Empowering SC-led Innovation: How VCF-SC Enabled Thrishanku Technologies to Strengthen India's Defence Electronics Ecosystem
Issued by Ministry of Social Justice and Empowerment
Read or download the official PDF of this gazette notification issued by the Ministry of Social Justice and Empowerment on 2nd August 2026. Classified under Press Release.
Executive Summary & Key Takeaways
Executive Summary This report highlights the successful intervention of the Venture Capital Fund for Scheduled Castes (VCF-SC) in supporting Thrishanku Technologies Private Limited. In 2022, the Ministry of Social Justice and Empowerment provided ₹4.47 crore in financial assistance to the Bengaluru-based startup to bolster India's defense electronics ecosystem. This support has enabled the company to establish world-class manufacturing facilities, generate high-tech employment, and contribute to the "Make in India" and "Atmanirbhar Bharat" initiatives.
Key Points / Main Content
VCF-SC Financial Intervention
- In 2022, the Venture Capital Fund for Scheduled Castes extended ₹4.47 crore to Thrishanku Technologies.
- The funding was structured as venture capital assistance comprising equity and optionally convertible debentures.
- The intervention targeted the empowerment of Scheduled Caste (SC) entrepreneurs in high-technology sectors.
Company Profile and Operations
- Founded by Mr. Suneel Kumar Sirigiri, Thrishanku Technologies is a Bengaluru-based electronics design and manufacturing firm.
- The company operates a state-of-the-art facility at the KIADB Hi-Tech Defence & Aerospace Park.
- Specializations include the production of printed circuit boards (PCBs), radar systems, and EDGE AI devices.
- Reputed clients include DRDO laboratories, BEL, L&T, ECIL, Astra Microwave Products Ltd., Capgemini, Wipro, and Cypress.
Economic and Social Outcomes
- Asset Creation: The company has created assets worth ₹7 crore and achieved a net worth of ₹3.92 crore.
- Financial Performance: Recorded a revenue of ₹2.85 crore with a profit of approximately ₹4 lakh.
- Employment Generation: Created direct jobs for 30 professionals, specifically including 8 Scheduled Caste and 22 non-Scheduled Caste employees.
- Technological Advancement: Procurement of advanced machinery, software tools, and testing instruments has strengthened indigenous radar and AI development capabilities.
Impact Analysis
Thrishanku Technologies and SC Entrepreneurs
- Impact: Received essential concessional finance to transform a technology-driven vision into a competitive manufacturing enterprise.
- Action Required: Maintain the operational standards of the manufacturing facility and continue fostering SC-led innovation in advanced technology.
Scheduled Caste (SC) Professionals
- Impact: Beneficial access to skilled employment opportunities within the advanced electronics and defense sectors.
- Action Required: Engage with technology-driven enterprises supported by government-led venture funds to enhance technical expertise.
Ministry of Social Justice & Empowerment
- Impact: Successfully demonstrated the efficacy of targeted financial support in fostering inclusive entrepreneurship.
- Action Required: Continue identifying and funding strategic projects that contribute to indigenous manufacturing and social empowerment.
Indian Defence and Aerospace Sectors
- Impact: Benefit from a strengthened domestic supply chain for critical electronics like PCBs and radar systems.
- Action Required: Integrate indigenous manufacturers like Thrishanku Technologies into the broader defense and industrial ecosystem to support national self-reliance.
Key Entities Referenced
Venture Capital Fund for Scheduled Castes (VCF-SC): A financial initiative under the Ministry of Social Justice and Empowerment that provides concessional finance to Scheduled Caste entrepreneurs to foster innovation and economic empowerment.
Ministry of Social Justice and Empowerment: The primary government department responsible for overseeing the VCF-SC and promoting inclusive entrepreneurship in advanced technology sectors.
Thrishanku Technologies Private Limited: A Bengaluru-based electronics manufacturing company that received venture capital assistance to establish a facility for radar systems and EDGE AI devices.
Suneel Kumar Sirigiri: The founder and director of Thrishanku Technologies Private Limited, cited as a primary example of an entrepreneur benefiting from SC-led innovation support.
Make in India and Atmanirbhar Bharat: National policy initiatives focused on self-reliance and indigenous manufacturing that define the strategic goal of the financial support provided to the defense electronics sector.
Official Gazette PDF Record
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See Full Document Text & PDF Transcript
Ministry of Social Justice & Empowerment
Empowering SC-led Innovation: How VCF-SC
Enabled Thrishanku Technologies to Strengthen
India's Defence Electronics Ecosystem
प्रव तथ: 02 AUG 2026 4:38PM by PIB Delhi
Innovation, entrepreneurship and timely institutional support have enabled many aspiring entrepreneurs to
establish enterprises that contribute to India's technological advancement and self-reliance. One such
inspiring example is Thrishanku Technologies Private Limited, a Bengaluru-based company founded
by Mr. Suneel Kumar Sirigiri. The company's journey demonstrates the transformative impact of the
Venture Capital Fund for Scheduled Castes (VCF-SC) under the Ministry of Social Justice and
Empowerment.
Thrishanku Technologies Private Limited has established a state-of-the-art electronics design and
manufacturing facility dedicated to the production of printed circuit boards (PCBs), radar systems and
EDGE AI devices. The company provides advanced electronic manufacturing services to reputed
organisations, including L&T, BEL, DRDO laboratories, ECIL, Astra Microwave Products Ltd.,
Capgemini, Wipro and Cypress. Recognising the project's strategic importance, the Venture Capital Fund
for Scheduled Castes extended financial assistance of ₹4.47 crore in 2022 through venture capital
assistance comprising equity and optionally convertible debentures.
Suneel Kumar Sirigiri
Electronics Design, Radar Systems & EDGE AI Manufacturing Facility
The financial assistance enabled the company to establish a world-class electronics manufacturing facility
at the KIADB Hi-Tech Defence & Aerospace Park. The support facilitated the procurement of advanced
machinery, testing instruments and software tools, strengthened the company's capabilities in radar
systems and EDGE AI product development, and generated skilled employment opportunities in the
technology sector.
The impact of the intervention has been significant. Today, the enterprise has generated direct employment
for 30 professionals, including 8 Scheduled Caste employees and 22 non-Scheduled Caste employees.
It has created assets worth ₹7 crore, achieved a net worth of ₹3.92 crore, generated revenue of ₹2.85
crore, and recorded a profit of approximately ₹4 lakh. The company has also established strong
business linkages with India's defence, aerospace and industrial sectors, contributing to the vision of
Make in India and Atmanirbhar Bharat.Electronics Design, Radar Systems &
Mr. Suneel Kumar Sirigiri, Director
Reflecting on the journey, Mr. Suneel Kumar Sirigiri said:
"The concessional finance received under the Venture Capital Fund for Scheduled Castes (VCF-SC)
enabled us to transform a technology-driven vision into a world-class electronics manufacturing
enterprise. Today, Thrishanku Technologies is contributing to India's defence and aerospace ecosystem
under the 'Make in India' initiative while creating skilled employment opportunities and demonstrating the
potential of SC-led innovation in advanced technology sectors."
Electronics Design, Radar Systems & EDGE AI Manufacturing Facility
The success of Thrishanku Technologies Private Limited demonstrates how targeted financial support
under the Venture Capital Fund for Scheduled Castes is empowering Scheduled Caste entrepreneurs to
establish globally competitive enterprises in advanced technology sectors. By promoting innovation,
strengthening indigenous manufacturing capabilities and generating quality employment, the Ministry of
Social Justice and Empowerment continues to foster inclusive entrepreneurship and contribute towards
building an Atmanirbhar Bharat driven by technology, innovation and social empowerment.
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SS-06-TAR-KV-GA
(रलीज़ आईडी: 2293440) आगंतुक पटल : 916
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