TVS Capital Funds raises Rs 500 cr for top-up fund

TVS Capital Funds (TCF), the asset manager to TVS Shriram Growth Fund has successfully raised Rs 500 crore for its top-up Fund 1B. It has taken almost a year for fund to raise this amount.

Part of this fund has been raised by family offices and HNIs, sponsors and institutions.

This is has been raised fully from domestic capital. Following the fund raise, TVS Capital has also strengthened its advisory board as well as its professional team.

The company has roped in B. Soundararajan, Founder and Chairman of India ’ s largest poultry enterprise, Suguna Foods to join the advisory board.

TVS Capital Funds has also roped in Sandeep Kohli, who was MD of YUM! and Anand Sudarshan, who was CEO fo Manipal Global Education services for six years, as fund advisors.

Gopal Srinivasan, Chairman and MD of TVS Capital, said, “With growth in the size of our fund, these marquee individuals will help us put our capital to work in a discipline and thoughtful manner so as to generate superior returns for our investors. We welcome Soundararajan to our eminent Fund Advisory Board and are delighted to gain from the experience of Sandeep and Anand”.

TVS also got on board S. Raghunathan –  who as more than 25 years of experience with HUL and Dabur, and Shyamal Lahon –  who joins as an associate and was previously working with KPMG corporate finance.

D Sundaram, Vice Chairman & Managing Director of TVS Capital  commented "Participation of all individuals who come from different industries will bring deep insights and ideas, enabling us to make better decisions for our investors. Raghu’s addition strengthens the capability of our platform. His experience will ensure best practices and good governance internally ."