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  GVFL in the News  
  GVFL completes 25 years of Venture Financing.  
  Recent Developments  

Golden Gujarat Growth Fund – I
is investing in growth capital across sectors
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Aura Herbal
Aura Herbal has received Sankalp Award for Clean Technology
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Alfa Corpuscles Pvt. Ltd:
Gujarat Biotechnology Venture Fund
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Windfarm Project of SITAC RE: Golden Gujarat Growth Fund-I..
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Ushdev Power Holdings Private Ltd. (UPHPL): Golden Gujarat Growth Fund-I..
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HUBTOWN: Golden Gujarat Growth Fund-I
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Ratnakar Estate Developer (REDPL):Golden Gujarat Growth Fund -I..
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  Welcome to GVFL      

GVFL Limited (formerly Gujarat Venture Finance Limited) is widely regarded as pioneer of Venture capital in India. It is an independent, autonomous Board managed venture finance company based in Ahmedabad, Gujarat, India.

GVFL ushered in the dawn of venture capital in India. Founded in 1990 at the initiative of World Bank, GVFL has supported ventures working on cutting edge of technology as well as encouraged entrepreneurs with innovative ideas.

Over the past two decades GVFL has spawned seven Funds which  have  supported  81  companies. Unique


feature of GVFL’s approach has been its broad spectrum support to its funded entities that ranged from strategic direction to governance support. Today the company has divested from 59 out of 83 companies.

Though GVFL has carved a niche for itself in start- up companies segment in various sectors, it has currently broadened its base. It is making investments in growth stage technology sector and infrastructure sector, primarily involving clean technology, renewable energy and urban infrastructure across India. The emphasis is on companies, which have proven track record, established business and revenue model, sound management, high expected growth and clear visibility of exit.