India, Dec. 12 -- TVS Capital Funds (TCF), set up in 2007 by Gopal Srinivasan, has carried forward the entrepreneurial legacy of the iconic TVS Group for nearly two decades. A third-generation entrepreneur from that prominent business family and chairman of TVS Electronics, Gopal, too, had a unique but clear vision when he explored the PE space. Backed by TVS and Shriram Groups, he went on to launch India's largest rupee-only capital fund to "empower next-generation entrepreneurs building multi-decadal businesses".

As Gopal mentioned in an earlier interview with Inc42, one found little regulatory control when TCF entered private investments. But despite the risks of turmoil in an under-regulated market at the time, institutional and indi...