Canbank Venture Capital Fund Ltd

Canbank Venture Capital Fund Ltd is sponsored by Canara Bank. It came into existence in the year of 1989 and is currently managing four funds. The firm is committed to offer highly promising portfolio of investments in several sectors.

The capital of the firm is formed by Public Sector Banks, International Development Financial Institutions and Public Sector Financial Institutions.

Canbank Venture Capital Fund Ltd has the record to invest in 78 companies of various sectors in last 17 years. The firm is backed well by a qualified team to manage, invest and create value in the invested companies.

The Board of Directors of Canbank Venture consists of the senior management members of Canara Bank. The prominent members of the board are – M. Bhaskara Rao, D.L. Rawal, P.V.Maiya and N. Ramani.

The four funds currently being managed by Canbank Venture are Bharath Nirman Fund – Fund IV, Canbank Venture Capital Fund I, Canbank Venture Capital Fund II and Canbank Venture Capital Fund III. (Source: Canbank Venture official website)

Canbank Venture Capital Fund-I was set up in the year of 1989. The fund covered a number of sectors and invested in 40 different projects. Canbank Venture Capital Fund-II was set up in the year of 1998. This fund invested in 8 companies and displays a well-diversified portfolio. Canbank Venture Capital Fund III was set up in the year of 2001. This fund has the record to invest in 23 companies across different sectors till date. This fund was designed to give preference to small-scale units making a special focus on the IT sector.

Canbank Venture Capital Fund Ltd has a number of portfolios of investments in the various sectors of business. Some of the major companies in which Canbank Venture Capital Fund Ltd. invests are as follows:
Omnitech Info Solutions Limited
RT Outsourcing Services Limited
KLT Automotive & Tubular Products Ltd
Polygel Technologies (I) Pvt Ltd
Avasarala Technologies Ltd
Merchem Ltd
Telesis Global Solutions Ltd
Prathista Industries Limited

The various investment criteria set by Canbank Venture Capital Fund Ltd are: activity, technology and business, management team, sector, nature and size of assistance, size of assistance and role of the firm in the venture.

Contact Details of Canbank Venture Capital Fund Ltd
Canbank Venture Capital Fund Limited
6th Floor Naveen Complex
No.14, MG Road, Bangalore-1
Phone- 91-080- 25586506-507
Fax- 91-080-25583909

 

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Last Updated on : 27th June 2013

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