Amnex Infotechnologies raises Rs 460 Cr from The Wealth Company

The Wealth Company Asset Management, part of the Pantomath Group, has invested ₹460 crore (about $52 million) from its Bharat Value Fund (BVF) into Amnex Infotechnologies.

This is Amnex’s first growth capital round. The company plans to create connected systems that anticipate human needs and support inclusive, resilient infrastructure. The new funds will help expand its solutions across different sectors.

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"As technology adoption accelerates across every sector, powerful economic tailwinds are taking shape, fuelled by platform-led transformations, intelligence-driven service delivery and universal last-mile access. In this fast-expanding white space, Amnex stands out with a proven track record, deep domain mastery and scalable technology capabilities, poised to unlock significant value and shape the next chapter of India’s digital growth story,” said, Madhu Lunawat, Founder and Managing Director of Wealth Company Asset Management.

She also mentioned that India’s digital infrastructure investments reached ₹1.19 lakh crore in 2024, growing at nearly 10% CAGR, supported by major programs like Digital India, India Stack, and the National AI Mission.

About Amnex Infotechnologies

Founded in 2008 by Aditya Shah and Tapan Gosaliya, Amnex creates technology solutions using AI, IoT, GIS, and blockchain for important sectors. Their work covers areas like traffic, transportation, utilities, mining, logistics, farming, and smart cities.

The company has made more than 18 unique platforms that mix open digital systems with their own technology to make a big impact.

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Amnex says it has grown quickly, with a 75% yearly growth rate over the last three years. It uses a model that doesn’t need many assets and keeps a high return on capital employed (ROCE) above 40%. With many orders and strong presence in different industries, Amnex is now one of India’s fastest-growing companies in digital infrastructure.