Eligibility conditions for Applying SEED loan

  • Incubatee should be a registered company with minimum of three months residency at Vel Tech TBI
  • Incubatee has to be an Indian start-up. This support is not meant for Indian Subsidiaries of MNCs/foreign companies. Persons holding Overseas Citizens of India (OCI), Persons of Indian Origin (PIO) would be considered as Indian citizens for the purpose of this scheme.
  • The share holding by Indian promoters in the incubate start up should be atleast 51%.
S.NoName of the CompanySanctioned AmountLoan sanctioned dateRepayment Starting date & MonthContact Person name, mobile & Mail
1M/s. Watsinit mobile Technologies Pvt Lt4 LakhsAugust, 2016February, 2018Mr. Gandhi karuna
Watsinit Technologies Pvt Ltd,
5/2, Nanthavana Kenathu Street, Kayathar, Tuticorin District, Tamil Nadi-628952
E-Mail : gandhikaruna@watsinit.com
care@watsinit.com
2M/s. Grego Recycling P Ltd15 LakhsSeptember, 2017April, 2019Mr. Niranjan Sharma
Director
GREGO RECYCLING PVT LTD.
174/60 V.M St. Royapettah
Chennai, Tamil Nadu 600 014.
Mail: Niru@Grego.in
3M/s.Mpover India Tyre e-Service and AMC Pvt. Ltd 10 LakhsJanuary, 2018August, 2019Mr. Venkat.V
CEO, Mpover India Tyre – eService & AMC Pvt Ltd
 Email: ceo.mpover@gmail.com
4M/s. CCC Digital India Private Limited 10 LakhsJanuary, 2018Pre ClosedMr. Mr.Srinagaveer Vundavalli
M/s.CCC Digital India Private Limited
Registered at No. D. No. 21-129/1, First Floor, RP Road, Sajjapuram East-III, Tanuku, West Godavari, Andhra Pradesh, India, pin code: 534211
5M/S. CAPCP Benchmarking Services Private Limited  50 LakhsJanuary, 2018August, 2019Mr.Ganapathy Dhakshinamoorthy
CAPCP Benchmarking Services Private Limited
Registered office at No SP 152B, IV Lane, 1st Main road, Ambattur Industrial
Estate, Chennai-600053
Mob: 9791640011
6M/s.GETEGY E-commerce Private Limited2 LakhsJanuary, 2018August, 2019Mr. Anup Kumar
M/s. GETEGY ECOMMERCE PRIVATE Limited
Address: No-108, shree Ganesh Nagar, Military Road, Vellanoor Chennai-600062.
Mob: 8428137774
7M/s. Admatic Solutions
(Partnership firm)
30 LakhsApril, 2018October, 2019Mr. Saravanan Sundaramoorthy
M/s. ADMATIC SOLUTIONS
#Flat No.1C, Elegant Apartment, 4th Main Road, Vijaya Nagar, Velachery,
Chennai-600042.
8M/s. Green Era Recylers
(Partnership firm)
25 LakhsApril, 2018October, 2019Mr. Prasanth Omanakuttan
M/s. Green Era Recylers
19A, Vinayagar kovil street, venkittapuram,Coimbatore-641013
9M/s. OO7 Trade International Pvt Ltd20 LakhsMarch, 2019September, 2019Mr. Thomas Kingston
M/s. OO7 Trade International Pvt Ltd
Plot.no; 12, First floor, Anna salai, Teynampet
10M/s. FXMKT Technologies Pvt Ltd25 LakhsApril, 2019October, 2019Mr. Thyigarajan
M/s. FXMKT Technologies Pvt Ltd
Flat No. II B, VGN Nest Apartment, VGN Mahalaxmi Nagar,Velappanchavadi, Chennai – 600077

S.NO.

Expert / Committee Name

Designation in TBI

Qualification

Date of Joining TBI

1

Dr. R. Rangarajan

Chairman

 B.E(Electrical), B.E(Mechanical), MS (Auto)

 2015

2

Shri. H K Mittal

DST Representative

 Ph.D

2015

3

Dr. T. Prasad

Member / External Expert

Ph.D

2015

4

Mr. M. Parvez Alam

Industry Expert

B.E

2015

5

Mr. Balaraju K

Individual Entrepreneur

B.Tech

2015

6

Bank Manager

Expert from Financial sector

 MBA

2015

7

Dr. P. Sarasu

Secretary / Head TBI

Ph.D

2015

8

Dr. E. Kannan

Member / HI

Representative

Ph.D

2015

9

Mr. Rajaram Venkataraman

Member /CEO – NIDHI CoE

 MBA

2017

10

Dr. P. Chandrakumar

Member / Manager – Vel Tech TBI

 Ph.D

2015

Constitution of the Seed Support Management Committee (SSMC)

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