1989 - Creditcapital Venture Fund (India) Ltd. (CVF) established in
the year, the first
private sector Venture Capital Company in India. It
was set up as a joint
venture by Creditcapital Finance Corporation Ltd (CFC)
and Bank of India (BOI)
with equity participation from Asian Development Bank,
Commonwealth Development Corporation, London (CDC).
- Subsequently, the International Finance Corporation
to 12,50,000 equity shares of Rs. 10/- each at a
premium of Rs.1/- aggregating
Rs. 137.50 lacs. CVF has technical assistance and
collaboration with Lazard
Ventures, an associate of Lazard Bros. & Co., London.
Lazard Ventures is one
of the largest Venture Capital Companies in U.K.
1990 - The Company made a public issue of 34,00,000 No. of Equity
Shares of Rs.10/-
each at par aggregating Rs. 3.40 crores which was
oversubscribed 12.09 times.
1991 - The company is proposing to set up a Fund of about Rs.10
crores, dedicated for
providing the much needed venture capital in the field
of Information Technology.
1993 - The company has received a very heartening response from the
financial institutions to render their support in
setting up of new funds.
1995 - The company has launched the second industry specific venture
capital fund of the
country sponsored and managed by the company with
participation from IFCI, SIDBI,
UCO Bank, LIC, GIC and several leading private sector
1996 - The Company and its institutional shareholders propose to
enter into a Management
Agreement with IL&FS, for support services for
management of the Company.
- Mr. S.M. Datta, former Chairman of Unilever group in
India, was appointed as the
Chairman of the Company and Mr. Hetal Gandhi had been
appointed as the Chief
- The Company successfully completed the syndication of
two Regional Funds. Uttar
Pradesh and Orissa, within the overall framework of the
SARA Fund. A Memorandum of
Understanding has also been signed with the Madhya
Pradesh State Industrial
Development Corporation Limited (MPSIDC) for setting up
an Equity Fund in Madhya
1998 - Mr. Hetal Gandhi was also appointed as Managing Director of
the Company for a term
of five years from 9th November.
1999 - The Tamilnadu Infotech Fund (TITF) was set up as a niche fund
with an initial cotpus of
INR 250 million (US $ 6 million). the objective of TITF
was clearly to strengthen the skills
of the management team in early stage investments in
2000 - The Company is to launch its iCapital Fund in collaboration
with Invesco, the private
equity arm of US-based Amvescap.
- The Company has signed an MoU with INVESCO Private
- The Company has signed agreement with CDSL & NSDL for
- The Shareholders of the Company have approved the issue
of 660,000 convertible
warrants, convertible into one equity share, the option
being exercisable between 19th
July 2000 and 18th July, 2003.
2002- IL&FS Venture Corporation Ltd has informed that the Board of
Directors has appointed Mr S A Bhat as a Director of
the Company in place of Mr N S Nayak and Mr V V
Subramanian has resigned from the Board of Directors of the Company.
2002-IL&FS Venture Corporation Ltd has informed that Mr Shahzaad
Dalal has been appointed as the Executive Vice Chairman of the
Company and Mr Muneesh Chawla will be the new Managing Director of
-Infuses mn in Secova eServices, a private startup firm
-IL&FS Investment Managers Ltd has informed that Mr. Muneesh Chawla,
Managing Director of the Company has tendered his resignation from
the services of the company and from the Board of Directors of the
company. The BoD has accepted his resignation w.e.f. January 15,
-IL&FS Investment Managers Ltd has informed that the BoD at their
meeting held on January 27, 2004 designated Mr Shahzaad Dalal as the
Vice Chairman and Managing Director of the Company.
-IL&FS Investment Managers Ltd has informed that Mr. Narendra Prasad
has been appointed as Nominee Director of Bank of India on the Board
of the Company in place of Mr. S Hariharan.
-IL&FS Investment Managers has given the Bonus in the Ratio of 1:2
-IL&FS Investment Managers Ltd has appointed Mr. Alok Bhargava as an
Executive Director of the Company.
-The Company has issued Bonus Shares in the Ratio of 1:2.
-Company has splits its Face value of Shares from Rs 10 to Rs 2
- IL&FS Investment Managers Ltd has informed that the Board of
Directors of the Company at its meeting held on July 30, 2010, has
appointed Mr Jitender Balakrishnan as a Non-executive Independent
Director of the Company.