Our collaborative report with the Indian School of Development Management (ISDM) is now live. See how philanthropers are shaping blended-finance in India

We Unlock Capital for People and Planet with Innovative Blended Finance Solutions

About TBFC
About TBFC

At the heart of TBFC is a simple belief: when money aligns with meaning, possibilities are endless.

We believe finance, when thoughtfully structured, can be one of the world's most powerful tools for change. Yet for too long, the potential of blended finance in India had remained underutilized. Stakeholders operated in silos. Complexity slowed down capital. Impact was fragmented.

To accelerate the pace and potential of blended finance in India, the market needed a new kind of institution one built from the ground up to design and deliver blended finance programs end-to-end, and to speak the language of every actor at the table.

That's why TBFC was born on November 1, 2023, with a founding team intentionally assembled for its diverse experience across finance, development, and policy. Together, we operate on three principles: simplify complexity, scale what works, and continually push the boundaries of what's possible through new funders, new instruments, and new sectors.

Our goal is bold but clear: to grow the blended finance market in India tenfold over the next decade and position India as a global lighthouse for innovative, impact-first finance.

Breaking Down Barriers in Blended Finance

Everyone Works in Silos

Governments, philanthropists, and investors are all trying to make a difference — but they rarely work together. Each group stays in its lane, which leads to duplication, missed opportunities, and fragmented impact.

Flowers in Chania HOW WE BRIDGE THIS GAP

We serve as a convergence point, bringing all stakeholders to the same table with a shared vision. Our comprehensive service model means we maintain ongoing relationships across the entire ecosystem, eliminating coordination costs and friction. We design structures that allow each party to achieve their primary objectives while contributing to a larger shared impact.

Speaking 
Different Languages

Each group has its own way of talking. Investors use financial jargon, nonprofits speak in outcomes, and governments focus on policy. This creates confusion and slows everything down — even when everyone wants the same result.

Flowers in Chania HOW WE BRIDGE THIS GAP

Our team's cross-functional experience allows us to fluently speak the languages of all stakeholders while understanding their unique motivations and constraints. We act as translators across sectors - turning policy into structure, structure into capital, and capital into measurable impact.

Conflicting Goals and Priorities

Each stakeholder comes to the table with different goals. Some want profit, others want social impact, and some are focused on policy change. Without a shared direction, it's hard to move forward together.

Flowers in Chania HOW WE BRIDGE THIS GAP

Our blended finance structures are built to harmonize diverse objectives. We design models that de-risk investments, reward impact, and support government mandates-all within one coordinated framework. This systematic approach to stakeholder alignment transforms potential conflicts into collaborative opportunities where everyone wins.
Guiding our Vision and Decisions for Success
Guiding our vision and decisions for success.
Our Steering Committee ensures strategic direction, governance, and impactful decision-making to drive our mission forward.

Vikram Gandhi

Founder, Asha Impact Senior Lecturer,
Harvard Business School

Prachi Windlass

Senior Director,
Dell Foundation India Co-Chair,
Impact Investors Council

Gaurav Shah

Founder & Director,

ISDM

Shantanu Ghosh

Independent Advisor Ex- CEO,
Social Finance India

Meet the Team

Meet the passionate team bridging capital and impact.

Abishek Bharadwaj

Aashir Sutar

Manager

Alankruthi Dasari

Analyst

Aparna Dua

Partner

Bianca Mascarenhas

Executive Assistant

Gyan Prakash

DIRECTOR

Monica Gandhi

CFO

Joseph Schatz

ANALYST

Jugal Bharwani

Associate

Naishi Shah

Analyst

Nakul Gupta

Senior Associate

Nirav Khambhati

PARTNER

Samyuktha Saravanan

Analyst

Sarang Madhani

Associate

Siddhanth Kasisomayajula

Analyst

Shivika Chauhan

Manager

Shraddha Talwar

Senior Associate

Shweta Arya

Director

Tushar Thakkar

Partner

Viyona Mohan

ASSOCIATE

Urja Hansraj

Analyst

Yashi Jain

Manager

Let’s Collaborate

Whether you're looking to fund change or create it, we're here to design blended finance solutions that meet your goals.

Get in touch

Let’s Collaborate.

Whether you're looking to fund change or create it, we're here to design blended finance solutions that meet your goals.

Get in touch
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