- The company was established in 2007 by Bhupender Saharan, Puneet Agarwal, Vivek Bansal and Murali Jayaraman
- VVDN’s customer base is made of global semi-conductor companies and large-to- mid-sized original equipment makers
According to a report by Vccircle, Motilal Oswal Private Equity (MOPE)will make an investment of Rs 250 crore to VVDN Technologies. The Gurugram- based company works on electronics manufacturing and product engineering.
As per the report, India Business Excellence Fund-III will invest in VVDN. The company was established in 2007 by Bhupender Saharan, Puneet Agarwal, Vivek Bansal and Murali Jayaraman. MOPE hasd raised over Rs 2,300 crores its third sector-agnostic fund, India Business Excellence Fund-III in 2018 said the report. This fund aims to invest in established mid-market businesses.
5G, data centre, networking, IoT
According to the report, Vishal Tulsyan, managing director and chief executive of MOPE said that the experience of investing in the electronics product manufacturing space in India has been quite good. VVDN’s customer base includes global semi-conductor companies and large-to- mid-sized original equipment makers. It works in areas of 5G, data centre, networking, IoT (Internet of Things), cloud and applications.
The report said that Bhupender Saharan said that partnering with MOPE will help to accelerate VVDN’s growth plans and help the company in scaling the business. He added that MOPE’s experience of investing in electronics manufacturing and organisational development in their portfolio companies will add value to VVDN. JM Financial Services acted as a financial adviser to VVDN for the deal.
Four manufacturing facilities
The company said that VVDN has a global sales footprint across the US, Europe, South Korea, Japan and India. It has nine design and delivery centres that employs 2,000 plus engineers. It also has four manufacturing facilities to service its customers as per the company.