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Sanlayan Technologies invests in Versabyte Data Systems

EntrackrEntrackr · 3m ago
Sanlayan Technologies invests in Versabyte Data Systems
Medial

Sanlayan Technologies invests in Versabyte Data Systems Bengaluru-based Sanlayan Technologies has made a strategic investment in Versabyte Data Systems, a company focused on defence power electronics. The move is part of Sanlayan’s plan to strengthen its defence electronics stack and reduce import dependence in the sector. Founded in 1987 by P.S. Reddy, Versabyte supplies power systems to organisations including HAL, BEL, BDL, DRDO, and the Indian Armed Forces. The company reported Rs 67 crore in revenue and Rs 16.5 crore in profit for FY25, with an order book of Rs 210 crore and a pipeline of over Rs 200 crore. Following the investment, Versabyte will continue to operate as an independent unit under the Sanlayan group while keeping its existing leadership and engineering teams. The collaboration will focus on joint product development, market expansion, and participation in defence tenders. Sanlayan had earlier acquired Dexcel Electronics, an embedded systems firm, and built a 70-member R&D team working on radar and electronic warfare systems. The company said these efforts aim to offer complete electronics solutions across the defence value chain. Sanlayan recently raised Rs 186 crore in a Series A funding round. The company said the investment aligns with its focus on strategic acquisitions, in-house research, and partnerships to advance indigenous radar and electronic warfare technologies.

PE fund ValueQuest raises Rs 1,500 Cr from domestic LPs

EntrackrEntrackr · 3d ago
PE fund ValueQuest raises Rs 1,500 Cr from domestic LPs
Medial

ValueQuest Investment Advisors has raised a Rs 1,500-crore private equity (PE) fund focused on advanced manufacturing sectors such as aerospace, defence, and energy transition. ValueQuest Tristar, a 100% rupee-denominated fund, has surpassed its target size of Rs 1,500 crore and activated a greenshoe option of Rs 500 crore. The fund aims to close the fundraising within the current calendar year. According to the Mumbai-based firm, the fund plans to back 8–12 companies with cheque sizes ranging from Rs 150 crore to Rs 400 crore and expects to complete capital deployment within 18–24 months. It will focus on businesses with proven product-market fit, positive unit economics, and established customer relationships. ValueQuest said this is the right time to deploy capital in advanced manufacturing sectors, noting that several companies in the space are also tapping the IPO market. The fund has already invested in Rangsons Aerospace, a precision manufacturing company serving marquee domestic and global aerospace and defence clients. It has also backed Waaree Energy Storage Solutions, which manufactures lithium-ion cells, battery packs, and energy storage systems for Indian and international markets. In defence investing, the fund has been an early investor in defence public sector undertakings such as Mazagon Dock, Cochin Shipyard, HAL, BEL, and Garden Reach, even before policy momentum built in favour of the sector.

US stock turbulence throws spotlight on Big Tech's valuations

Economic TimesEconomic Times · 1y ago
US stock turbulence throws spotlight on Big Tech's valuations
Medial

The recent selloff in US stocks has highlighted concerns about the high valuations of tech companies such as Nvidia and Microsoft. With the S&P 500 tech sector trading at nearly 30 times earnings estimates, market participants are becoming more cautious. Strongly valued stocks like Tesla and Alphabet have already experienced declines, and upcoming earnings results from tech giants like Amazon, Apple, Microsoft, and Meta Platforms are expected to have a major impact. Furthermore, investors may start to unload stocks if faced with market turbulence or changes in Federal Reserve policy. Despite this, some believe that stocks are still not as overvalued as they were during the dot-com bubble in the early 2000s.

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