Annu Projects Limited Secures ₹5 Crores in Funding from Chanakya Opportunities Fund

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Annu Projects Limited, a top-tier provider of telecom network construction solutions on a turnkey basis, has raised Rs 5 crore in funding from Chanakya Opportunities Fund, a SEBI-registered Category II Alternative Investment Fund (AIF) that specializes in SME investement , through a preferential issue.

The funds will be instrumental in advancing Annu Project’s strategic initiatives, meeting its working capital requirements, and ensuring high-quality services across its core sectors.

Annu Projects, formerly known as Annu Infra Construct India Pvt., specializes in developing, and maintaining critical infrastructure across diverse sectors, including telecommunications, sewerage systems, gas pipelines, and the power sector.

“This investment from Chanakya Opportunities Fund will enable us to strengthen our market position and drive sustained growth in these essential areas. The investment is a testament to our vision and the strength of our team. This collaboration will fuel our growth, enhance our capabilities, and drive us closer to our goal of delivering exceptional value to our stakeholders,” said Sanjay Saraf, Director, Annu Projects Limited.

Founded in 2003, Annu Projects has successfully executed projects for significant government entities involved in telecom and infrastructure projects.

In the fiscal year 2023-2024, the Ranchi headquartered company reported revenue from operations of ₹153.53 Crores, a significant increase from ₹128.91 Crores in 2022-2023 and ₹110.28 Crores in 2021-2022.

Kresha Gupta, Founder and Fund Manager of Chanakya Opportunities Fund, expressed enthusiasm for the new partnership, stating, “We are thrilled to support Annu Projects’ innovative approach. This investment reflects our confidence in their leadership and vision to disrupt the market, as well as our belief in a future where they redefine industry standards.”