# Bank of Baroda

> Bank of Baroda is a VC fund in Mumbai backing Financial Services and Finance. See 12 investments, round sizes, portfolio and contact details. Updated Oct 2026.

- Type: VC Fund
- Location: Mumbai, India
- Total investments: 12
- Last investment: Dec 2025
- Lead investor: 42%
- Last updated: Oct 2026
- LinkedIn: https://www.linkedin.com/company/bankofbaroda/about/
- X (Twitter): https://www.twitter.com/bankofbaroda
- Website: http://www.bankofbaroda.co.in/
- Facebook: https://www.facebook.com/bank-of-baroda-960645847355292

Bank of Baroda is a banking company that offers loans, investments, insurance, and other financial services. It features digital banking services, supply chain finance, and government schemes. Bank of Baroda was founded on July 20, 1908 by Maharaja Sayajirao Gaekwad III and its headquartered in Maharashtra, India.

## Contacts

5 contacts available for Bank of Baroda. Shizune tracks 5 team members at Bank of Baroda. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/bank-of-baroda?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Financial Services | 7 | 58% |
| Finance | 3 | 25% |
| Energy | 2 | 17% |
| Banking | 2 | 17% |
| Oil and Gas | 2 | 17% |

25 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Debt Financing | 4 | 33% |
| Post-IPO Debt | 3 | 25% |
| Venture - Series Unknown | 2 | 17% |
| Seed | 1 | 8% |
| Private Equity | 1 | 8% |

6 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| India | 9 | 75% |
| United States | 1 | 8% |
| United Arab Emirates | 1 | 8% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| L Sridhar Inumella | CFO | 0 | — |
| Madan Sabnavis | Chief Economist, Bank of Baroda | 0 | — |
| Nishant ‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎ | Manager | 0 | — |
| Shri Murali Ramaswami | Director | 0 | — |
| Shri S. L. Jain | Executive Director | 0 | — |

## Investments

| Company | Description | Round size | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Petronet LNG | Petronet LNG promotes and develops LNG as motor vehicle fuels and for other small scale consumption.Petronet LNG is one of the fastest growing world-class companies in the Indian energy sector, has set up the country's first LNG receiving and regasification terminal at Dahej, Gujarat, and another terminal at Kochi, Kerala. While the Dahejterminal has a nominal capacity of 17.5 MMTPA, the Kochi terminal has a capacity of 5 MMTPA. The company is also exploring suitable opportunities within and outside India to expand its business presence.Petronet LNG is at the forefront of India's all-out national drive to ensure the country's energy security in the years to come.Formed as a Joint Venture by the Government of India to import LNG and set up LNG terminals in the country, it involves India's leading oil and natural gas industry players. Our promoters are GAIL (India) Limited (GAIL), Oil & Natural Gas Corporation Limited (ONGC), Indian Oil Corporation Limited (IOCL) and Bharat Petroleum Corporation Limited (BPCL). The authorized capital is Rs. 3000 crore. | $1.3B | Post-IPO Debt | Dec 10, 2025 | https://www.petronetlng.in/ |
| ONGC Videsh | ONGC Videsh Ltd. (‘OVL’) a Miniratna Schedule “A” Central Public Sector Enterprise (CPSE) of the Government of India under the administrative control of the Ministry of Petroleum & Natural Gas is the wholly owned subsidiary and overseas arm of Oil and Natural Gas Corporation Limited (ONGC), the flagship national oil company (NOC) of India. Theprimary business of OVL is to prospect for oil and gas acreages outside India, including exploration, development and production of oil and gas. OVL owns Participating Interests in 32 oil and gas assets in 16 countries and contributes to 12% and 7 % of oil and natural gas production of India respectively. In terms of reserves and production, OVL is the second largest petroleum Company of India, next only to its parent ONGC.OVL was incorporated as Hydrocarbons India Pvt. Ltd. on 5 March 1965 to carry out exploration and development of the Rostam and Raksh oil fields in Iran and undertaking a service contract in Iraq. The company was rechristened as ONGC Videsh Limited on June 15, 1989 with the prime objective of marketing the expertise of ONGC abroad. The nineties saw the Company engaged in limited exploration activities in Egypt, Yemen, Tunisia and Vietnam. | $408.8M | Debt Financing | Jan 18, 2024 | https://ongcvidesh.com/ |
| IIFL Finance | IIFL Finance offers financial services such as home loans, small ticket-sized home loans, secured MSME Loans, and project loans. Their diversified business model includes credit and finance, wealth management, financial product distribution, asset management, capital market advisory, and investment banking. | $175M | Post-IPO Debt | Jul 03, 2023 | https://www.iifl.com/ |
| Vistaar Finance | Vistaar designs and delivers customized loan products that address the individual needs of small businesses in terms of loan amount and tenor. Vistaar targets the dominant livelihoods in specific markets, e.g. power looms/textiles, and creates financial products to address the specific needs of that industry. One of the company core strengthslies in its solid, experienced, and visionary leadership: Vistaar founders have more than 55 years of combined experience across commercial, agriculture and rural banking, technology, and operations. | $19.8M | Venture - Series Unknown | Apr 06, 2022 | http://www.vistaarfinance.com/ |
| National Asset Reconstruction Company | NARCL has been incorporated under the Companies Act and has applied to Reserve Bank of India for license as an Asset Reconstruction Company (ARC). NARCL has been set up by banks to aggregate and consolidate stressed assets for their subsequent resolution. PSBs will maintain51% ownership inNARCL. NARCL is intended to resolve stressed loan assetsabove ₹500 crore each amounting to about ₹ 2 lakh crore. In phase I, fully provisioned assets of about Rs. 90,000 crores are expected to be transferred to NARCL, while the remaining assets with lower provisionswould be transferred in phase II | $196.6M | Corporate Round | Mar 25, 2022 |  |
| REC | REC is an infrastructure finance company that operates in financing projects in the complete power sector value chain. The company offers financial assistance to state electricity boards, state governments, central and state power utilities, independent power producers, rural electric cooperatives, and private sector utilities through its extensivenetwork of offices across the country.REC was founded on 1969 and is headquartered in New Delhi, India. | $1.2M | Post-IPO Debt | Jan 14, 2022 | https://www.recindia.nic.in |
| Ola Electric | Ola Electric Mobility engages in the leasing of electric cars. It is working with vehicle and battery manufacturers, cities, driver-partners, and the mobility ecosystem to make electric mobility convenient, dependable, and affordable. Ankit Jain and Anand Shah founded Ola Electric Mobility on May 26, 2017. It has its headquarters in Bengaluru inIndia. | $99.9M | Debt Financing | Jul 12, 2021 | https://olaelectric.com |
| Sai Krishna Cold Storage | Sai Krishna Cold Storage is a cold warehousing business that has a capacity of capacity is 12000 MT. | $427.7K | Debt Financing | Dec 21, 2018 | https://www.saikrishnacoldstorage.in/ |
| Spandana Sphoorty Financial Limited | Spandana Sphoorty Financial Ltd is a Micro-finance company head-quartered at Hyderabad, India.Spandana Sphoorty Financial Limited offers micro-loans to customers who do not have easy access to credit from the formal channels of finance. All microfinance loans under the JLG model of group-based lending are extended to women who are engaged inentrepreneurial (income generation) activities, thus ensuring financial security, empowerment, and improved quality of living to their families. | $63M | Debt Financing | Jan 02, 2018 | http://www.spandanaindia.com/ |
| Quassar Capital | Quassar Capital is a New York–based investment firm founded in 2012, managing $23.6 billion in assets under a disciplined investment mandate focused on execution and performance.The firm develops and deploys proprietary technology and quantitative frameworks, supported by rigorous global market analysis, to identify high-conviction opportunitiesacross global, multi-asset markets. Particular attention is given to timing, liquidity conditions, and the mechanics of how markets trade.Quassar Capital integrates data-driven insights and quantitative models with deep fundamental research to support informed decision-making across asset classes. This approach is designed to remain robust across different market environments and volatility regimes.The firm’s culture is grounded in intellectual rigor, independent judgment, and accountability. Teams are expected to challenge assumptions, think critically, and operate with discipline, with a strong emphasis on process quality and risk management.Quassar Capital builds long-term partnerships based on integrity, transparency, and alignment of interests, with a consistent focus on delivering durable results over time.Quassar Capital, L.P. is affiliated with Cabrera Capital Markets LLC.Contact Us: contactcenter@quassarcapital.com | $39.9M | Venture - Series Unknown | Dec 05, 2016 | https://www.f6s.com/quassarcapital |

10 of 12 investments shown.

## Co-investors
- [Axis Bank](https://shizune.co/investors/profile/axis-bank) — VC Fund, 2 deals together
- [DBS Bank](https://shizune.co/investors/profile/dbs-bank-ltd) — VC Fund, 2 deals together
- [State Bank of India](https://shizune.co/investors/profile/state-bank-of-india) — VC Fund, 2 deals together
- [Bank of India](https://shizune.co/investors/profile/bank-of-ind) — VC Fund, 1 deal together
- Bank of Japan — VC Fund, 1 deal together
- [Canara Bank](https://shizune.co/investors/profile/canara-ban) — VC Fund, 1 deal together

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## FAQ

### What does Bank of Baroda invest in?

Bank of Baroda invests primarily in Financial Services, Finance and Energy startups, most often at Debt Financing and Post-IPO Debt stage. Most of the 12 investments tracked by Shizune back companies in India. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact Bank of Baroda?

Public channels for Bank of Baroda include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Bank of Baroda?

The team at Bank of Baroda includes L Sridhar Inumella (CFO), Madan Sabnavis (Chief Economist, Bank of Baroda) and Nishant ‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎ (Manager). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Oct 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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