Team Overview

The HS team is managed and controlled by principals who are actively involved in all of the investment decisions and portfolio company oversight.

Neal Shah

Mr. Neal Shah serves as a Principal at HS Holdings. Mr. Shah’s activities involve business development and strategic operating initiatives, including acquisitions, and strategic partners. Mr. Shah worked as a Consultant at an International Strategy Consulting firm of Bain & Company. Prior to that, he has had extensive experience in healthcare through his start-up MedOnTime and his role as a Vice-President of Corporate Development at CSGI, Incorporated. He also gained specific operating experience in physician back offices while developing an EMR software at MedOnTime. Mr. Shah holds an MBA from Rice University and graduated from The Wharton School at the University of Pennsylvania.

Chris Hannah

Mr. Chris Hannah serves as a Principal at HS Holdings. Mr. Hannah’s activities involve business development and strategic operating initiatives, including acquisitions. Mr. Hannah was previously an associate in the investment banking firm of Houlihan Lokey, specifically in the Healthcare M&A investment banking group at their Chicago office. He developed expertise in a number of healthcare sectors throughout his financial advisory experiences. Prior to Houlihan Lokey, Mr. Hannah served at PricewaterhouseCoopers LLP in their M&A Transaction Services group. Mr. Hannah holds an MBA from Rice University and a B.A. in Accounting from Southwestern University.

Manish Chhadua

Mr. Manish Chhadua serves as Principal to HS Holdings. Mr. Chhadua's activities involve strategic technical consulting, evaluating emerging markets and identifying opportunities for innovation. Mr. Chhadua has over 17 years of experience in delivering successful products within small, medium and large environments. He has led dynamic projects and architectural teams, with a strong emphasis on managing business relationships with partners, clients and vendors. He holds a Bachelors in Computer Science from the University of Texas at Austin.

Kevin Shah

Mr. Kevin Shah serves as an Associate at HS Holdings. Mr. Shah’s activities involve consulting, business development and strategic operating initiatives, including acquisitions. Kevin currently serves as a Senior Analyst in the Corporate Strategy group at The Walt Disney Company. Prior to that, he was an associate in the Business Valuation group of Deloitte. He holds a Bachelor’s in Business Administration from Georgetown University in Washington DC.

Rohan Trivedi

Mr. Rohan Trivedi serves as an Intern at HS Holdings. Mr. Trivedi’s activities involve evaluating competitors in our markets, discovering representation opportunities, and identifying potential acquisition targets. Rohan is currently a student at the University of Texas at Austin who intends to graduate in 2020 with a Bachelors in Business Administration through the McCombs School of Business.


Jeff Clay

Mr. Jeff Clay serves as an Advisor at HS Holdings. Mr. Clay’s activities involve business development and Portfolio Company advisory. He currently serves as the VP of Strategy & Corporate Development at Roofing Supply Group, a national distributor of building products. Mr. Clay worked in various staff and operating roles with Xerox with his final role as COO of their benefits consulting and outsourcing division (Buck Consultants). Prior to that, he held several roles in the construction industry with Pearl Real Estate & TD Industries. Mr. Clay began his career as a Consultant at the International Strategy Consulting firm Bain & Company. Mr. Clay holds an MBA from INSEAD in Fontainebleau, France, a BBA in Accounting and MS in Finance from Texas A&M University. Mr. Clay is an active CPA.

Kekin Ghelani

Mr. Kekin Ghelani is a Sr. Director of Corporate Strategy and Business Development at Celanese Corp., a leading materials technology company. He also serves as an adviser to HS Holdings. Mr. Ghelani has more than 20 years of experience in corporate strategy, mergers & acquisitions, marketing and general management. Prior to his current role, Mr. Ghelani was at McKesson, a leading health care technology company, where he led the turnaround of a $350MM annual revenue Managed Services business unit. Prior to that, Mr. Ghelani spent 7 years at Honeywell where he was the General Manager of a $100MM annual revenue, global, Health Care and Medical business units for a period of 4 years. Mr. Ghelani was also the co-founder of MedOnTime and led operational improvement activities at General Motors. Mr. Ghelani holds an MBA from Emory University and a B.S. in Mechanical Engineering.

Nilay Sheth

Nilay Sheth serves as an advisor to HS Holdings. Nilay works as a Chief Technologist in HP's Travel and Transportation vertical. As a chief technologist, Nilay is responsible for providing strategy and architectural direction for products in the Big Data, Analytics and Operations areas. As a technologist, Nilay frequently engages with key customers, partners and vendors to champion HP's vision and how it aligns with the customer's roadmap. Over the last few years, he has conceptualized and delivered multiple product suites and anchored several key client engagements. Prior to HP, Nilay has lead delivery for several large product suites, technology programs and technology initiatives for mid-size/large companies in the Healthcare, Printing and Telecom industries. Nilay has a BTech in Electrical Engineering from IIT Bombay, MS in Computer Science and an MBA. He has several patents and publications to his credit in the of Printing and Telecom areas.