Mr. Parag Shah is the Managing Partner of Mahindra Partners, the 1 Bn USD Private Equity and Venture Capital division of the 20.7 Bn USD Mahindra Group. In a career spanning over 20 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.
Parag is a Director on several Mahindra Group & portfolio companies such as Mahindra Logistics (Listed), Mahindra Intertrade, Mahindra Susten, Mahindra Vehicle Manufacturers, Mahindra Marine, Mahindra Retail, Mahindra Consulting Engineers, Mahindra Waste to Energy & New Delhi Centre for Sight. He is the Group lead for business representation in Israel. He is also an Independent Director on the board of HDFC AMC Ltd.
Parag is one of the chief architects of Mahindra Partners. The Division adapts the Group’s unique strengths of constant innovation, prudence and creative business models with a mandate of incubating new ventures for the Group. Mahindra Partners accelerates value creation through a diversified global portfolio of emergent businesses spanning various industry sectors like Cleantech, Steel, Retail, Consulting, Media, Healthcare, Boat Manufacturing, Conveyor Systems, Recycling, AI & Analytics.
Prior to his current assignment, Parag worked for the Office of the Vice Chairman & Managing Director and was involved in New Business Development and strategy for the Group. He joined the Group in 1999 as Chief Executive Officer of Officemartindia Ltd.
Parag holds a BS Degree in Computer Engineering from the Illinois Institute of Technology with special electives in Psychology and Manufacturing Technology. He is also a graduate of the General Management Program from Harvard Business School.
Parag has been recognized by Economic Times & Spencer Stuart as India’s Top 40 Business Leaders under the age of 40. He was also featured by India Today as ‘Leaders of Tomorrow’ in their anniversary issue. Parag has been an Executive Committee Member of the CII National Committee on Private Equity and Venture Capital, FICCI Solar Energy Task Force, CII National Committee on Renewable Energy, American Alumni Association in addition to other external associations. He is part of the CII National Healthcare Council. He is also an angel investor & is on the advisory board of Trustees of The IndUS Entrepreneurs, Mumbai (TiE).
Parag is affiliated with various NGO associations such as Sabarkanta Relief Committee and S&G Charitable Trust. He has also been a Founder Director of “Executives Without Borders”, an NGO based in USA