The Wealth Company Asset Management Private Limited – A Pantomath Group Company, today announced an investment of INR 460 crore (approx. USD 52 Million) via its Bharat Value Fund (BVF) into Ahmedabad based Amnex InfoTechnologies Private Limited (“the Company”). This marks the successful closure of Amnex’s first growth capital funding round.Founded in 2008 by technocrats Aditya Shah and Tapan Gosaliya, Amnex offers complete technology solutions—from design and development to integration—leveraging hardware, software, data analytics, and Industry 4.0 tools (IoT, GIS, AI/ML, and Blockchain) for large-scale clients. The company has built more than 18 proprietary technology platforms to serve multiple industries, including traffic, mobility, utilities, mining, logistics, smart cities, and agriculture. These solutions are designed to enhance transparency, accessibility, and impact at scale.Its diverse portfolio blends Digital Public Infrastructure (DPI)- aligned open platforms with proprietary solutions for service delivery, advanced analytics and operational optimisation.Over the last three years, Amnex has achieved a 75% CAGR. Operating on an asset-light model with disciplined scaling, the Company has consistently delivered ROCE above 40%. With a robust order book and deep market penetration, Amnex has emerged as one of the fastest growing companies in this sector in India.
