Trimax will use the proceeds from the fund-raising to finance its expansion plans in the backdrop of significant order flow from domestic IT services market and to bolster its global plans. -- Aditya Birla Capital Advisors (ABCAP), the private equity arm of the Aditya Birla Financial Services Group (ABFSG), announced an investment of Rs. 100 Crores from Aditya Birla Private Equity - Fund I in Mumbai based Trimax IT Infrastructure and Services Limited (Trimax). Trimax is one of India's leading IT Services and Solutions company. Trimax will use the proceeds from the fund-raising to finance its expansion plans in the backdrop of significant order flow from domestic IT services market and to bolster its global plans.
Set up in 1995, under the leadership of Mr. Surya Prakash Madrecha and Mr. Chandra Prakash Madrecha, the company has grown from being a Systems Integrator to offering 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. The company has an impressive clientele including well reputed Private companies and Government agencies, and caters to more than 700 Small and Medium Enterprises (SMEs) in India.
Commenting on the occasion, Mr. Bharat Banka, Chief Executive Officer, Aditya Birla Capital Advisors Private Limited (ABCAP) said "Trimax is uniquely placed within e-governance and with the Enterprise sectors which exhibit strong and encouraging growth prospects. It is an IT Services and Solution provider to industries witnessing growth like banking and financial services, telecom and transportation, amongst others, and is poised to benefit from the ramp-ups and projects underway in these sectors. We are excited to collaborate with Trimax and play a value-added role in the growth of the company."
Speaking on the occasion, Mr. Surya Prakash Madrecha, Managing Director, Trimax, added "Trimax has drawn up 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 ABCAP, with a partnership approach, will definitely help us speed up the growth momentum. The extensive network of our investment partners, ABCAP, and their deep reach within Indian and international business zones will help us capture more business opportunities".
Source: Press release distribution via India PRwire
Notes to Editor
About Trimax IT Infrastructure and Services Limited
Trimax IT Infrastructure and Services Limited is a leading IT Solutions and IT Infrastructure Management Services company in India. The Company has 11 offices, 600+ support locations across the length and breadth of the country, strength of 1600+ employees catering to over 700 clients; with a Service Assurance to reach any client within 4 hours. Trimax has strategic partnerships with leading technology providers like CISCO, HP, Microsoft, etc.; amongst many such partnerships. The Company recently bagged the "Best PE backed company of the Year" award at the VC Circle Awards 2012.
For more details, visit company website www.trimax.in
About Aditya Birla Capital Advisors
Aditya Birla Capital Advisors Private Limited (ABCAP) offers asset management and advisory services in private Equity, to domestic and global investors. The company has adopted a unique investment style of partnering with its portfolio companies by providing strategic and operational intervention and has its focus on growth investments in mid-market companies, with India as investment destination.
For more details, visit the website www.adityabirla-pe.com
About Aditya Birla Financial Services Group (ABFSG)
The Aditya Birla Financial Services Group (ABFSG) has built a significant presence across its verticals, viz. life insurance, asset management, NBFC, private equity, broking, wealth management & distribution and general insurance advisory services
The seven companies representing Aditya Birla Financial Services Group are Birla Sun Life Insurance Company Ltd., Birla Sun Life Asset Management Company Ltd., Aditya Birla Capital Advisors Pvt. Ltd., Aditya Birla Finance Ltd., Aditya Birla Money Ltd., Aditya Birla Money Mart Ltd, and Aditya Birla Insurance Brokers Ltd. ABFSG is committed to being a leader and role model in a broad based and integrated financial services business. Its 7 lines of businesses, with about 5.5 million customers manages assets worth about Rs. 88,300 Cr approximately and prides itself for having a talent pool of about 15,000 committed employees. ABFSG has its wings spread across more than 500 cities in India through over 1700 points of presence and about 200,000 channel partners. This allows ABFSG to offer its customers virtually anything under financial services except a savings or current account. With revenue of over USD 1.4 billion (in 2010-2011) ABFSG is a significant non-bank player.
ABFSG is a part of Aditya Birla Nuvo Ltd (ABNL), a USD 4 billion conglomerate having leadership position across its manufacturing as well as services sector businesses. ABNL is a part of the Aditya Birla Group, a USD 35 billion Indian business house operating in 33 countries across the globe.
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