# Bank of India

> Bank of India is a VC fund in Bandra backing Energy and Travel. See 11 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Bandra, India
- Total investments: 11
- Last investment: Jul 2026
- Lead investor: 36%
- Last updated: Aug 2026
- Website: https://www.bankofindia.com

Bank of India is a Nationalized bank with a presence in all the major trade centers of the world.

## Contacts

5 contacts available for Bank of India. Shizune tracks 2 team members at Bank of India. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/bank-of-ind?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Energy | 3 | 27% |
| Travel | 2 | 18% |
| Aerospace | 2 | 18% |
| Industrial | 2 | 18% |
| Oil and Gas | 2 | 18% |

32 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Debt Financing | 5 | 45% |
| Post-IPO Debt | 3 | 27% |
| Post-IPO Equity | 2 | 18% |
| Corporate Round | 1 | 9% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| India | 9 | 82% |
| Nigeria | 1 | 9% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Atanu Kumar Das | Managing Director & CEO | 0 | — |
| Ramnarain Ruia | Founder | 0 | — |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| STL | Sterlite Technologies Limited is a leading global provider of transmission solutions for the telecom and power industries. Equipped with a product portfolio that includes overhead power T&D conductors including high performance conductors, optical power ground wire (OPGW), EHV/HV/ MV power cables, optical fibers, telecommunicationcables and a comprehensive telecom systems / solutions portfolio, Sterlite’s vision is ‘Connect every home on the planet’. | $157.4M | Post-IPO Equity | Jul 02, 2026 |  |
| SpiceJet | SpiceJet is India’s preferred airline, with 18.5% market share in Indian domestic market, delivering the lowest air fares with the highest consumer value.The city of Agartala, Ahmedabad, Allahabad, Amritsar, Aurangabad, Bagdogra, Belgaum, Bengaluru, Bhopal, Chandigarh, Chennai, Coimbatore, Dehradun, Delhi, Goa, Guwahati, Hubli, Hyderabad,Indore, Jabalpur, Jaipur, Jammu, Kochi, Kolkata, Kozhikode, Lucknow, Madurai, Mangalore, Mumbai, Mysore, Nanded, Pondicherry, Port Blair, Pune, Rajahmundry, Srinagar, Surat, Thiruvananthapuram, Tiruchirapalli (Trichy), Tirupati, Tuticorin, Udaipur, Varanasi, Vijayawada, Visakhapatnam and 8 international destinations namely Dubai, Colombo, Guangzhou Kabul, Kathmandu, Malé, Riyadh and Sharjah are connected using our new generation fleet of 36 Boeing 737-800/ 900ER aircrafts which are of the highest standard in safety and operating efficiency along with our newly acquired 15 Bombardier Q400 aircraft for enhancing connectivity to Tier II and Tier III cities.SpiceJet MAX:When you are booking your ticket choose SpiceJet MAX and avail fabulous benefits:1) Priority Check-in2) Seat Selection3) Complimentary Meal4) Priority Baggage DeliverySpiceJet Holidays:With our holiday packages, you can customize your vacations according to your plans and add sightseeing excursions or a guided trek or any of our other optional add-ons in your itinerary | $15.9M | Post-IPO Debt | Jun 19, 2026 |  |
| KRN Heat Exchanger | KRN Heat Exchanger is a manufacturing company in the industrial thermal management sector that produces various types of heat exchangers and cooling coils for commercial applications. The organization manufactures fin and tube heat exchangers that utilize copper and aluminum components. Engineers at the company design bar and plate heat exchangersfor high-pressure industrial environments. The business builds complete heating, ventilation, and air conditioning systems for different commercial clients. | $36.6M | Post-IPO Equity | Jun 02, 2026 |  |
| Numaligarh Refinery | Numaligarh Refinery is an oil company that produces oil products and operates a 3 MMTPA refinery. The company's product range consists of LPG, Naphtha, Motor Spirit (MS), Aviation Turbine Fuel (ATF) Superior Kerosene Oil (SKO) High-Speed Diesel (HSD), Raw Petroleum Coke (RPC) Calcined Petroleum Coke (CPC), Sulphur, Wax, Nitrogen, MineralTurpentine Oil (MTO), Special Boiling Point Spirit (SBPS), and Liquid Sulphur. | $1.2B | Debt Financing | Nov 13, 2025 |  |
| AI Fleet Services IFSC | AI Fleet Services IFSC is a non government company. | $215M | Debt Financing | Oct 15, 2025 |  |
| Air India | Air India is the flagship carrier airline of India and the third largest Airline in India in the terms of passengers carried, after Indigo and Het Airways. Air India Limited operates passenger and cargo airlines in India. Its fleet comprises Boeing 777-200ER, Boeing 747-400, Boeing 747-400 Combi, and Airbus 310. The company operates flights tovarious destinations, including London and Birmingham in the United Kingdom; Paris and Frankfurt in Europe; Bangkok, Dhaka, Hong Kong, Jakarta, Kuala Lumpur, Osaka, Seoul, Shanghai, Singapore, and Tokyo in Asia Pacific region; Abu Dhabi, Dammam, Dubai, Jeddah, Kuwait, Muscat, and Riyadh in Gulf and Middle East region; Chicago, Los Angeles, New Jersey, and New York in the United States; Toronto in Canada; and Dar-es-Salaam and Nairobi in Africa. It also offers online booking, electronic ticketing, advance check-in, and cargo tracking services. The company was founded in 1932 and is based in Mumbai, India. | $215M | Debt Financing | Sep 29, 2025 |  |
| Africa Finance Corporation | Africa Finance Corporation focuses on infrastructure financing across various sectors, including power and transportation. The institution provides debt, equity, project development, and financial advisory services to address infrastructure needs. It was established through an agreement among sovereign African states and has received anchorinvestment from the Central Bank of Nigeria. Since its establishment, AFC has invested significantly in high-quality infrastructure assets to support sustainable economic growth in Africa. | $300M | Debt Financing | Nov 18, 2024 |  |
| Reliance Jio | Reliance Jio Infocomm is a company providing wireless telecom products and services. The company offers voice, data, and messaging services, as well as distributes smartphones and hotspot devices. Its areas of research, development and new service deployment include blockchain, artificial intelligence, open source platforms, IOT, data analytics,and next-gen cloud services. |  | Debt Financing | Mar 13, 2023 |  |
| Reliance Industries | Reliance Industries is engaged in the exploration, development, and production of crude oil and natural gas in India and internationally. Reliance Industries is the second-largest publicly traded company in India by market capitalization and is the second-largest company in India by revenue after the state-run Indian Oil Corporation. Across alleconomic and social spheres, Reliance's product and service portfolio affects nearly all Indians on a daily basis. | $3B | Post-IPO Debt | Mar 13, 2023 |  |
| Open Network Digital Commerce | DPIIT has initiated the Open Network for Digital Commerce (ONDC) project, which aims to promote open networks developed on open sourced methodology, using open specifications and open network protocols independent of any specific platform. | $1.2M | Corporate Round | Sep 27, 2022 |  |

10 of 11 investments shown.

## Co-investors
- [Standard Chartered Bank](https://shizune.co/investors/profile/standard-chartered-bank) — VC Fund, 4 deals together
- [State Bank of India](https://shizune.co/investors/profile/state-bank-of-india) — VC Fund, 4 deals together
- [HSBC](https://shizune.co/investors/profile/hsbc) — VC Fund, 3 deals together
- [Axis Bank](https://shizune.co/investors/profile/axis-bank) — VC Fund, 2 deals together
- [Bank of America](https://shizune.co/investors/profile/bank-of-america) — VC Fund, 2 deals together
- Bank of Taiwan — VC Fund, 2 deals together

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## FAQ

### What does Bank of India invest in?

Bank of India invests primarily in Energy, Travel and Aerospace startups, most often at Debt Financing and Post-IPO Debt stage. Most of the 11 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 India?

Public channels for Bank of India include 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 India?

The team at Bank of India includes Atanu Kumar Das (Managing Director & CEO) and Ramnarain Ruia (Founder). 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 Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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