·  Amnex secures Rs 460 Cr from The Wealth Company’s Bharat Value Fund.

·  Achieved 75% CAGR growth with asset-light model and 40%+ ROCE.

·  Expanding AI, IoT, GIS, and blockchain-driven solutions across sectors.

Wealth Company Asset Management, a Pantomath Group asset management subsidiary, has made an investment of Rs 460 crore (about $52 million) in Ahmedabad's Amnex Infotechnologies under its Bharat Value Fund (BVF).

This is Amnex's debut growth capital round. The firm, established by Aditya Shah and Tapan Gosaliya in 2008, develops AI, IoT, GIS, and blockchain-based solutions for mission-critical verticals like traffic, mobility, utilities, mining, logistics, agriculture, and smart cities. With more than 18 proprietary platforms, Amnex fuses open digital infrastructure with homegrown technology to create mass-scale impact.

Amnex has seen a 75% CAGR in the last three years, has an asset-light business model, and has ROCE of more than 40%. Having a strong order book with penetration across industries, the company has become one of India's fastest-growing digital infrastructure players.

Also Read-Natasha Malpani Launches Rs 200 Crore AI-Focused Fund for Startups

India's digital infrastructure investments, says Madhu Lunawat, Founder and MD of The Wealth Company, touched Rs 1.19 lakh crore in 2024 due to efforts such as Digital India, India Stack, and the National AI Mission. She further added that Amnex's track record makes it a reliable bet in this fast-growing industry.

BVF continues to actively support high-growth companies, investing recently in Haldiram Bhujiawala and Prisma Global.