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GVFL Ltd. (formerly Gujarat Venture
Finance Limited) is widely regarded as the pioneer of venture
capital in India. It is an independent, board-managed, autonomous
venture finance company based at Ahmedabad, Gujarat (India).
Started in 1990 at a World Bank initiative under the aegis of
Gujarat Industrial and Investment Corporation (GIIC), GVFL Ltd.
is a ‘classical’ venture capital company focused
on funding small and medium technology-based enterprises.
Over the past 19 years, GVFL Ltd. has raised six Venture Capital
Funds with a cumulative corpus of 2441.70 million(INR). It is
currently in the process of raising a SME Fund worth 2500 million(INR)
of which 1000 million(INR) has already been committed by various
Financial Institutions. These funds are invested in 70 companies
across the country, which are systematically provided financial
and managerial support by GVFL Ltd. Today, The company has divested
from 57 out of 70 investee companies. |
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