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Aditya Birla Capital Advisors has invested Rs 95 crore in Alphion India, a subsidiary of US-based Alphion Corporation. The investment was made by Aditya Birla Private Equity-Fund I.
Aditya Birla Capital Advisors is the private equity arm of Aditya Birla Financial Services Group.
Alphion is a telecom company that manufactures and globally supplies optical Fiber-To-The-Premises (FTTx) access systems, subsystems and integrated photonic devices.
Commenting on the passive optical network (PON) market, Mr Bharat Banka, Chief Executive Officer, Aditya Birla Capital Advisors Pvt. Ltd, said in a release, “As per published research and internal estimates, the global market for PON equipment currently is about $ 4 billion per annum and is growing at a CAGR of 20 per cent. The current Indian market for PON equipment is estimated at about $ 300 million per annum and is expected to grow rapidly as service providers are in the process of rolling out FTTx services across India. Alphion currently has significant market share of this segment in India and emerging markets and is poised to further expand its position.”
Earlier this year, the private equity fund invested Rs 62.5 crore in Bhopal-based GEI Industrial Systems which manufactures equipment for the energy sector.
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