PE Fund Investments
Contract TV maker Veira Electronics raises Rs.130-Cr from Bharat Value Fund
Bharat Value Fund (BVF) has invested INR 130 crore in Delhi-headquartered Veira Electronics Pvt Ltd , a contract manufacturer of consumer electronic products.Established in 1975, Veira has two facilities in Noida, Uttar Pradesh, producing about three million televisions annually for both domestic and international markets. It offers R&D, sourcing, design, manufacturing, assembly, final testing, and reverse logistics services to brands. The company’s sales went up by 55% CAGR between FY22 and FY24, reaching INR 865 crore in FY24.
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