True North investment portfolio | PitchBook
True North, a Mumbai-based private equity firm founded in 1999 and formerly known as India Value Fund, actively invests across sectors including consumer products, technology, healthcare, and infrastructure, managing 122 total investments with 19 current portfolio companies and 74 exits, with recent investments in companies like Embio (specialty chemicals) and Motifworks (IT consulting), and recent exits including Biocon Biologics and Shree Digvijay Cement.
Overview
- Investor Type: Private Equity (PE)/Buyout
- Status: Active
- Number of Professionals: 25
- Total Investments: 122
- Current Portfolio Companies: 19
- Total Exits: 74
General Information
Company Description:
Founded in 1999, True North is a private equity firm based in Mumbai, India. The firm seeks to invest in consumer products & services, technology products & services, financial services, healthcare and pharmaceutical, infrastructure services, and information technology sectors.
Business Details:
- Website: www.truenorth.co.in
- Formerly Known As: India Value Fund
- Year Founded: 1999
- Investor Status: Actively Seeking New Investments
- Trade Association: Emerging Markets Private Equity Association (EMPEA)
- Primary Investor Type: PE/Buyout
- Corporate Office:
- Suite F9C
- Grand Hyatt Plaza Santacruz (East)
- Mumbai, Maharashtra 400055
- India
Investments
True North’s most recent investment was with Embio on 27-May-2026 in the Specialty Chemicals industry. Other recent investments include Motifworks (IT Consulting and Outsourcing), ACN Healthcare (Other Healthcare Services), Hulio (Buildings and Property), and Samtel Avionics (Aerospace and Defense).
Recent Investments (Sample)
- Embio (27-May-2026) — Specialty Chemicals
- Motifworks (01-May-2026) — IT Consulting and Outsourcing
- ACN Healthcare (17-Feb-2026) — Other Healthcare Services
- Hulio (23-Dec-2025) — Buildings and Property
- Samtel Avionics (17-Dec-2025) — Aerospace and Defense
Exits
True North has made a total of 74 exits. Its latest exit was from Biocon Biologics on 21-Jan-2026. Other recent exits include Shree Digvijay Cement, Infinity Fincorp Solutions, Anthem Biosciences, and Home First Finance.
Recent Exits (Sample)
- Biocon Biologics (21-Jan-2026)
- Shree Digvijay Cement (18-Dec-2025)
- Infinity Fincorp Solutions (01-Oct-2025)
- Anthem Biosciences (21-Jul-2025)
- Home First Finance (03-Dec-2024) — Secondary Transaction - Private
Affiliates
Subsidiaries
- Infinity Fincorp Solutions
- Location: Mumbai, India
- Year Founded: 2016
FAQs
What is True North?
Founded in 1999, True North is a private equity firm based in Mumbai, India.
When was True North founded?
True North was founded in 1999.
Where is True North headquartered?
True North is headquartered in Mumbai, India.
What is True North's total asset value?
True North has around [data not provided] in total assets under management.
How many investments has True North made?
True North has made 122 investments.
What has True North invested in?
True North has made numerous investments in companies like Embio, Motifworks, and ACN Healthcare within the Specialty Chemicals, IT Consulting and Outsourcing, and Healthcare Services industries.
What has True North invested in recently?
True North's latest investment was on 27-May-2026 in Embio, a company within the Specialty Chemicals industry.