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  GVFL exits eInfochips with blockbuster return of 7.4 times of its investment.  
  Recent Developments  

GVFL exits Axio Biosolutions with multifold returns.

Ecotrail Personal Care Pvt Ltd
offers wide range of halal certified,PETA certified, vegan personal care products
read more..

Chhajed Foods Pvt Ltd.
GVFL invests in Chhajed Food
read more..

Formcept Technologies & Solutions Pvt Ltd.
Formcept offers an open cognitive platform that can perform real time data analytics for enterprise clients
read more..

Sequretek IT Solutions Pvt Ltd
Sequretek IT Solutions is an emerging leader
read more..

Vidooly Media Tech Pvt Ltd.
Vidooly Media Tech Pvt Ltd is a SaaS based global
read more..

Varmora Plastech Pvt Ltd
GVFL invests 30 cr in Varmora Plastech
read more..

GVFL Startup Fund
An Early Growth stage sector agnostic fund is actively looking for investments
read more..

GVFL announces
Investment of Rs 40 Cr in Scheduler Logistics India Pvt. Ltd
read more..

GVFL Investee Company Axio Bio Solutions Pvt. Ltd,
Raises second round of investment from Accel Partners and IDG Ventures

Alfa Corpuscles Pvt. Ltd:
Gujarat Biotechnology Venture Fund
read more..

Windfarm Project of SITAC RE: Golden Gujarat Growth Fund-I..
read more..

Home > Our Team
  Our Team  
  GVFL Team revolves around qualified and experienced group of professionals. We do equity investments in early and growth stage companies across sectors in technology, manufacturing, education, healthcare, food & agri, consumer, infrastructure, etc. The unique blend of skills within the team collectively add value to the operations and investments facilitating comprehensive and accurate understanding of a wide range of opportunities to provide creative, financial ,legal and strategic solutions. The team is also equipped with core qualities in terms of analytical ability, responsiveness and decision making.  

Mr. Sanjay Randhar
Managing Director

Mr. Sanjay Randhar  is the new Managing Director of GVFL. He brings on board over thirty years of experience in private equity and banking. His last assignment was in India Venture Advisors Pvt Ltd.

He has experience of entire cycle of investment including conceptualization, fund raising, investment, monitoring, value addition and divestment. He has acumen for evaluating diverse business models. He has been instrumental in making some highly successful investments in Fintech and Healthcare space. Mr. Randhar has Board level experience in several companies across sectors and has provided strategic inputs and value addition to several investee companies as a nominee Director.

Mr. Randhar is B.E.(Mechanical) from IIT Roorkee, DFM and also CAIIB from Institute of Bankers. He is an active speaker and panelist at various Industry Forums.


Mihir Joshi

Mihir Joshi is one of the few venture capitalist in the country who holds complete venture capital life cycle experience At GVFL, he has been involved at all stages of Venture Capital life cycle including raising of capital, structuring of Funds, investments and harvesting returns to the investors. He also has the, experience of liquidation of first three Funds.

As a part of the top management team at country’s premier Venture Capital firm, Mihir has advised senior management of the portfolio companies of GVFL on business model, growth strategies, pricing, customer segmentation, organizational design, technology and IPO. His multi sector experience brings value to the portfolio companies. He is on the Board of number of companies. As a VC partner he ensures strong implementation of Corporate Governance practices.

He has been participating as a Speaker on various events organized by FICCI, CII, and many other institutions and regulatory authorities.

Mr. Joshi has been advocate of various regulatory policies and reforms and has been involved in various initiatives of Government of India He is a member of Screening Committee of Technology Entrepreneurship Program (TePP) in Department of Science & Technology (Govt. of India) and has participated as an evaluation panel member for setting up of Biotech Incubation Centre by Department of Biotechnology, GOI. He has also played a key role in shaping of national level Ignition grant scheme on Biotech project, GOI.

Mr. Joshi plays an active role as a Governing Board member of various incubation centre to promote entrepreneurship which includes Centre for Innovation & Entrepreneurship, IIM, Ahmedabad, Incubationcentre of DA-IICT, Gandhinagar and St Xavier's Research Foundation. He is also Chairman of Indo American Chamber of Commerce, Gujarat Branch.

Mihir is a member of Cost & Works Accountants of India. and the Institute of Company Secretaries of India.

Arvind Modi
Vice President

Arvind handles investments in various sectors including IT, M-Commerce, Education, Clean Technology and Manufacturing sectors. His other responsibilities include Deal Sourcing, working closely with Investee Companies and Divestment.

Prior to joining GVFL, Arvind has worked with HSBC where he was part of Credit Risk Management Team. He also has a significant exposure in project finance for a reputed manufacturing company. He has over ten years of experience in Venture Capital, Investment Banking and Project Financing.

A Chartered Financial Analyst (CFA), Arvind also has a MBA in Finance from Institute of Chartered Financial Analyst of India-Hyderabad. He has undergone a "Venture Capital Development Program" at Indian School of Business, Hyderabad.

Sankalp Bajpai
Vice President

Sankalp Bajpai supports Team’s investments by identifying and analyzing opportunities across sectors. He is involved in making investments across the sectors including IT, Manufacturing and Education. His responsibilities include Deal Sourcing, Due Diligence, assisting investee companies and Divestment.

Sankalp has more than eleven years experience. Prior to joining GVFL, he has worked with ING Vysya Bank Ltd, as a part of the Credit Risk Management team. He played a pivotal role in multiple projects related to ‘Credit Risk Management’ and ‘Wholesale Lending’ operations of the Bank.

Sankalp received a B.E. in Computer Science from Karnataka University and MBA in Finance from Institute of Chartered Financial Analyst of India - Hyderabad. He has also undergone Venture Capital Development Training at Indian School of Business, Hyderabad.


Bipin Kumar
Senior Associate

At GVFL he is associated with the Startup Fund, where he looks into the sourcing and screening of investments in early stage companies.

Prior to joining GVFL he has worked as a Derivatives Trader on Eurex and also as a Corporate finance analyst handling valuation, deal advisory, due diligence.

Bipin is B-Tech from NIT Raipur.and PGDM from IIM Indore

Amit Sharma
Senior Associate

Amit Sharma is part of the Investment team at GVFL. He is involved in deal sourcing, deal appraisal, investment monitoring, at GVFL.

Amit completed his graduation in pharmaceutical sciences from GJU, Hisar, Haryana, India. He has done his MBA in Finance from Institute of Management, Nirma University (IMNU), Ahmedabad, Gujarat, India. At IMNU, Amit founded and was the Fund Manager of a Student Managed Investment Fund (SMIF), eRT CAPITAL.

Earlier, Amit was an entrepreneur himself. He has a sound understanding of FMCG, pharmaceuticals, food and restaurant business.

Anand Shankar

Anand is a part of Investment team in GVFL. He looks for disruptive investment opportunities in early stage and growth companies and is also involved in monitoring portfolio companies of GVFL.

Anand is a Chartered Accountant and Master of Science in Applied Finance from Singapore Management University.

He has around four years of experience in financial sector including Auditing, Accounting, BFSI and Venture capital. Anand has previously served at Standard Chartered group, Keiretsu Forum and AxilorVentures.

Ravinder Singh Thakur

Ravinder is involved in deal sourcing, deal appraisal and investment monitoring of Biotechnology Fund at GVFL. He has over 8 yrs of experience in different domains of Pharmaceutical industry including R&D, Production , Sales & Marketing). Prior to joining GVFL, he was associated with Veeda Clinical Research, where he worked as a Team leader in Bioanalytical Research Team. He was involved in Project management , team management, process execution and quality supervision. He also has worked with companies like Hester Biosciences and Glaxo Smith Kline where he acquired experience in vaccine production and pharmaceutical sales and marketing respectively.

Ravinder has done M.Sc.(Biotechnology) from Bangalore University.

Chandana Chakraborty
Advisor HR& Corporate Communication

Chandana advises the company on all HR related activities, including Preparing job profiles, Recruitment, Induction of New Employees Performance Appraisal, etc. She also looks after Corporate Relations of the company.

Chandana has been associated with GVFL since 1999.She had been responsible for implementing HR systems in the organization and drafting of manuals related to them.

Chandana is a Political Science graduate from Loreto College, Kolkata (University of Calcutta). She has a Post graduate Diploma in Personnel Management from National Institute of Personnel Management, Kolkata.

Darshan Parikh
Associate Vice President.

Darshan joined GVFL in 2008. He is responsible for monitoring and finalization of Accounts of the organization as well as its Funds, preparing the Budget, coordinating with the Auditors and all other miscellaneous functions of the Accounts Department. He is also part of the Investment team, looking after investments across sectors.

Prior to GVFL he has worked with ICICI Bank. He received Eagle Eye award from the Top Management of the Bank in appreciation for his excellence in his respective field. He has about eight years of work experience in field of Accountancy and Finance.

Darshan is an Associate member of Institute of Chartered Accountants of India and an MBA from Nirma Institute of Management, Ahmedabad.

Deep Vaghela
Deputy Manager(Secretarial).

Deep is Company Secretary of GVFL. He handles compliance of all Secretarial matters of GVFL.In addition he provides support to the Investment Team on secretarial compliance of investee companies.

Prior to joining GVFL, he has worked on Secreterial compliance for organisations like Chiripal Group, Ahmedabad. and Banco Group, Baroda. In his previous organization he has also earned experience on matters related to Public issue.

He is an Associate member of The Institute of Company Secretaries of India and an MBA from Gujarat University.

Nitu Chaturvedi
Deputy Manager(Legal)

Nitu takes care of all Litigation, Contracts, Non-litigation matters, Legal Advices, Statutory Compliances of GVFL. She is involved in Drafting, Conveyancing and Vetting of legal documents and responsible for legal due diligence of investee companies. In addition to this, she facilitates resolving legal disputes of the investee companies by extending adequate assistance to Management in terms of coordinating, consulting and providing legal opinion to project heads and consultants.

She is LLM (Masters in Law), has her specialization in Corporate Laws and Commerce graduate from MSU, Baroda.

Prior to joining GVFL, She was associated with Atul Limited and Hitachi Home and Life Solutions (India) Ltd. She has experience to handle all legal
(Civil, Criminal, Corporate, Consumer, Constitutional, Labour and Family) matters and instituting legal practices to secure the best interest of the organizations.

Paresh Khakhkhar
Deputy Manager (Accounts)

Paresh has been associated with GVFL since last 15 years. He has been involved in monitoring of existing investments in field of Accounting, Internal control systems and Tax compliances. Previously he was part of the internal Accounts team at GVFL and involved in day-to-day Accounts, Audit, Tax compliances etc.

Paresh is a Commerce graduate from Gujarat University and C.A. (Inter.) from The Institute of Chartered Accountants of India.

Paresh Shah
Deputy Manager (IT)

Paresh Shah has been associated with GVFL since 2000, Paresh is responsible for all the IT related activities in the organization.

Prior to GVFL, Paresh has worked for eight years in IT field. He was associated with Troikaa Pharmaceuticals, Dishman Pharmaceuticals Ltd and Cadila Pharmaceuticals Ltd.

Paresh is B.Sc.(Physics) from Gujarat University and has been trained in various IT related areas through various certificate courses

Saumya Chandra
Investor Relations

Saumya handles Investor Relations for GVFL. She has 5 years of experience in Project Finance, Banking& Energy consultancy which includes over two years of experience in Green energy.

Prior to joining GVFL Saumya has worked for IL&FS in the renewable energy arm and was closely involved in Business and Financial due diligence of power projects. She has also worked for ICICI Bank where she handled key corporate accounts for their banking needs(service/operations).

Saumya is a B Tech(Electrical) and MBA from JamiaMilia University, Delhi.

Sejal Zaveri
Deputy Manager (P&A)

Sejal has been associated with GVFL with since 2006.She looks after Administration and other allied activities of the company.

Sejal is an Economics graduate from Gujarat University. She has a Diploma in HRM from Ahmadabad Management Association.

Sakshi Shah

Sakshi is part of the Investment team at GVFL. She is involved in deal sourcing, deal appraisal and monitoring of investee companies of GVFL.

She has done MBA in Finance from Institute of Management Nirma University, Ahmedabad and B.Tech from Institute of Technology Nirma University, Ahmedabad.

Sakshi has worked for couple of years with manufacturing division of Reliance Industries Limited in the capacity of Process Engineer prior to her MBA.