Shah, a Harvard and Illinois Institute of Know-how alumnus, oversaw the incubation and development of a number of new companies of the group corresponding to MahindraLogistics, which went public a couple of years in the past, Mahindra Susten, an EPC enterprise within the inexperienced power area, and FirstCry, a preferred kidswear model that ultimately turned a unicorn.
As managing associate of Mahindra Companions, he additionally led investments in companies exterior the group, notably within the healthcare area the place the agency backed Medwell Ventures, based by former Fortis Hospitals’ chief govt officer Vishal Bali, and Delhi-based ophthalmology chain Centre for Sight, based by Dr Mahipal Sachdev, a former practitioner at All India Institute of Medical Sciences.
Shah is organising his personal enterprise, as per an inside observe circulated to workers by M&M’s group chief govt officer Anish Shah. ET has seen a duplicate of the observe.
Mahindra & Mahindra declined to remark. Shah didn’t reply to ET’s request for remark.Shah’s exit follows that of different senior executives such because the agency’s head of investments Raj Kamal Agarwal and head of healthcare Pirojshaw Sarkari, each of whom have give up prior to now two years to pursue different alternatives.