Announcement under Regulation 30 (LODR) - The Board approves the proposal for re-designation of Mr. Madhusudan Kela (DIN: 05109767) from Managing Director to Non-Executive, Non - Independent ....
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MK Ventures Capital's board, at a meeting on December 19, 2025, approved major leadership changes. Mr. Madhusudan Kela, the founder and current Managing Director, will be re-designated as Non-Executive, Non-Independent Chairman, stepping back from executive responsibilities. Mr. Ajay Shah, a Chartered Accountant and LLB with around 30 years of experience including nearly 20 years at EY as a senior Investment Banking partner, has been appointed as the new Managing Director & CEO, subject to RBI and shareholder approvals. Additionally, Mr. Sanket Rathi's designation was revised to Company Secretary & Chief Compliance Officer for a 5-year term under RBI guidelines.
The transition marks a shift from founder-led management to professional executive leadership, which could bring stronger corporate governance and institutional practices. Investors should monitor RBI and shareholder approval timelines for the new CEO appointment, as execution risk may arise during the leadership transition.