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GP Group (Shah Family Office)
GP Group traces to 1918 when Kirit Shah's family built its base in rice trading before expanding into shipping, pharmaceuticals, construction and resources.
GP Group (Shah Family Office)
GP Group traces to 1918 when Kirit Shah's family built its base in rice trading before expanding into shipping, pharmaceuticals, construction and resources. Nishita Shah, eldest daughter of Kirit Shah, serves as Group Managing Director and public face. The office maintains headquarters in Bangkok. The portfolio mixes listed equities, private equity, real assets and direct co-investments. Confirmed positions include joint ventures with Aditya Birla Group in Thai Peroxide Company Limited and with Tata Steel in Sila Eastern Co. Ltd. Real-asset holdings span Grand Mercure Bangkok Atrium, Hyatt Regency Sofia and RIU Palace Sveti Vlas. Capital reaches Asia, Europe and North America through early-stage, growth and late-stage commitments in sectors that include AgriTech & FoodTech, Healthcare Services and Mobility & Transportation. The office lists 945 million dollars under management on an Altss estimate basis. Additional vehicles include the GP Foundation and the Matushri Manibai Shivji Devjee Kanya Kelvani Fund. Nishita Shah holds membership in YPO and the Thai Institute of Directors. No operational events from the last 24 months appear in available records. The family maintains direct ownership of operating businesses such as the MJets aviation joint venture with William Heinecke and the Naree fleet. This integration of strategic holdings with investment activity distinguishes the structure from pure financial offices.
General information
Firm type
Single Family Office
Year founded
1918
Location
Region
Asia
Country
Thailand
City
Bangkok
Corporate office
Bangkok, Thailand
Principals
Kirit Shah
Chairman
Nishita Shah
Group Managing Director
Shiraz Poonevala
Director of Investments
Sector focus
Frequently asked questions
Who runs investment decisions at GP Group?
Nishita Shah holds the Group Managing Director title and serves as the public face. Shiraz Poonevala acts as Director of Investments. Kirit Shah remains Chairman and patriarch.
How does GP Group source proprietary deal flow?
The office draws on long-standing joint-venture relationships such as those with Aditya Birla Group and Tata Steel. Family operating businesses in aviation and shipping generate additional opportunities.
Does GP Group participate in fund commitments or only direct deals?
The office uses direct co-investments, SPVs, private equity and fund-of-funds structures. It also holds secondaries and distressed positions.
What investment stages does GP Group typically target?
The firm covers early stage, growth, late stage and seed investments. It also executes distressed and turnaround transactions.
Where does the underlying wealth come from?
The Shah family fortune originated in rice trading in 1918. It later diversified into shipping, pharmaceuticals, construction and resources.
Does GP Group maintain philanthropic structures?
Yes. The GP Foundation and Matushri Manibai Shivji Devjee Kanya Kelvani Fund operate alongside the investment office.
What is GP Group's known posture on co-investments alongside external GPs?
The office executes direct co-investments and maintains joint ventures with named partners including Aditya Birla Group and Tata Steel.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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