
SEBI-encouraged funds — venture capital, SME, social-impact and infrastructure. Close-ended, generally unleveraged.
Technology Venture Fund is a SEBI-registered Category I Alternative Investment Fund managed by IL&FS Investment Managers Limited (IIML), one of India's oldest and largest private equity fund management companies. IIML was established in 1989 (originally as Creditcapital Venture Fund India, renamed IL&FS Venture Corporation in 1997) and has raised and managed over $3.5 billion on behalf of leading Indian and international institutions — including US pension funds, endowments, foundations, and sovereign wealth funds. IIML was one of India's earliest institutional venture capital investors, being among the first to back sectors such as telecom, city gas distribution, shipyards, retail, and media. It also floated India's first technology-specific VC fund, the Information Technology Fund (ITF), subscribed to by IDBI, IFC, LIC, UTI, and technology industry participants. IIML is listed on Indian stock exchanges and as of March 2025 remains 50.42% owned by Infrastructure Leasing & Financial Services Limited (IL&FS). The Technology Venture Fund (registered 2015) is a legacy venture vehicle under IIML's platform, which now focuses primarily on infrastructure, real estate, and growth private equity through its active funds including TARA IV, SCI Asia, and multiple infrastructure and real estate vehicles.
Mr. Chitranjan Singh Kahlon
BoardIndependent Non-Executive Chairman
Diploma (University of Birmingham), MA (Punjab University)
Mr Chitranjan Singh Kahlon is currently serving as the Independent Non-Executive Chairman of the Company. Mr Kahlon has a Diploma from the University of Birmingham, United Kingdom and Master of Arts from Punjab University. He is also a Member of the Indian Revenue Service. Mr Kahlon served as a member of Central Board of Direct Taxes, Government of India and as an Executive Director of Securities & Exchange Board of India and has worked in various capacities in the Indian Revenue Service. Mr Kahlon has hands-on experience in the field of Capital Market and is familiar with Tax administration in India particularly with regard to Tax policy.
Mr. Gaurav Khungar
BoardNon-Executive Nominee Director of IL&FS
MBA (University of North Carolina)
Mr Gaurav Khungar is currently serving as Non-Executive Nominee Director of Infrastructure Leasing & Financial Services Limited of the Company. Mr Khungar has completed his Masters of Business Administration (Post Graduation) from the University of North Carolina, USA. Mr Khungar's current role requires operations and asset management of a portfolio of IL&FS entities. Mr Khungar is designated as a CEO at IL&FS. Prior to his current role, Mr Khungar held very senior positions with the Big Four Firms and Financial Services Companies. Mr Khungar has over 26 years of experience in managing all aspects of a business/portfolio of investments.
Mr. Munish Kumar Saraogi
BoardIndependent Non-Executive Director
Chartered Accountant, Bachelor of Commerce
Mr Munish Kumar Saraogi is currently serving as an Independent Non-Executive Director of the Company. Mr Saraogi is a qualified Chartered Accountant and also holds a degree in Commerce. Mr Saraogi has over three decades experience. Mr Saraogi was National Director Price waterhouse Coopers for more than 3 years, Director with Deloitte and worked with EY for more than 20 years. He has specialization in Audit as per IAS & IGAAP, along with Technical Expertise over Accounting Standards & Auditing Standards as recognized by ICAI, EY & PWC.
No insights published yet.
Investments in AIFs carry market and credit risk including possible loss of capital. Past performance does not indicate future returns. Information shown is sourced from the issuer's PPM and SEBI filings — confirm against the latest PPM before committing. Wisefolio is an information platform; it is not registered with SEBI as an investment adviser, portfolio manager, or distributor. By using this page you accept our terms and privacy policy, including the self-attestation that you are eligible to view AIF marketing material under SEBI rules.
See every PMS strategy and AIF from IL&FS Investment Managers.