Acumen Blog


Welcoming Ajit Mahadevan as Acumen India Country Director

We are pleased to announce that Ajit Mahadevan will be joining Acumen as India Country Director. Ajit joins Acumen from Ernst & Young, where he has served as Advisory Partner & Leader (Life Sciences) for the past six years.  At EY, he was a strategic advisor to the leadership of some of the leading Indian and global life science and healthcare players with the focus being business transformation and growth.  Prior to his time at E&Y, Ajit was President of Piramal Healthcare, one of the leading pharmaceuticals companies in India, where he built the international business from inception in 2002 to $300M by the end of 2008. Ajit held multiple leadership roles across strategy, M&A and business leadership. During his tenure at Accenture’s Strategic Services practice in UK and India, he led the development of one of the firm’s largest and most successful internal projects – the Offshore Development Centre in 2001, which has now grown to about 100,000 people across multiple cities in India. Ajit has worked in an advisory capacity to Acumen in the past, most recently participating in Regional Fellows selection panels in Mumbai.

Ajit holds an undergraduate degree in Computer Sciences from PSG College of Technology, India and a Masters of Business Administration from Carnegie Mellon University (Tepper School of Business).

Along with his experience, Ajit brings tremendous passion to continuing to build Acumen India. We are thrilled to welcome him to the Acumen team!


What We’re Learning Every Step of the Energy Ladder

Over the last decade, Acumen has invested roughly $20 million in 18 social enterprises in East Africa, India and Pakistan to build the largest portfolio of off-grid energy companies serving the poor. Working across every step of the energy ladder, these social enterprises have provided tens of millions with access to energy and helped them to save more than $1.7 billion in energy-related expenses while offsetting more than four million tons of CO2. [Read More]

Forbes 400 Honors Acumen Founder and CEO, Jacqueline Novogratz, with the Lifetime Achievement Award for Social Entrepreneurship

On Thursday, Forbes hosted its fifth annual Forbes 400 Summit on Philanthropy under the theme “Moonshots—Big Bets for Social Change.”  The exclusive event brought together 200 of the world’s leading philanthropists, social entrepreneurs and business leaders for a critical discussion on how to apply wealth and resources to solve today’s most intractable problems. Forbes turned the lens on the audacious thinkers, entrepreneurs, inventors and scholars who are proposing and initiating these radical ideas, creating philanthropic solutions to change our world. Royal Bank of Canada was a presenting sponsor, and McKinsey & Company was the Knowledge Partner. [Read More]