Skip to main content

Ashish Karamchandani

Senior Advisor

Ashish brings over 20 years of experience across strategy consulting and global development, and 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 which 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 and worked across multiple sectors. 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 2,30,000 new houses. Ashish has also explored opportunities for supply-side solutions to India’s sanitation challenges. Prior to founding MIM, he started, developed, and led Monitor Group’s consulting business in India. Ashish is the author of several influencial publications, including Emerging Markets, Emerging Models.


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