TVS Capital Funds

TVS Capital Funds, established in 2007, is an independent private equity firm based in India that specializes in mid-market investments. The firm focuses on sectors such as retail, healthcare, education, food, media, and technology, aiming to identify and capitalize on promising investment opportunities. With a commitment to creating substantial value, TVS Capital leverages the expertise of industry veterans as advisors to enhance the growth potential of its portfolio companies. The firm is dedicated to building sustainable businesses that contribute to India's overall economic development.

Prasad Gadkari

Managing Director

Anand S. Kumar

Associate

Suraj Kumar Majee

Associate

Chetan Naik

Vice President

Alok Samtaney

Investment Director

Gaurav Sekhri

Principal

Srikrishnan Srinivasan

Executive Director

Gopal Srinivasan

Managing Director and Chairman

Rajalakshmi Vaidyanathan

Vice President

R S Raghavan

Executive Director and Co-Chief Financial Officer

D Sundaram

Vice Chairman

35 past transactions

PhonePe

Private Equity Round in 2023
PhonePe is a mobile payments app that allows users to transfer money instantly to anyone, by using just their mobile number. The company aims to make digital payments so easy, safe, and universally accepted that people never feel the need to carry cash or cards again. Its online payment system is based on Unified Payments Interface (UPI) and a digital wallet. PhonePe strives to make commerce a seamless experience for both customers and businesses.

Vivriti Capital

Series C in 2022
Vivriti Capital has been set up with the objective of creating the largest and most valuable platform for financial services, serving a client base of financial institutions, corporates, small enterprises, and individuals that lack efficient access to financial services. The founding team is committed to making Vivriti Capital a one-stop shop for all the debt requirements of its target clientele.

Yubi

Series B in 2022
CredAvenue is a fully integrated, unified digital platform that helps discover, trade, execute and fulfill debt solutions for investors.

Increff

Series B in 2022
INCREFF is a Data & Technology Company helping fashion & lifestyle brands and retailers improve inventory turns through Intelligent Merchandising (IRIS) and single view Inventory Fulfillment (ASSURE).

Yubi

Series A in 2021
CredAvenue is a fully integrated, unified digital platform that helps discover, trade, execute and fulfill debt solutions for investors.

Digit Insurance

Venture Round in 2021
Go Digit General Insurance Limited is a digital insurance company based in Bengaluru, India, founded in 2016 by Kamesh Goyal. The company offers a wide range of insurance products, including car, travel, home, commercial vehicle, bike, health, mobile, and shop insurance, as well as flight delay coverage. Go Digit focuses on enhancing customer experience through its online platform, which facilitates claims, renewals, and provides information on motor vehicle and health insurance. The company is known for its innovative approach to insurance, aiming to simplify products and pricing processes. It operates as a subsidiary of Go Digit Infoworks Services Private Limited and generates significant revenue from its motor insurance offerings.

Five Star Business Finance

Private Equity Round in 2021
Five-Star is a Registered Non Banking Finance Company (NBFC) with Reserve Bank of India (RBI). Five-Star follows RBI guidelines applicables for NBFCs Five-Star is public limited company with Registerd & Corporate Office at Kilpauk, Chennai and has branches at Aminjikarai, Poonamallee, Tambaram, Ambattur, Tiruvottriyur, Thiruvallur, Coimbatore, Trichy,Vellore, Tirupur, Madurai, Erode, Karur, Dindigul, Salem, Hosur, Sivakasi, Namakkal, Pollachi, Karaikudi, Gobichettipalayam, Athur, Villupuram, Tirunelveli, Tuticorin, Kumbakonam, Bangalore, Theni, Pudukottai, Tenkasi Nagercoil & Tiruvannamalai The company stands for quality service to the customers.

Digit Insurance

Venture Round in 2021
Go Digit General Insurance Limited is a digital insurance company based in Bengaluru, India, founded in 2016 by Kamesh Goyal. The company offers a wide range of insurance products, including car, travel, home, commercial vehicle, bike, health, mobile, and shop insurance, as well as flight delay coverage. Go Digit focuses on enhancing customer experience through its online platform, which facilitates claims, renewals, and provides information on motor vehicle and health insurance. The company is known for its innovative approach to insurance, aiming to simplify products and pricing processes. It operates as a subsidiary of Go Digit Infoworks Services Private Limited and generates significant revenue from its motor insurance offerings.

Digit Insurance

Venture Round in 2020
Go Digit General Insurance Limited is a digital insurance company based in Bengaluru, India, founded in 2016 by Kamesh Goyal. The company offers a wide range of insurance products, including car, travel, home, commercial vehicle, bike, health, mobile, and shop insurance, as well as flight delay coverage. Go Digit focuses on enhancing customer experience through its online platform, which facilitates claims, renewals, and provides information on motor vehicle and health insurance. The company is known for its innovative approach to insurance, aiming to simplify products and pricing processes. It operates as a subsidiary of Go Digit Infoworks Services Private Limited and generates significant revenue from its motor insurance offerings.

Waterfield

Venture Round in 2019
Waterfield Advisors is a multi-family office advisory firm focused on preserving and enhancing the wealth of its clients, both personal and business-related. The firm provides a range of services, including family office advisory, wealth management, corporate financial planning, and alternative asset management. By offering expert guidance on wealth and investment management, Waterfield Advisors empowers clients to make informed decisions regarding wealth transfer and investments, particularly in real estate and related projects.

LEAP India

Series C in 2019
LEAP India Private Limited is engaged in selling and renting/pooling of pallets and foldable large containers (FLC). The company offers wooden pallets, plastic containers, wooden boxes, and metal wire mesh catering to various sectors. It also provides transportation facility to the customers for primary or secondary movement of products; inventory management; assets reconditioning and repairing services; and an online pallet management tool that allows customers to place orders, check delivery dates, view invoices, and generate reports. It serves to industries, including fast-moving consumer goods (FMCG), retail, beverage, and automobile. The company was founded in 2013 and is based in Mumbai, India.

National Stock Exchange

Private Equity Round in 2019
NSE) is India's leading stock exchange covering various cities and towns across the country. NSE was set up by leading institutions to provide a modern, fully automated screen-based trading system with national reach. The Exchange has brought about unparalleled transparency, speed & efficiency, safety and market integrity. It has set up facilities that serve as a model for the securities industry in terms of systems, practices and procedures. NSE has played a catalytic role in reforming the Indian securities market in terms of microstructure, market practices and trading volumes. The market today uses state-of-art information technology to provide an efficient and transparent trading, clearing and settlement mechanism, and has witnessed several innovations in products & services viz. demutualisation of stock exchange governance, screen based trading, compression of settlement cycles, dematerialisation and electronic transfer of securities, securities lending and borrowing, professionalisation of trading members, fine-tuned risk management systems, emergence of clearing corporations to assume counterparty risks, market of debt and derivative instruments and intensive use of information technology.
Indian Energy Exchange Limited operates as a leading power trading platform in India, facilitating efficient price discovery and risk management for electricity market participants. Since its incorporation in 2007 and based in New Delhi, IEX provides a variety of trading products including the Day-Ahead Market for next-day electricity deliveries, the Term-Ahead Market for intra-day and weekly contracts, and the Real-Time Market for immediate power needs. Additionally, IEX supports the trading of Renewable Energy Certificates, aiding in the procurement of renewable energy, and Energy Saving Certificates. With over 5,800 registered participants, including distribution companies, electricity generators, and various industries, the platform enhances accessibility and transparency in the Indian power market.

Suryoday Small Finance Bank

Venture Round in 2019
Suryoday Small Finance Bank Limited is a small finance bank in India focused on promoting financial inclusion for the unserved and underserved segments of the population. Established in 2008 and based in Navi Mumbai, the bank offers a range of banking services, including savings and current accounts, term deposits, and loans for mortgages, commercial vehicles, and micro, small, and medium enterprises. It also provides home loans, secured business loans, and group loans, along with various insurance products and pension schemes. The bank supports its customers with debit cards, NRI banking services, and digital banking facilities, while also operating 482 banking outlets across 12 states and union territories as of July 2020. Originally founded as Suryoday Micro Finance Limited, the institution rebranded in January 2017 to better reflect its broader banking services aimed at improving the financial well-being of economically disadvantaged individuals and reducing poverty in its operational areas.

9.9 Media

Private Equity Round in 2019
9.9 Media is an innovative content-driven company, using contemporary media to empower you to change your world.

Chili's West & South India

Private Equity Round in 2019
Chili’s American Grill & Bar, is the leading American casual dining restaurant chain present in over 1600 restaurants in 32 countries worldwide including Canada, Mexico, Puerto Rico, Venezuela, Egypt, Kuwait, UAE, Germany, India, Japan, Singapore and South Korea amongst several others. With a pan-India proliferation, Mumbai, Pune, Hyderabad, Chennai and Bangalore are the cities that constitute the Southern & Western markets for Chili's in the country. What started in 1975 in Dallas, Texas with 11 Southwestern-inspired dishes and trademark beverages, now serves some of the best appetizers, soups and chili, salads, burgers, sandwiches, quesadillas, chicken and seafood entrees, fajitas, ribs, steaks and desserts available in India.

Karur Vysya Bank

Post in 2019
Established 1916, Karur Vysya bank is one of the largest old private sector banks in India. The Bank focuses on lending to small industries and traders and is based out of Tamil Nadu.

RBL Bank

Post in 2018
RBL Bank is one of India’s fastest growing scheduled commercial banks. It is continuously expanding its presence across India through a growing network of branches and ATMs. Established in 1943, RBL Bank undertook a transformational journey under a new management team in 2010. RBL Bank embarked on an aggressive growth plan based on a robust platform of strong governance, relationships, technology infrastructure, high quality capital and geographic expansion. Over the last two years, it has infused capital of over र 1,100 Crore from some of the most notable global and domestic names, taking the TIER 1 capital to र 1,600 Crore (approx.) Today, RBL Bank offers specialized services under the five business verticals: namely Corporate & Institutional Banking, Commercial Banking, Retail Banking, Agri & Development Banking and Financial Markets. The bank currently services over 5 Lakh customers and has a total business size of over Rs. 14,500 Crore. s of August, 2014, RBL Bank has grown to a network of 180 branches and 374 ATMs across 13 Indian states.

Wonderla Holidays

Private Equity Round in 2018
Wonderla Holidays Limited operates amusement parks and resorts in India. It operates through Amusement Parks and Resort, and Others segments. The company's amusement parks offer land, water, high thrill, and kid rides. It operates three amusement parks in Kochi, Bengaluru, and Hyderabad; and the Wonderla resort in Bengaluru under the brand name Wonderla. The company’s resorts offer luxury room, banquet hall, conference room, dining restaurant, resto-o-bar, heated pool, and recreation area, as well as amusement park facilities. It also engages in the food takeaway and home delivery business. The company operates Wonder Kitchen, a food takeaway outlet. It also sells merchandise, cooked food, packed foods, etc. The company was incorporated in 2002 and is based in Bengaluru, India.

City Union Bank

Post in 2018
City Union Bank is an Indian bank. The Kumbakonam Bank Limited, as it was at first called, was incorporated as a limited company on 31 October 1904. The bank initially preferred the role of a regional bank in the Thanjavur District Tamil Nadu. City Union Bank has now a strong network of 496 computerized branches and 1292+ ATMs which is spread throughout India. In December 2006 Larsen & Toubro bought 10% of the bank. The bank celebrated its 110th years of service on 31st October 2014.

Nykaa

Secondary Market in 2018
Nykaa is an e-Commerce platform for different beauty and wellness products for men and women. They also offer comprehensive content including product reviews, beauty how-to videos, articles by experts, and an e-beauty magazine. Their helpline helps to choose products and services best suited for customer's needs. Nykaa's products are authentic sourced directly from brands and provide a delivery experience. Nykaa was founded in 2012 by Falguni Nayar and is headquartered in Mumbai, Maharashtra, India.

Landmark Bookstore

Private Equity Round in 2018
Landmarkonthenet is the largest online store in india which sells the products like Books, Music, Movies & Gaming, Stationery, Magazines, Gifts, Home store Products, Tech Zone Items, Toys and also conducts events. Landmark is the largest book, movie and music retail store in India with turnover in excess of Rs 200 crores and is arguably the only long tail range based book and music retailer in India. Landmark has the widest range of titles i.e. over 120,000 titles across different sections - bestsellers, business guides, fiction, biographies, computer science, literature, marketing, art, cinema, religion, graphic novels and many more. Landmark features an extensive selection of music in English, Hindi and other regional languages include Indian classical, jazz, western classical, regional, Hindi, pop, rock, blues, country, nursery rhymes. Landmark houses a wide range of movies in VCD/DVD and Blu-ray formats. From regional to western to animation to musicals to world movies, Landmark has it all.

Nykaa

Series B in 2015
Nykaa is an e-Commerce platform for different beauty and wellness products for men and women. They also offer comprehensive content including product reviews, beauty how-to videos, articles by experts, and an e-beauty magazine. Their helpline helps to choose products and services best suited for customer's needs. Nykaa's products are authentic sourced directly from brands and provide a delivery experience. Nykaa was founded in 2012 by Falguni Nayar and is headquartered in Mumbai, Maharashtra, India.

Prabhat Dairy

Venture Round in 2015
Prabhat Dairy is an integrated milk and dairy products company based in India, serving both institutional and retail customers. The company offers a diverse range of products, including pasteurized and ultra-high-temperature milk, sweetened condensed milk, flavored milk, clarified butter, cheese, milk powders, lassi, ice creams, paneer, curd, and yogurt. Additionally, Prabhat Dairy operates a network of franchise-owned retail stores under the brand name Goodness Zones in Maharashtra. Its distribution channels include stockists, distributors, and trade outlets, allowing for widespread availability of its products. The company also engages in exports, primarily supplying its dairy products to markets in Dubai, Thailand, Sri Lanka, Nepal, Bangladesh, and Bhutan.

Regen Powertech

Private Equity Round in 2012
ReGen Powertech Private Limited, established in 2006 and based in Chennai, India, specializes in the design, manufacture, marketing, and installation of gearless wind turbines primarily for the independent power producers sector. The company offers a range of products including gearless wind turbines, water-cooled solar central inverters, and hybrid wind-solar systems utilizing advanced permanent magnet technology. Additionally, ReGen provides comprehensive services such as turnkey installations for wind projects, wind resource assessment, power evacuation, project management, operations and maintenance, and testing services for wind turbines. With a state-of-the-art manufacturing facility in Tada, Andhra Pradesh, ReGen Powertech has rapidly grown to become a leading player in the wind energy sector in India, focusing on clean and sustainable energy solutions. The company operates as a subsidiary of Nuziveedu Seeds Limited.

Dunar

Private Equity Round in 2012
Dunar, the brainchild of Lala Duli Chand Aggarwal, was born in the year 1956 as a small Basmati Rice business in Karnal, Haryana. One of the largest processors/exporter of Indian Basmati rice, Dunar produces above 360,000 metric tons. Their state of the art facilities has in house milling capacity. Their rice is stored with extraordinary care maintaining the right atmospheric conditions, and properly aged to provide the finest tasting rice loved all over the world.

DCB Bank

Post in 2012
DCB Bank is your one-stop banking destination with offerings like personal banking, Corporate and MSME banking.

MedPlus

Private Equity Round in 2011
MedPlus Health Services Pvt. Ltd. operates a pharmacy retail chain in India. It sells a selection of prescription medicines and general FMCG goods through pharmacies; and beauty and personal care products through its online store. The company also operates pathlabs that provide laboratory testing services to prevent, detect, or manage diseases; and distributes pharmaceuticals, and medical and surgical consumables to hospitals and other healthcare providers encompassing out-patient, in-patient, and operation-theater services, as well as serves pharmacies, nursing homes, doctors, and drug manufacturers. MedPlus Health Services Pvt. Ltd. was founded in 2006 and is based in Hyderabad, India.

The Yellow Chilli

Private Equity Round in 2011
The Yellow Chilli is a traditional and diverse Indian food alongwith signature dishes of Master Chef Sanjeev Kapoor

Papa John's

Post in 2010
Papa John's International, Inc. operates and franchises pizza delivery and carryout restaurants under the Papa John's trademark in the United States and internationally. It operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations. The company also operates dine-in and delivery restaurants. As of December 29, 2019, it operated 5,395 Papa John's restaurants, which included 598 company-owned and 4,797 franchised restaurants. The company was founded in 1984 and is headquartered in Louisville, Kentucky.

Dusters Total Solution Services

Private Equity Round in 2010
Dusters Total Solution Services (DTSS) is one of India's largest providers of facility management services, catering to various industry sectors, including manufacturing, pharmaceuticals, healthcare, commercial, data centers, and education. Established through the merger of Dusters and Total Solutions in 2008, DTSS boasts a workforce of over 31,000 personnel, allowing it to effectively deploy manpower across 50 cities and towns nationwide. The company serves more than 800 business-to-business customers at over 1,200 locations, emphasizing a commitment to service enhancement, internal growth, and compliance. In 2016, DTSS became part of the SIS Group, further expanding its capabilities and reach. The range of services offered by DTSS includes engineering, technical support, pest management, cleaning, hospitality, specialized pharmaceutical services, and security and surveillance, positioning the company as a comprehensive facility management solution provider in India.

Maxivision Super Speciality Eye Hospitals

Private Equity Round in 2010
Maxivision Super Speciality Eye Hospitals is eye care hospital

Landmark

Private Equity Round in 2009
Landmark is a retail chain based in Chennai, specializing in books, music, and lifestyle accessories. As a subsidiary of Trent Limited, which is part of the Tata Group, Landmark offers a diverse array of products that includes stationery, movies, gaming items, magazines, gifts, toys, and electronics. With a network of 20 stores, Landmark provides customers with a comprehensive selection of products, catering to various interests and preferences within the retail market.