# Amnex Technologies
Amnex Infotechnologies Private Limited (Amnex) is an Ahmedabad-based Indian technology company, founded in 2008 by Aditya Shah and Tapan Gosaliya, that builds applied artificial intelligence, IoT, and geospatial solutions for government customers; it remains independent and active as of September 2026.[1](https://yourstory.com/2025/08/the-wealth-company-backs-amnex-infotechnologies-with-rs-460-cr-investment) • [2](https://amnex.com/about-us/) In August 2025 it raised Rs 4.6 billion (Rs 460 crore; about USD 52 million) from the Bharat Value Fund, the company's first disclosed growth round.[1](https://yourstory.com/2025/08/the-wealth-company-backs-amnex-infotechnologies-with-rs-460-cr-investment)
| Key facts | |
|---|---|
| Legal name | Amnex Infotechnologies Private Limited (per an unverified registry-derived directory)[3](https://tracxn.com/d/legal-entities/india/amnex-infotechnologies-private-limited/__ZAU4jJx3nzqURz689SO2E3kAqSP2fjGLArqB4U5wO4A) |
| Founded | 1 January 2008, Ahmedabad, Gujarat[2](https://amnex.com/about-us/) • [3](https://tracxn.com/d/legal-entities/india/amnex-infotechnologies-private-limited/__ZAU4jJx3nzqURz689SO2E3kAqSP2fjGLArqB4U5wO4A) |
| Founders | Aditya Shah (Founder & Managing Director), Tapan Gosaliya (Co-founder & Director)[2](https://amnex.com/about-us/) |
| Headquarters | B-1301 Mondeal Heights, S.G. Highway, Ahmedabad 380015[2](https://amnex.com/about-us/) |
| Focus | B2G applied AI: traffic management, utilities, mining, logistics, smart cities, mobility, agriculture[1](https://yourstory.com/2025/08/the-wealth-company-backs-amnex-infotechnologies-with-rs-460-cr-investment) |
| Funding | Rs 4.6 billion (Rs 460 crore; ~USD 52 million) growth round, August 2025, Bharat Value Fund[1](https://yourstory.com/2025/08/the-wealth-company-backs-amnex-infotechnologies-with-rs-460-cr-investment) |
| Registration | CIN U72100GJ2008PTC052502, ROC Ahmedabad, status Active (unverified, registry-derived)[3](https://tracxn.com/d/legal-entities/india/amnex-infotechnologies-private-limited/__ZAU4jJx3nzqURz689SO2E3kAqSP2fjGLArqB4U5wO4A) |
| Status | Independent and operating as of September 2026 (per the same unverified directory)[3](https://tracxn.com/d/legal-entities/india/amnex-infotechnologies-private-limited/__ZAU4jJx3nzqURz689SO2E3kAqSP2fjGLArqB4U5wO4A) |
## History and founding
Amnex Infotechnologies Pvt Ltd was incorporated on 1 January 2008 and registered with the Registrar of Companies, Ahmedabad, per the registry-derived directory record.[3](https://tracxn.com/d/legal-entities/india/amnex-infotechnologies-private-limited/__ZAU4jJx3nzqURz689SO2E3kAqSP2fjGLArqB4U5wO4A) According to the company's own account, it was born from a shared vision in 2008 of two friends who saw a future beyond the IT industry's focus on ERP and IT services.[2](https://amnex.com/about-us/) Shah serves as Founder and Managing Director and Gosaliya as Co-founder and Director.[2](https://amnex.com/about-us/) The same directory record dates Shah's MD role from 1 April 2010 and lists Gosaliya as a whole-time director (unverified).[3](https://tracxn.com/d/legal-entities/india/amnex-infotechnologies-private-limited/__ZAU4jJx3nzqURz689SO2E3kAqSP2fjGLArqB4U5wO4A)
## Products, technology and services
Amnex describes itself as a B2G solutions provider serving government customers in India.[2](https://amnex.com/about-us/) • [1](https://yourstory.com/2025/08/the-wealth-company-backs-amnex-infotechnologies-with-rs-460-cr-investment) It has developed more than 18 proprietary platforms that combine IoT, GIS, AI/ML, blockchain, and analytics to support large-scale, mission-critical operations.[1](https://yourstory.com/2025/08/the-wealth-company-backs-amnex-infotechnologies-with-rs-460-cr-investment) Its delivery spans traffic management, utilities, mining, logistics, smart cities, mobility, and agriculture.[1](https://yourstory.com/2025/08/the-wealth-company-backs-amnex-infotechnologies-with-rs-460-cr-investment)
The character of the work is applied rather than frontier research: the platforms embed machine learning within wider sensor, geospatial, and automation systems for operational domains such as adaptive traffic management and precision agriculture.[1](https://yourstory.com/2025/08/the-wealth-company-backs-amnex-infotechnologies-with-rs-460-cr-investment) • [5](https://amnex.com/18-years-of-innovation-building-with-purpose-believing-in-whats-possible/)
## Funding: by the numbers
In August 2025, The Wealth Company Asset Management, the asset management arm of the Pantomath Group, committed Rs 4.6 billion (Rs 460 crore; around USD 52 million) from its Bharat Value Fund into Amnex.[1](https://yourstory.com/2025/08/the-wealth-company-backs-amnex-infotechnologies-with-rs-460-cr-investment) The investment marked the closure of Amnex's first growth capital funding round.[4](https://sahyadristartups.com/spotlight/bharat-value-fund-amnex-infotechnologies-raises-inr-460-crore-from-the-wealth-company/)
The detailed round coverage resolves the reported figures as a single event: the August 2025 Bharat Value Fund investment.[1](https://yourstory.com/2025/08/the-wealth-company-backs-amnex-infotechnologies-with-rs-460-cr-investment) • [4](https://sahyadristartups.com/spotlight/bharat-value-fund-amnex-infotechnologies-raises-inr-460-crore-from-the-wealth-company/) No post-money valuation is reported by any source.
## Business, customers and traction
Amnex operates an asset-light, capital-efficient model supported by an order book in India's digital infrastructure domain, according to the funding announcement.[4](https://sahyadristartups.com/spotlight/bharat-value-fund-amnex-infotechnologies-raises-inr-460-crore-from-the-wealth-company/) The same announcement reported a 75% compound annual growth rate over the prior three years with return on capital employed above 40%; these figures come from the round's promotional coverage and have not been independently verified.[4](https://sahyadristartups.com/spotlight/bharat-value-fund-amnex-infotechnologies-raises-inr-460-crore-from-the-wealth-company/)
The company's own 2026 anniversary post claims its platforms operate across 50+ cities, enabling efficiency gains of over 30% for client institutions, and cites impact figures including 39 million+ people impacted through urban solutions, 5.5 million PCUs of traffic optimized daily, 12 million farmers supported, 275,000+ metric tons of minerals monitored daily across 1,993 mines.[5](https://amnex.com/18-years-of-innovation-building-with-purpose-believing-in-whats-possible/) These are self-reported metrics; no named customers or specific contracts appear in any source, only sectors and aggregates.[5](https://amnex.com/18-years-of-innovation-building-with-purpose-believing-in-whats-possible/)
## Scale and governance: recent developments
A registry-derived directory record lists 737 employees as of 1 April 2026, up 19% year over year, and revenue between Rs 5 billion (Rs 500 crore) and Rs 10 billion (Rs 1,000 crore) for the financial year ending 31 March 2025.[3](https://tracxn.com/d/legal-entities/india/amnex-infotechnologies-private-limited/__ZAU4jJx3nzqURz689SO2E3kAqSP2fjGLArqB4U5wO4A) These figures rest solely on the unverified directory page; they also conflict with the company's own claim of over 1,000 people, a discrepancy the sources do not settle.[2](https://amnex.com/about-us/) • [3](https://tracxn.com/d/legal-entities/india/amnex-infotechnologies-private-limited/__ZAU4jJx3nzqURz689SO2E3kAqSP2fjGLArqB4U5wO4A)
The board has expanded alongside the 2025 round: the same unverified directory record adds Poussin Punnose (2018), Utpal Kanchanlal Gandhi (7 August 2025, around the funding close) and Ram Sewak Sharma as an additional director from 7 April 2026.[3](https://tracxn.com/d/legal-entities/india/amnex-infotechnologies-private-limited/__ZAU4jJx3nzqURz689SO2E3kAqSP2fjGLArqB4U5wO4A) Founders held 37.98% post-round with funds at 6.48%, per the same unverified registry-derived record.[3](https://tracxn.com/d/legal-entities/india/amnex-infotechnologies-private-limited/__ZAU4jJx3nzqURz689SO2E3kAqSP2fjGLArqB4U5wO4A)
## References
1. [The Wealth Company backs Amnex Infotechnologies with Rs 460 Cr investment, YourStory](https://yourstory.com/2025/08/the-wealth-company-backs-amnex-infotechnologies-with-rs-460-cr-investment)
2. [About Us, AMNEX](https://amnex.com/about-us/)
3. [AMNEX INFOTECHNOLOGIES PRIVATE LIMITED, Tracxn](https://tracxn.com/d/legal-entities/india/amnex-infotechnologies-private-limited/__ZAU4jJx3nzqURz689SO2E3kAqSP2fjGLArqB4U5wO4A)
4. [Bharat Value Fund: Amnex InfoTechnologies Raises INR 460 Crore From The Wealth Company, Sahyadri Startups](https://sahyadristartups.com/spotlight/bharat-value-fund-amnex-infotechnologies-raises-inr-460-crore-from-the-wealth-company/)
5. [18 Years of Innovation: Building with Purpose, Believing in What's Possible, AMNEX](https://amnex.com/18-years-of-innovation-building-with-purpose-believing-in-whats-possible/)
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*Topic: Encyclopedia › Society and history › Economics and business › Business and work › Business and work overview › Companies and corporations › Venture-backed startups and growth companies › Software, internet, and enterprise-technology startups*
*Initially written Sep 17, 2026 · Edited: Oct 11, 2026; Oct 15, 2026*
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