# SIDBI

SIDBI is a Private Equity based in Lucknow, India.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Lucknow, India
- **Region:** Asia
- **Address:** Lucknow, India
- **Founded:** 1990
- **Assets under management:** Undisclosed
- **Website:** www.sidbi.in
- **LinkedIn:** https://linkedin.com/company/sidbi-small-industries-development-bank-of-india

## Regulatory record

- **Reports private funds:** No

## About

Small Industries Development Bank of India is the principal financial institution focused on promoting, financing, and developing the MSME sector in India.

## Sectors

- Financial Services
- Enterprise Software
- FinTech
- ClimateTech

## Offices

- Mumbai
- New Delhi

## People

- Manoj Mittal — Chairman & Managing Director
- Sudatta Mandal — Deputy Managing Director
- Prakash Kumar — Deputy Managing Director

## Questions

### Who runs investment decisions at SIDBI?

Manoj Mittal serves as Chairman and Managing Director, overseeing the institution's full mandate. Day-to-day fund deployment under the Fund of Funds for Startups and SIDBI Venture Capital Ltd is handled by dedicated investment teams reporting through Deputy Managing Directors Sudatta Mandal and Prakash Kumar (per firm website).

### How does SIDBI source its venture and equity deal flow?

SIDBI sources equity and venture deals primarily through its Fund of Funds for Startups, which commits capital to SEBI-registered alternative investment funds. These AIFs, in turn, source and diligence individual startup investments. The subsidiary SIDBI Venture Capital Ltd originates direct and co-investment deal flow through its dedicated early-stage and expansion-stage funds.

### Is SIDBI a development bank or does it operate more like a venture firm?

SIDBI operates as both. Its core identity is a statutory development-finance institution that refinances banks and NBFCs for MSME lending. Alongside that, it runs a venture-capital subsidiary and a government-originated fund-of-funds program that deployed capital into over 100 domestic venture vehicles.

### Does SIDBI participate in fund commitments or only direct deals?

The institution does both. It makes fund commitments through the Fund of Funds for Startups and takes direct equity positions through SIDBI Venture Capital Ltd. It also holds minority equity in microfinance institutions via the India Microfinance Equity Fund.

### What investment stages does SIDBI typically target?

SIDBI covers the full spectrum. Its venture-capital subsidiary targets early-stage, seed, and expansion-stage companies. The fund-of-funds program backs AIFs that invest from seed through late-stage. Indirect lending and refinancing support MSMEs at working-capital and growth phases.

### Which sectors does SIDBI explicitly focus on?

The institution's venture programs have emphasized DeepTech, Artificial Intelligence, and Advanced Manufacturing, as highlighted by the CMD at Capital Connect 2026. Its broader statutory mandate covers all MSME sectors, with additional recent focus on green finance and digital-lending infrastructure.

## Related profiles

- [Sidaoke Investment](https://altss.com/profile/sidaoke-investment)
- [SIDBI Fund of Funds](https://altss.com/profile/sidbi-fund-of-funds)

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Last updated: 2026-06-03T20:00:00.000Z

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