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Technology Development Board
The Technology Development Board was established in 1996 under the Department of Science & Technology. Prof. Abhay Karandikar leads it as chairman while...
Technology Development Board
The Technology Development Board was established in 1996 under the Department of Science & Technology. Prof. Abhay Karandikar leads it as chairman while serving as DST secretary. Capital arrives solely through yearly government budgets. The board invests across buyout, early-stage seed, startup, expansion, growth, and general venture strategies. It supports technology commercialization inside India and maintains partnerships with the Indian Angel Network for co-investment. Geographic focus remains domestic with occasional regional ties through industry associations such as the Confederation of Indian Industry. The organization lists 236 million dollars under management on an Altss estimate basis. It operates from a single headquarters in New Delhi and maintains a formal relationship with the parent Department of Science & Technology. No additional offices or adjacent philanthropic vehicles appear in available records. Its structure ties investment decisions directly to national policy goals rather than family succession or external limited partners.
General information
Firm type
Government / Public Body
Year founded
1996
Location
Region
Asia
Country
India
City
New Delhi
Corporate office
Technology Bhawan, Block II, Second Floor, New Mehrauli Road, New Delhi-110016, India
Principals
Prof. Abhay Karandikar
Chairman
Rajesh Kumar Pathak
Secretary
Padmaja Ruparel
Board Member
Dr. Kiran Mazumdar-Shaw
Former Board Member
Sector focus
Frequently asked questions
Who runs investment decisions at Technology Development Board?
Prof. Abhay Karandikar serves as chairman. Rajesh Kumar Pathak acts as secretary. Both roles sit within the oversight of the Department of Science & Technology.
How does Technology Development Board source proprietary deal flow?
The board works through government channels and maintains a strategic partnership with the Indian Angel Network for co-investing in technology startups.
Is Technology Development Board structured as a single family office or does it operate more like a venture firm?
It functions as a government agency under the Department of Science & Technology. Its mandate centers on technology commercialization and job creation rather than private wealth management.
Does Technology Development Board participate in fund commitments or only direct deals?
Available records show activity across direct investments and co-investments but do not detail fund commitments.
Where does the underlying capital come from?
The board receives annual funding allocations from the Indian government.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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