Mid-market focused private equity firm TVS Capital is roping in industry veterans to its fold. The latest to join the Chennai-based private equity fund is former Hindustan Unilever (HUL) Vice Chairman D Sundaram. He is joining TVS Capital as its Vice Chairman and MD, effective July 10, 2009. TVS Capital is opening up an office in Mumbai, from where Sundaram will operate along with senior investment team. In April, TVS Capital had appointed Murli Ramachandran, former Managing Director of Sanmar Speciality Chemicals Ltd., as an Executive Director.

Sundaram was a 34-year veteran with HUL handling the finance and M&A functions at the FMCG company. Ramachandran has 24 years of operational experience with, besides Sanmar, RPG Group, Eicher, Colgate-Palmolive and Johnson & Johnson. 

TVS Capital manages a Rs 600 crore mid-cap growth equity fund. The fund was founded by Gopal Srinivasan, part of TVS family, who has over 25 years of entrepreneurial and operational experience. Chennai-based Shriram Group is also a partner in the first fund - TVS Shriram Growth Fund - which is India's largest rupee denominated fund. The firm has so far made two investments - 9.9 Mediaworx Ltd and TVS Logistics Ltd.

"Sundaram will increase our deal originationevaluation capability and will help create value in investee companies with his blend of vast business acumen and depth of financial knowledge besides his network of relationships," said TVS Capital funds founder and Chairman, Gopal Srinivasan.

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