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. 
Business News

JPMorgan Is Reportedly Laying Off Around 1,000 Workers

JPMorgan is also planning job cuts in mid-March, May, June, August, and September, according to new reports.

Growing a Business

The 10 Best Podcasts Every Entrepreneur Should Listen to for Growth, Strategy and Success

Unlock your potential with the 10 must-listen podcasts for entrepreneurs, offering expert insights on growth, strategy and success.

Growing a Business

How to Break Free From Your Comfort Zone and Start Fueling The Growth of Your Company

Have you ever found yourself stuck in a pattern, circling the same solutions without finding your way forward? Here's how to break free from our self-imposed limitations.

Business News

Elon Musk's xAI Is Reportedly Set to Hire Thousands of 'AI Tutors' With Pay Up to $65 an Hour

Employees told Business Insider the company is expanding hiring soon.

Side Hustle

This 31-Year-Old Spends 2 Hours Per Week On His $3,000-a-Month Passive Income Side Hustle: 'Trust Your Vision'

Hansel Moore's home office "wasn't cutting it" — so he found another place to be creative.

Business News

Google's CEO Praised AI Rival DeepSeek This Week for Its 'Very Good Work.' Here's Why.

Google CEO Sundar Pichai spoke at the World Governments Summit in Dubai on Wednesday.