Private Equity

PE-VC Fund Investments

InCred Alternatives invests Rs.185-Cr in security systems maker VEM Technologies

Business Line  

InCred Alternative Investments, the alternative investment arm of InCred Capital Financial Services, has invested INR 185 Cr in Hyderabad-based security systems manufacturer VEM Technologies through its private equity funds, InCred Growth Partners Fund-I and InCred Growth Partners Fund-II.Founded in 1988 by V Venkata Raju and family, VEM Technologies operates in the defence and aerospace sectors, providing services including system engineering, design, integration, manufacturing, and quality assurance for space, aeronautics, and defence systems. The company supplies components and systems for missile programmes such as Akash, BrahMos, and Prithvi.The new funds will be used to strengthen its manufacturing infrastructure, add capacity, and set up a new manufacturing facility.