September 26, 2016 1:20 PM ET

Capital Markets

Company Overview of TVS Capital Funds Limited

Company Overview

TVS Capital Funds Limited is a private equity and venture capital arm of TV Sundram Iyengar and Sons Limited specializing in early growth to late-stage, Pre-IPO, PIPE, buy-outs, carve-outs, synthetic start-ups, and mezzanine investments. The firm seeks to invest in private companies, listed and unlisted companies, and in mid-cap, family-owned businesses. The firm invests in emerging sectors and in opportunities that are not 'core' but where the investible attractiveness is high such as Pre IPO and PIPE opportunities with a clear visibility for liquidity events or significant minority in unlisted companies. It prefers to invest in consumer companies, communication, footwear, social infrastruc...

249 A, Ambujammal Street

Off TTK Road


Chennai,  600018


Founded in 2007


91 44 4295 4800


91 44 4295 4888

Key Executives for TVS Capital Funds Limited

Founder, Chief Executive Officer, Managing Director, and Chairman
Age: 58
Chief Financial Officer and Executive Director
Age: 60
Chief Operating Officer and Executive Director
Managing Director and Vice Chairman
Age: 72
Director of Investments, Head of Pipe and Pre-IPO
Compensation as of Fiscal Year 2016.

TVS Capital Funds Limited Key Developments

MedPlus Health Services Reportedly Up For Sale

MedPlus Health Services Pvt. Ltd. has reportedly restarted talks for a possible sell-off. General Atlantic LLC and Bain Capital, LLC are in discussions to acquire the business. Three PE investors together hold 69% stake in MedPlus while Madhukar Gangadi, Founder and Chief Executive Officer, MedPlus, holds the rest. The existing investors, Mount Kellett Capital Management LP, TVS Capital Funds Limited and Ajay Piramal’s India Ventures Advisors I, put their stake on the block sometime back. Of the 69% stake held by investors, Mount Kellett holds 49% through its arm MKCP Direct Investments (Mauritius) IV Ltd, TVS Capital’s TVS Shriram Growth Fund I holds 10.59% and India Venture Advisors' India Venture Trust Fund-I holds 9.09%, according to a company balance sheet. MedPlus is looking at a valuation of INR 25 billion. Credit Suisse Group AG (SWX:CSGN) is advising MedPlus Health Services on the sale process.

Owners And Investors Reportedly Plan To Exit Dusters Total Solutions

Investors and promoters of Dusters Total Solutions Services Pvt Ltd. (company) have put up the company on sale. The company, which is backed by TVS Capital Funds Limited, is being valued at $45-$50 million, said three people with direct knowledge of the development. "The promoters and investors want to exit the business. They have begun talk with strategic investors in the space," said a person involved in the deal. "If the price offered is right, even the promoters will exit, otherwise only TVS may sell its stake."Since TVS has stayed its course in the company, it wants to exit. There is a lot of strategic interest in this space," said another person with knowledge of the deal.

MedPlus Health Services Reportedly Up For Sale

MedPlus Health Services Pvt. Ltd. reportedly is up for sale. Madhukar Gangadi, Founder and Chief Executive Officer of MedPlus Health Services, along with a clutch of private equity investors including Mount Kellett Capital Management LP, TVS Capital Funds Limited and India Venture Advisors have put MedPlus Health Services up for sale. Credit Suisse Group AG (SWX:CSGN) has been appointed to look for strategic buyers and buyout funds who can acquire a controlling 51% to 74% stake in the Hyderabad headquartered chain. Medplus was earlier looking to raise fresh capital but now the mandate has changed to a potential outright sale, one of the sources mentioned above said. Source added, domestic players and buyout funds have already been approached. "The investors want to exit. There will be some primary issuance of equity as well. After this the promoter's stake will come down to around 26%," another person aware of the developments said. With revenues of around INR 12 billion to INR 13 billion, the investors and promoters are expecting a significant premium of two times sales, valuing the company at around INR 27 billion, said three persons with direct knowledge of the matter. The company management has decided not to respond to the queries. Madhukar Gangadi too did not want to respond.

Recent Private Companies Transactions

Private Placement
September 12, 2016
FSN Ecommerce Ventures Pvt. Ltd.
August 19, 2016
Dusters Total Solutions Services Pvt Ltd.
October 27, 2015
Indian Energy Exchange Limited

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