About
Ajay Mahipal is co-founder and partner at HealthKois, a healthcare transformation fund focused on India. He is also a partner at HealthQuad and holds credentials as a chartered accountant. His experience spans healthcare and healthtech venture capital investing, investment management, portfolio monitoring, exits, equity capital markets, private equity, and mergers and acquisitions.
Experience
- HealthKoisCo-Founder and Partnercurrent2025 β present
- BDL - Beta Drugs Ltd.Board Membercurrent2024 β present
- WysaBoard Membercurrent2022 β present
- BeatOBoard Membercurrent2022 β present
- ekincareBoard Membercurrent2022 β present
- Qure.aiBoard Membercurrent2022 β present
- CarePalBoard Membercurrent2021 β present
- HealthQuadPartnercurrent2021 β present
- Frontizo (Amazon Patni JV)Board Member2017 β 2021
- Currae Healthtech FundHead of Investments2015 β 2021Mumbai Metropolitan Region
- Patni Family OfficeHead - Alternate Investments and Corporate Strategy2013 β 2021
- SREI Infrastructure Finance LimitedSVP - Investment Banking2010 β 2013
- Elara CapitalSVP & Head - Energy & Infrastructure, Investment Banking2010
- Elara CapitalCountry Head (India), M&A and PE Advisory2009 β 2010
- Elara CapitalAssociate Vice President2008
- Ernst & YoungSenior Associate, TAS2006 β 2007
- American ExpressSenior Financial Analyst2005 β 2006
- PepsicoManagement Trainee2004 β 2005
Education
- Indian Institute of Management, LucknowMBA, Finance2002 β 2004
- CFA Institute (US)CFA Level III Candidate, CFA2006 β 2008
- EsadeMBA (Exchange Program), Finance2002 β 2004
- ICAICA, Finance2000 β 2003
- Shri Ram College of Commerce (SRCC)B.Com.(H), Commerce1999 β 2002
- Mount St. Mary's SchoolXII, Commerce1998 β 1999
Skills & more
Investment Banking16Financial Modeling3Private Equity14Corporate Finance3Valuation1Capital Markets3MergersProject Finance1Financial AnalysisEquitiesMergers & Acquisitions10Banking4
+2 more
FinanceFinancial StructuringFrom Ajay's professional profile.
Same school
Also attended Indian Institute of Management, Lucknow27
Nitin SethChief Executive Officer (Incedo) at Mission HoldingsNakul MandanFounder & Partner at AudaciousNikhil SoaresAdvisor - Supply Chain at Augment VenturesVickaash AgrawalInvestor at Illuminati CapitalKarthik SelvarajOperations at Hashed EmergentRavinder VashistPartner at Roots Ventures
+ 21 more
Also attended Esade219
Francesco MoroPrincipal at Burda Principal InvestmentsAndrea AmadorCompliance Manager at Inveready Technology Investment GroupJosep Maria EcharriManaging Partner & CEO at Inveready Technology Investment GroupIgnacio FontsNon Executive Chairman at Inveready Technology Investment GroupRaΓΊl GallegoGeneral Partner at Inveready Technology Investment GroupJoan MirallesHead of Administration & Valuation at Inveready Technology Investment Group
+ 213 more
Also attended Shri Ram College of Commerce (SRCC)39
Esha VatsaInvestor at Mercuri.vcPooja MongaSenior Investment Associate at Beyond Capital VenturesShakthi ChandraAnalyst at Dallas Venture CapitalVarun DalalPartner at Inovia CapitalVikram ChachraGeneral Partner & CIO at 8i VenturesManish DabirSenior Advisor at Elevar Equity
+ 33 more
Shared employers
Also worked at HealthKois3
Also worked at HealthQuad4
Also worked at Ernst & Young1,007
Tyler WilsonSenior Accountant at Felicis VenturesSandra SchwarzerInvestor at Index VenturesLinn Hege AuneInvestor at InvestinorTorjusInvestor at InvestinorAngela ToyPartner & COO at Golden Gate VenturesMahesha SubramaniamHead of Client Relations at Golden Gate Ventures
+ 1,001 more
Also worked at American Express117
Victoria TreygerGeneral Partner at Felicis VenturesGabriella GiglioHR & Executive Talent at General CatalystKen ChenaultInvestment Team at General CatalystRebecca JamesInvestor at Index VenturesTed LeonsisFounder & Partner, Revolution Growth at RevolutionKatrina PagliaChief Legal Officer at Pantera Capital
+ 111 more
Colleagues at HealthQuad
Abrar Mir
Investment Committee at HealthQuad
Charles-Antoine Janssen
Managing Partner at HealthQuad
Dr. Amit Varma
Investment Committee at HealthQuad
Dr. Pinak Shrikhande
Managing Director at HealthQuad
Kanika Jain
Associate at HealthQuad
Manali Rajgaria
Finance Manager at HealthQuad
Manan Kalra
Analyst at HealthQuad
Megha Kaul
Office Manager at HealthQuad
























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