Anupam Industries Ltd, Anand (Gujarat) based leading manufacturers of Material Handling Equipment (MHE) has received a committed investment of Rs 50 crores from Aditya Birla Private Equity. The company will use the proceeds to fund its aggressive expansion plans in the backdrop of significant order flow from infrastructure and industrial sectors. Mr. Bharat Banka, MD & CEO, Aditya Birla Private Equity, will join the Board of Directors of the Company.
About Anupam Industries Ltd | Aditya Birla Capital Advisors Private Limited
Established in 1973, Anupam Industries Ltd. (AIL) today is the largest manufacturer of industrial cranes in India. AIL’s product portfolio includes cranes used in industries such as power, steel, construction, manufacturing and ports sectors. The Company recently bagged the “Star SME of the Year” award at the Business Today-Yes Bank SME Awards 2009.
Aditya Birla Capital Advisors Private Limited (ABCAP) manages over Rs675 crores and offers investment management and advisory services as Aditya Birla Private Equity to domestic and global investors. The Company has adopted a unique investment style of partnering with its portfolio companies by providing strategic and operational intervention and has its focus on growth investments in mid market companies, with India as investment destination. Aditya Birla Capital Advisors Private Limited, part of US$30 bn Indian conglomerate, Aditya Birla Group, is the investment manager to the fund and is led by Mr Bharat Banka, MD & CEO.
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