating a new financial services business.
Ajay will use his skills from working with big companies to build this new platform.
Madhu is known for growing investments, and this new venture will help him expand even more, aiming to build companies from the ground up, not just invest in them.
Ajay Shah, a former EY partner, is joining Madhu Kela's family office.
Shah will help develop a financial services platform at MK Ventures Capital Ltd.
He has advised on major transactions in the media, education, and tech sectors.
Madhu Kela previously built Reliance Mutual Fund's equity portfolio.
This move indicates a shift towards building operational entities in the finance sector.
- Who
- Ajay Shah, Madhu Kela.
- What
- Ajay Shah is joining Madhu Kela’s family office to build a financial services platform.
- When
- Not explicitly stated, but recent.
- Where
- Mumbai, India.
- Why
- To build a financial services platform, expanding Kela's investment ventures.
- New Role
- Joining MK Ventures Capital Ltd
- Previous Role
- Partner at EY India
- Kela's Experience
- 27+ years in market, built Reliance Mutual Fund
- Focus
- Financial services: advisory, lending, wealth-tech
- Transactions advised by Shah
- Byju's, Aakash Educational Services, PVR, Inox Leisure