# L&T Mutual Fund

> L&T Mutual Fund is a VC fund in Mumbai backing Chemical, Consulting and Recruiting. See 4 investments, check sizes, portfolio. Updated Sep 2026.

- Type: VC Fund
- Location: Mumbai, India
- Total investments: 4
- Last investment: Apr 2019
- Lead investor: 0%
- Last updated: Sep 2026
- LinkedIn: https://www.linkedin.com/company/919608
- X (Twitter): https://www.twitter.com/lntfsonline
- Website: http://www.lntmf.com
- Facebook: https://www.facebook.com/lntmutualfund

L&T Mutual Fund is a company that focuses on providing investment advice for businesses.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Chemical | 1 | 25% |
| Consulting | 1 | 25% |
| Recruiting | 1 | 25% |
| Biotechnology | 1 | 25% |
| Manufacturing | 1 | 25% |

9 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Venture - Series Unknown | 3 | 75% |
| Private Equity | 1 | 25% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Neogen Chemicals | Apart from Bromination and Grignard chemistry, Neogen has also developed competencies in other related chemistries like Alkylation, Acylation, Friedel Craft, Couplings Chlorination etc. Neogen is also focusing on Custom Synthesis and Contract Manufacturing.Work has already commenced in this area with customers in Japan and Europe. | $5.7M | Venture - Series Unknown | Apr 23, 2019 | http://neogenchem.com/ |
| HG Infra Engineering | H.G. Infra Engineering Limited (HGIEL) is certified construction company engaged primarily in execution of infrastructure sector projects like highways, roads & bridges. Military Engineering Services(MES). The company also executes other civil construction projects like extension & grading of runways, railways & land development. Thecompany has diversified into water pipeline projects also in last few years. HGIEL was founded on 8 June, 2017 (Erstwhile known as HGIEPL which was incorporated in 2003 by their founder promoter Mr. Hodal Singh who has more than 40 years of experience in the construction sector. They are registered as grade 'AA' Class contractor with PWD, Rajasthan & 'SS' Category with Military Engineering Services(MES). |  | Private Equity | Feb 26, 2018 | http://www.hginfra.com |
| Advanced Enzymes | Advanced Enzyme is a research driven company manufacturing enzymes and probiotics and dedicated to marketing eco-safe solutions to a wide variety of industries like pharmaceuticals, nutraceuticals, animal healthcare, baking, agriculture, waste management, textile, leather, distilling, grain processing, brewing, juice processing, etc. AdvancedEnzyme Technologies Ltd. aims to replace all harsh drugs and chemicals used in treating healthcare as well as industrial problems with eco-safe solutions using enzymes and probiotics. | $18.3M | Venture - Series Unknown | Jul 19, 2016 | http://www.advancedenzymes.com |
| TeamLease Services | We are one of India's leading providers of human resource services in the organized segment, delivering a broad range of human resource services to various industries, with a vision to Putting India to Work.TeamLease Services - Established in 2002 is now one of India’s leading providers of human resource services and foremost people supplychain company with 8 regional offices and over 1000 full time employees.Our services span the entire supply chain of human resources in India, covering 3 E’s - Employment, Employability and Education.According to CRISIL, we are one of the largest temporary staffing company in India in terms of revenues and no. of associate employees in 2014.The company currently has 99,090 associates across the country and have till date provided employment to approx. 1.12 million people with an aim to hire millions more! | $28M | Venture - Series Unknown | Feb 02, 2016 | http://www.teamlease.com |

4 of 4 investments shown.

## Co-investors
- [DSP Blackrock](https://shizune.co/investors/profile/dsp-blackrock) — VC Fund, 3 deals together
- [Reliance Capital](https://shizune.co/investors/profile/reliance-capital) — VC Fund, 2 deals together
- [SBI Mutual Fund](https://shizune.co/investors/profile/sbimutualfund) — VC Fund, 2 deals together
- Sundaram Mutual Fund — VC Fund, 2 deals together
- [UTI Mutual Fund](https://shizune.co/investors/profile/uti-mutual-fund) — VC Fund, 2 deals together
- [Axis Mutual Fund](https://shizune.co/investors/profile/axis-mutual-fund) — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [Bossa Invest](https://shizune.co/investors/profile/bossanova-investimentos) — VC Fund
- [Almi Invest](https://shizune.co/investors/profile/almi-invest) — VC Fund
- [Business Growth Fund](https://shizune.co/investors/profile/business-growth-fund) — VC Fund

## FAQ

### What does L&T Mutual Fund invest in?

L&T Mutual Fund invests primarily in Chemical, Consulting and Recruiting startups, most often at Venture - Series Unknown and Private Equity stage. Most of the 4 investments tracked by Shizune back companies in India. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did L&T Mutual Fund last invest?

The most recent investment recorded for L&T Mutual Fund closed in Apr 2019. Shizune tracks 4 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### 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 Sep 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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