Ahmedabad (Gujarat) [India], October 22: CastNX Private Limited (“CastNX”), a pioneering deep-tech start-up in power electronics, today announced a Rs23.22 Cr investment from Arpit Khandelwal and Plutus Investments and Holding Private Limited (“Plutus”). Additionally, Arpit has also acquired shares through secondary purchase from existing shareholders. This strategic funding will accelerate CastNX’s mission to develop energy-efficient and cost-effective power electronics solutions. CastNX Pvt. Ltd is a deep-tech start-up revolutionizing power electronics. With its India Design Centre (IDC) in Indore, Madhya Pradesh, and collaborations with IISc Bangalore, IIT Bombay and IIT Delhi, CastNX is poised to drive innovation and sustainability in the power electronics industry.
Plutus Investments and Holding Private Limited, a Plutus Group company, is promoted by Arpit Khandelwal and Ramesh Siyani. Plutus Wealth Management LLP is the flagship entity and is a boutique proprietary investment firm with a mission to build long-term wealth by investing in select stories. Plutus follows multiple investment strategies to identify ideal investment ideas and invests in both listed and unlisted equities.
Read more At: CastNX on ANI News