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| Corpus |
Rs. 550 Million |
| Duration |
14 Years |
| Settler |
GIIC |
| Sponsor |
GVFL |
| Trustee |
GVFL Trustee Company Ltd. |
| Manager |
GVFL Ltd. |
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Investing institutions |
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The World Bank |
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Industrial Development Bank of India (IDBI) |
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Commonwealth Development Corporation (UK) |
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Gujarat Industrial Investment Corporation |
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SIDBI |
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ICICI |
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State Corporations |
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Private Companies like Gujarat Gas (British Gas Co.),
Torrent, Cadila, Essar, Aptech, Lloyds Finance & several
others. |
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Investment Strategy |
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| GVCF 1995 was created after the reforms were started
and SEBI's first guidelines for Venture Capital were announced.
GVFL investment strategy was based on these guidelines.
GVCF 1995 in the first half continued investing in technology
oriented small and medium start-up and early stage companies.
Later with the emergence of the IT industry in India GVFL
focused its attention towards the software sector. |
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Portfolio |
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Some of the successful investee companies of the second fund
include the following: |
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Computer Skill
Ltd.
(MICR, Computer stationery and manufacturing CDs) |
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Lokesh Machines Ltd.
(Special and general purpose machines) |
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20 Microns Ltd.
(Micronised minerals) |
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SRM Systems & Software
Ltd.
(IT training, software solution provider) |
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Neilsoft Ltd.
(Software testing and quality assurance, software development
in the area of CAD/CAM/CAE, internet services, systems
integration and CAD/CAM products distribution) |
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Scicom Infotech Pvt Ltd.
(Turnkey solutions in the area of visual computing and
3_D modelling for the scientific and engineering sectors) |
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Status |
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| It is currently in divestment phase with 100% of the
fund redeemed to the investors. |
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