Bravia Invests in Indian Technology Company
Bravia Capital, the Hong Kong based Investment and Advisory firm announced today that they have executed a Shareholders agreement to acquire a significant minority stake in Thotakã Tecknologies India Private Limited (“Thotakã”), a Hyderabad, India based Engineering Services Company.
Thotakã is a business focused on high-technology product engineering and value added pilot manufacturing. The emergence of multi-Giga Hertz data-rates at chip and system level and modern communication technologies using radio frequencies, are creating new categories of devices and large-scale middleware systems development. Thotakã is focused on these developments across industrial and consumer appliances, automotive electronics, telecommunications devices and other strategic electronics.
Sriram Subramanian, Director Operations at Thotakã is bullish about the international markets in this field of engineering services. He said, “We are confident that the partnership with Bravia Capital will help us accelerate our growth plans especially for U.S. markets”.
Sujit Cherian, Head of India Business for Bravia Capital said, “This investment is recognition of the tremendous untapped technical potential in the exciting field of middleware and RF outsourcing to India. Indian engineers have been recognized and tapped in various types of software product development. While Bravia’s focus has typically been in the Transportation, Logistics and related asset financing sectors, this investment will satisfy two of our key investment criteria which is to invest in businesses in the cutting edge of their field and those with world class management teams.”
Bravia Capital is a Hong Kong based private equity and investment firm with a primary focus on transportation, logistics, infrastructure and financial service investments worldwide. Bravia has recently completed several key transportation sector acquisitions on behalf of itself and its partners: TIP Trailer Services Group (2013), Africa World Airlines (2012), Seaco (2011), MyCargo Airlines (2011), myTECHNIC (2010), and Hong Kong Aviation Capital (2010). For more information please visit: www.braviacapital.com.