About us

Neev Fund was conceptualized and launched in 2015 by Hon. Prime Ministers of India (Mr. Narendra Modi) and UK (Mr. David Cameron) to catalyze investment in Indian states which have traditionally not received private investments. The output envisaged from this initiative was creating a model for sustainable development that can provide economic, social and environmental benefits and create jobs in the eight low income states of India.

Since its inception, the Neev Fund has identified and successfully invested in ten portfolio companies in the target states. The Fund now almost completely committed and its investments into companies has led to significant impact at the grassroot level. The Neev Fund portfolio companies employ over 8,800 people and have demonstrated a waterfall effect on the value chain that the companies operate in.



Job Creation

Neev Fund portfolio companies employ over 8,800 people. Significant employment generation across the value chain of the portfolio companies

Finance Leverage

Neev Fund investments have catalyzed subsequent funding in the form of debt and equity in the portfolio companies. . Raised 3x of invested capital from debt and equity providers for growth.

Access to Services

Clean Energy: around 2,50,00 individuals annually are provided access to clean energy generated by wind power   More...


Neev Fund has embedded the environmental, social and governance principles at investee level and consistently monitors and reviews their progress on actions taken. The Fund has ESG linked performance indicators.


Neev Fund IC comprises of nominees of FCDO, SBI, SVL and CIO of the Fund. FCDO has 2 nominees, SBI and SVL have 1 nominee each. In addition to the above, CIO – Neev Fund is also a IC member. The IC comprises of professionals who have significant years of investment and banking experience amongst themselves.

SIDBI has the right to nominate a member on the IC.

The IAC of the Fund comprises of 1 nominee each from FCDO, SBI and SBICap Trustee Company Limited. In addition to the above, SIDBI has the right to nominate a member on the IAC of the Fund.