News Brief

Baring empowers InfrasoftTech with Rs 1 billion

Baring Private Equity Partners will invest over Rs 100 crores in InfrasoftTech and take up a significant stake in the company. Its current investors B&K securities represented by Rashmi Agarwal and Manoj Murarka will remain invested.

The amount invested will be utilized for accelerating the company’s growth in both organic as well as inorganic ways and to build infrastructure and new IPR, for sales, business promotion and systems (connecting all offices through MIS). The company will acquire three companies one each in the US, Middle East and UK. It also plans to grow its headcount from 500 to 2,000 people.

Hanuman Tripathi, CEO and MD, InfrasoftTech says, “We will strengthen our footprint in the UK, Europe, Middle East, South East Asia, Africa, the USA and India. We will use Baring’s expertise in finding the right partners in the global markets to grow inorganically.”

Speaking about the partnership, Rahul Bhasin, Managing Partner, Baring India says, “InfrasoftTech has significant potential to become one of the leading players globally. We are looking forward to leverage our expertise and network to increase InfrasoftTech’s growth prospects many-fold.” Baring will start with three board members at InfrasoftTech.

InfrasoftTech’s core competencies include domains like retail and investment banking, eChannels, trading, wealth management, Islamic finance and anti-money laundering.