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Catalyzing MSME Growth for a Self Reliant India
Managed by SBICAP Ventures
Private equity, private credit and real-estate funds that don't employ leverage except for operating needs. The largest AIF category.
NSIC Venture Capital Fund Limited (NVCFL) is a SEBI-registered Category II Alternative Investment Fund and the operating vehicle for the Government of India's flagship Self Reliant India (SRI) Fund. NVCFL is a 100% subsidiary of The National Small Industries Corporation Limited (NSIC), a Mini-Ratna Corporation under the Ministry of Micro, Small and Medium Enterprises (MoMSME), and is incorporated at NSIC Bhawan, Okhla Industrial Estate, Phase III, New Delhi 110020. Registered with SEBI on 1 September 2021, NVCFL operates as the Mother Fund of the SRI Fund initiative, which has an overall corpus of INR 10,006 crore anchored by the Government of India. Through a Quality and Cost Based Selection process, NVCFL appointed SBI Ventures Limited (formerly SBICAP Ventures Limited) as the Investment Manager of the Fund. The SRI Fund employs a Fund-of-Funds strategy, investing in SEBI-registered Category I and II Alternative Investment Funds (Daughter Funds), which in turn invest in Micro, Small and Medium Enterprises (MSMEs) across India as equity or quasi-equity. Since inception in 2021, SRI Fund's total equity infusion into MSMEs has reached approximately INR 4,885 crore. The fund's anchor investor is the Government of India through the Ministry of MSME.
Prem Prabhakar
FMManaging Director & CEO, SBI Ventures Limited (Investment Manager)
Prem Prabhakar joined as MD & CEO of SBI Ventures Limited in June 2024. A seasoned banker with over 25 years of experience, he brings expertise in banking operations, treasury, compliance, and risk management. Prior to SVL, he was General Manager at SBI, and previously served as Head of Central Treasury at SBI New York and Chief Dealer (Forex) at SBI Global Markets. He holds a postgraduate degree in Humanities and is a CAIIB.
Saravana Kumar A.
Director & CEO, NSIC Venture Capital Fund Limited
Saravana Kumar A. is the Director and Chief Executive Officer of NSIC Venture Capital Fund Limited, the operating entity for the Self Reliant India (SRI) Fund. He has led NVCFL's national outreach and fundraising activities and has represented the fund at major industry events including the LP Summit at Dubai International Financial Centre and sector-specific MSME outreach programmes across India.
Rajesh Sethi
SEBI Contact Person, NSIC Venture Capital Fund Limited
Rajesh Sethi is the SEBI-registered contact person for the NSIC Venture Capital Fund Limited AIF registration.
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