Top 20 Indian Venture Capitalists in U.S.


Man with a Mission

The commercial sector is gradually maturing along with the technology curve, companies are realizing that technological adaptation no longer remains an option, but has become a necessity. Mithril Capital, a multi-billion dollar venture, was established on the principle that a deep understanding of technology and markets allows for investing with confidence, irrespective of sector or geography. Spearheaded by Ajay Royan, he leads the firm as the managing general partner, combining his insights from technology, macroeconomics, and finance, and investing in businesses that deploy state-of-the-art technology to solve intractable problems, often in traditional sectors long overdue for innovation. Before founding Mithril, Ajay was a managing director at Clarium Capital Management, where he focused primarily on unleveraged growth investments.

Ajay grew up in India, Abu Dhabi, and Canada. He studied at Yale University, where he also served as a guest lecturer on macro investment. Additionally, he is associated with the prestigious Science Advisory Board of the Oak Ridge National Laboratory and was elected to the Presidents’ Circle of the National Academies of Science, Engineering, and Medicine. Ajay often advocates for entrepreneurship and endorses technological innovation in media forums such as Bloomberg, CNBC, The Financial Times, and The Wall Street Journal. As an investor in the technological sector, he believes in partnering with great creative minds and building long-term relationships in industries as diverse as cybersecurity, advanced medical devices, and fusion energy. This conviction allows Royan to partner with credible organizations, offering both strategic and financial support in building powerful and sustainable franchises worldwide, via Mithril.

An Empathetic Entrepreneur Turned Investor

“Your identity as an entrepreneur does not depend on your ethnicity or your college education. It depends on the sacrifices you make for the sake of your business.” These are the humbling words from Mirza Baig, founding partner of Aldrich Capital Partners, on entrepreneurship in a new world.

Mirza began his journey into business by earning his degree in BA, Economics at Cornell University in 1994 and would soon grab an MBA at the Harvard Business School in 1999. He went on to serve as the CFO of AOL’s e-commerce unit for four years. Using the fiscal knowledge he gained over this period, Mirza co-founded three companies—Legal Advantage, Imaging Advantage, and Tech Fetch. He built these companies from zero revenues and sub-10 employees to well over a hundred million dollars in revenue, and over five hundred employees globally.

Since Mirza is a serial-entrepreneur turned venture capitalist, he understands the journey of budding entrepreneurs better than most other investors. He empathizes with the blood, sweat, and tears that business owners sacrifice and he feels grateful to be a part of their journey as an investor. This knowledge has enabled him to bring out the potential in several business owners.

As a leader in Aldrich Capital Partners, Mirza aims to invest in healthcare, I.T, fintech, and application software companies in the lower middle market that are founder-run businesses with more than ten million dollars in revenue. With the expertise and charisma of Mirza Baig at its helm, Aldrich Capital Partners is bound to grow exponentially in the coming years.

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