Aditya Birla arm to invest Rs 100 cr in Trimax

Aditya Birla Capital Advisors, the PE arm of the Aditya Birla Financial Services Group, plans to invest Rs 100 crore in the Mumbai-based Trimax IT & Infrastructure.

Trimax, promoted by S P Madrecha and C P Madrecha, is an information technology systems integration and managed service provider. It has partnered with technology providers such as Cisco, HP and Microsoft to offer systems integration, network rollout and maintenance and cloud computing services to companies and government agencies.

Aditya Birla Capital Advisors CEO Bharat Banka confirmed the deal and said, “Trimax is uniquely placed within e-governance and the enterprise sectors, which exhibit strong and encouraging growth prospects. We are excited to collaborate with Trimax and play a value-added role in the growth of the company.”

Surya Prakash Madrecha, managing director, Trimax, said, “Trimax has drawn up aggressive expansion and diversification plans, which entail investment in capital expenditure and long-term working capital. We have seen growth in India in various sectors and will continue to expand both our service lines and forays into new sectors.”

Aditya Birla Capital Advisors has recently invested in Alphion India and New Delhi-based SMS Paryavaran.