MK Ventures Capital Limited (formerly IKAB Securities & Investments) has announced a significant leadership restructuring following its board meeting on December 19, 2025. The company has appointed Ajay Shah as an Additional Director and its next Managing Director & CEO, subject to regulatory approval from the Reserve Bank of India (RBI). Mr. Shah, a veteran investment banker with nearly 20 years at EY, succeeds ace investor Madhusudhan (Madhu) Kela, who will transition to the role of Non-Executive Chairman once the appointment is finalized.
