Private equity (PE) firm Zephyr Management, has invested $10 million in Trimax IT Infrastructure and Services, an end-to-end IT services and solutions provider of system integration, data center services, BSNL managed enterprise services and IT infrastructure management, through its India investing arm Zephyr Peacock India Funds, for an undisclosed minority stake.
?We plan to use this investment from Zephyr to strengthen our team additionally by 1,000 to 3,000 people over the next six months and to advance operations in country? said Surya Prakash Madrecha, Chairman and Managing Director, Trimax.
?Trimax is poised to grow faster than 40 per cent over the next two years, up from 34 percent in the past three-four years. More importantly, the earnings will grow faster than revenues because margins are getting better. Its EBIDTA (earnings before interest, tax, depreciation and amortization) is increasing by 50 per cent,? said Mukul Gulati, managing director, Zephyr.
