WELCOME TO CANBANKVENTURE

Canbank Venture Capital Funds Ltd. (CVCFL)

Canbank Venture Capital Fund Ltd (CVCFL), the Investment Manager of the Fund, is a wholly owned subsidiary of Canara Bank. CVCFL is one of the earliest Venture Capital management companies in India. CVCFL is an India centric, Growth Capital Venture Capital Fund, with over two decades of experience in the Venture Capital / Private Equity industry in India.

The Fund has invested in several promising companies, partnered progress and posted successful exits. The Fund invests in businesses with an established technological or market positioning edge and good growth potential. CVCFL's professional & multi-functional team has a hands-on, pragmatic and operational approach to value creation and building of businesses.

Canbank Venture Capital Fund Ltd has also been assigned the role of Fund Manager to house the Electronics Development Fund (EDF) by Ministry of Electronics & Information Technology, MeitY, GoI

As part of the "Digital India" agenda of the Government of India and to develop the Electronics System Design and Manufacturing (ESDM) sector so as to achieve "Net Zero Imports" by 2020. EDF was setup by GoI as Fund of Funds.

The "Fund of Funds' Scheme viz., Electronics Development Fund ("EDF") with a corpus of INR 2206 crs with Canbank Venture Capital Fund Limited as the Investment Manager was launched in February 2016. The Objective of Electronic Development Fund (EDF) is to provide risk capital to companies developing new technologies in the area of electronics, nano-electronics and Information Technology (IT). The EDF will also help attract venture funds, angel funds and seed funds towards R&D and innovation in the specified areas. It will help create a battery of Daughter funds and Fund Managers who will be seeking good start-ups (potential winners) and selecting them based on professional considerations.

Empower India Fund, Sixth Fund of Canbank Venture Capital Fund Ltd has declared its Initial Close with a corpus of Rs.235 Cr on 6th December 2019

Registration Details of AIFs

- Alternative Investment Fund (AIF): Canara Bank Venture Development Trust (CBVDT).
- Name of Fund Manager: Canbank Venture Capital Fund Ltd, Bangalore.
- Category of AIF(s): Category II.
- SEBI Registration No(s): IN/AIF2/15-16/0206 dated February 04, 2016.

Board of Directors - CVCFL

- Mr. Ashok Chandra Executive Director, Canara Bank
  
  Sri Ashok Chandra started his banking career with Erstwhile Corporation Bank in September’ 1991 as Probationary Officer. He holds a Masters in Economics and is also a Certified Associate of Indian Institute of Bankers. Sri. Ashok Chandra has a wide exposure in the Banking domain ranging from Branch operations as a Branch Head of various demographics such as Rural, Urban and Metro and handled greater responsibilities such as heading Zones / Regions of the Bank across the country. He had very successfully handled VLBs and also has exposure in Overseas Operations when he was posted at Representative Office of the Bank at Dubai, UAE. On his elevation to General Manager in 2018, he was assigned to lead the Recovery , Legal and Stressed Asset Management Vertical (SAMV) of the Bank. He continued to work there on his elevation to Chief General Manager in Union Bank of India in 2020. He was chosen to be a part of the leadership program designed by the Banks Board Bureau. Throughout his career, he has achieved great laurels and accolades such as Star Performers Club, Grahak Seva Award, Grahak Mitra Award, Healthy Branch Award, Chairman’s Club Membership, Best Branch Award, Mega E – auctioneer Award, Leadership Award, Champion of Champions Award etc., He has attended various trainings and workshops in India and abroad. In 2021, he was appointed as Director in Union Trustee Company Private Limited and also Director in NARCL. He was also a member of “Standing Committee on Stressed Assets” formed by IBA. He has taken charge as an Executive Director of Canara Bank on 21st November 2022
- Mr.Prabhat Kiran General Manager, Canara Bank
- Mr. Sanjeev Kumar Shrivastav Managing Director, CVCFL

Corporate Social Responsibility

- CSR POLICY
- ANNUAL REPORT ON CSR ACTIVITIES
- PROJECTS APPROVED BY BOARD
  
  Board of Canbank Venture Capital Fund Ltd permitted to contribute to Pilani Innovation & Entrepreneurship Development (PIED) Society under Corporate Social Responsibility (CSR) activity of CVCFL

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