Sanjay Shah, Chairman and Managing Director of Prudent Corporate Advisory Services Limited (Prudent), has chosen to gift 175,000 equity shares—valued at approximately Rs 34 crore at current market prices—from his personal holdings to around 650 individuals. The recipients include employees of Prudent and its wholly owned subsidiaries, as well as Shah’s personal staff, such as household helpers and drivers.
This generous act marks the completion of Shah’s 25-year journey in business. The share transfer is a token of gratitude and carries no obligations or retention clauses, making it a purely voluntary reward.
“This is not just a transfer of shares; it is my heartfelt thank you to those who have stood with me – not just as employees, but as companions on this journey. Your quiet contributions, loyalty, and belief in our shared vision have been invaluable, forming the foundation of our success. I am truly excited for the wonderful future we will create together,” Shah said.
Who is Sanjay Shah?
Sanjay Shah, a Chartered Accountant by qualification, is the Founder of the Prudent Group and serves as the Managing Director of Prudent Corporate Advisory Services Ltd. Before establishing Prudent in 2000, he gained experience across various industries.
Over the past two decades, he has led the group through significant milestones, creating multiple business verticals and transforming Prudent into a leading integrated financial services group in India. He was an early visionary in recognizing the potential of technology to drive growth in the mutual fund and financial services space.
He has been instrumental in driving several key initiatives within the Group, establishing multiple verticals over the past two decades. Early in his entrepreneurial journey, he foresaw the potential of leveraging technology to accelerate the growth of the Mutual Fund and Financial Services sectors, according to his LinkedIn profile.