Skip to content

About

We invest in young companies and people who are solving difficult problems

A Father-Son duo

In 2019 Father and son duo- Arvind and Akshat realized that new age companies are going to be the future growth engine of the Indian Economy and were contemplating how to participate in it. They were approached to fund a small start-up at the beginning of the Covid pandemic. One thing led to another and soon they had funded a bunch of companies amongst them some marquee names. The success of this model led them to create a platform to accelerate growth for young companies as well as bring their considerable operational and business expertise to more mature companies. Hence AG Ventures was born.
AG Ventures, established in 2022 is a family office that is focused on investing in Indian opportunities, primarily in the disruptive category ecosystem in India- including D2C and health tech. It has also taken LP positions in some prominent funds. AG Ventures will also look at picking up minority stakes in large businesses while partnering with like-minded individuals and sponsors to play an active role to create growth and value for all.
The platform aims to accelerate growth for global startups emerging out of India. With an aim to build a solid foundation for the next generation problem- solving businesses via funding, strategic support, networking and securing capital, AG Ventures works towards investing with innovative companies looking to transform.
$ 0 Mn
CAPITAL MANAGED
0 +
STARTUPS BACKED
0 +
FUNDS INVESTED IN
1800s
Beginning of the 19th Century
Beginning of the 19th Century- RamDutt Goenka started as a banker and trader in Kolkata. He migrated from the village of Dundlod in Rajasthan. He soon became a successful agent of the British textile houses. His work spanned into jute and tea. With his son, Ramkishendas, they succeeded in colonial India.
1800s
1900’s
By the early 20th century
By the early 20th century- their fourth generation- Sir Badridas Goenka & Sir Hariram Goenka took the business forward and were knighted by the British for their contribution to industry and society.
1900’s
After Independence
Post Independence
Soon after India’s Independence, the family was one of the first to form JV's and do M&A's. They moved into manufacturing and exporting by acquiring Octavius Steel, negotiated for a stake in Duncan Brothers for jute and tea, transitioned into textiles, cables, engineering and carbon black.
After Independence
1960’s
The Fifth Generation
With the fifth generation headed by Keshav Prasad Goenka, the family saw growth in these businesses.
1960’s
1970’s-80’s
1970’s-80’s
In 1979 Keshav Prasad Goenka, split his business amongst his three sons- Rama Prasad Goenka, Jagdish Prasad Goenka and Gouri Prasad Goenka.
1970’s-80’s
1978
JP Goenka
Jagdish Prasad took over jute, wool, cotton, textiles, carbon black, oil lubricants and engineering. A visionary leader with 55 years of experience across industries, he also held many illustrious positions through the 70's and 80's: Chairman- Indian Woollen Mills Federation Chairman – Calcutta Jute Fabrics, Shippers Association President- Bengal Mills Owner Association Chairman- Indian Jute Mills Association Chairman- Indian Cotton Mills Federations
1978
JP Goenka is also renowned for his collection of Indian Miniature Paintings and Old Indian Coins both of which are globally recognized as amongst the best in the world. He also represented India in bridge. JP Goenka received various companies as part of his share, among them Oriental Carbon & Chemicals Ltd and Duncan Engineering which are thriving today.
His son, Arvind Goenka has been looking after all business interests since the 1980’s and successfully introduced the product Insoluble Sulfur in 1992. This has been the business on which the group has survived and grown since then. Akshat Goenka joined the business in 2010 and has been taking it forward along with his father.

Investment Committee

Arvind_Goenka

Arvind Goenka

Arvind is an inspiring leader who has successfully led OCCL in its journey to becoming a global supplier and a domestic leader in its category. An alum of the prestigious Calcutta University, Arvind graduated in commerce. He has shown great entrepreneurial spirit and bold decision making while building his company with pride, passion and perseverance. A strong believer in the startup industry, Arvind is committed to accelerating the growth of young founders. He is a known philanthropist and has a keen interest in Art and Food. You can usually find him in the early hours playing golf while discussing business ideas with his friends.

Akshat_Goenka

Akshat Goenka

Akshat is young, aspiring and brings a dynamic energy to the team. He started his career at OCCL in 2010 and is a new generation leader who is spearheading the company into a future-ready high-performance organization. In addition, Akshat is the MD of Duncan Engineering Limited, a subsidiary of OCCL. Through his intensive approach and bold initiatives, he has successfully turned around the subsidiary and made it profitable. He takes keen interest in different companies and startups. His passion is to continuously learn something new through them as well as to help them with his own operational expertise. Akshat is a graduate in Economics and International Relations from the University of Pennsylvania, USA and has completed the Owners/President Management program at the Harvard Business School. When not working, he can be found hunting new investments, traveling different places, reading the Economist and watching Liverpool’s football games!

Raj

Raj Jain

Raj Jain is an inspiration- a “Street CEO”. With 40 years in the field of multinationals- his career began with Unilever. He is a 3-time CEO across 4 countries leading large companies like BCCL, Walmart India and Whirlpool. He is a humble servant leader and advisor to CEOs across different sectors. His work motto is fuelled by his belief in the power of people, relationships and simple consumer truths. You can often hear him say, “The beauty of a business is in its simplicity, and I have learnt these simple truths from the streets of country, working with my teams, sleeves rolled and mind open.” Raj wants to accelerate businesses in India either as new players or seasoned players looking to diversify. He is energised by young businesses and you can often find him talking to ‘youngsters’ about their ideas and their future plans!

Nitin

Nitin Kaul

A strategic mind with an infectious personality- Nitin is currently a partner with Helios Investments. His expertise lies in strategic consulting, M&A, restructuring and business transformations across multiple segments. With 20 years of experience, he co-founded Syndeo Capital, a boutique advisory firm. An MBA from Warwick Business School and a MSc in Investment and Portfolio Management from City University Business School, Nitin worked at Gates Corporation as President for Oil and Gas/Marine business, as well as the Automotive and Industrial businesses across emerging markets. He was a member of the senior management team that led the sale of Gates Corporation to Blackstone for $5.4 billion in 2014. Prior to Gates, Nitin has worked at Tomkins and Arthur Andersen. Nitin also serves on the Boards of Directors of Axxela, OVH Energy, TPAY Mobile FZ-LLC and Misr Hytech. He also obtained a BSc in Business Management from King’s College, University of London

Reach Out to Us