Mahansaria Group
Mumbai holding of the Mahansaria family: off-highway and two-wheeler tyre makers plus a family office making venture investments and VC/PE fund commitments.
USEFUL FOR Fund managers raising capital · Business owners seeking a long-term partner · Co-investors
Family & background
- FAMILY
- Mahansaria
- WEALTH ORIGIN
- Tyres and paper boards (Balkrishna Industries, Alliance Tire Group)
- HEADQUARTERS
- Mumbai, India
Investment approach
- STAGES
- Growth
- ROUTES
- Companies (own capital) · Funds (as LP)
- STRATEGIES
- Direct investmentsVenture capitalFunds (as LP)
Overview
Mahansaria Group comprises the companies and investments of the Mahansaria family, Ashok and Yogesh Mahansaria, who co-promoted Balkrishna Industries and built Alliance Tire Group, sold to Yokohama Rubber in 2016. Its operating companies are Mahansaria Tyres (Ascenso off-highway tyres) and Reise Mitas Tires (two-wheeler tyres). The Mahansaria Family Office invests in VC and PE funds and makes selective direct venture investments, usually in post-revenue companies alongside other investors; its portfolio includes Nykaa, Avendus Capital, GrayQuest, FlexiLoans, Sugar Cosmetics, ASG Eye Hospital and InsuranceDekho.
Investment thesis
Sector-agnostic, selective direct investments in post-revenue ventures with large markets and credible paths to leadership and profitability, usually co-investing rather than leading, with patient long-term capital.
Holdings & investments (12)
INVESTMENT ARMS & VEHICLES
- Off-highway tyre manufacturer (Ascenso brand)
- Two-wheeler tyre manufacturer, 76% held by the group
HOLDINGS & INVESTMENTS · MOST RECENT FIRST
- NykaaConsumer & E-commerce
- Avendus CapitalFintech
- GrayQuestFintech
- Wheels EMIFintech
- FlexiLoansFintech
- Sugar CosmeticsConsumer & E-commerce
- Tiivra VenturesConsumer & E-commerce
- ASG Eye HospitalHealthTech
- Just DeliveriesIndustrial & Manufacturing
- HudleConsumer & E-commerce
- Third Eye DistilleryConsumer & E-commerce
- InsuranceDekhoFintech
People
Frequently asked questions
Mahansaria Group is a family holding based in Mumbai, India.
Mahansaria Group invests on behalf of the Mahansaria family (Tyres and paper boards (Balkrishna Industries, Alliance Tire Group)).
Mahansaria Group invests its own capital into companies and in third-party funds as an LP. Its stated asset mix includes direct investments, venture capital and funds (as lp).
Mahansaria Group invests at Growth stage in Consumer & E-commerce, Fintech, HealthTech and Industrial & Manufacturing.
Key people at Mahansaria Group include Ashok Mahansaria (Promoter) and Yogesh Mahansaria (Promoter; Founder and MD, Reise Moto).
Mahansaria Group's holdings and investments include Nykaa, Avendus Capital, GrayQuest, Wheels EMI, FlexiLoans, Sugar Cosmetics, Tiivra Ventures and ASG Eye Hospital, among others.