The Wealth Company Asset Management, part of the Pantomath Group, on Monday said it has invested Rs 460 crore (about $52 million) in Ahmedabad-based Amnex InfoTechnologies.
The investment made through the Bharat Value Fund (BVF) marks Amnex’s first growth capital funding round.
Founded in 2008 by technocrats Aditya Shah and Tapan Gosaliya, Amnex offers technology solutions—from design and development to integration—using hardware, software, data analytics, and Industry 4.0 tools (IoT, GIS, AI/ML, and Blockchain) for large-scale clients.
The company has built more than 18 proprietary technology platforms to serve multiple industries, including traffic, mobility, utilities, mining, logistics, smart cities, and agriculture.
Founded by Madhu Lunawat, also the co-founder of Pantomath Group, the Wealth Company also manages multiple category II AIFs schemes named India Inflection Opportunity Fund and multiple series of Bharat Value Fund, including a real estate fund known as Bharat Bhoomi Fund.
In June, the firm launched Bharat Bhoomi Fund, a Rs 1,000-crore vehicle that marks the firm’s entry into India’s real estate segment under its flagship BVF platform.
Over the last six months, the fund has completed half-a-dozen investments. A few of its recent portfolio additions include Haldiram Bhujiawala and Prisma Global, among others.
“As technology adoption accelerates across every sector, powerful economic tailwinds are taking shape, fuelled by platform-led transformations, intelligence-driven service delivery and universal last-mile access,” Lunawat said in a statement.
