MKVentures reports ₹10.61 cr profit as Ajay Shah takes the helm
The investment firm posted a modest profit increase for FY26 while formalizing a leadership transition from founder Madhusudan Kela to Ajay Shah.
— 3 earlier stories on MKVentures Capital Ltd. →What's new
- Consolidated net profit rose to ₹10.61 cr from ₹9.49 cr in the previous year.
- Ajay Shah is now MD and CEO; founder Madhusudan Kela moves to Non-Executive Chairman.
- The board declared an interim dividend of ₹0.25 per share with a June 5, 2026 record date.
Why this matters
The leadership change is the primary story here, as the firm moves from founder-led to professional management. While the profit growth is steady, the transition of a founder to a non-executive role is a critical test for a small-scale investment firm.
What we're watching
- How the new leadership team shifts the firm's investment strategy.
- Whether the dividend payout becomes a regular feature of the capital allocation policy.
- The impact of the new internal auditor, Mahesh Chandra & Associates, on governance.
The full read
MKVentures Capital closed FY26 with a consolidated net profit of ₹10.61 crore, a modest increase over the ₹9.49 crore reported in the prior year.
Leadership is changing.
Ajay Shah has officially taken over as Managing Director and CEO, while founder Madhusudan Kela moves into a non-executive role as Chairman. Shareholders will receive an interim dividend of ₹0.25 per share, with the record date set for June 5, 2026. The firm also brought in Mahesh Chandra & Associates as internal auditors to oversee its books. For a nano-cap firm, the shift from a founder-led model to a professional management structure is the most meaningful development in this filing. The next test is whether the new leadership maintains the firm's current trajectory or initiates a change in investment focus.
Questions answered
- What was the financial performance for FY26?
- MKVentures reported a consolidated net profit of ₹10.61 crore, up from ₹9.49 crore in the prior year.
- Who is leading the company now?
- Ajay Shah has been appointed as Managing Director and CEO. Founder Madhusudan Kela has transitioned to the role of Non-Executive Chairman.
- What dividend did the board declare?
- The board recommended an interim dividend of ₹0.25 per equity share. The record date for this payment is June 5, 2026.
- Were there any other administrative changes?
- Yes, the company appointed Mahesh Chandra & Associates as its new internal auditors.
Story so far
All notes on MKVENTURES →- 28 May 2026 · 2:14 PM IST MKVentures reports ₹10.61 cr profit as Ajay Shah takes the helm
- today MKVentures Capital names Ajay Shah as CEO as Madhusudan Kela steps back
- today MKVentures Capital posts ₹10.61 cr profit as Ajay Shah takes the helm
- today MKVentures Capital lifts annual profit to ₹10.61 cr