A measure of the success of GVFL is that our investee
companies consider us as partners in their evolution
as successful commercial ventures. This is what some
of them have to say about us: |
| |
I was impressed by their readiness to invest in an
early stage company as well as the speed with which they
moved to close the deal. I realized later that most of
the investments from GVFL were in small start ups - companies
that are perceived more risky and who were greatly in
need of investment-truly commendable.
Deccanet enjoyed the GVFL relationship in many ways. The
values brought in included, among others, a readiness
to handhold and find solutions to problems that are typical
of startups, bring objectivity in business decision making,
help secure further investment, be accommodative to new
investment in a spirit of cooperation and keeping the
company’s future in mind, and in general be friend-philosopher-guide
for a fast growing start up company. Decannet Designs
Pvt Ltd has now been bought over by Flexitronics Pvt.
Ltd. |
| - Venkat Rajendran, CEO,
Deccanet |
| |
| GVFL did not lose faith in us even when we went through
a major upheaval, prompted by the onion crisis of 1998.
GVFL has provided us with invaluable assistance- it has
bee our friend, guide and mentor, all rolled into one. |
| - Suresh Saraf, MD, Saraf
Foods |
| |
| GVFL was our first investor. Mr. Varshney and his team’s
trust, goodwill and support has been instrumental in our
growth—from a revenue of Rs 5 cr at the time GVFL’s
investment to about Rs. 40 cr this fiscal year. Mr. Varshney
has diligently participated in all our Board meetings
and has been key in suggesting best practices and good
governance at the Board level. GVFL’s early equity
participation in Scicom has given us both credibility
and stability—we view our relationship with GVFL
as a win-win partnership. |
| - Indranil Chakravarty,
CEO, Scicom |
| |
| The best part of GVFL, as I see it is once they are
convinced that the product of the investee company is
good and management of the investee Company is sincere
in turning around the organization, they go along with
the management in its efforts, providing inputs, whenever
necessary. |
| - M.R.R Chary, MD, Colortek |
| |
GVFL has been instrumental in bringing key luminaries
to the board having technical and rich business experience
thus providing strategic direction to the company. GVFL
has enhanced our credibility in the VC community and opened
doors for further funding. Their presence and frequent
interaction has provided the necessary discipline to run
our business professionally and brought in fresh perspective/innovative
approaches to solving business problems.
GVFL well understands the challenges facing a technology
company and has provided us and continues to provide us
with valuable guidance. The phrase “friend, philosopher
and guide” aptly defines the role GVFL has played
in our business. |
| - Prabhat Agarwal, CEO,
Parsec |
| |
| GVFL is helping a lot in the growth and development
of the Company by taking active participation and positive
approach towards the operations of the company and nominated
outstanding personalities on the Board of Directors of
the company. The active participation of GVFL nominee
Directors on Board of Directors has tremendously helped
the company to come out of the problem created after the
earthquake. Their professional approach has also helped
the company to manage the affairs efficiently. |
| - Chandresh Parikh, CMD,
20 Microns |
| |
| GVFL has charted a new path whereby the meaning of investment
doesn’t remain just that but is extended to handholding.
GVFL provides guidance to us at all stages. I personally
appreciate the interest which Mr. Varshney has taken in
our company and has introduced us to the best practices
in the industry. He has given good guidance in corporate
governance to IceNet. We are also getting benefit of the
huge network which GVFL has in industry in Gujarat and
in India. |
| - Chirag Mehta, CEO, Icenet |
| |
| It is indeed a privilege to have been associated with
you for more than a decade. There are no words to describe
our gratitude to the moral as well as financial support
during very trying periods. You have stood by us like
a rock and given us the confidence to build on our strengths
and learn from our mistakes. You have nurtured this venture
and guided us through. Even to the extent of not making
us feel the loss of our father Shri S.P.Mayor. |
| - Satyajai Mayor, MD,
Permionics |
| |
"With its vast experience in nurturing Technology
companies, GVFL has been an ideal partner for E cube.
It has supported the company in building organization
through its strong focus on systems and processes, and
active cost control.
It has played a major role in planning the roadmap to
achieve our vision and has pushed us to strive for higher
targets. We deeply treasure this relationship and continuous
support of GVFL." |
| - Ashesh Shah, MD, E Cube
India |
