True North (formerly known as India Value Fund Advisors – IVFA) is a 20 years old Private Equity fund in India with a focus on investing in and transforming mid-sized profitable businesses into world-class industry leaders that is built upon the foundation of strong values.

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. This capital has been contributed by over 35 high quality international institutions with a combined investible capital base of over US$ 3 trillion.

True North has successfully transformed many of these companies into large businesses that are valuable, enduring, and socially responsible, creating immense value for all stakeholders.

True North team consists of a balanced mix of investment and business professionals, with deep investing and operating experience.

True North truly values its relationships with investors, entrepreneurs and management teams. It is conscious of its fiduciary duty towards its investors while partnering with entrepreneurs to realize their visions, and with management teams to maximize their career potential.

Vishal Nevatia,

Managing Partner, True North


investment vehicles




plus Indian businesses


billion US$ corpus


plus high quality international institutional investors