Mumbai: In a major funding development, The Wealth Company Asset Management, a Pantomath Group company, has invested ₹460 crore (USD 52 million) through its Bharat Value Fund (BVF) into Amnex InfoTechnologies Pvt. Ltd.
The investment marks the successful closure of Amnex’s first growth capital funding round.
Amnex InfoTechnologies Secures First Growth Capital Round
Founded in 2008 by technocrats Aditya Shah and Tapan Gosaliya, Amnex InfoTechnologies has built a reputation as one of India’s fastest-growing digital infrastructure technology providers.
Also Read: The Wealth Company Launches INR 2000 Crore Bharat Bhoomi Fund
The company develops complete technology solutions that integrate hardware, software, data analytics, and Industry 4.0 tools such as IoT, GIS, AI/ML, and blockchain.
Amnex has developed more than 18 proprietary platforms, catering to industries such as traffic management, mobility, utilities, mining, logistics, smart cities, and agriculture.
Its platforms blend DPI-aligned open systems with proprietary solutions designed to enhance transparency, accessibility, and operational efficiency.
Strong Growth and Market Position
Over the past three years, Amnex InfoTechnologies has achieved an impressive 75% CAGR while maintaining ROCE above 40%.
The company operates on an asset-light, capital-efficient model, supported by a robust order book and deep sector penetration, positioning itself among the most rapidly expanding firms in India’s digital infrastructure domain.
Also Read: Debasish Mohanty Joins The Wealth Company as Chief Strategy Officer
Madhu Lunawat, Founder & Managing Director, The Wealth Company Asset Management Pvt. Ltd., said:
“India’s digital infrastructure investment rose to ₹1.19 lakh crore in 2024, growing at ~10% CAGR, driven by initiatives such as Digital India, India Stack, and the National AI Mission. In this transformative landscape, Amnex stands out with proven scalability, deep domain expertise, and platform-led solutions that align with India’s next phase of digital growth.”
Amnex InfoTechnologies on Future Growth
Aditya Shah, Founder & Managing Director, Amnex InfoTechnologies, said: “We are entering a new era where AI, contextual data, and connected infrastructure define human progress. Amnex aims to design systems that anticipate human needs, dissolve barriers, and create inclusive digital infrastructure. With this growth capital, we are ready to build the operating system of tomorrow’s societies — resilient, inclusive, and human-centric.”
Commitment to Digital Transformation
With its solutions spanning transportation, utilities, logistics, mining, agriculture, and smart cities, Amnex InfoTechnologies continues to strengthen its role in mission-critical domains. The company has a proven track record of delivering complex, large-scale projects that drive transparency and impact.
Meanwhile, BVF continues to back high-growth companies in India. In the past six months, it has completed half a dozen investments, including in Haldiram Bhujiawala Limited and Prisma Global Limited.
The ₹460 crore investment underscores investor confidence in Amnex InfoTechnologies as a key enabler of India’s digital infrastructure revolution.
