Appointment of Mr. Ajay Shah as Managing Director and CEO subject to approval of Members
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MKVentures Capital Limited's board meeting on May 28, 2026 approved appointment of Mr. Ajay Shah (DIN: 11403884) as Managing Director and CEO, subject to member approval. Mr. Ajay Shah, a CA and LLB with ~30 years experience, joins from EY where he was a senior Investment Banking partner for nearly two decades. He has worked on landmark deals including PVR-Inox, Mastek-Evosys combinations. Concurrently, Mr. Madhusudan Kela was re-designated from Managing Director to Non-Executive, Non-Independent Director. The company also reported FY26 standalone profit after tax of Rs. 1,118.06 Lakhs (vs Rs. 957.70 Lakhs previous year) on total income of Rs. 1,987.15 Lakhs, declared interim dividend of Rs. 0.25 per share, and appointed M/s. Mahesh Chandra & Associates as internal auditor. Capital adequacy (CRAR) stands strong at 88.05%.
Leadership transition from internal to external professional management signals strategic shift in company's direction. Strong capital adequacy and improved profitability are positive signals for shareholders ahead of this management change.