Ajay Shah

Ajay Shah is the Managing Director and Co-Founder of Shah Capital Partners (SCP).

SCP is a family office focused on investments in Private and Public equities, Real estate, Energy & Energy Transformation and Technology companies in Enterprise software, Mobility, Fintech, Agriculture and Healthcare.

Previously, Ajay had been with SilverLake, a global technology focused private equity investment firm since 2007, where he was the Co-Founder and Managing Partner of the firm’s middle market growth fund, Silver Lake Sumeru. Subsequently he was involved in the spinout of Sumeru Equity Partners from Silverlake and served as a member of its Investment Committee.

He served as Chairman of the Board of Smart Global Holdings (Nasdaq: SGH)–which he co-founded in 1989–from 2011 till 2022. He previously served as President and Chief Executive Officer of SGH from February 1989 till December 2000 and then again from June 2018 to August 2020. 

Ajay currently serves on the boards of directors of Roadzen, Inc. (Nasdaq: RDZN) and a number of private technology companies including Maui Greens, Vast Data, and Gyan.AI. He previously served on the boards of several public and private technology companies, including Magellan Navigation, Inc., AVI-SPL, Inc., CMAC MicroTechnology, Flex (FLEX), Ingenient Technologies Inc., Power-One, Inc., PulseCore Semiconductor, Spansion Inc, Merlin, and Locaweb, among others.

In the not-for-profit sector, along with AIF, Ajay serves on the board of the Indian School of Business (ISB). He is a member of the Advisory Council for the Stanford Research Institutes and previously served on the boards of Northern California Public Broadcasting, the National Audubon Society, the Tech Museum in San Jose and the Stanford School of Engineering. He is a senior fellow of the American Leadership Forum. 

Ajay has a B.S. in Engineering from the University of Baroda, India, and an M.S. degree in Engineering Management from Stanford University.

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