Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2013-01-18

Sriram Group to launch VC and angel funds for entrepreneurs

Shriram Group, a Chennai-based diversified business conglomerate, is in ‘starting stage’ of launching a venture capital fund and an angel fund for budding entrepreneurs, according to Arun Duggal, Chairman, Board of Directors, Shriram Capital.

Shriram Group, a Chennai-based diversified business conglomerate, is in ‘starting stage’ of launching a venture capital fund and an angel fund for budding entrepreneurs, according to Arun Duggal, Chairman, Board of Directors, Shriram Capital.

Speaking to reporters, Duggal said, "We will support entrepreneurs. It may be through the venture capital (route) or angel investments. Even this morning, I met an entrepreneur. This is a pretty new area. See, these are all in starting stage."

On their interest in starting banking operations, Duggal said the ambition was to offer banking services at "low transaction costs".

"We want rates on deposits to be very low. See, 80 per cent of our customers are self-employed or truck owners. We want to offer better services to our customers. Our ambition is to have banking services at low transaction costs," he stated.

The company, in a partnership with TVS Capital Fund operates TVS Shriram Growth Fund to promote private equity investments.

Duggal along with other officials of the Shriram Capital gathered to announce the "Shriram Awards for Excellence in Financial Journalism" in association with the Institute for Financial Management and Research (IFMR), Chennai.

The award is aimed at recognising the contributions made by financial journalists, he said.

Related opportunities
  • Quick Service Restaurants
    About Us:  Inspired by Hong Kong's favorite street food the..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Others Food Service
    Longlive Pizza Franchise Form About Us: This form is simply a request..
    Locations looking for expansion Tamil nadu
    Establishment year 2014
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Chennai Tamil nadu
  • Car wash / Ceramic Coating / Detailing
    About Us: AUTOTRIZ is a global leading producer of high quality..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Pune Maharashtra
  • Kids & Infant Products
    Want to be financially Independent? Want to work with convenience..
    Locations looking for expansion Gujarat
    Establishment year 2006
    Franchising Launch Date 2014
    Investment size Rs. 50 K - 2lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Ahmedabad Gujarat
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts