Mukul Agrawal Invests in Pre-IPO Round of EPC Firm; Ashish Kacholia Invested in January

Thane, Maharashtra based, VIKRAN Engineering & Exim Private Limited ("VIKRAN"/ "the Company") confirmed the closure of the Pre-IPO up-round equity placement round. Avid investors including Mukul Agarwal, Negen Undiscovered Fund, Leading Indian family offices and HNIs together invested over Rs 100 Crore. Pantomath Capital Advisors Private Limited acted as the sole investment banker and financial advisor for the transaction. Notably earlier in January 2024, India Inflection Opportunity Fund and Ashish Kacholia collectively invested Rs 85 Crores, acquiring an approximate 11 per cent stake in the Company. VIKRAN is a fast-growing EPC Company in value-added projects of the Power Sector (transmission lines and sub-stations), Electrification & Composite Projects, Water Infrastructure (Water Transportation and Distribution) and Railway Infrastructure. Over the years, VIKRAN has successfully expanded its business and diversified its operations. The Company has a presence in 22 States across India, including Uttar Pradesh, Andhra Pradesh and Madhya Pradesh among other states. VIKRAN is promoted by Mr. Rakesh Markhedkar, CMD of the company, an 11M Bangalore & BITS Pilani Alumni with more than three decades of experience in managing business in Power infra and large heavy industries. He has international experience with stints in companies like Larson & Turbo covering geographies like the Middle East and New Zealand. Mr. Rakesh Markhedkar is assisted by his brother Mr. Avinash Markhedkar, two sons Nakul and Vipul Markhedkar, and wife Kanchan Markhedkar. Mr. Avinash Markhedkar is whole time director in the company, he is an 11M Kolkata Alumni with 33 years of rich experience in execution of EPC projects. Nakul Markhedkar is whole time director in the company and an engineer in Electronics & Telecommunication with 8 years of experience in Procurement, Marketing and Business Development

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