Cheng Gay is the Chairman and Chief Executive Officer of EnGro Corporation Limited. With the company since its inception, he was appointed as Director in 1973 and has since served as the company's Executive Director. Cheng Gay was one of three founding members of Ssangyong Cement Singapore Ltd in 1975, which was renamed EnGro Corporation in 2005. He led the company to IPO on SGX in 1983 and initiated EnGro's corporate venture capital (VC) investment programme in 1990 (VC funds and direct investments in US emerging growth companies).
He was formerly on the Advisory Committee of VenCap International (FOF management company) based in Oxford, UK. Total AUM for VenCap International is US$2 billion. He now sits on the board of VenCap Fund 11, which invests in China and India. He was also formerly a member of the Asian Advisory Committee to the Chairman of GIMV, Belgium. GIMV is a PE fund manager with total AUM of more than €1 billion.
Cheng Gay is a "Friend of Charles River Ventures". He has invested in ten consecutive funds, (Fund VI — XV) of Boston-based Charles River Ventures since the 1990s.
In addition, he serves as a Panel Member, Requisition of Resources, Compensation Board (Undertakings) at MINDEF, and is a Senior Honorary Council Member for Singapore Chinese Chamber of Commerce (SCCCI); a member of the Board of Trustees at Chinese Development Assistance Council; a director of Business China and Singapore Chinese Cultural Centre; a member of Singapore-Shandong Business Council; a Council Member of Singapore Hokkien Huay Kuan; and a member of Tampines Junior College CAC.