StepTrade’s Chanakya Opportunities Fund is leading the way in investing in optimized solutions

VMPL

Ahmedabad (Gujarat) (India), August 6: Chankya Opportunities Fund I, a SEBI registered Category II alternative investment fund managed by StepTrade Share Services, has made a significant investment in digital transformation and product engineering company Optimised Solutions Limited. The investment entails a total allotment of 2,73,224 equity shares.

Ahmedabad-based Optimised Solutions specialises in providing test, measurement and automation solutions tailored to the needs of aerospace and defence companies. The funds will be used by the company to enhance its expertise in delivering advanced automation solutions, embedded software solutions, IoT and digital transformation. An industry player for over 18 years, Optimised Solutions plans to file for an IPO in 2025-26. Its offerings are designed to meet the industry requirements in these high-stakes sectors.

This investment reinforces StepTrade’s role in the development of the SME sector. “With this investment, StepTrade is not only supporting promising SMEs but also contributing to the broader growth of the aerospace and defence sectors by encouraging the government to favour this sector (last budget allocation of Rs 4.6 lakh crore),” said CA Kresha Gupta, Director and Fund Manager, StepTrade Share Services.

As Investment Manager of Chanakya Opportunities Fund I, StepTrade manages its own SEBI registered AIFs in categories I, II and III and also provides Portfolio Management Services (PMS). The consistent performance of these funds in the market since their inception underlines StepTrade’s sound investment strategy and effective fund management, instilling confidence among stakeholders and investors.

StepTrade Share Services Private Limited recently received approval from the Special Economic Zone (SEZ) to set up a Global Fund office in GIFT City, Gandhinagar. The Rs 1,000 crore India-focused fund is expected to be launched soon after the approval of the scheme. This strategic move marks a significant development in the financial landscape, especially in the SME- Exchange space as the fund will focus on Small Cap and Micro Cap companies.

About StepTrade Share Services:

Ahmedabad-based StepTrade Share Services, founded by CA Kresha Gupta, aims to help investors unlock the potential of small and medium-sized businesses. It has developed its expertise to become a trusted leader in the financial services industry, guiding investors to success since 1993. The company’s ethos has been built on the understanding that every investor has unique needs. Its dedicated team of experienced professionals is committed to building strong relationships and developing personalized investment solutions. The company leverages its expertise to help investors navigate the ever-changing market and achieve their financial goals.

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First published: August 6, 2024 | 1:20 PM IST