PE Fund Investments
EPC player Vikran raises $10-M from Pantomath Capital, others
Vikran Engineering & Exim Pvt Ltd , a Thane-headquartered engineering, procurement, and construction (EPC) company, has attracted USD 10 million in a pre-IPO placement round from Pantomath Capital managed India Inflection Opportunity Fund (IIOF), Ashish Kacholia and others, in return for a 11% stake. While IIOF contributed INR 45 crore, Kacholia and others invested INR 36.5 crore.Vikran provides services for power-related projects, including infrastructure, transmission, substations, and distribution. In FY 2023, it posted a revenue of INR 526 crore, reflecting a compound annual growth rate of 25% from FY 2021.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
