Mr. Parag Shah is Founder and Partner of Amara Partners, an early-stage Private Equity fund. Amara Partners provides growth capital to businesses and supports entrepreneurs in business transformation, innovation, change management and institutionalization.

Prior to this venture, in a career spanning over 24 years, Parag has held various positions with the Mahindra Group. He has extensive experience in building new businesses, startups, turn arounds, joint ventures, and mergers & acquisitions. In his last role, Parag was Member of the Group Executive Board and Head, Mahindra Accelo. Parag was one of the chief architects and Managing Partner of Mahindra Partners, the 1 Bn USD Private Equity and Venture Capital division of the Group which was responsible for incubation, turnaround and investments in several sectors like Cleantech, Retail, Boat Manufacturing, Consulting, Media, Healthcare, Conveyor Systems, AI & Analytics. He was an Executive Committee member of various councils of Mahindra Learning University. He was the Group lead for business representation in Israel.

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Piyush co-founded Amara Partners in 2023 along with Parag. Piyush has been investing over the last 12 years of his 14-year professional journey. Prior to starting Amara, he was a Director at Omidyar Network India. He has invested across sectors such as SaaS, services, real estate and healthcare and across stages, from seed to growth stage companies. He has taken active board seats in many of his portfolio companies and drives value through growth interventions (refreshed GTMs, acquisitions), margin expansion (pricing and cost interventions) as well as capital structure optimization. He has also worked an an investment professional at Mahindra Partners for close to 5 years.

Piyush holds a Bachelor’s of Engineering degree in Electronics & Communications from PESIT, Bangalore as well as a Post Graduate Diploma in Management from IIM Ahmedabad.

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Prior to joining Amara, Mitesh was the FP&A Head at Mahindra Logistics where he was responsible for managing financial planning, budgeting, MIS, stakeholder reporting, analysis, re-structuring, automation, new investments for MLL and its subsidiaries. Before that, he was a part of the investment team at Mahindra Partners, gaining 12 years of investing experience. Mitesh was the Board observer at Mahindra Susten, Mahindra Waste to Energy, Centre for Sight, Mahindra Teqo, Mahindra Solarize and Mahindra Consulting. He was deputed as a CFO for some of the portfolio businesses of Mahindra Partners. He was also the CEO of Mahindra Engineering & Chemical Products Ltd, an office supplies trading company within the Group.

Mitesh is a qualified Chartered Accountant and a commerce graduate from University of Mumbai.

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Prior to joining Amara, Vidhi was part of the Investment Team at Tomorrow Capital, where she worked across sectors like Healthcare, Consumer-tech, Agri-tech, & Warehousing amongst others. She has also worked in Stride Ventures, a Venture Debt fund, where she was part of transactions pertaining to working capital debt and supply chain financing to growth stage start-ups such Infra Market, Fashinza, Zetwerk, Reshamandi, etc.

She holds a Masters in Management degree from Bocconi University and Bachelor in Accounting & Finance from Mithibai College, Mumbai.

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Prior to joining Amara, Bhavya worked as an Investment Banker at Goldman Sachs in their Hong Kong office. She has also worked at Canara HSBC Life Insurance in their actuarial team.

She holds a Master of Business Administration from IIM Calcutta and Bachelor of Business Administration from St. Xavier's College Kolkata.

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Prior to joining Amara, Aayush worked as an Investment Banker at Steer Advisors in their Mumbai office. He has also worked at TresVista, where he served as an extension to a New York-based Buyout-oriented Private Equity fund focused on assets in the Manufacturing, Environmental Services, and Chemicals vertical. He holds a Master’s degree from H.R. College and is a CFA Level 2 candidate.

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