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Triveni Trust
Triveni Trust was established to manage the investments of the Dhanuka family. Mahendra Kumar Dhanuka serves as chairman and managing trustee.
Triveni Trust
Triveni Trust was established to manage the investments of the Dhanuka family. Mahendra Kumar Dhanuka serves as chairman and managing trustee. The family built its base through Dhanuka Agritech Ltd., a listed agrochemicals company where the trust remains the lead promoter. The office allocates across public equities, venture capital, and real estate. Confirmed positions include lead or co-lead roles in Fyllo (May 2022 and follow-on May 2024), BharatAgri (February 2020), Accio Robotics (January 2024), and Daalchini Technologies (June 2021). It also committed as an LP to Artha Venture Fund I. Geographic focus centers on India with additional exposure across Asia, Europe, North America, and Africa. Asset classes span public market holdings, direct co-investments, and real-estate parcels such as units in DLF The Camellias and land near Ayodhya. The trust reports 305 million USD in assets. It maintains offices in Bangalore and New Delhi. Philanthropic arms include the Chiranji Lal Dhanuka Charitable Trust and Dhanuka Family Trust. In May 2024 the office participated in Fyllo's $4 million round. In April 2025 it executed a bulk sale of one million shares in NACL Industries Ltd. The trust's structure ties investment decisions directly to the founding family through the managing trustee role. This alignment allows rapid follow-on commitments to portfolio companies and direct participation in public-market transactions without external fund layers.
General information
Firm type
Single Family Office
Location
Region
Asia
Country
India
City
Bangalore
Principals
Mahendra Kumar Dhanuka
Chairman and Managing Trustee
Sector focus
Frequently asked questions
Who runs investment decisions at Triveni Trust?
Mahendra Kumar Dhanuka serves as chairman and managing trustee and leads deal decisions. Family members including Rahul Dhanuka participate in oversight of the agrochemicals holding.
Does Triveni Trust participate in fund commitments or only direct deals?
The trust makes both LP commitments, such as to Artha Venture Fund I in 2021, and direct co-investments in companies including Fyllo and Accio Robotics.
What investment stages does Triveni Trust typically target?
The office targets seed and pre-Series A rounds in agritech and industrial tech alongside public equity positions and real-estate assets.
Where does the underlying wealth come from?
The Dhanuka family founded Dhanuka Agritech Ltd., an agrochemicals company. Triveni Trust remains the largest promoter shareholder.
How does Triveni Trust source proprietary deal flow?
Deals frequently arrive through co-investors such as Ninjacart and IAN and through domain alignment with the family's agrochemicals operations.
Does Triveni Trust maintain philanthropic structures, and how are they separated?
The office operates three philanthropic vehicles focused on education, healthcare, cultural preservation, and social welfare in India.
What is Triveni Trust's known posture on co-investments alongside external GPs?
The trust regularly co-invests with other family offices and funds including Singhania Family Office, BEENEXT, and India Quotient.
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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