Mumbai: Trimax IT Infrastructure and Services has raised around $20 million from Aditya Birla Private Equity Fund, the PE arm of Aditya Birla Financial Services Group. The deal will see a partial exit for BanyanTree Growth Capital I, which was the first PE firm to invest in the fast-growing company in 2009. The terms of the deal is not yet disclosed.

Desai and Diwanji were the advisors to Aditya Birla PE Fund with a team led by Mumbai Partner Aslesha A Gowariker along with Associate Partner Siddhath Mody.

Trimax provides various information technology services and solutions in India. Surya Prakash Madrecha heads the Chair and is the Managing Director of the Mumbai based company. He holds a Bachelors Degree in Science from University of Rajasthan. He has 15 years of experience in the IT industry. He is the First Director of the company.

Aditya Birla PE Fund I is a sector-agnostic domestic fund, focused on providing growth capital to mature sectors and businesses. The fund manages a corpus of 8.81 billion with a mandate to invest in and harvest business growth opportunities created by the strong prospects of the Indian economy.