Osian’s-Connoisseurs of Art Private Limited was a fund started in Mumbai in 2007 by Neville Tuli. It was closed down in 2010 upon orders from the Securities and Exchange Board of India, SEBI when it was not able to pay back its investors.
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Founding
Osian's art fund was India's first arts based fund. It was established in 2007 in Mumbai by Neville Tuli, an Indian who had reportedly spent eight years gambling in the UK and had returned to India in the early 2000s.
Modus Operandi
The fund invested funds in art, including paintings, and had a functioning art auction house.
Closure
In 2010,
References
Osian art fund Wikipedia(Text) CC BY-SA