Aditya Birla Cap to invest Rs 100 cr in Trimax

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”.

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