Aditya Birla Capital Advisors (ABCAP), the private equity arm of the Aditya Birla Financial Services Group, has invested Rs100 crore from Aditya Birla Private Equity - Fund I in Mumbai-based IT services and solutions provider Trimax IT Infrastructure and Services Limited.
Trimax says it will use the funds to finance its expansion plans in the backdrop of significant order flows
from domestic IT services market and to bolster its global plans.
Set up in 1995 as a systems integrator Trimax now provides full-fledged IT solutions and IT infrastructure management services. Trimax has since successfully built capabilities and solutions in the transport, government, PSU, BFSI, enterprise SME sectors, right from the stage of offering network management to executing large scale complex turnkey projects in government, PSU and private sectors and caters to over 700 small and medium enterprises in India.
Bharat Banka, chief executive officer, Aditya Birla Capital Advisors Private Limited, said, ''Trimax is uniquely placed within e-governance and with the enterprise sectors, which exhibit strong and encouraging growth prospects."
He added that the company is poised to benefit from the ramp-ups and its ongoing projects in banking and financial services, telecom and transportation, to which it provided IT solutions and services.
Trimax co founder and managing director Surya Prakash Madrecha, said that the company had aggressive expansion and diversification plans which entail investment in capital expenditure and long-term working capital.
"We have witnessed significant growth in India in various sectors and will continue to expand both our service lines as well as forays into new sectors. In parallel, we also plan to expand overseas into emerging and developing markets. We believe that an active investor like Aditya Birla Capital Advisors, with a partnership approach, will definitely help us speed up the growth momentum.''