# Technology Development Board

Technology Development Board is a Government / Public Body based in New Delhi, India.

## Overview

- **Organization type:** Government / Public Body
- **Headquarters:** New Delhi, India
- **Region:** Asia
- **Address:** Technology Bhawan, Block II, Second Floor, New Mehrauli Road, New Delhi-110016, India
- **Founded:** 1996
- **Assets under management:** 236 (Altss estimate)
- **Website:** www.tdb.gov.in
- **LinkedIn:** https://www.linkedin.com/company/tdbgoi

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Venture
- Technology

## People

- Prof. Abhay Karandikar — Chairman
- Rajesh Kumar Pathak — Secretary
- Padmaja Ruparel — Board Member
- Dr. Kiran Mazumdar-Shaw — Former Board Member

## 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.

### 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.

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

Canonical page: https://altss.com/profile/technology-development-board

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