The TVS Group’s growth-private-equity arm, TVS Capital Funds, has recruited Mahindra Finance’s senior executive, Ramesh Iyer as its new board member.
Iyer has experience working with trade associations like FIDC and CII. In addition, he is a member of Mahindra & Mahindra Ltd.’s Group Executive Board, President of the Financial Services Sector, and serves on the boards of rural housing, Agri Solutions, insurance broking, and Mahindra First Choice.
On Iyer’s appointment, Gopal Srinivasan, Chairman and Managing Director, TVS Capital Funds, said, “Ramesh’s deep insights into the financial services space will further help us deepen our investing in the sector. As we look ahead in our mission of empowering next-gen entrepreneurs, and thereby deepening the pools of rupee capital supporting the country, we look forward to the valuable contributions Ramesh will bring to our Board in this journey.”
Ramesh Iyer, the vice-chairman and managing director of Mahindra Finance, has been instrumental in improving the company to the status of a leading provider of rural finance. His main duty has been to encourage rural prosperity and equitable growth.
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Iyer said, “TVS Capital Funds has a well-established track record of supporting entrepreneurs, thereby fostering innovation and helping them build long-term businesses in the financial services space. I eagerly anticipate applying my extensive experience spanning several decades in financial strategy and business transformation to provide valuable support to the board and the management team.”
TVS Capital Funds
TVS Capital Funds was founded by Gopal Srinivasan, a third-generation entrepreneur of the TVS Family with a vision to provide financial and capability capital to Empower India’s NextGen entrepreneurs.
The TCF team consists of an experienced investment team with deep sectoral knowledge, supported by an eclectic ecosystem that works with them in supporting entrepreneurs in building businesses. The team is currently actively investing from TCF’s 3rd fund, TVS Shriram Growth Fund 3, which has commitments of ~₹1,900 crore.