# The Khimji Foundation

The Khimji Foundation is an Endowment / Foundation based in Irving, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Irving, United States
- **Region:** North America
- **Address:** Irving, TX, United States
- **Founded:** 2017
- **Assets under management:** $50M - $100M (Altss estimate)
- **Website:** khimjijewellers.com
- **LinkedIn:** https://www.linkedin.com/showcase/khimji-foundation/

## Regulatory record

- **Reports private funds:** No

## About

The Khimji Foundation was formed in 2017 in Irving, Texas, by Mahmood Khimji, a co-founder of the real estate investment firm Highgate Holdings. The foundation represents the philanthropic and investment vehicle for a family enterprise whose origins trace to the Khimji Group, a diversified Indian-origin conglomerate with operations in jewelry retail, freight forwarding, consumer products, and infrastructure. Dinesh Khimji chairs the flagship jewelry division, while Mitesh and Sumeet Khimji manage day-to-day operations and sister-foundation activities in Odisha, India. The foundation combines direct venture exposure with hard-asset holdings. Its investment posture centers on venture capital, where it has pursued generalist private-market allocations alongside known co-investors. In one documented instance, Vann Avedisian, Mahmood Khimji's business partner at Highgate, co-invested with the foundation in Potbelly Corporation. On the real-asset side, the foundation owns a mixed-use property at 160 East 35th Street in New York City. Operational subsidiaries and inventory include four Khimji Jewellers showrooms in Odisha — at Saheed Nagar (Bhubaneswar), Jajpur Road, and Angul — plus a reported position in gold and diamond inventory, linking the foundation's balance sheet to the family's legacy jewelry trade. Team scale is undisclosed, and the foundation operates without a publicized standalone staff beyond the named Khimji family trustees and directors. The family maintains membership in the All India Gem and Jewellery Domestic Council and the FICCI Odisha State Council, reflecting ongoing operational ties to India's jewelry trade. Two separate Khimji Foundation entities — one in Texas and one in Odisha — execute parallel philanthropic mandates across healthcare, education, women's empowerment, and community development. No recent hiring or vehicle launches were verifiable as of mid-2026. The architecture is distinct: a US-domiciled foundation with direct venture investment powers, cross-border family governance, and a balance sheet that includes both liquid venture positions and tangible inventory from an operating jewelry business. That combination — foundation entity plus operating-company inventory reflected on the same economic balance sheet — departs from the standard grant-making foundation model and gives the Texas entity a hybrid endowment-and-operating-company character.

## Sectors

- Venture Capital (General)
- Real Estate
- Luxury
- Consumer Products

## Offices

- Bhubaneswar, Odisha, India

## People

- Mahmood Khimji — Founder, Trustee
- Dinesh Khimji — Founder, Chairman of Khimji Jewellers
- Mitesh Khimji — Managing Director of Khimji Jewellers, Director of Khimji Foundation (Odisha)
- Sumeet Khimji — Director of Khimji Jewellers, Director of Khimji Foundation (Odisha)

## Questions

### How is The Khimji Foundation related to the Khimji Group and Khimji Jewellers?

The foundation is the philanthropic and investment arm of the Khimji family, whose wealth originates from the Khimji Group, a diversified Indian conglomerate. Khimji Jewellers, chaired by Dinesh Khimji, is the group's flagship jewelry retail business with showrooms across Odisha. The foundation's balance sheet includes gold and diamond inventory linked to this operating company.

### Is The Khimji Foundation structured as a grant-maker or an investment vehicle?

It operates as a hybrid. The Texas-domiciled entity makes direct venture investments — evidenced by a Potbelly Corporation position co-invested with Highgate partner Vann Avedisian — and owns New York real estate. Simultaneously, it runs philanthropic programs in healthcare, education, and community development through sister operations in Odisha, India.

### What asset classes does The Khimji Foundation hold?

Confirmed exposures include venture capital, New York City real estate at 160 East 35th Street, and physical gold and diamond inventory from the family jewelry business. The foundation lists venture capital as its strategic focus, but does not disclose a percentage allocation to each asset class.

### Does The Khimji Foundation participate in fund commitments or only direct deals?

Publicly verifiable activity shows only direct investments, including a direct co-investment alongside a business partner in Potbelly Corporation. There is no record of fund commitments or limited partner positions in third-party funds.

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

Canonical page: https://altss.com/profile/the-khimji-foundation

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