# Indian Overseas Bank

> Indian Overseas Bank is a VC fund backing Financial Services and Energy. See 7 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Chennai, India
- Total investments: 7
- Last investment: Jul 2026
- Lead investor: 29%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/indian-overseas-bank
- Website: https://x.com/iobindia
- Facebook: https://www.facebook.com/theofficialiob

Indian Overseas Bank is a VC fund in Chennai focused on Financial Services and Energy. Indian Overseas Bank (the Bank) is engaged in the business of banking. The Bank's segments include Treasury, Corporate/Wholesale Banking, Retail Banking and Other Banking Operations. Its operations consist of domestic deposits; domestic advances; foreign exchange operations; investments; micro, small and medium enterprises, includingMUDRA Loan Scheme; retail banking, including Arogya Mahila Savings Bank Accounts; Mid Corporate department; agricultural credit portfolio; loans to small and marginal farmers; loans to non-corporate farmers, and microfinance. Its personal banking services include saving bank, current account, term deposit, retail loans, and mortgages and depository services. It offers merchant banking for issues, debenture trustee, dividend/interest warrant and others. It also offers Internet and mobile banking services. It has over 3,400 branches in India. It has over eight overseas branches with operations in Hong Kong, Bangkok, Sri Lanka, Singapore and South Korea.

## Contacts

5 contacts available for Indian Overseas Bank. Shizune tracks 4 team members at Indian Overseas Bank. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/indian-overseas-bank?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Financial Services | 3 | 43% |
| Energy | 2 | 29% |
| Finance | 2 | 29% |
| Solar | 1 | 14% |
| Banking | 1 | 14% |

13 industries tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| India | 5 | 71% |
| Nigeria | 1 | 14% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Ajay Kumar Srivastava | Managing Director and CEO | 0 | — |
| Muttaiya Chidambaram Chettiar Muthiah Chidambaram Chettiar | Founder | 0 | — |
| Partha Pratim Sengupta | Managing Director & CEO | 0 | — |
| Ricardo Chona | CEO | 0 | — |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| SAVE Microfinance | SAVE Microfinance is part of the SAVE Group and is primarily focused on providing microfinance to the women entrepreneurs of joint liability groups in rural India. | $4.2M | Debt Financing | Jul 06, 2026 |  |
| Dugar Finance and Investments | Dugar Finance and Investments is a financial service firm that offers car loans, property loans, refinance, and investment services. | $18M | Debt Financing | Dec 19, 2025 |  |
| 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 |  |
| Samunnati | Samunnati is a provider of financial intermediation, market linkages, and advisory services that are used to enhance the value of all players across the agriculture value chain. The company aims to provide underserved households access to markets through financial intermediation and advisory services by focusing on the key economic drivers of adistrict. The objective is to aid the enterprises and value chains to operate at a higher level of productivity thereby creating value for all the stakeholders engaged in it.Samunnati was established in 2014 and is headquartered in Chennai, Tamil Nadu. | $267.4M | Debt Financing | Apr 07, 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 |  |
| Samunnati | Samunnati is a provider of financial intermediation, market linkages, and advisory services that are used to enhance the value of all players across the agriculture value chain. The company aims to provide underserved households access to markets through financial intermediation and advisory services by focusing on the key economic drivers of adistrict. The objective is to aid the enterprises and value chains to operate at a higher level of productivity thereby creating value for all the stakeholders engaged in it.Samunnati was established in 2014 and is headquartered in Chennai, Tamil Nadu. | $113.1M | Debt Financing | Oct 09, 2024 |  |
| Cygni Energy | Cygni Energy, head-quartered at Hyderabad, India, is led by an experienced team of professionals who have the experience in creating and running large institutions and the expertise in renewable energy sector. They have a wide-range of experience in managing Grid Connected, Rooftop and Decentralized Photo-voltaic (PV) systems. At Cygni Energy, theybelieve that there is a better way to power our homes and businesses at a much lower cost while contributing to a cleaner greener planet. They also believe that solar rooftop power can cost lesser if an efficient and intelligent solution is deigned based on individual’s requirement. |  | Debt Financing | Aug 25, 2022 |  |

7 of 7 investments shown.

## Co-investors
- Karur Vysya Bank — VC Fund, 3 deals together
- [State Bank of India](https://shizune.co/investors/profile/state-bank-of-india) — VC Fund, 3 deals together
- Bank of India — VC Fund, 2 deals together
- [Enabling Qapital](https://shizune.co/investors/profile/enabling-qapital) — VC Fund, 2 deals together
- [ESAF](https://shizune.co/investors/profile/esaf) — VC Fund, 2 deals together
- [Kotak Mahindra Bank](https://shizune.co/investors/profile/kotak-mahindra-bank) — VC Fund, 2 deals together

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## FAQ

### What does Indian Overseas Bank invest in?

Indian Overseas Bank invests primarily in Financial Services, Energy and Finance startups, most often at Debt Financing stage. Most of the 7 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 Indian Overseas Bank?

Public channels for Indian Overseas Bank include LinkedIn, the website linked on this profile and Facebook. 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 Indian Overseas Bank?

The team at Indian Overseas Bank includes Ajay Kumar Srivastava (Managing Director and CEO), Muttaiya Chidambaram Chettiar Muthiah Chidambaram Chettiar (Founder) and Partha Pratim Sengupta (Managing Director & CEO). 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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