ChrysCapital has invested US $63M into Infogain to help the company broaden its solution offerings, pursue strategic acquisitions, explore new geographies and accelerate the expansion of its employee base.
ChrysCapital has earlier invested in companies like HCL Technologies, LiquidHub, KPIT Technologies, Cyient, Mphasis and Spectramind and manages assets of US $2.5 billion across six funds.
The IT consulting firm has doubled its revenue in the last five years and services 5 of the world’s largest 50 and 20 of the world’s largest 1,000 enterprises.
“ChrysCapital’s support will help our firm to grow organically and through strategic acquisitions. Our plans for expansion into other service areas and geographies will further strengthen our position in the evolving IT services market,” said Kapil Nanda, CEO of Infogain.
“Infogain has significant strength in processes, systems, thought leadership, innovation, and its collaborative culture,” said Eddie Chandhok, president Global Delivery at Infogain.
In March, ChrysCapital invested $8 million in South Indian Bank.
In January, Infogain collaborated with XCCommerce to deliver complete promotions solutions to retailers that want to simplify and future proof their promotion creation and execution capabilities across channels.
In April last year, Infogain partnered with mobile development company Xamarin to leverage mobile apps across all platforms.
Shilpa Khatri
