# Ratnaafin Group

Ratnaafin Group is an Asset Manager based in Ahmedabad, India.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Ahmedabad, India
- **Region:** Asia
- **Address:** A&B Wing, 9th Floor, Vastrapur, Ahmedabad, Gujarat, India
- **Founded:** 2018
- **Assets under management:** Undisclosed
- **Website:** www.ratnaafin.com
- **LinkedIn:** https://linkedin.com/company/ratnaafin

## Regulatory record

- **Reports private funds:** No

## About

Unlock the capital your business needs with SME financing solutions, from Working Capital Loans to Machinery Loans.

## Sectors

- Financial Services
- Industrial Tech

## People

- Nilesh Prakash Sanghvi — Chairman and Managing Director
- Malav Desai — Joint Managing Director and CEO
- Nishad Shah — Co-Founder and Director

## Questions

### Who runs investment decisions at Ratnaafin Group?

Nilesh Prakash Sanghvi, the group's founder, serves as Chairman and Managing Director, setting strategic direction. Day-to-day investment execution is led by Joint Managing Director and CEO Malav Desai. Co-Founder Nishad Shah also holds a director-level role in the firm.

### How does Ratnaafin Group source its deals?

Ratnaafin operates through a hybrid model that combines direct MSME loan origination with equity investments. Its balance-sheet lending activity — primarily working capital and machinery loans — generates proprietary visibility into small-business credit needs. The firm also co-invests alongside venture platforms like ah! Ventures, as it did with fintech company LoanAdda.

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- [Ratio Wealth Group](https://altss.com/profile/ratio-wealth-group)
- [Raub Brock Capital Management](https://altss.com/profile/raub-brock-capital-management)

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

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