UTI VENTURE FUNDS MANAGEMENT COMPANY PVT LTD. (UVF)

UVF (http://www.utiventurefunds.com) is the private equity arm of Unit Trust of India (UTI), India’s premier and largest mutual fund family with a commanding presence in the Indian capital markets. UTI had pioneered venture funding activity in India when it created TDICI in association with other financial institutions way back in 1989 and setting up India's first venture fund namely Venture Capital Unit Scheme (VECAUS).

At present, UVF manages India Technology Venture Unit Scheme (ITVUS), a SEBI registered venture fund. ITVUS is a technology focused venture fund investing in sectors such as Software products and services, IT Enabled Services, Semiconductors, Communications, Networking as well as Pharmaceuticals and Biotechnology. UVF has the advantage of leveraging on its parent UTI’s significant ownership positions in most Indian corporates, its capital market presence and sister concerns such as the UTI Bank, a leading private sector bank in India and the UTI Securities, a leading capital market intermediary.

The team at UVF possesses complimentary strengths, by virtue of their deep understanding of the Indian markets and investment experience spanning public and private markets. The team is well equipped with strong networks, local market knowledge and insight, to manage PE funds and deliver excellent results. By virtue of its preeminent position in Indian market, UVF enjoys advantage of having access to emerging businesses and a consummate business network. Its proactive approach to deal generation by utilizing own networks in the market place and aided by market research / intelligence has helped in achieving one of the highest deal flows in the industry and building a high quality investment portfolio.

Representative investments of UVF include Moschip (India’s first fabless semiconductor company), Scandent Solutions (leading IT company), Glenmark labs (a fast growing Pharma company), Foursoft (a unique IT product company), Strand Genomics (a bio-informatics company), B2K (a growing technology services outsourcing firm) and Excelsoft (a promising e-learning product company). Significant portfolio exits include Rev IT, a unique healthcare BPO firm which was sold to a leading Indian BPO company at an exit multiple of 3 times of its cost. UTI Venture Funds has Co-Investment/working relationships with most Venture capital and Private equity firms operating in India.

Shri P. P. Prabhu, IAS and ex-Commerce Secretary (Government of India) is the non- executive Chairman of UVF. Shri K.E.C Raja Kumar is the founding Chief Executive Officer and M.D of the company.