Amnex
Technology solutions for smart cities and industries.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | $52.0m | Growth Equity non VC | |
| Total Funding | 000k | ||
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Amnex Infotechnologies, founded in 2008 by Aditya Shah and Tapan Gosaliya, is a technology company based in Ahmedabad, India, that provides end-to-end digital solutions for mission-critical infrastructure. The company began with a focus on RFID technology and has since expanded its expertise to include the Internet of Things (IoT), artificial intelligence, machine learning, geographic information systems (GIS), and remote sensing. Amnex specializes in developing solutions for both government (B2G) and private sector clients across various industries, including smart cities, transportation, agriculture, mining, logistics, and utilities.
The firm has developed over 18 proprietary platforms designed to enhance operational efficiency and data-driven decision-making. Its smart city solutions encompass integrated command and control centers (ICCC), intelligent traffic management systems (ITMS), urban surveillance, solid waste management, and smart utility monitoring. In the transportation sector, Amnex provides systems for real-time vehicle tracking, fleet management, and automated payment solutions. The company's business model is asset-light, which has contributed to maintaining a high return on capital employed (ROCE) and achieving a 75% compound annual growth rate (CAGR) over the last three years.
In August 2025, Amnex secured its first growth capital funding round of ₹460 crore (approximately $52 million) from the Bharat Value Fund, managed by The Wealth Company Asset Management. This investment is intended to expand the company's AI and IoT-based solutions and further its role in India's digital transformation, supported by government initiatives like Digital India and the National AI Mission.
Keywords: smart cities, internet of things, geographic information systems, intelligent traffic management, B2G solutions, digital infrastructure, fleet management, urban mobility, agricultural technology, logistics optimization, remote sensing, data analytics, command and control center, asset management, waste management, smart utilities, real-time tracking, AI, machine learning, transportation solutions