Prem Prabhakar Appointed MD and CEO of SBICAP Ventures Limited

SBICAP Ventures Limited (SVL) has named Prem Prabhakar as its new Managing Director and Chief Executive Officer, effective from June 4, 2024. With over 24 years of extensive banking experience, Prabhakar joins SVL from State Bank of India (SBI), where he held various senior roles including General Manager and Chief Dealer. His expertise in treasury operations and strategic leadership will guide SVL in achieving its growth objectives and enhancing investor relations.

Prem Prabhakar’s Background and Expertise

Prior to his appointment as MD and CEO of SVL, Prem Prabhakar served as General Manager at State Bank of India, overseeing retail business operations and leading treasury functions at SBI Global Markets and SBI New York. He brings a wealth of experience in forex, money markets, derivatives, and risk management, complemented by his tenure as Director on the board of the Regional Rural Bank, Jharkhand Rajya Gramin Bank.

SVL’s Commitment and Latest Developments

SVL, a part of the SBI Group, manages approximately INR 32,500 Cr (USD 3.9 bn) in assets and specializes in alternative asset management. The firm recently launched the TDC Fund in April 2024, expanding its portfolio which includes the Neev Fund, Neev II (SVL-SME Fund), SWAMIH Fund, and Fund of Funds (SRI Fund, UKIDCF, and TDC Fund). SVL remains dedicated to creating long-term value for investors and supporting communities through strategic investments and operational excellence.

Piyush Shukla

Recent Posts

Which Country is Known as the Land of Tulips?

There is a country in Europe that is world-famous for its beautiful and colorful flowers.…

10 hours ago

Which District of Uttar Pradesh is Known as the Suhag Nagari?

Uttar Pradesh is a state known for its rich culture, traditions and unique cities. Many…

12 hours ago

Veteran BJP Leader and Former Union Minister Dr. Debendra Pradhan Passes Away at 84

Veteran BJP leader and former Union Minister Dr. Debendra Pradhan passed away on Monday in…

12 hours ago

Which City of United States is Known as the Magic City?

There is a city in the United States that is known for its fast growth,…

13 hours ago

Delhi to Sign MoU with Centre for PM-ABHIM Implementation on March 18, 2025

In a significant step towards strengthening healthcare infrastructure, the Delhi government will sign a Memorandum…

13 hours ago

BEL Signs ₹2,906 Crore Deal with MoD for Indigenous LLTR (Ashwini) Radar

In a significant step toward strengthening India's air defence capabilities, Bharat Electronics Limited (BEL) has…

14 hours ago