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Family HoldingPuts its own capital into companiesLAST VERIFIED Oct 2026 · 5 SOURCES

Ajit Khimji Group

Muscat-based diversified group led by Ajit G. Khimji whose core activities are investments and luxury watch and jewellery retail, plus retail, projects and joint ventures.

USEFUL FOR Co-investors

Family & background

HEADQUARTERS
Muscat, Oman

Investment approach

ROUTES
Companies (own capital)

Overview

Ajit Khimji Group is a diversified group based in Muscat, Oman, with a history in the Sultanate traced back over 150 years. Its core activities are investments and luxury watch and jewellery retail (Mistal), alongside retail and project businesses run through its wholly owned Asha Group and joint ventures such as Havas Muscat with Havas Middle East. Its investment business is led by CEO Umesh A. Khimji, co-founder and chairman of Kitara Capital, a co-investment platform for entrepreneurs and business families.

Holdings & investments (1)

INVESTMENT ARMS & VEHICLES

  • Co-investment platform where entrepreneurs and business families come together on co-investment opportunities
  • Asha Enterprises
    100% subsidiary running the group's retail and project businesses
  • Mistal
    Luxury watches and jewellery retail business

HOLDINGS & INVESTMENTS · MOST RECENT FIRST

  • Havas Muscat
    Media & Entertainment

People

  • Umesh A. Khimji
    CEO (investment business); Co-founder and Chairman of Kitara Capital · source
  • Ajit G. Khimji
    Chairman · source
  • Dharmesh A. Khimji
    MD Operations (Mistal) · source
  • Rishi A. Khimji
    MD Business Development (Asha Enterprises) · source

Frequently asked questions

Ajit Khimji Group is a family holding based in Muscat, Oman.

Ajit Khimji Group invests its own capital into companies.

Ajit Khimji Group invests in Consumer & E-commerce, Media & Entertainment and Fintech.

Key people at Ajit Khimji Group include Ajit G. Khimji (Chairman), Umesh A. Khimji (CEO (investment business); Co-founder and Chairman of Kitara Capital), Dharmesh A. Khimji (MD Operations (Mistal)) and Rishi A. Khimji (MD Business Development (Asha Enterprises)).

Ajit Khimji Group's holdings and investments include Havas Muscat.