ALFA plans to utilize the investment for further expanding the manufacturing capacities, meet the working capital requirements and expand to sub-Sahara African and SAARC countries.
CCube Angels Network, Singapore based angel investing network and a group of investors have invested Rs 5.47 crores (SG $1,024,692.31) in ALFA Transformers Limited, a Public Limited BSE listed Company, engaged in manufacturing of Power and Distribution Transformers for more than 30 years. ALFA plans to utilize the investment for further expanding the manufacturing capacities, meet the working capital requirements and expand to sub-Sahara African and SAARC countries.
ALFA has reciprocated investor’s faith in company’s business strategies by inviting Vipin Aggarwal, who has over 20 years of experience in Fund Management, Fund Raising, Real-Estate, and Capital Markets, to join the board as a Director. On the investment and on-boarding, Vipin Aggarwal, Principal – CCube Angels Network said, “We at CCube Angels believe that ALFA Transformers offerings have great potential as we can see the increasing demand for amorphous transformers. ALFA Transformers has a rich experience in its industry, has great potential to expand globally.”
He further added that “The company has seen a shift from legacy transformers to amorphous transformers, which is a true example of the company’s broad mindset towards adopting new technologies and achieving the next level. We hope that the current investment will assist ALFA to further achieve its goals.”
ALFA has also invited Rahul Gupta as an Independent Director to its board for further enriching the management. Commenting on this, Gupta said, “ALFA Transformers has the capability to feed India’s growing need for amorphous transformers and I am happy to join the management to share my experiences and guide them accordingly.”
As a ‘Mentroprenuer’ Rahul started mentoring passionate individuals by becoming an angel investor in their organizations. Today, as a technologist and venture capitalist, he has an equity stake in more than 15 organizations ranging from organic dairy to companies in next-generation technology solutions. Some of the known brands that he has invested in are SAAS Focus, Himalayan Creamery, Dimensions NXG, Printland.in, Maple Assist etc. He is also an independent board member with QAI, Compugain, Aro Granite and Softech Engineer.
Source: BW Disrupt
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