Fast-growing Energy Services Company Seeking Funds
by Charmi Gutka
A leading certified energy saving equipments maker for reactive compensation and service provider to the electricity utilities and industrial units, backed by engineer-promoters with over two decades of experience in the industry is seeking funds for growth.
The company has partnered with a MNC for cost benefits and has orders over R100 Cr.
Leading global growth private equity firm TA Associates and India Value Fund Advisors’ special purpose vehicle, Argan (Mauritius) are pumping around $500 Mn in high-speed broadband services provider Atria Convergence Technologies for a 95% stake in the company.