₹12,000 Crore SRI Fund Backs 750+ Companies, Creates 1.6 Lakh Jobs: NSIC VC Fund’s Saravana Kumar at IVCA Conclave

Mumbai, 10 March 2026: Shri Saravana Kumar, Chief Executive Officer and Director, NSIC Venture Capital Fund Ltd, participated in a panel discussion titled “The Home Advantage: How Domestic Institutions and Family Offices are Reshaping Private Markets” on Day 1 of IVCA Conclave 2026. The discussion explored how home-grown capital is reshaping deal dynamics, governance standards, and the long-term resilience of India’s private markets.

The panel included Dr Ruchi Chojer, Executive Director, Securities and Exchange Board of India (SEBI); Karthik Athreya, Managing Director, Sundaram Alternates; and Vikram Gupta, Founder and Managing Partner, IvyCap Ventures, with Tejesh Chitlangi, Managing Partner, IC RegFin Legal, moderating the discussion.

The discussion explored the growing role of domestic institutional investors and family offices in shaping India’s private markets. Shri Kumar highlighted the importance of strengthening domestic pools of capital to support long-term capital formation, particularly for micro, small, and medium enterprises (MSMEs) and emerging businesses. He noted that a structured and stable domestic investment base enhances resilience across the alternative capital ecosystem.

“Out of the ₹12,000 crore corpus of the SRI Fund, we have already committed more than ₹8,000 crore. Through the funds we have supported over 750 companies, with nine of them already listed on the main platforms of NSE and BSE. The portfolio has created more than 1.6 lakh jobs, including around 26,000 for women, and we also have over 20 women fund managers empanelled with us,” he said.

He also emphasised that government-backed funds and institutional platforms can act as catalysts to draw in private capital, deepen market participation, and improve governance standards. Shri Kumar stressed that sustained collaboration between policymakers, regulators, and market participants is essential to expanding access to finance and supporting sustainable economic growth.

“The SRI Fund is a public–private partnership promoted by the Government of India to support the MSME ecosystem. The government can participate up to 20%, while the remaining capital is mobilised by AIFs from domestic investors, family offices, and overseas investors,” he added.

The discussion also touched upon the role of global partners and domestic limited partners, alongside the different avenues to raise and retain Indian capital.

The IVCA Conclave, now in its 15th year, brings together regulators, policymakers, domestic and global investors, and industry leaders to deliberate on the changing dynamics of alternate capital in India, across private equity, venture capital, credit markets, infrastructure financing, and long-term capital formation.

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