Anicut Capital, through its third private credit fund Grand Anicut Fund (GAF) 4, has injected INR 133 crore into IT services firm TAO Digital Solutions. The funds are earmarked for TAO’s strategic acquisition of data intelligence services company TriGeo Technologies, aimed at bolstering its digitization services. TAO Digital Solutions, a global player in technology services encompassing product engineering, managed services, cybersecurity, and payment solutions, operates with a team of over 2,400 professionals worldwide.

Expanding Capabilities for Customer-Centric Growth

Rajkumar Velagapudi, CEO of TAO Digital Solutions, emphasized the pivotal role this investment will play in elevating their service offerings. With the TriGeo acquisition, TAO plans to integrate digitization services, annotation & labelling, 3D modeling, and digital twinning capabilities to enhance customer satisfaction and position itself as a market leader.

Anicut Capital’s Strategic Deployments

Anicut Capital’s GAF-4, a Rs 1,000 crore fund launched in Q1 FY24, has strategically deployed over Rs 220 crores in sectors like technology, ITeS, electronics manufacturing, and engineering services within the past seven months. A. Jayaseelan, Partner and Chief Credit Officer at Anicut Capital, expressed confidence in TAO’s trajectory, stating that the acquisition of TriGeo is TAO’s initial stride towards market leadership.

Driving Digital Transformation in a Growing Market

The investment aligns with the booming global digital transformation market, projected to surge from $695.5 billion in 2023 to $3,144.9 billion by 2030, with a compound annual growth rate of 24.1%. Anicut Capital, managing assets worth Rs 3,000 crore, has a diverse portfolio, including investments in notable enterprises like Wow! Momo, Bira, Sugar Cosmetics, Lendingkart, and others.