Biography of of Ankit Kedia: Founder and CEO of Capital-A- Entrepreneur
The Journey of Ankit Kedia:
Early Foundations and Education
Ankit Kedia’s journey began with a solid educational
foundation. After his early schooling at Bishop Cotton Boys’ School and Christ
University in Bangalore, where he developed a passion for music and drama,
Ankit pursued a Bachelor’s degree in Business Administration at Western
Michigan University. There, he immersed himself in retail and consumer packaged
goods, actively participating in professional business fraternities and
conducting significant research on RFID technology in retail.
Advanced Studies and Business Acumen
Following his undergraduate studies, Ankit attended the
prestigious SP Jain Institute of Management & Research in Mumbai. His MBA
focused on operations, marketing, and international markets, further sharpening
his business acumen. During this period, he gained invaluable insights into
family businesses and developed a strong network with fellow second-generation
entrepreneurs across India.
Early Career and Family Business
In 2006, Ankit embarked on his professional journey by
joining Manjushree Technopack Limited, a family-owned business. Starting as a
trainee in production planning, he quickly rose through the ranks,
demonstrating his leadership abilities and strategic vision. By 2011, he was
inducted onto the Board of Directors, where he played a crucial role in
expanding the company’s operations and revenue.
Biography of of Ankit Kedia: Founder and CEO of Capital-A- Entrepreneur /Startup/Age/Net worth/Ankit Kedia story/arly-stage venture capital fund/Capita
Transforming Manjushree Technopack
Ankit’s tenure at Manjushree Technopack was marked by
significant achievements. Under his leadership, the company’s sales and
marketing division grew from $10 million in 2010 to $100 million by 2019. He
was instrumental in several key strategic moves, including a stake sale to
private equity firms and the acquisition of a rival packaging company in 2016.
His efforts helped Manjushree become South Asia’s largest rigid plastic
packaging manufacturer.
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Strategic Divestment and New Ventures
In 2018, Ankit and his family decided to divest controlling
stakes in Manjushree Technopack to Advent International, a global private
equity firm. This strategic move allowed Ankit to explore new ventures and
further his interests in the startup ecosystem. He used the experience gained
from the family business to guide his new ventures and investments.
Founding Capital-A
In 2021, Ankit founded Capital-A, an early-stage venture
capital fund. With an initial corpus of INR 200 crore (approximately $25
million), Capital-A focuses on investing in startups across various sectors,
including electric vehicles, mobility, fintech, and gaming. Ankit’s aim with
Capital-A is to back innovative startups that are tackling real-world problems
with scalable solutions.
Role at Manjushree Packtek
Alongside his role at Capital-A, Ankit also serves as the
Managing Director of Manjushree Packtek Ltd., a company specializing in
sustainable packaging solutions. Manjushree Packtek provides eco-friendly paper
cups and containers, emphasizing research and development to meet the growing
demand for sustainable packaging.
Additional Director at RR Global
In February 2024, Ankit took on a new role as an Additional
Director at RR Global, specifically for RR Wires (Shramik). This role involves
overseeing strategic decisions and contributing to the growth of the company,
further broadening his professional horizon.
Early Career Insights
Before his entrepreneurial ventures, Ankit gained experience
as a Category Financial Analyst at Roundy's Supermarkets, Inc., where he was
involved in detailed sales analysis and budget revisions. This role provided
him with early insights into financial planning and retail operations.
Transition to Startup Investments
Following the successful sale of Manjushree Technopack,
Ankit and his family decided to formalize their approach to investments. They established
a family office with a professional CEO and a clear Investment Policy Statement
(IPS). This transition was crucial in distinguishing between public and private
market investments.
Establishing Capital-A’s Identity
The establishment of Capital-A represented a significant
shift from public market investments to a focused approach on private equity.
Ankit’s experience in managing and growing businesses provided a strong
foundation for this new venture, which aims to invest in tech-enabled and purpose-driven
startups.
Championing Sustainable Packaging
Ankit’s commitment to sustainability is evident in his work
with Manjushree Packtek. The company’s focus on developing and providing
sustainable packaging solutions aligns with the growing global emphasis on
environmental responsibility. This role allows Ankit to contribute to the
eco-friendly packaging industry while leveraging his extensive business
experience.
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Advancing Medical Device Distribution
In addition to his venture capital and packaging roles,
Ankit also founded Caremont, a medical device distribution and manufacturing
venture. Caremont is known for its partnerships with leading global brands and
its focus on bringing innovative medical technologies to the market.
Cultural and Personal Interests
Outside of his professional life, Ankit has a rich cultural
background. His involvement in music and dramatics during his school and
college years reflects his diverse interests. These experiences have shaped his
approach to business and personal life, contributing to his well-rounded
personality.
Leadership and Growth
Throughout his career, Ankit has demonstrated exceptional
leadership and strategic thinking. His ability to navigate complex business
landscapes, from family-owned enterprises to venture capital, highlights his
adaptability and vision. His leadership in expanding Manjushree Technopack and
founding Capital-A showcases his commitment to growth and innovation.
Impact on the Packaging Industry
Ankit’s contributions to the packaging industry,
particularly through Manjushree Technopack and Manjushree Packtek, have had a
significant impact. His efforts in transforming the rigid plastic packaging
market and promoting sustainable solutions reflect his dedication to driving
positive change in traditional industries.
Strategic Divestment and Investment Philosophy
Ankit’s approach to strategic divestment and investment is
characterized by careful planning and a focus on long-term goals. His experience
with Manjushree Technopack and the subsequent establishment of Capital-A
exemplify his ability to make informed decisions that align with evolving
market trends.
Commitment to Innovation
Ankit’s commitment to innovation is evident in his investments
and business ventures. Whether through Capital-A’s focus on emerging
technologies or Caremont’s role in medical device distribution, Ankit
continuously seeks opportunities to drive progress and contribute to meaningful
advancements.
Building a Legacy
Ankit Kedia’s career reflects a dedication to building a
legacy of excellence and innovation. His journey from a family business to a
prominent venture capital investor illustrates his ability to navigate diverse
industries and create lasting impact. Ankit’s story serves as an inspiration
for aspiring entrepreneurs and investors alike.
Timeline of Ankit Kedia's Journey:
Early 1990s - Attended Bishop Cotton Boys’ School and Christ
University, Bangalore.
1996-2000 - Bachelor’s degree in Business Administration,
Western Michigan University.
2000-2002 - MBA in Operations, Marketing, and International
Markets, SP Jain Institute of Management & Research.
2006 - Joined Manjushree Technopack Limited as a trainee.
2011 - Became a Board Member at Manjushree Technopack.
2016 - Oversaw the acquisition of a rival packaging company.
2018 - Divested controlling stakes in Manjushree Technopack
to Advent International.
2021 - Founded Capital-A, an early-stage venture capital
fund.
2024 - Appointed Additional Director at RR Global for RR
Wires (Shramik).
Ongoing - Serves as Managing Director of Manjushree Packtek
Ltd. and continues with Capital-A and Caremont.
