MEMG Family Office

Overview

Established in 2016, MEMG Family Office is a single-family office based in Bengaluru, India, managing the assets of Dr. Ranjan Pai, the founder and chairman of the Manipal Education and Medical Group (MEMG). The office focuses on delivering evergreen growth capital through selective allocations across venture capital, private equity, and public markets. The investment strategy of MEMG Family Office is sector-agnostic, with a notable emphasis on healthcare, education, technology, and real estate. The office has executed 23 investments, with activity peaking in 2018, 2021, and 2023. Its portfolio companies collectively generated ₹31,598 crore in revenue as of 2024. Key operational exits include the corporate majority acquisition of Aakash Educational Services in June 2025. Dr. Ranjan Pai, a medical graduate from Kasturba Medical College, Manipal, and a fellow in hospital administration in the United States, leads the family office. His vision has been instrumental in MEMG's growth, with the office investing in 10 companies as of June 2024. The internal rate of return for MEMG Family Office and its partner, Aarin Capital, is in excess of 20%. The office's investments span various sectors, including consumer goods, fintech, edtech, and healthcare, reflecting Dr. Pai's commitment to fostering innovation and societal transformation through entrepreneurship.

Investment Focus

• Strong management team
• Scalable business model
• Clear path to profitability
• Alignment with MEMG's strategic interests
• Potential for significant impact in the sector
• Focus on healthcare and education sectors
• Interest in global expansion
• Preference for investments with significant growth potential
• Willingness to engage in both early-stage and mature companies
• Alignment with MEMG's values and mission
• High growth potential
• Scalable business models
• Strong management teams

Portfolio Companies