
Selective, Long-Term, Growth-Oriented Capital.
Dhanvallabh Ventures Fund is a SEBI-registered Category II Alternative Investment Fund (reg. IN/AIF2/22-23/1081), managed by Alchemie Ventures Pvt. Ltd. — the corporate venture and investment management vehicle of the Aarti Industries Group, one of India's leading specialty chemicals and pharmaceuticals conglomerates. Aarti Industries is headquartered at 2nd Floor, Udyog Kshetra, 71, Mulund-Goregaon Link Road, Mulund West, Mumbai, with revenues of approximately ₹7,000 crore and a presence in over 60 countries. The fund represents the Aarti Group's foray into proprietary capital deployment and structured investment, leveraging the Group's deep domain expertise in specialty chemicals, pharmaceuticals, and advanced materials. The 'Dhanvallabh' name (Sanskrit: 'Lord of Wealth') reflects the Group's tradition of heritage-inspired naming across its entities. The SEBI contact person, Rajendra Mhatre, is a senior finance professional at Aarti Industries.
Chandrakant Gogri
Founder / Principal
Chandrakant Gogri is the Founder and Chairman Emeritus of Aarti Industries Limited (NSE: AARTIIND), one of India's largest and most diversified specialty chemicals groups with revenues exceeding ₹7,000 crore. He founded Aarti Industries in 1984 and built it into a globally competitive specialty chemicals platform with operations spanning benzene-based chemistry, pharmaceuticals, and surfactants. Through Alchemie Ventures, he deploys family office capital into high-growth mid-market companies aligned with India's industrial and energy transition. He has been vocal about India's solar energy opportunity, particularly the country's 300 GW by 2030 target.
Rajendra Mhatre
Contact Person / Senior Finance Executive
Rajendra Mhatre is the SEBI-designated contact person for Dhanvallabh Ventures Fund and a senior finance professional at Aarti Industries Limited, the parent group of investment manager Alchemie Ventures.
Renil Gogri
Managing Director, Aarti Industries
Renil Gogri is the Managing Director of Aarti Industries Limited, the parent group of Alchemie Ventures. He is part of the Gogri family, the founding promoter family of Aarti Industries, which was established by Chandrakant Gogri in 1975.
Sagar Tanna
Chief Investment Officer (CIO)
Sagar Tanna is the Chief Investment Officer of Alchemie Ventures, responsible for deal sourcing, underwriting, execution, and portfolio management. He brings extensive experience in Indian equity markets, previously serving at Nuvama Wealth, Kotak Securities, and Motilal Oswal Financial Services. He holds an MBA from NMIMS (Narsee Monjee Institute of Management Studies), Mumbai. He represents Alchemie Ventures on the board of portfolio companies including Prozeal Green, where he led the $4M Series A investment in 2023.
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