Board of Directors

Shri. A. P. Shrivastava
IAS, Additional Chief Secretary, Finance Department, Government of Madhya Pradesh.
Shri. V.L. Kantha Rao
IAS, Principal Secretary, MSME, Government of Madhya Pradesh.
Smt. Smita Bharadwaj

IAS, Managing Director, Madhya Pradesh Financial Corporation (MPFC).

Shri. Sanjay Randhar

 Managing Director, GVFL, Ahmedabad.

Dr. Sandeep Kadwe

 Managing Director and Chief Executive Officer


Dr Sandeep Kadwe is the Managing Director and Chief Executive Officer (MD & CEO) of Madhya Pradesh Venture Finance Limited (MPVFL). He is also the MD of the Trustee Company.

Dr Kadwe has over 26 years of experience in various sectors and functions, including Investment Banking, Capital Markets, Private Equity, Merchant Banking, Market Research and Techno Economic Feasibility Study, Technology Incubation, IT Services, E Solutions Strategy Design and Development, Joint Ventures, M&A, Due Diligence, Valuation, Structuring and Distribution of Equity and Debt Products across global and Indian markets. He is also renowned as Turnaround Expert, Mentor, Trainer, Counselor and Start Up Entrepreneur. Earlier he served on Board of several global and Indian companies and also worked in several positions as Engineer, Management Consultant, Strategy Director, MD & CEO, Board Advisor. The projects he handled were from sectors such as Shipping, Ship Services and Ship Chandling, Ship Management, Engineering Design Development and Manufacturing, Heavy Engineering, SME, Chemical, Plastic and Polymers, Pollution and Environmental Control, Power Generation, Core and Infrastructure Sector, Education and Edutainment, Entertainment, IT Services, E Business and E Governance, Real Estate and Development, Retail, Logistics and Distribution, MEP, Electrical and Electronics, Government and Public Sector Undertakings, Banking and Finance, Multinational and Conglomerates, Agriculture, Floriculture, Horticulture, Food Processing and Packaging, Restaurants and Hospitality, New Age Technologies including Dot Coms, Healthcare, Printing and Publishing to name a few. Dr Kadwe holds PhD in Economics, MBA in Finance, MBA in Marketing, PG Diploma in Capital Market Management and Graduate Degree in Mechanical Engineering. He has authored two books, has been visiting faculty to management institutions and he has expressed his views through articles and interviews in various leading publications, seminars, conferences globally and domestically on topics related to NRI Remittances, Sick Industry, Housing Sector, Industry etc.


Ankush Tiwari is the Company Secretary of MPVFL. He handles compliances and regulatory affairs of MPVFL along with provides day to day legal & secretarial support. Prior joining MPVFL he was associated with Retail Industry and Telecom Industry handling legal, regulatory and secretarial affairs of the organization along with handling day to day affairs with sectoral regulators including TRAI, DOT and RBI. He served as single point of contact for regulators on behalf of the organization. He was also involved in registration and renewal of IPR. He also has experience in procuring and renewal of various legal licenses including SACFA approval from DOT, IPRS, PPL, trade license. During his association in telecom industry he submitted response to consultation paper of TRAI regarding proliferation of broadband on behalf of his organization.


Vivek Shrivastava is Associate Vice President of MPVFL. He has over 7.7 years of post-qualification experience in the field of Investment banking, Corporate Banking and Corporate Finance. He has worked with Cat-1 Merchant Banker: Batlivala & Karani Securities; Banhem Securities and Helios Capital Advisors in the domain of Investments, Mergers & Acquisitions, and Valuation & Modelling for Private Equity, M&A, Fairness Opinion, Business Valuation, Debt Syndication and Working Capital assignments. He played the pioneer role in executing deals from the start of deal cycle till the end as well as post deal review and coordination at Batlivala & Karani in Mumbai. He was appreciated by the Chairman & Vice Chairman of the company for generating profitable deal investments, setting up recurring deal pipeline, executing deals in the new sectors like Solar, Renewable energy. He has been successfully executed deals in the ticket size ranging from INR 5 Crore to INR 350 Crore. He is a Masters in Business Administration (MBA) in Finance and Operations from Amity University, Noida. He completed his Computer Engineering from RGTU, Bhopal.