MKVentures Capital Limited, originally established as Kankani Textile Industries Ltd in 1991, is a Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India. Over the years, it underwent several name changes, with the most recent rebranding to MKVentures Capital Limited occurring in November 2022. The company focuses on delivering financial services.
In the fiscal year 2021-22, MKVentures experienced a significant management change when Mr. Madhusudan Kela acquired a controlling 83.66% stake in the company's paid-up equity share capital. This acquisition was facilitated through open offers and share purchase agreements, following SEBI regulations, leading to a change in the promoter group as the previous promoters, including Mr. Indra Kumar Bagri, exited their roles.
