GVFL, India’s pioneer Venture Capital Company today announced an investment of Rs. 40 million in Sahajanand Laser Technology Limited, India’s one of the largest manufacturers of Laser Systems for Diamond Industry.GVFL will make the investment from its Rs. 296 million Gujarat IT Fund. Sahajanand Laser Technology based in Gandhinagar will be utilizing the funds in the expansion of their range of high – end laser machines.
“Picking up innovative technology companies early and nurturing them to leadership is GVFL’s forte. Sahajanand Laser pioneered the laser technology for diamond industry in India. With India emerging as “the global destination for diamond cutting and adding value to small and very small diamond “roughs”, Sahajanand has the potential to become a definite winner with GVFL’s effective nurturing and constant support,” says Mr. Vishnu Varshney, CEO of GVFL Ltd.
Sahajanand Laser is the 61st investment being made by GVFL in innovative technology companies across India.
“Sahajanand Laser is the first Indian Company to introduce a Fiber Laser Machine in India. We have ushered a revolution in the development of laser systems for diamond industry and feel that with GVFL’s support we can kick-start our expansion growth exponentially,” adds Mr. Arvind Patel, Managing Director of Sahajanand Laser. Mr. Patel is a renowned technologist known for his inventions in the field of Laser Machines. He has several patents to his credit and has also received many national awards for his innovative laser technology.
Source: Money Control