IDBI Capital

सही फ़ंड चुनना

• पहले जाँचें कि आपकी कंपनी कहाँ निगमित है और कहाँ काम करती है। तीनों फ़ंड महाराष्ट्र-आधारित व्यवसायों के लिए हैं, और कहीं और से आया आवेदन आगे बढ़ने की संभावना कम है।
• MITDF महाराष्ट्र में निगमित स्टार्टअप और MSME के लिए सामान्य प्रारंभिक-चरण विकल्प है।
• MDAVF केवल रक्षा, एयरोस्पेस या सहयोगी क्षेत्रों की आपूर्ति करने वाले व्यवसायों के लिए है।
• SC/ST फ़ंड केवल SC या ST उद्यमियों के स्वामित्व वाले उद्यमों के लिए है। फ़ंड टीम से पूछें कि स्वामित्व का नियम आप पर कैसे लागू होता है, क्योंकि पेज इसे दो अलग तरीकों से बताता है।

आवेदन कैसे काम करते हैं

• हर फ़ंड का अपना आवेदन फ़ॉर्म है, जो उसके पेज से जुड़ा है, और अपना ईमेल इनबॉक्स है।
• कोई प्रवेश अवधि या समय-सीमा नहीं बताई गई है, इसलिए पूरा आवेदन तैयार करने से पहले टीम से पुष्टि कर लें।
• पूछताछ उस फ़ंड के इनबॉक्स पर भेजें जिसके लिए आप आवेदन कर रहे हैं, सामान्य कंपनी पते पर नहीं।

पहले से तैयार क्या रखें

• इस बात का प्रमाण कि आपकी कंपनी कहाँ निगमित है और कहाँ काम करती है।
• SC/ST फ़ंड के लिए पेज पर जाति और जाति-वैधता प्रमाणपत्र माँगे गए हैं।
• आपके व्यवसाय मॉडल का स्पष्ट विवरण और यह कि वह क्यों विस्तार कर सकता है। MITDF कहता है कि वह नवाचारी और विस्तार-योग्य मॉडल खोजता है।

जानने योग्य बातें

• फ़ंडिंग के निर्णय फ़ंड करता है, और MITDF नोट करता है कि अंतिम निर्णय सक्षम प्राधिकारियों की स्वीकृति के अधीन हैं, इसलिए ऐसी प्रक्रिया की योजना बनाएँ जो तुरंत न हो।
• Bharat Petroleum के स्टार्टअप फ़ंड के लिए IDBI Capital से संपर्क न करें। वह प्रोग्राम आवेदन Bharat Petroleum के ज़रिए लेता है।

IDBI Capital Markets & Securities Ltd, known as IDBI Capital or ICMS, is a wholly owned subsidiary of IDBI Bank Ltd. It is an investment banking and securities company with its registered office in the IDBI Tower at the World Trade Centre, Cuffe Parade, Mumbai. Most of what it does is capital-markets work for companies and institutions. The startup-facing part is small and specific: it manages two funds registered with the Securities and Exchange Board of India (SEBI) and advises one state-government scheme, all of them aimed at businesses based in Maharashtra.

What IDBI Capital does for startups

IDBI Capital has been a SEBI-registered portfolio manager since 1998. Its alternative investment fund arm says it acts as Investment Manager for two SEBI-registered funds and as Project Advisor to a scheme of the Government of Maharashtra. These are not general-purpose startup programmes. They are funds with a defined purpose and a defined place, and a founder outside Maharashtra should read the eligibility carefully before spending time on an application.

The company does not run an open, standing incubator or accelerator of its own, and its site does not describe one. Founders looking for investment banking services such as fundraising advice or listings are dealing with a different part of the business than the funds described here.

The funds it manages

The Maharashtra Innovation and Technological Development Fund, usually called MITDF, is a SEBI-registered fund. IDBI Capital is its Sponsor and Investment Manager, and IDBI Trusteeship Services Limited is its Trustee. Its primary objective is to invest in early-stage startups and MSMEs incorporated in Maharashtra that have an innovative and scalable business model.

The Maharashtra Defence and Aerospace Venture Fund, or MDAVF, is held in a trust registered with SEBI as a Category II alternative investment fund in 2018. IDBI Capital is its Investment Manager. Its focus is sustainable enterprises in the defence, aerospace and allied sectors in Maharashtra, and it can invest through equity as well as other instruments.

The Bharat Ratna Dr. Babasaheb Ambedkar Investment Fund for SC/ST is part of a Government of Maharashtra scheme. Its stated objective is to promote and provide finance to sustainable enterprises fully owned by SC and ST entrepreneurs. On its own pages IDBI Capital lists itself as Project Advisor to this scheme, and the fund page does not name the investor or owner of the fund. The page covers two schemes, one for proprietorships, partnerships and clusters and one for companies.

One point on that fund is unclear. The page describes the required ownership as full control by SC/ST promoters and directors, and elsewhere says SC/ST shareholding should in no case fall below a set minimum share. Anyone planning to apply should ask the fund team which rule applies to their company.

A fund that is not IDBI Capital's own

IDBI Capital's site also carries a page about a startup fund run by Bharat Petroleum, where IDBI Capital is the consultant. In that role it evaluates proposals, assists with due diligence and handles review and monitoring after an investment. That is Bharat Petroleum's programme, and applications for it are Bharat Petroleum's to handle, so it is not listed here as an IDBI Capital programme.

Who can apply

All three funds are tied to Maharashtra. MITDF refers to companies incorporated in the state, MDAVF to enterprises in the state, and the SC/ST fund to enterprises owned by SC and ST entrepreneurs under a Government of Maharashtra policy. Beyond that, each fund has its own conditions on sector, ownership and company type. The fund pages set these out, and they should be read in full before applying.

Where it is based

The registered office is at 6th Floor, IDBI Tower, World Trade Centre, Cuffe Parade, Mumbai 400 005. The site also has a branch locator page. The company's general contact address is info@idbicapital.com.

How to apply

Each fund has its own application form linked from its page, and its own email inbox: mitdf@idbicapital.com for MITDF, mdavf@idbicapital.com for MDAVF and brbascst@idbicapital.com for the SC/ST fund. None of the pages states an intake window or a deadline, so the practical step is to send the fund team a short note first.