TN
True North
Private EquityActiveThe company was founded with a view towards investing in mid-sized, profitable, India-centric businesses
39
Investments
6
Exits
$3B
AUM
15.4%
Exit Rate
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Investment Thesis & Strategy
True North invests in profitable, mid-sized fintech companies operating in India, across various stages of development.
Investment Activity
Deals per year over the last 9 years
2
20053
20063
20070
20080
20092
20101
20110
20121
2013Portfolio Companies
Selected investments from their portfolio of 39 companies
G
Gland Pharma
Biotech · Growth, 2013
C
CARE Hospitals
Healthcare · Growth, 2011
A
Aakash Educational Services
EdTech · Growth, 2010
U
Ujjivan Small Finance Bank
Fintech · Growth, 2010
S
Shree Renuka Sugars
Food & Beverage · Growth, 2007
V
VST Tillers Tractors
Other · Growth, 2007
C
Cholamandalam Investment and Finance Company
Fintech · Growth, 2007
M
Magma Fincorp
Fintech · Growth, 2006
I
IndiGo
Transportation · Growth, 2006
M
Max Healthcare
Healthcare · Growth, 2006
M
Motherson Sumi Systems
Other · Growth, 2005
I
IDFC First Bank
Fintech · Growth, 2005
Notable Exits
CompanyTypeYearValue / Acquirer
CARE HospitalsAcquisition2023—
AGS HealthAcquisition2023—
Gland PharmaIPO2020$1.5B
Max HealthcareAcquisition2020—
Bangalore International AirportAcquisition2016—
Indiabulls Housing FinanceIPO2008—
Frequently Asked Questions
True North focuses on Series B, Series C+ stage investments.