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  GVFL in the News  
  GVFL completes 29 years of Venture Financing.  
  GVFL wins CFI.co,UK Award for 'Best Technology Venture Fund Manager India 2018'  
  Recent Developments  

Venture Leap 2019, a joint initiative of GVFL & TIE, Ahmedabad, organised on 27th March, 2019 was one of the biggest ecosystem builder to bring brightest entrepreneurs on single platform to discuss innovative ideas.
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Optimized Eiectrotech is using infra imaging technology for surveillance & Machine vision applications

EroNkan Technologies provides IoT platform to enable IoT technology across industries & verticals

GVFL held the Investor Relations Meet 2018 on 29th June for the GVFL Investors.
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GVFL exited Ratnakar Estate developer (REDPL) at a handsome IRR
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GVFL exits eInfochips with blockbuster return of 7.4 times of its investment.
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GVFL exits Axio Biosolutions with multifold returns.
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Ecotrail Personal Care Pvt Ltd
offers wide range of halal certified,PETA certified, vegan personal care products
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Chhajed Foods Pvt Ltd.
GVFL invests in Chhajed Food
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Formcept Technologies & Solutions Pvt Ltd.
Formcept offers an open cognitive platform that can perform real time data analytics for enterprise clients
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Sequretek IT Solutions Pvt Ltd
Sequretek IT Solutions is an emerging leader
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Vidooly Media Tech Pvt Ltd.
Vidooly Media Tech Pvt Ltd is a SaaS based global
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Varmora Plastech Pvt Ltd
GVFL invests 30 cr in Varmora Plastech
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GVFL Startup Fund
An Early Growth stage sector agnostic fund is actively looking for investments
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GVFL announces
Investment of Rs 40 Cr in Scheduler Logistics India Pvt. Ltd
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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
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Windfarm Project of SITAC RE: Golden Gujarat Growth Fund-I..
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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 four Funds.

As a part of the top management team, Mihir has advised senior management of the portfolio companies of GVFL on business model, growth strategies, pricing, customer segmentation, organizational design, technology and IPO. He is on the Board of number of companies. He has been participating as a Speaker on various events organized by FICCI, CII, and many other institutions.

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

Varun Joshi
Vice President

Varun joined GVFL in Sep 2018 and primarily handles investments and portfolio management of investee companies.

His experience spans across roles in Private Equity, M&A and Institutional Sales in India, Europe and Hong Kong.

Varun started his corporate finance / investment career with a boutique advisory firm in Switzerland. Prior to joining GVFL he worked as a founding team member for a Delhi based private equity fund with responsibility for investments, portfolio management and fundraising. Previous to that he was with the Moody’s Group in Hong Kong as VP Business Development and managed a team of consultants that provided quantitative investment research to global clients.

Varun s is an MBA from ESADE Business School, Barcelona, Spain and Bachelor of Engineering (Computer Science) from RGPV Bhopal.

Tarun Agrawal
Senior Associate

Tarun is a part of the Investment team at GVFL. He is involved in deal sourcing, deal appraisal, and monitoring of investee companies of GVFL. Prior to joing GVFL,Tarun has 6years of experience in various fields including transaction advisory where he has worked on fundraising for various startups and due diligence for seed/ VC funds, industry research, financial modeling, company valuation, and incubation process. He has been part of various deals where he got exposure to different verticals.

Tarun has pursued MBA (Finance) and MFE (Economics) from Ohio University, USA. He also holds CFA(ICFAI) degree from ICFAI University.

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.

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.

Ganapathy Premkumar

Ganapathy is part of the Investment team at GVFL. He is involved in deal sourcing, deal appraisal, and monitoring of investee companies of GVFL. Prior to joining GVFL, he was associated with Total Impact Capital and Libera Partners - boutique merchant banks in the Washington, DC area. He has also worked with ICRA Management Consulting Services Ltd (IMaCS).

Ganapathy has done MS Finance from University of Illinois, Urbana-Champaign and an integrated first degree in Finance from Birla Institute of Technology & Science, Pilani (BITS, Pilani).

Param Patel

Param is a part of Investment team at GVFL. He is involved in deal sourcing, deal appraisal and monitoring of investee companies.

He is a Chartered Accountant , Bachelors of Law (LL.B) from Gujarat University and MBA from CUNY Baruch College, New York.

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.

Hemant Ajmera
Manager (Accounts)

Hemant handles Finance and Accounts functions of GVFL. Prior to joining GVFL, he has7 years of work experience in handling Audit, Accounts and Finance.

He has worked with SBICAP Trustee Company Limited, Mumbai and Light Microfinance Private Limited, Ahmedabad.

He is an Associate member of The Institute of Chartered Accountants of India and also he is a Company Secretary.

Saurabh Rajan Nair
Relationship Manager

Saurabh Nair is a Relationship Manager at GVFL Ltd. and is actively involved in marketing the Firm's capabilities & capital raise with Investor ecosystem.

Prior to joining GVFL Ltd., Mr. Saurabh worked at Pacifica Cos., a U.S. based Real Estate developer, where he supported the firm's investor relations efforts.

Mr. Saurabh holds B.E. from Gujarat University and MBA Finance and Marketing from Indian Business Academy.

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 a fellow of The Institute of Company Secretaries of India and an MBA from Gujarat University.

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.

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.

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

Rajiv Chauhan
Deputy Manager (Accounts)

Rajiv has been associated with GVFL since 2007. Apart from regular accounts work, he is responsible for internal Audit & Statutory audit for companies and all funds.

Rajiv is a Commerce graduate from Gujarat University.