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All That Dips Pvt Ltd, specialises in global cuisine dips & sauces

VnF is an agritech company which procures fresh produce directly from farmers & delivers to hotels/restaurants/cafe with technological interventions

GVFL completes 29 years of Venture Financing.

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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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. Dukhabandhu Rath
Managing Director

Mr. Dukhabandhu Rath has joined as the Managing Director of GVFL. He has meritorious experience of 36 years in the Indian Banking industry. He worked with State Bank of India in all facets of Banking as a business leader and result driven professional. He has successfully performed a wide variety of roles and assignments at Corporate as well as Regional Offices of State Bank of India in Corporate Governance, Commercial Banking, Human Resources & Industrial Relations Management. He has been recognized as a top performer and been conferred with several honours, awards and recognitions in his career.

He possesses a proven track record of consistently exceeding business and financial targets whilst ensuring compliance with highest service standards and operational efficiencies. He has hands-on experience in providing a long-term vision and creative strategic focus towards achieving business goals. He has a passion to build and groom large teams to cohesive units of performers.

His last assignment in SBI was as Chief General Manager, Ahmedabad Circle (akin to Executive Director in PSBs)


Mihir Joshi

Mr. Mihir Joshi has been with GVFL for over 15 years and has experienced all stages of VC life cycle - fund raising, structuring of Funds, investments and harvesting returns to the investors. His learning curve started with liquidation of 3 funds (22+ exits) through various routes including IPO, secondary sale, acquisition, management buy out and buy back. He has been associated with some of the marquee investments of GVFL and represented GVFL on board of several investee companies like e-infochips etc..

He is a member of Screening Committee of Technology Entrepreneurship Program (TePP), panel for setting up of Biotech Incubation Centre by DBT, and has been with the CIIE Investment Committee in the past. He is also a TiE charter member.

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

Varun Joshi
Vice President

Mr. Varun Joshi joined GVFL in September 2018. He is responsible for 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. Earlier he worked as a founding team member for Phi Capital, 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 started his corporate finance / investment career with Advisory & Merchant Partners AG, a boutique advisory firm in Switzerland.

He did his MBA from ESADE Business School, Barcelona, Spain and Bachelor of Engineering (Computer Science) from RGPV Bhopal.

Tarun Agrawal
Senior Associate

Mr. Tarun Agrawal 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 GVFL, Tarun worked with CIIE where he lead the investment activities in Rajasthan for startups and also performed due diligence for startups for incubation program. Previous to that, he was with JRL Financial Services and Fortress Financial Service where we worked on startup based projects, performed research for respective markets and prepared financial modeling for educational trust, social media analytics company.

Tarun completed his MFE (Economics) and MBA (Finance) from Ohio University, USA, CFA (ICFAI) from ICFAI University, Tripura and B.Com. from University of Rajasthan, Rajasthan.

Ravinder Thakur
Senior Associate

Mr. Ravinder Singh Thakur is a techno-commercial investment professional with unique blend of venture capital and pharmaceutical research and development experience. Ravinder is a part of investment team and is involved in deal sourcing, evaluation, structuring and portfolio management / exit management.

Prior to GVFL, he was associated with GSK, Hester Biosciences and Veeda Clinical Research and has served pharmaceutical, biotechnology and clinical research domains in operational capacity.

He has done M.Sc. (Biotechnology) from Bangalore University and Diploma in Finance from Ahmedabad Management Association (AMA).

Sakshi Shah

Ms. Sakshi Shah is involved in deal sourcing, deal appraisal and monitoring of investee companies from bio-technology, Start-up & SME Funds of GVFL. She works very closely with the investee companies in their strategy, operations and compliances. Sakshi has earlier worked with manufacturing division of Reliance Industries Limited in the capacity of a Process Engineer.

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

Param Patel
Senior Associate

Mr. Param Patel is currently involved in deal sourcing, deal appraisal and monitoring of investee companies at GVFL. Prior to GVFL, he assisted in evaluation of corporate clients’ strategic positioning and development of recommendations on potential strategic actions and capital raising. He analysed and advised on a broad range of financial matters to companies’ management and coordinated with legal, regulatory, accounting and other advisors.

He obtained his MBA from CUNY Baruch College, New York, Bachelors of Law (LL.B.) from Gujarat University. He is certified Chartered Accountant (CA) from ICAI.

Saurabh Nair
Relationship Manager

Mr. Saurabh Rajan Nair is responsible for raising funds, investor interactions, market communications, building new relationships and other functions related to the company & fundraising at GVFL Ltd. Saurabh had previously worked for Markit India and SNL Financial. He also has experience of raising over $15 million from UHNI’s for real estate projects with US based Pacifica Companies.

Saurabh has an Engineering degree from Gujarat University and MBA (Marketing and Finance) from Indian Business Academy, Greater Noida.

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
Manager (HR & Administration)

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.