Source: Entrackr
New Delhi, August 18, 2025 – Wealth Company Asset Management, the investment arm of Pantomath Group, has invested ₹460 crore (roughly $52 million) in Amnex Infotechnologies, an Ahmedabad-based technology solutions provider. The investment was made through the Bharat Value Fund (BVF), and it is the first growth capital round for Amnex.
As stated by the firm, the new funding will be used for scaling its technology platforms in various industries and to enhance its position towards building connected, inclusive, and resilient infrastructure.
About the Company
Amnex Infotechnologies is a company founded in 2008 by Aditya Shah and Tapan Gosaliya that provides cutting-edge solutions using artificial intelligence, Internet of Things, Geographic Information Systems, and blockchain. The company’s technology has been utilized in multiple mission-critical applications, such as traffic and mobility, utilities, mining, logistics, agriculture, and smart cities.
Amnex has built over 18 proprietary platforms and integrated an open digital infrastructure with Amnex’s innovations. These platforms achieve impact at scale for both government initiatives and private endeavors.
Development
Over the past few years, Amnex has experienced rapid growth; the company claims to have achieved a compound annual growth rate (CAGR) of 75% in the last three years. It operates a capital-light business model and routinely achieves a return on capital employed (ROCE) of 40%+.
Amnex is recognized as one of the fastest-growing digital infrastructure firms in India, with a strong order book and a wide presence in several industries.
From The Investors’ Perspective
Madhu Lunawat, the Founder and Managing Director of the Wealth Company, noted the deal, explaining that investment towards digital infrastructure in India reached ₹1.19 lakh crore in 2024. She mentioned that the government initiatives of Digital India, India Stack, and the National AI Mission are moving the sector forward at an impressive speed.
Bharat Value Fund’s Track Record
The Bharat Value Fund has been actively supporting high-potential companies in India. Recently, the Firm has invested in household names such as Haldiram Bhujiawala and Prisma Global. The Fund’s targeted companies are at the right stage of growth and are in attractive sectors with tremendous long-term potential.
Going Forward: Now that there is funding, Amnex is going to be able to extend its platforms and strengthen its position in India’s digital infrastructure ecosystem. With demand from government and private sector driving a compelling need for technology-based systems, the organization is poised to build and roll out solutions that support growth that is sustainable and fits into a future-ready landscape.
