Status of Investment


PVCL has since approved and disbursed investment from the Fund - PIVF to the extent of Rs.7.60 Mn towards equity/ debt to M/s. SM Lawdigest.Com Limited, Jalandhar for start-up of a 'Law Portal'; Rs. 8.5 Mn as equity/debt to M/s. American Heartcare Limited (erstwhile American Heartcare Private Limited) for setting-up a "Trans-telephonic computerised cardiac monitoring & healthcare related software development centre with manufacturing facilities for supportive hardware equipment (cardio station & monitors)" at Mohali; Rs.8 Mn towards OCCPs to M/s. Smart Data Enterprises (India) Limited for establishing its' 'Software Development Centre' at Mohali, Rs. 7.5 Mn to acquire OCCPs of M/s S.E.-Biz Infotech limited for it's 'Software & Product Development Centre' and Rs 3 Mn to M/s Twenty First Century Battery Limited for its project facilities located at Mohali. Thus, PVCL has till date released Rs. 34.61 Mn as equity/equity related instruments and debt to five companies against Rs.62.70 Mn sanctioned to them to meet requirements of funds towards first & second phases of their respective projects.

Besides, investment to the extent of Rs.50 Mn have been approved to four companies for their projects.
Details of these projects is given hereunder :-

a) PVCL-PROPOSALS ALREADY APPROVED/DISBURSEMENT MADE THEREOF
 
S.
No.
Name of the Company
Project Description
Estimated Capital  Cost in Rs. Mn
Investment sanctioned from the Fund in Rs.Mn
Remarks

1
 SM
Lawdigest.Com Limited
 Law Portal 8.60 (21.30 revised) 7.60 Fully disbursed
2
 American Heartcare Limited Trans telephonic cardio monitoring & software development centre with manufacturing facilities for supportive hardware equipments 25.80 8.5 Fully disbursed
3
 Smart Data Enterprises (India) Limited Software Development Centre 39.40 15 Mn (Rs 8 Mn towards 1st phase & Rs.7 Mn-llnd phase)

> Disbursed Rs.8 Mn towards first phase
> Has since made exit
4
 S.E.-Biz Infotech Limited Software & Product Development Center 38.50 12 > Partially Disbursed
> Under Exit
5
 Twenty First Century Battery Limited Plastic Lithium-lon Polymer Rechargeble Batteries 347.50 20.00 Partially Disbursed
    Total

459.80 (472.50) 63.10  

b) PVCL-PROPOSALS APPROVED/UNDER DETAILED DUE DILIGENCE
S.
No.
Name of the Company
Project Description
Estimated Capital Cost in Rs.Mn
Investment approved from the Fund in Rs.Mn
Remarks

1
 Connect Broadband Services Limited Value added telecom services- voice, data & video 363.50 20.00 Term sheet issued/ accepted
2
 KMG Infotech Private Limted Off-shore development/ high end insurance related BPO/ training in insurance related segment 61.80 20.00 Term sheet issued/ accepted
3
 Netcradle India Private Limited Innovative based content/ software development/ produnctization 36.45 10.00 Term sheet issued
      461.75 50.00