ICICI Venture, established in 1988, is a wholly owned subsidiary of ICICI Bank Limited. Originally formed as the Technology Development and Information Company of India Limited, it became a fully owned subsidiary in 1998 and was renamed ICICI Venture Funds Management Company Limited. The firm has evolved from early-stage venture capital investments to focus on late-stage private equity and third-party fund management. As a leading asset management firm, ICICI Venture specializes in alternative investments, managing funds across private equity, real estate, and special situations. It provides growth capital and buyout funds for mid-to-late-stage companies, structured equity and debt solutions for real estate projects, and focuses on distressed assets and turnaround opportunities. The company serves institutional investors, high-net-worth individuals, and corporate entities, aiming for long-term value creation across various sectors, including healthcare, technology, and consumer goods.