Cat I · Managed by NEDFi Venture Capital
Catalysing Northeast India's Startup Ecosystem.
SEBI-encouraged funds — venture capital, SME, social-impact and infrastructure. Close-ended, generally unleveraged.
North East Venture Trust (IN/AIF1/16-17/0285) is a SEBI-registered Category I AIF and the trust vehicle for the North East Venture Fund (NEVF), managed by NEDFi Venture Capital Limited (NVCL) — a wholly owned subsidiary of the North Eastern Development Finance Corporation Limited (NEDFi), headquartered at NEDFi House, G.S. Road, Dispur, Guwahati 781006. NEDFi is a Non-Banking Financial Company under the administrative control of the Ministry of Development of North Eastern Region (MDoNER), Government of India. NEVF was the first venture capital fund dedicated to Northeast India, registered with SEBI in December 2016 with a corpus of INR 100 crore. It achieved its first close with capital commitments of INR 75 crore in March 2017 and final close in March 2018. As of date, the fund has invested in 64–69 startups across the eight states of Northeast India, spanning sectors including agritech, healthtech, edtech, logistics, and consumer. Key portfolio companies include Terra-Blu, ERC Eye Care, Automovill Technologies, ParkingRhino, Pratyaksha AgroTech, QConnect, and Atvi Infotainment. NEDFi Venture Capital Limited also manages three other SEBI-registered funds: the Manipur Startup Venture Fund (INR 30 crore, co-financed by NEDFi and Manipur state government), and acts as fund manager for the NRL Ideation Angel Fund (INR 30–40 crore, a collaboration with Numaligarh Refinery Limited/NRL). The fund's input manager_name ('NRL Ideation Angel Fund') was a data error — that is a different fund managed by the same NVCL entity. The SEBI registration IN/AIF1/16-17/0285 = North East Venture Trust = North East Venture Fund.
Gaurav Barick
Associate
NISM certified Alternative Investment Manager
Gaurav has nearly 10 years of experience in Scheme Management, Venture Capital, empirical research and financial analysis across Public and Private Sector organizations. He holds a B.Sc. and an MBA in Finance, with a strong foundation in financial management and research. His experience includes scheme implementation, investment assessment, stakeholder coordination and analytical assignments. He is also an NISM certified Alternative Investment Manager.
PVSLN Murty
BoardChairman & Managing Director, NEDFi
Shri PVSLN Murty is currently the Chairman and Managing Director of North Eastern Development Finance Corporation Limited (NEDFi). He formerly worked as Chief General Manager (CGM) and Chief Strategy Officer (CSO) of the largest public sector bank, State Bank of India (SBI), and brings with him 40+ years of rich Commercial and Development Banking experience in diverse and varied areas of the Financial System. Prior to joining NEDFi as Chairman & Managing Director (CMD), Mr. Murty was posted as Chief Strategy Officer at SBI, based at the Corporate Office, Mumbai. Mr. Murty also has experience of serving the North Eastern Region of India for more than three years as Chief General Manager and Regional Head during the period of 2015-2018 while in SBI. Besides serving as a member on the Board of Directors of NEDFi from June 2016 to November 2018, he was also on the Boards of the Indian Institute of Bank Management (IIBM), ATTF and many large industrial corporates. He was instrumental in bringing up APONGHAR, a popular Housing Loan Scheme for the Government of Assam employees, in collaboration with the Assam Government.
Lemli Loyi
BoardDirector
Shri Lemli Loyi is a senior banking and development finance professional with over 25 years of experience spanning development finance, infrastructure investment, venture capital, MSME financing and advisory services. He holds a Bachelor of Technology degree in Mechanical Engineering from North Eastern Regional Institute of Science and Technology (NERIST) and PGDM from the Indian Institute of Management, Bangalore. He has been associated with the Export-Import Bank of India and NEDFi, where he has held senior positions and handled diverse responsibilities in project and infrastructure finance, investment, entrepreneurship development and institutional initiatives. Presently serving as Executive Director of NEDFi, he brings extensive experience and strategic insight in investment, enterprise development and financial services.
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Ramheube E. Zeliang
BoardDirector
CFA
Shri Ramheube E. Zeliang is an Electrical Engineer and Finance Professional with nearly three decades of experience in financial services and development finance, specialising in credit, lending, risk management and business development in North East India. He holds a Bachelor's degree in Electrical Engineering (1995), PGDM from IIM Calcutta (1997) and CFA qualification (2013). He began his career with UTI in 1997 in mutual fund marketing and sales and joined NEDFi in 1999, where he has held various roles in the Credit function. His experience spans project appraisal, credit assessment, financing scheme design, credit policy, risk management and institutional credit decision-making, with field exposure across all eight North Eastern States. As General Manager NEDFi, he currently oversees credit operations across NEDFi's 24 Branch Offices in the North Eastern Region.
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