Latest news with #SteptradeCapital
Economic Times
05-08-2025
- Business
- Economic Times
Chanakya Fund invests in Polite Powertech to back green power push
Chanakya Opportunities Fund I, an SME-Exchange focused Alternative Investment Fund (AIF) and part of Steptrade Capital, has announced a strategic investment in Polite Powertech. ADVERTISEMENT Chanakya has taken the lead in the pre-IPO funding round by investing over 15% of the total capital raised, part of its commitment to support fast-growing and sustainability-focused companies in India's power infrastructure sector. Polite Powertech led by promoter and director, Yogesh Patel has more than 15 years of experience and specialises in executing turnkey EPC (Engineering, Procurement, and Construction) projects across EHV (Extra High Voltage) cable systems, MV/LV/HV distribution networks, and solar power installations. The company has already laid 4,000 kms of transmission lines, 30 turnkey projects and power distribution work over the years, it said. Kresha Gupta, Director and Fund Manager at Steptrade Capital, said, 'At Chanakya Opportunities Fund, our core philosophy is to back companies that contribute meaningfully to a sustainable and improved future. From power infrastructure to renewable energy and defense, our investments reflect this long-term vision. Polite Powertech is a powerful addition to our mission and a promising force in India's electricity transmission landscape.' The investment aligns with significant government initiatives supporting the power infrastructure sector even as the Government of Gujarat has allocated Rs1 lakh crore to accelerate the development of underground transmission lines and substations. Programs such as the Revamping Distribution Sector Scheme (RDSS), Green Energy Corridor II (GEC II), and the projects of Under Ground (UG) transmission lines underscore the government's commitment to enhancing the reliability, sustainability, and efficiency of India's electricity grid. Polite Powertech closely works with Government's Power Transmission and Distribution companies and bids for tenders of GETCO and DISCOMs. Polite Powertech also undertake private industrial projects from major private players. Leveraging its strong execution capabilities, it has gained credibility and recognition across the industry. With this investment, Steptrade Capital continues to position itself at the forefront of India's infrastructure transformation by supporting visionary entrepreneurs building the next generation of sustainable networks, it said in a statement.
Time of India
05-08-2025
- Business
- Time of India
Chanakya Fund invests in Polite Powertech to back green power push
Chanakya Opportunities Fund I, an SME-Exchange focused Alternative Investment Fund (AIF) and part of Steptrade Capital , has announced a strategic investment in Polite Powertech. Chanakya has taken the lead in the pre-IPO funding round by investing over 15% of the total capital raised, part of its commitment to support fast-growing and sustainability-focused companies in India's power infrastructure sector. Polite Powertech led by promoter and director, Yogesh Patel has more than 15 years of experience and specialises in executing turnkey EPC (Engineering, Procurement, and Construction) projects across EHV (Extra High Voltage) cable systems, MV/LV/HV distribution networks, and solar power installations. The company has already laid 4,000 kms of transmission lines, 30 turnkey projects and power distribution work over the years, it said. Kresha Gupta, Director and Fund Manager at Steptrade Capital, said, 'At Chanakya Opportunities Fund, our core philosophy is to back companies that contribute meaningfully to a sustainable and improved future. From power infrastructure to renewable energy and defense, our investments reflect this long-term vision. Polite Powertech is a powerful addition to our mission and a promising force in India's electricity transmission landscape.' The investment aligns with significant government initiatives supporting the power infrastructure sector even as the Government of Gujarat has allocated Rs1 lakh crore to accelerate the development of underground transmission lines and substations. Programs such as the Revamping Distribution Sector Scheme (RDSS), Green Energy Corridor II (GEC II), and the projects of Under Ground (UG) transmission lines underscore the government's commitment to enhancing the reliability, sustainability, and efficiency of India's electricity grid. Polite Powertech closely works with Government's Power Transmission and Distribution companies and bids for tenders of GETCO and DISCOMs. Polite Powertech also undertake private industrial projects from major private players. Leveraging its strong execution capabilities, it has gained credibility and recognition across the industry. With this investment, Steptrade Capital continues to position itself at the forefront of India's infrastructure transformation by supporting visionary entrepreneurs building the next generation of sustainable networks, it said in a statement.
Entrepreneur
18-06-2025
- Business
- Entrepreneur
Steptrade Capital Announces First Close of INR 1,000 Cr Microcap Fund SRF-II
The fund aims to invest in India's listed and unlisted small and microcap businesses. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Steptrade Capital has announced the first close of its third Alternative Investment Fund (AIF), Steptrade Revolution Fund-II (SRF-II), with a total deployment target of INR 1,000 crore. The fund aims to invest in India's listed and unlisted small and microcap enterprises, continuing Steptrade's sharp focus on underserved yet high-potential businesses. SRF-II builds on the legacy of Steptrade's earlier funds—the Chanakya Opportunities Fund and Steptrade Revolution Fund-I—which also targeted India's small business landscape. The new fund will focus on critical sectors such as renewables, defence, waste management, and infrastructure. "This early close is a strong vote of confidence from our investors," said CA Kresha Gupta, Director and Fund Manager at Steptrade Capital. "It reflects the strength of our investment philosophy—rooted in bottom-up research, market depth, and a clear focus on value creation in sectors that matter." Operating across all SEBI-regulated investment formats—AIF Categories I, II, and III, Portfolio Management Services (PMS), and Foreign Portfolio Investment (FPI)—Steptrade now offers one of India's most comprehensive platforms for SME investing. "In microcap investing, timing and structure matter as much as the idea itself," added Ankush Jain, CFA, Director and Fund Manager. "SRF-II reflects a disciplined approach where every allocation is backed by deep research, clear valuation logic, and a focus on protecting downside while capturing structural upside." Steptrade continues to position itself as a thought leader in SME investments, with sustainability and innovation at the core of its strategies. With SRF-II, the firm deepens its commitment to backing India's next generation of high-growth enterprises.
