Friday, June 13, 2025 – TVS Capital Funds (TCF) today announced a reconstitution of its Board of Directors, reflecting its continued focus on enabling India’s journey to a $10 trillion economy. As a “Designed-for-India” growth equity firm, this realignment strengthens TCF’s partnership-led model by bringing in differentiated expertise and reinforcing governance and value creation across its portfolio companies.
The refreshed leadership structure is aimed at deepening sectoral insights, and supporting multi decadal, founder-led businesses through capability-capital backing and institutional-grade oversight.
Mr. R. Thyagarajan, has concluded his formal association with the Board after playing a foundational role in TVS Capital Funds’ journey. His presence brought clarity of thought and an unwavering commitment to principle, shaping the firm’s values and reinforcing its long-term orientation. His guidance was instrumental in anchoring our approach to governance, discipline, and stakeholder alignment. The conviction and courage he inspired continue to influence our decisions and aspirations. R Thyagarajan continues to guide us with his wisdom and insight as ‘Mentor Emeritus’.
Mr. Pradeep Kumar, and Mr. Rajeev Gupta – are moving on from active Board responsibilities. Their leadership, vision, and steadfast guidance have been instrumental in shaping TCF’s trajectory and fostering a culture of excellence and integrity.
TCF extends its profound gratitude to these outgoing members for their exemplary stewardship, which has laid a strong foundation for the firm’s continued growth and impact. Their legacy will remain embedded in the organisation’s values.
As part of this leadership renewal, TVS Capital Funds is happy to announce the appointment of three accomplished business leaders as Independent Directors:
- Shyam Srinivasan, former MD & CEO of Federal Bank, will serve as the Senior Advisor and Operating Partner, offering his extensive knowledge in Financial Services, institution building and market leadership.
- Subhasri Sriram, Managing Director & CEO of Shriram Capital, is appointed as an Independent Director, contributing over thirty years of leadership in financial services and corporate governance.
- Mithun Sacheti, Founder and former Managing Director of CaratLane, joins the Board, bringing a wealth of entrepreneurial experience and expertise in scaling digital consumer businesses.
Welcoming the new members, Mr. Gopal Srinivasan, Chairman & Managing Director of TVS Capital Funds, emphasised the importance of this transition: “The addition of Mithun, Subhasri, and Shyam marks an important milestone for TCF. Their diverse expertise and shared commitment to purposeful growth will help us further our mission. We also honour the remarkable contributions of Mr. R. Thyagarajan, Mr. Pradeep Kumar, and Mr. Rajeev Gupta, whose leadership and insights has been of great importance for us. We look forward to continuing to benefit from Mr. R. Thyagarajan’s mentorship in his role as Mentor Emeritus.”
“I am pleased to join TVS Capital Funds as a Director. Excited to help shape a values-led institution that powers enduring businesses and future-ready leaders, building for Bharat with purpose at the core” said Shyam Srinivasan.
“I am honoured to join TVS Capital Funds as Director. TVS Capital’s legacy of nurturing Nextgen entrepreneurs and building enduring businesses aligns deeply with my own professional values. I look forward to being part the Fund’s mission of catalysing India’s next wave of growth and innovation” said Subhasri Sriram.
“It is a privilege to join the Board of TVS Capital. I deeply admire the firm’s commitment to ideas-based investing and building multi-decadal businesses with integrity and insight. I look forward to contributing to this mission alongside a distinguished group of board members, while continuing to learn and uphold the values” said Mithun Sacheti.
About TVS Capital Funds: TVS Capital Funds (TCF) is a growth-oriented private equity firm with a 17-year track record of partnering with visionary entrepreneurs to build long-term, institutionally governed businesses. Focused on Financial Services and Technology-enabled sectors, TCF brings a distinctive Capability Capital approach- combining strategic guidance, domain expertise, and talent access- with long-term Domestic Capital rooted in trust. With a portfolio of over 35 businesses and 28 successful exits, TCF currently manages ~₹5,000 crore across Fund III and Fund IV, making it one of India’s largest rupee capital platforms. Guided by a philosophy of ideas-led investing and a commitment to Empowering NextGen leaders, TCF is aligned with India’s broader economic transformation and remains dedicated to enabling the next wave of multi-decadal businesses contributing to the country’s $10 trillion aspiration.