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Former Federal Bank CEO Srinivasan joins TVS Capital as senior advisor

VCCircle

VCCircle · 5m ago

Former Federal Bank CEO Srinivasan joins TVS Capital as senior advisor

Shyam Srinivasan, former CEO of Federal Bank, has joined TVS Capital Funds as a senior advisor and operating partner. With over 30 years in banking, Srinivasan will offer strategic guidance, particularly in financial services and tech sectors. During his 14-year leadership at Federal Bank, he drove national expansion and digital innovation. TVS Capital Funds, managing around Rs 5,000 crore, believes Srinivasan's expertise will enhance governance and operational excellence for their portfolio companies.

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Startup news and updates: Daily roundup (April 1, 2025)

YourStory

YourStory · 5m ago

Startup news and updates: Daily roundup (April 1, 2025)

In recent updates, OpenAI raised $40 billion at a $300 billion valuation, with participation from leading investors. Bajaj Auto surpassed Ola Electric to become the market leader in India's electric two-wheeler segment. Global consultancy Xebia focuses on AI talent in India's Tier II cities. Startups like Tvaster Genkalp, and Hasiru Dala Innovations secured funding for advancements in diagnostics, waste management, and more. Former Federal Bank CEO Shyam Srinivasan joined TVS Capital Funds as a Senior Advisor.

Paytm Money appoints former AMFI CEO NV Srinivasan on its board

Economic Times

Economic Times · 1y ago

Paytm Money appoints former AMFI CEO NV Srinivasan on its board

Paytm Money, the subsidiary of fintech platform Paytm, has appointed Narasinganallore Venkatesh Srinivasan as a non-executive independent director. Srinivasan previously served as the CEO of the Association of Mutual Funds in India and held senior positions at Lakshmi Vilas Bank and IDBI Bank. The appointment aims to strengthen compliance and governance standards at Paytm Money. Cyrus Khambata, a former executive at Central Depository Services, is the other independent non-executive board member.

RBI declines re-appointment of Federal Bank CEO

Livemint

Livemint · 1y ago

RBI declines re-appointment of Federal Bank CEO

The Reserve Bank of India (RBI) has rejected the reappointment of Shyam Srinivasan as the Managing Director and CEO of Federal Bank. Srinivasan's term is set to end on September 22. The RBI has asked Federal Bank to propose at least two executives for the top position. The decision comes as part of the RBI's corporate governance guidelines that restrict the tenure of bank MDs and CEOs to 15 years. Srinivasan has been credited with transforming Federal Bank into a digital-friendly private bank.

TVS Capital Funds onboards Bolt’s president Kal Raman as venture advisor

Inc42 · 1y ago

TVS Capital Funds onboards Bolt’s president Kal Raman as venture advisor

TVS Capital Funds, a mid-market private equity firm, has appointed Kal Raman, the President of Bolt, as a venture advisor. Raman brings over 30 years of experience, having worked with companies like Amazon, Samsung, Groupon, and Walmart. TVS Capital aims to empower next-gen entrepreneurs in India and currently manages assets worth INR 2,000 crores ($240 million). The firm focuses on startups in the B2B services segment and provides mentorship along with financial investment. TVS Capital's portfolio includes companies like Nykaa, PhonePe, DCB Bank, and Medplus.

CaratLane co-founder Avnish Anand joins Singularity to lead consumer investments

VCCircle

VCCircle · 7m ago

CaratLane co-founder Avnish Anand joins Singularity to lead consumer investments

Avnish Anand, co-founder of CaratLane, has joined Singularity Ventures as a partner to lead consumer investments. At Singularity, Anand will focus on building and expanding the firm's consumer portfolio. The private equity firm, backed by investor Madhusudan Kela, appointed Anand due to his expertise in consumer-centric branding. Singularity, founded in 2021, aims to raise a total corpus of Rs 1,500 crores. Additionally, former defence secretary Ajay Kumar has joined as a senior advisor for investments in transformative sectors.

India's quick-commerce frenzy is unsustainable: TVS Capital's Srinivasan

VCCircle

VCCircle · 6m ago

India's quick-commerce frenzy is unsustainable: TVS Capital's Srinivasan

TVS Capital's Chairman, Gopal Srinivasan, expressed skepticism about India’s quick-commerce boom, labeling it unsustainable and reliant on private equity or venture capital funding. Despite rapid growth, with projections reaching $6 billion in annual sales by 2024, Srinivasan views such trends as passing fads lacking long-term viability. He noted investments in this sector follow the "greater fool theory" and highlighted TVS Capital's shift towards more stable financial services investments, alongside successful past ventures like PhonePe and Nykaa.

Agritech-focused VC firm Omnivore expands team with multiple strategic hires

IndianStartupNews

IndianStartupNews · 1y ago

Agritech-focused VC firm Omnivore expands team with multiple strategic hires

Agritech venture capital firm Omnivore has made four senior-level appointments. Arindom Datta, the former Executive Director of Rural and Development Banking/Advisory at Rabobank, has joined as a Senior Advisor. Aaushi Sharma and Michelle Nazareth have been hired as Senior Associate and Associate respectively. Soumee Saha has been appointed as the in-house Legal Manager. Additionally, Abhilash Sethi has been promoted to Investment Director. Omnivore recently announced the first close of its third fund, securing $150 million in investments.

Federal Bank to come back with co-branded credit cards in 3-4 months after getting regulatory approvals: Shyam Srinivasan

Money Control

Money Control · 1y ago

Federal Bank to come back with co-branded credit cards in 3-4 months after getting regulatory approvals: Shyam Srinivasan

Federal Bank is planning to reintroduce co-branded credit cards in the next three to four months pending regulatory approvals from the Reserve Bank of India (RBI), according to Managing Director and CEO Shyam Srinivasan. The bank has put a halt on issuing new co-branded credit cards after receiving a letter from the RBI on March 12, 2024. Federal Bank recently reported a nearly flat net profit of Rs 906 crore ($120.53 million) for the quarter ending March 31. Their net interest income also reached a record high of Rs 2,195.11 crore ($291.82 million).

Vijay Shekhar Sharma Quits Paytm Payments Bank’s Board

Inc42 · 1y ago

Vijay Shekhar Sharma Quits Paytm Payments Bank’s Board

Paytm founder and CEO, Vijay Shekhar Sharma, has resigned from the board of Paytm Payments Bank as part-time non-executive chairman. Paytm Payments Bank has reconstituted its board and made four new appointments, including former Central Bank of India chairman Srinivasan Sridhar and retired IAS officer Debendranath Sarangi. The company is in the process of appointing a new chairman for the payments bank. Paytm said the new appointments will help enhance governance structures and operational standards.

Yali Capital Rolls Out INR 810 Cr Fund To Back Deeptech Startups

Inc42 · 1y ago

Yali Capital Rolls Out INR 810 Cr Fund To Back Deeptech Startups

Yali Capital, a SEBI-approved Category 2 AIF, aims to raise INR 500 Cr, with an extra INR 310 Cr available through a greenshoe option. This venture capital firm is focused on investing in various deeptech sectors such as chip design, robotics, genomics, smart manufacturing, aerospace, and AI. Yali Capital has also brought on board a former CEO of Cadence as an advisor.

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