Wealth Company Asset Management Invests Rs 460 Crore in Amnex InfoTechnologies

Wealth Company Asset Management announced a Rs 460 crore investment in Amnex InfoTechnologies to enhance AI and smart infrastructure. Founded in 2008, Amnex offers comprehensive tech solutions including IoT and AI to various sectors. This is part of a strategic investment move by Bharat Value Fund.

Wealth Company Asset Management announced on Monday a strategic investment of Rs 460 crore in Ahmedabad-based Amnex InfoTechnologies via its Bharat Value Fund.

This significant capital infusion signifies the closing of Amnex's inaugural growth funding round. Amnex, founded by technocrats Aditya Shah and Tapan Gosaliya, specializes in comprehensive technology solutions tailored to large-scale clients, integrating cutting-edge tools like IoT and AI.

The investment aligns with Bharat Value Fund's active participation in India's economic expansion, with recent portfolio additions such as Haldiram Bhujiawala Ltd and Prisma Global Ltd further confirming its growth-oriented strategy.

(With inputs from agencies.)