Angel investors focus on helping startups to grow rather than concentrating on profits the company make. Most small businesses don’t have awareness about angel investors or are clueless about finding an angel investor. So in this post, we have come up with one such popular Padma Shri Awardee Angel investor,T.V. Mohandas Pai, who is the Chairman of Manipal Global Education, and also an ardent supporter of the Akshaya Patra Foundation.
T.V. Mohandas Pai is the co-founder of Akshaya Patra, the world’s largest midday meal program, and works actively with government and regulators on policy recommendations and guidelines. Mohan has served as the Chairman of the Board of SEBI, and is now a Board Member of the National Stock Exchange in India. He has emerged as one of India’s most prolific angel investors.
He studied at Bangalore University and St. Joseph’s College of Commerce.
He was voted ‘CFO of the Year’ in 2001 by IMA India, has won the ‘Best CFO in India’ award from Finance Asia in 2002, and ‘Best chief financial officer in India’ in the Best Managed Companies poll conducted by AsiaMoney in 2004.
Companies He Invested
Mohandas Pai made 29 investments. Their latest investment is Corporate Round-Tone Tag on May 30, 2018. SAHA fund, Zimmber, Uniken, Licious, Kaaryah, FairCent, Byju’s, Counsyl, ZoomCar, Praxify, YourStory are some of his investee companies. Mohandas Pai invested $8M in Tone Tag.
Lack of capital is the biggest handicap for Indian startups.Only 10 percent of the capital in startups in the country now is Indian. We do not want to be a digital colony, said TV Mohandas Pai, addressing Union Finance Minister Nirmala Sitharaman, at a post budget interaction held by Bangalore Chamber of Industry and Commerce in Bengaluru.
He strongly feels overseas companies are not investing in India due to regulations and their need for ease of doing business.
He proposed government school children should not be left out of proper education .These students can be given tablets costing Rs 10,000 each, with preloaded software for education within 2 years.