Rajat Samal — Co-Founder

Private Equity | MedTech & Healthcare Investor MedArtha Capital is a dedicated, India-focused investment platform anchored in the MedTech and broader Healthcare ecosystem. Founded by operators with hands-on execution experience, the platform partners with early-stage and growth-stage medical technology and healthcare companies. Beyond capital, MedArtha Capital brings operational, commercial, regulatory, and governance expertise, with a strong focus on value creation—supporting companies in scaling responsibly, building institutional readiness, and positioning for strategic exits, growth capital transitions, or long-term sustainable value creation. As Co-Founder, CFO, Chief Compliance Officer, and Investment Manager at MedArtha Capital, I operate at the intersection of Private Equity, MedTech, and Healthcare, bringing an operator-led, commercial finance–driven approach to investing. My role spans fund setup and governance, investor relationships, term sheets, deal structuring, due diligence, investment execution, and portfolio value creation, with a clear emphasis on building scalable and compliant healthcare businesses. I work closely with founders, management teams, and investors to develop fund-grade operating and financial models, drawing on deep experience in commercial finance, pricing strategy, margin optimization, and growth execution. In India’s still-evolving MedTech ecosystem, I actively contribute to disciplined investment frameworks, capital-efficient growth models, and compliance-first operating structures that support long-term value realization. Prior to fund management, I built my career in Private Equity–adjacent CFO and Director Finance roles, driving business growth across India and the APAC region within large, regulated, and multinational organizations. My experience spans pricing governance, go-to-market economics, revenue acceleration, profitability improvement, commercial FP&A, and multi-country operating models, particularly in healthcare, pharmaceuticals, and global technology distribution environments. This blend of Private Equity discipline and hands-on operating experience shapes my investment approach, enabling me to support MedTech and Healthcare companies through scale-up, institutionalization, and successful outcomes in a rapidly evolving ecosystem.

Stackforce AI infers this person is a Private Equity and Healthcare Investment expert with a strong operational finance background.

Location: Mumbai, Maharashtra, India

Experience: 24 yrs 2 mos

Skills

Private Equity
Investment Management
Financial Planning And Analysis (fp&a)
Commercial Finance
Management

Career Highlights

Co-founded a successful investment platform in MedTech.
Led financial operations for a major global technology distributor.
Expert in private equity and healthcare investments.

Work Experience

MedArtha Capital

Co-Founder | CFO | Investment Manager I Chief Compliance Officer (7 mos)

INNSHIELD

Founder (10 mos)

Ingram Micro

CFO Ingram MICRO Malaysia (5 mos)

Director Finance (3 yrs)

MSD

Head FP&A,Commercial Finance,Pricing & Treasury (Associate Director)- APAC and India Region (3 yrs 7 mos)

Finance Controller, Head Commercial Finance, Internal Audit & Treasury ( Associate Director ) (2 yrs 8 mos)

Head Commercial Finance, Taxation & Treasury ( Associate Director ) (11 mos)

Finance Head Merck Conumer Care - India / Senior Manager FP&A, Head Taxation & Treasury (MSD India) (2 yrs 8 mos)

Manager FP&A & Tresury (Corporate Finance Manager - MSD India) (3 yrs 6 mos)

Tata Teleservices Ltd

Additional Manager Finance (1 yr 4 mos)

MESCO STEEL

Manager Finance and Accounts (1 yr 3 mos)

SMB CORPORATE SOLUTIONS INDIA PRIVATE LIMITED

Consultant (4 mos)

APB Shipping Private Limite

Accounts Executive (3 yrs 6 mos)

Education

Chartered Accountant at The Institute of Chartered Accountants of India

Advanced Program on Digital Business Leadership- APDBL at Indian Institute of Management, Calcutta

Certification Program -Certification Program on Equity Research and Valuation at NSE ( National Stock Exchange) Academy , Mumbai, India

Certification Program -Certification Program on Financial Modeling and Valuation at NSE ( National Stock Exchange) Academy , Mumbai,India

Post Graduate Diploma in International Business at Indian Institute of Foreign Trade

Generative AI MATERMINDS at GrowthSchool

AI Generalist Fellowship at Outskill

Category I & II Alternative Investment Fund Managers at National Institute of Securities Markets (NISM)

Rajat Samal

Co-Founder

Mumbai, Maharashtra, India24 yrs 2 mos experience

Highly Stable

Key Highlights

Co-founded a successful investment platform in MedTech.
Led financial operations for a major global technology distributor.
Expert in private equity and healthcare investments.

Stackforce AI infers this person is a Private Equity and Healthcare Investment expert with a strong operational finance background.

Contact

Skills

Core Skills

Private EquityInvestment ManagementFinancial Planning And Analysis (fp&a)Commercial FinanceManagement

Other Skills

AccountingAnalytical SkillsAuditingBudgetingBusiness DevelopmentBusiness PlanningBusiness Process ImprovementBusiness StrategyBusiness TransformationBusiness ValuationBusiness-to-Business (B2B)Capital BudgetingCash FlowCash Flow ForecastingCertified Public Accounting (CPA)

About

Experience

Medartha capital

Co-Founder | CFO | Investment Manager I Chief Compliance Officer

Aug 2025 – Present · 7 mos · Mumbai, Maharashtra, India · On-site

Co-founded MedArtha Capital, an India-focused investment platform dedicated to MedTech and Healthcare.
Led the end-to-end fund setup, including fund structuring, regulatory positioning, governance architecture, operating model, and institutional readiness.
Designed and implemented fund finance, compliance, and reporting frameworks aligned with SEBI AIF regulations and institutional LP standards.
Driving fundraising and investor onboarding, including LP targeting, pitch structuring, diligence coordination, negotiations, and closures.
Owning investor relationship management across the fund lifecycle, including capital calls, distributions, reporting, and LP communications.
Overseeing the complete investment lifecycle, from deal origination and evaluation to IC processes, execution, and post-investment monitoring.
Leading term sheet drafting and negotiations, ensuring commercial clarity, governance rights, downside protection, and alignment with fund objectives.
Designing and executing deal structures across equity and structured instruments, balancing risk-return, compliance, tax efficiency, and exit pathways.
Leading commercial, financial, strategic, and regulatory due diligence of potential and portfolio companies.
Managing fund finance and treasury, including banking relationships, cash flows, audits, and financial controls.
Acting as Chief Compliance Officer, overseeing SEBI AIF compliance, filings, audits, PPM adherence, and regulator and trustee engagement.
Establishing and maintaining governance and risk management frameworks at fund and portfolio levels.
Supporting portfolio value creation, including financial discipline, capital structuring, strategic planning, and scale-up readiness.
Serving as the primary interface with trustees, auditors, legal advisors, banks, regulators, and ecosystem partners.

Investment ManagementMergers & Acquisitions (M&A)Venture CapitalPrivate EquityFundraisingBusiness Valuation+1

Innshield

Founder

Sep 2024 – Jul 2025 · 10 mos · Mumbai, Maharashtra, India · On-site

I founded INNSHIELD as an entrepreneurial initiative to support SMEs and both early-stage and growth-stage startups in the Healthcare and HealthTech sectors. The work focused on strengthening financial management, internal controls, risk mitigation, and operational efficiency. I worked directly with founders on cash-flow planning, compliance frameworks, financial due diligence, process automation, and strategic CFO support aligned to the needs of scaling companies.
INNSHIELD also assisted early and growth-stage teams with commercial planning, financial modelling, and compliance-driven processes. This included building structured financial models, improving reporting and control systems, enhancing commercial decision-making, and implementing risk and compliance frameworks for medical enterprises, diagnostic networks, and digital health platforms. These efforts enabled startups and SMEs to achieve clearer financial visibility, stronger governance, and better commercial discipline throughout their growth journey.
Skills: Financial Planning & Analysis (FP&A) · Internal Controls · Fundraising Support · Commercial Finance · Business Transformation · Strategic Planning · Process Improvement

Mergers & Acquisitions (M&A)Strategic Financial PlanningFundraisingFinancial Planning and Analysis (FP&A)Business Process ImprovementDigital Planning+3

Ingram micro

2 roles

CFO Ingram MICRO Malaysia

Jan 2023 – Jun 2023 · 5 mos

CFO Malaysia : Key Responsibilities
Led complete financial operations as CFO for a major global technology distributor
Strengthened financial governance and internal controls to mitigate risk
Built and led high-performing finance teams with strong culture
Managed comprehensive financial reporting and analysis
Provided strategic insights to senior leadership
Achievement
Received global recognition for successfully turning around the Malaysia Finance Team during your CFO tenure

Mergers & Acquisitions (M&A)Financial Planning and Analysis (FP&A)Team BuildingInternal ControlsManagement

Director Finance

Aug 2021 – Aug 2024 · 3 yrs

Strategic Impact
Led financial operations for a major subsidiary of a NYSE-listed global technology distributor
Supported development of a 5-year strategic plan that delivered double-digit revenue and profitability growth
Successfully resolved a $180 million legal challenge, protecting financial stability and corporate reputation
Operational Excellence & Digital Transformation
Supported implementation of the "X-VANTAGE" platform to improve operational agility
Automated key financial processes including GST ITC matching
Leveraged Power BI dashboards for automated financial reporting and forecasting
Implemented 35 SOX-compliant controls to strengthen governance
Business Growth & Optimization
Enhanced sales force effectiveness through strategic reorganization
Optimized financial planning processes to improve forecasting accuracy and profit margins
Drove ESG initiatives, achieving cost savings while advancing sustainability leadership

ManagementDigital StrategyMergers & Acquisitions (M&A)Strategic Financial PlanningCash FlowGenerally Accepted Accounting Principles (GAAP)+11

Msd

5 roles

Head FP&A,Commercial Finance,Pricing & Treasury (Associate Director)- APAC and India Region

Jan 2018 – Aug 2021 · 3 yrs 7 mos

ManagementMergers & Acquisitions (M&A)Strategic Financial PlanningCash FlowProject FinanceFinancial Statements+11

Finance Controller, Head Commercial Finance, Internal Audit & Treasury ( Associate Director )

Apr 2015 – Dec 2017 · 2 yrs 8 mos

ManagementCash FlowProject FinanceGenerally Accepted Accounting Principles (GAAP)Financial StatementsMarketing Strategy+7

Head Commercial Finance, Taxation & Treasury ( Associate Director )

Promoted

Apr 2014 – Mar 2015 · 11 mos

ManagementMarketingCash FlowProject FinanceGenerally Accepted Accounting Principles (GAAP)Financial Statements+7

Finance Head Merck Conumer Care - India / Senior Manager FP&A, Head Taxation & Treasury (MSD India)

Jul 2011 – Mar 2014 · 2 yrs 8 mos

Generally Accepted Accounting Principles (GAAP)General LedgersCertified Public Accounting (CPA)Project ManagementManagementFinancial Planning and Analysis (FP&A)