# Union Bank of India

> Union Bank of India is a VC fund backing Financial Services and Energy. See 14 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Mumbai, India
- Total investments: 14
- Last investment: Dec 2025
- Lead investor: 36%
- Last updated: Aug 2026
- Website: http://www.unionbankofindia.co.in

Union Bank of India is a financial institution offering consumer and business banking services.

## Contacts

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

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Financial Services | 4 | 29% |
| Energy | 3 | 21% |
| Finance | 3 | 21% |
| E-Commerce | 2 | 14% |
| Food Processing | 2 | 14% |

25 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Debt Financing | 9 | 64% |
| Post-IPO Debt | 3 | 21% |
| Funding Round | 1 | 7% |
| Corporate Round | 1 | 7% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| India | 10 | 71% |
| United States | 2 | 14% |
| United Kingdom | 1 | 7% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Daykin Creado | External Expert - Digital Advisory Council | 0 | — |
| Rajkiran Rai G. | CEO | 0 | — |
| Seth Sitaram Poddar | Founder | 0 | — |
| Shashwat Singh | Assistant Manager Marketing | 0 | https://shizune.co/investors/profile/shashwat-singh |
| Vinod A K | Chief Compliance Officer | 0 | — |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Kashiv BioSciences | ​Kashiv BioSciences is a fully integrated biopharmaceutical company engaged in the development and manufacturing of complex pharmaceuticals, including biosimilars, applications, and complex generics. The company's infrastructure encompasses research and development facilities in Piscataway, New Jersey; Chicago, Illinois; and Ahmedabad, India,supporting capabilities such as mammalian and microbial cell line development, advanced analytical characterization, and commercial-scale manufacturing. Kashiv's product pipeline includes biosimilar candidates like KSHB002, an abatacept biosimilar that met primary endpoints in a Phase I trial. | $72.3M | Debt Financing | Dec 22, 2025 |  |
| 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 |  |
| Nurture Well Foods | Nurture Well Foods produces and supplies biscuits, cookies, and nutritious products. | $2.8M | Debt Financing | Oct 24, 2025 |  |
| Oyster Renewable Energy | Oyster Renewable Energy engages in the renewable energy revolution as an Independent Power Producer (IPP). | $207.9M | Debt Financing | Sep 29, 2025 |  |
| Avaada | Business and sustainability can go hand-in-hand. Their unique strategy interweaves business goals with environmental sustainability and social responsibility, producing mutually beneficial results. By contributing to community’s socio-economic development in the short-term, they foresee delivery of continual value to their shareholders. Throughtheir community engagement initiatives, they are contributing to uplift the lifestyle of communities they work with. | $983M | Debt Financing | Jan 22, 2025 |  |
| Muthoot Microfin | Muthoot Microfin Limited is the microfinance arm of Muthoot Pappachan group (MPG). Established in 1887, the Muthoot Pappachan Group (MPG) is a diversified conglomerate with an overwhelming presence in multiple verticals.Muthoot Microfin is dedicated to serve the bottom of pyramid section of society by providing customised financial services to theneedy, underserved and those who have limited access to regular financial institutions and banks. | $75M | Post-IPO Debt | Mar 28, 2024 |  |
| 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 |  |
| Vedanta Resources plc | Vedanta Resources plc is a global diversified metals and mining company with its headquarters in London, United Kingdom. | $952.7M | Post-IPO Debt | Jan 28, 2022 |  |
| Vedanta | Built on core values of entrepreneurship, growth, excellence, trust and sustainability, Sesa Sterlite is a global diversified natural resources company. | $1.1B | Post-IPO Debt | Jan 28, 2022 |  |

10 of 14 investments shown.

## Co-investors
- [ICICI Bank](https://shizune.co/investors/profile/icici-bank) — VC Fund, 4 deals together
- [State Bank of India](https://shizune.co/investors/profile/state-bank-of-india) — VC Fund, 4 deals together
- [Axis Bank](https://shizune.co/investors/profile/axis-bank) — VC Fund, 3 deals together
- Indian Bank — VC Fund, 3 deals together
- Punjab National Bank — VC Fund, 3 deals together
- [Canara Bank](https://shizune.co/investors/profile/canara-ban) — VC Fund, 2 deals together

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- [The FSE Group](https://shizune.co/investors/profile/finance-south-east) — VC Fund

## FAQ

### What does Union Bank of India invest in?

Union Bank of India invests primarily in Financial Services, Energy and Finance startups, most often at Debt Financing and Post-IPO Debt stage. Most of the 14 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 Union Bank of India?

Public channels for Union 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 Union Bank of India?

The team at Union Bank of India includes Daykin Creado (External Expert - Digital Advisory Council), Rajkiran Rai G. (CEO) and Seth Sitaram Poddar (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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