Get All Access for $5/mo

HDFC Capital Acquires Stake in Truboard Technologies to Boost Real Estate Innovation This strategic investment will help in accelerating technology enhancements, expanding market reach, and ensuring robust infrastructure and customer support for future growth.

By Paromita Gupta

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Vipul Thakore, Co-founder of TruBoard

HDFC Capital Advisors Limited has acquired an 8.5% stake in Truboard Technologies, a company that has developed a technology platform called TruGenie for real estate asset management.

"This strategic investment by HDFC Capital is a testament to our vision and the value we bring to our industry. We are poised to accelerate our growth, innovate at a faster pace, and make a greater impact, and we will continue to strive for excellence and innovation," said Vipul Thakore, Co-founder of TruBoard.

This strategic investment will help in accelerating technology enhancements, expanding market reach, and ensuring robust infrastructure and customer support for future growth.

Vipul Roongta, Managing Director and CEO at HDFC Capital, said, "We believe that technology solutions will play a critical role in real estate development and asset management. Our investment in TruBoard is part of the H@ART initiative, which has been set up to invest in and partner with technology companies that bring efficiencies to the real estate ecosystem."

TruGenie addresses the needs of investors, asset owners, and developers and is currently being utilised by top private banks and real estate funds.

Nilesh Shah, Managing Director of Kotak Mutual Fund, added, "TruBoard's TruGenie advanced tech-led monitoring platform is revolutionising real estate management. By leveraging AI, IoT, and big data analytics, it provides capital providers, developers, and customers with real-time insights and improved decision-making. HDFC Capital's investment will speed up TruGenie's innovation, improve asset performance, and increase market value."

HDFC Capital, the real estate private equity arm of HDFC Group, focuses on financing affordable and mid-income housing in alignment with India's 'Housing for All' initiative. Managing over USD 3 billion across four SEBI-registered Category II Alternative Investment Funds, it promotes innovation and technology adoption in the real estate sector.

Paromita Gupta

Entrepreneur Staff

Features Writer with Entrepreneur India

Covering news and trends in AI and Metaverse segments. An avid book reader running her personal blog on the side. You may reach me at paromita@entrepreneurindia.com. 
Growing a Business

How Connecting With the Right Audience Drives Long-Term Business Success

Here's how targeted lead generation can help you unlock higher conversions, stronger brand loyalty and scalable growth.

Business News

'You Own Nothing Here on Social': Meta Outage, Looming TikTok Ban Has Creators Questioning How Much of Their Business They Really Control

With repeated tech outages and a possible TikTok ban on the horizon, creators are looking for new ways to influence. Turns out, one old-school way still reigns supreme.

Leadership

I've Spent 37 Years in Business — Here's How I Beat the Odds and Stayed Ahead

For over thirty years, I have led a successful media production and communication consulting company. Only 25% of new businesses survive for 15 years or more, so I have beat the odds. But having staying power is not a matter of luck.

Side Hustle

When His Dad Died, He Took His Grief to the Mall and Shopped Sneaker Sales. Now His Hobby Is a $10 Million Side Hustle.

Vernon Simms just needed something to fill his time. Now, he's making thousands a month — and sharing his strategy with others.