# MGA Ventures

MGA Ventures is a Venture Capital based in Mumbai, India.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Mumbai, India
- **Region:** Asia
- **Address:** Mumbai, India
- **Assets under management:** Undisclosed
- **Website:** mgaventures.in
- **LinkedIn:** https://in.linkedin.com/company/mga-ventures

## Regulatory record

- **Reports private funds:** No

## About

MGA Ventures operates as the single-family office for the Ashra family. Gautam Rasiklal Ashra serves as promoter and maintains ties to Bliss GVS Pharma. The firm was formed to manage family capital with a focus on India. Investment activity spans public equities, private equity, venture capital, private credit, and real estate. Deployment occurs via direct co-investments, SPVs, and fund-of-funds vehicles. Confirmed technology areas include AI/ML, Biotech, Enterprise Software, and Web3. Geographic reach stays within Asia, centered on India. Portfolio holdings referenced on the firm site include positions in Cryptowire and Stan. Team size remains undisclosed. Additional Mumbai offices support operations at Vikas Building and Kalina. Gautam Ashra holds roles at Bombay Gymkhana and the Foreign Exchange Brokers Association of India. No dated operational events from the last 24 months appear in available records. The office integrates family members directly into investment decisions through designated partner roles, creating a closed governance loop between wealth and operations.

## Sectors

- FinTech
- AgriTech & FoodTech
- ClimateTech
- Digital Health
- EdTech
- Industrial Tech
- InsurTech
- PropTech
- SpaceTech
- Mobility & Transportation
- Healthcare Services

## People

- Gautam Rasiklal Ashra — Promoter
- Jay Desai — Partner and Head of Investments
- Mamta Gautam Ashra — Designated Partner
- Aaryaman Kagzi — Investment Associate
- Hardiki Shah — Investment Analyst

## Questions

### Who runs investment decisions at MGA Ventures?

Gautam Ashra acts as promoter. Jay Desai serves as Partner and Head of Investments. Aaryaman Kagzi and Hardiki Shah support as Investment Associate and Analyst.

### How does MGA Ventures source proprietary deal flow?

The firm relies on local Mumbai networks and relationships tied to Gautam Ashra's positions at industry associations and clubs.

### Does MGA Ventures participate in fund commitments or only direct deals?

Both. The firm uses fund commitments alongside direct co-investments and SPVs.

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- [Meyer Investment Group](https://altss.com/profile/meyer-investment-group)
- [Michigan Family Office](https://altss.com/profile/michigan-family-office)

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Last updated: 2026-06-03T20:00:00.000Z

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