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Ashish Karamchandani

Senior Advisor

Ashish brings over 20 years of experience across strategy consulting and global development. He co-leads the Inclusive Markets approach area at FSG.

Ashish focuses on using market-based solutions to drive sustainable social change. His emphasis has been on multi-year programs that seek to build and scale inclusive business models to address sector-specific development challenges. He is currently co-leading a six-year program to improve private preschool education for low-income urban Indian households.

Before FSG

Ashish was the founder of Monitor Inclusive Markets (MIM), a social action unit within Monitor. He pioneered MIM’s market-based approach to addressing the world’s development challenges. Ashish led an extensive effort to facilitate a new ownership housing industry to serve low-income urban households, working with entrepreneurs, developers, finance companies, major corporations, and the government. In 2018 this had scaled to a USD 4 billion loan portfolio and over 230,000 new houses. Ashish has also helped catalyze the clean drinking water market for low-income urban households and private sector supply of toilets in Bihar. Prior to founding MIM, Ashish started, developed, and led Monitor Group’s consulting business in India.

Ashish has a PhD from Stanford University, an MS from University of California, Berkeley, and a B.Tech. from IIT Bombay.

Ashish is also actively involved with Ummeed, a nonprofit that helps children with, and at risk of, developmental disabilities.


  • Stanford University, PhD
  • University of California, Berkeley, M.S.
  • Indian Institute of Technology, Bombay, B.Tech


  • Ummeed, Founder and Chairman of the Board