True North (formerly known as India Value Fund Advisors), a premier private equity fund, managing a corpus of over US $ 2 billion owns majority stake in the Company, with a view to creating one of the finest passenger transportation businesses in the country.
Deep knowledge and understanding of Indian markets has led True North to successfully launch five independent investment funds, with a combined corpus of ~US$ 2 billion. These funds have been raised from over 35 high quality international institutions with a combined investable capital base of over US$ 1 trillion. Currently, True North is investing out of Fund V, which has a corpus of US$ 700 million.
Over the last two decades, True North has invested ~US$ 1.5 billion across 30+ businesses in transport, retailing, healthcare, media and entertainment, specialized engineering and financial services sectors. It has successfully transformed many of these companies into large businesses that are valuable, enduring, and socially responsible, creating immense value for all stakeholders.
For more information on True North, please visit www.truenorthco.in