Geodesic Techniques gets Rs 45 cr for investment
The funds would be utilised for setting up a steel fabrication unit in Bidar and for other working capital requirements, a company press release said.
Geodesic is a design and build player specialising in steel-based construction and signature structures.
The company is involved in projects like Mumbai and Delhi International Airports.
The company has to its credit corporate customers and end-users such as Infosys, TCS, L&T, GVK and GMR.
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It is currently in the midst of an aggressive expansion plan and the fund infusion is expected to help meet its growth objectives.
Mayfield has been an active investor in India. This marks its sixth investment in India, following investments in Tejas Networks, Satya Paul, Bharat Matrimony, Servomax and Paymate.