MUMBAI: In a defining moment for India’s rapidly evolving tech infrastructure landscape, The Wealth Company, the asset management arm of the Pantomath Group, has made a bold bet on the future. Through its Bharat Value Fund, the firm has invested a significant ₹460 crore (approx. USD 52 million) in Amnex InfoTechnologies Pvt. Ltd., an Ahmedabad-based deep-tech player that’s quietly becoming a backbone of India’s digital infrastructure.
This infusion marks Amnex’s first-ever institutional growth capital round — a strategic partnership that could accelerate the company’s ambitions to design and deploy the operating systems of tomorrow’s cities, farms, and industries.
The Tech Builder of the New Bharat
Founded in 2008 by technocrats Aditya Shah and Tapan Gosaliya, Amnex isn’t your average tech firm. It builds mission-critical platforms that integrate hardware, software, and frontier technologies like AI/ML, IoT, GIS, and Blockchain to solve real problems in traffic management, mobility, utilities, logistics, mining, smart cities, and agriculture.
From reimagining urban traffic control systems to deploying AI-driven solutions for precision agriculture, Amnex blends industrial-grade execution with digital innovation. The firm has developed more than 18 proprietary platforms and has executed high-impact projects across sectors that are key to India’s socio-economic transformation.
Its unique edge? Combining Digital Public Infrastructure (DPI)-aligned open platforms with proprietary tech solutions, enabling transparent, efficient, and scalable public service delivery.
Fast Growth, Deep Impact
Over the last three years, Amnex has grown at a CAGR of 75%, all while maintaining an asset-light model and consistently delivering ROCE above 40% — a rare feat in deep-tech and infrastructure segments.
“We’re not just building tech—we’re building the digital operating layer of a more inclusive and resilient society,” says Aditya Shah, Founder & MD of Amnex. “Our platforms are designed to anticipate needs, dissolve barriers, and unlock real human potential.”
With this fresh growth capital, Amnex plans to further strengthen its platform stack, scale operations, and deepen its presence across Indian and global markets.
A Strategic Bet on Bharat’s Digital Momentum
For The Wealth Company, the investment aligns seamlessly with its philosophy of discovery-led investing — backing underappreciated businesses with the potential to become sector-defining forces.
“India’s digital infra spend touched ₹1.19 lakh crore in 2024, growing at 10% CAGR, and we believe this is just the beginning,” notes Madhu Lunawat, Founder & MD of The Wealth Company. “Amnex has built the right technology at the right time—with a proven track record and immense scalability. This partnership is not just capital—it’s conviction.”
Lunawat’s confidence is underpinned by structural tailwinds: government-led digital missions, rising private-sector adoption, and a maturing policy ecosystem for DPI and AI integration.
Bharat Value Fund: Investing in the Next Growth Frontier
Launched by The Wealth Company, the Bharat Value Fund (BVF) has quickly carved out a reputation as one of India’s most agile and forward-looking growth capital funds. In the last six months alone, BVF has backed Haldiram Bhujiawala Ltd., Prisma Global Ltd., and other promising firms across sectors.
BVF’s approach combines rigorous due diligence, high-conviction bets, and strategic patience—a rare blend in India’s fast-paced private capital landscape.
Inside The Wealth Company: A House Built on Conviction
A fully SEBI-registered AMC as of July 2025, The Wealth Company manages over ₹10,000 crore in client assets, offering a wide suite of high-integrity investment products, including Category II AIFs, real estate funds (like Bharat Bhoomi Fund), and upcoming mutual fund offerings.
Founded by Madhu Lunawat, also Co-founder of Pantomath Group, the firm is built on research, clarity, and purpose-driven investing. As a UN PRI signatory, ESG integration is woven into its DNA—an increasing differentiator in institutional capital circles.
What This Means for the Future
This partnership between The Wealth Company and Amnex is more than just a funding round—it’s a signal. A signal that India’s next digital leap will be powered not just by consumer unicorns or flashy apps, but by companies that build foundational systems. Companies that work behind the scenes to make cities smarter, supply chains leaner, public services efficient, and infrastructure intelligent.
As India doubles down on its digital ambition, this ₹460 crore investment may just become a blueprint for what smart capital, patient conviction, and bold innovation can achieve — together.