IMK Capital, a private equity firm, has recently invested in AITMC Ventures Pvt Ltd (AVPL) at a valuation of 500 crore rupees. AVPL is a technology company focusing on vocational training and skill development, with a particular emphasis on promoting self-employment by training drone pilots to assist farmers in 660,000 villages in India. The company aims to establish 33 centers of excellence for agriculture and drone training both in India and abroad.
The investment from IMK Capital will enable AVPL to accelerate its growth and expansion plans, enhance its product offerings, and bolster its research and development efforts. With the firm’s expertise and network, AVPL can leverage its technological expertise to expand into new markets and become a market leader in the logistics technology sector.
Mayank Singhvi, CEO of IMK Capital, expressed his excitement about the partnership, stating that AVPL’s deep expertise, customer-centric approach, and innovative solutions impressed them. He believes that the investment will unlock new growth opportunities for AVPL and help the company reach its full potential.
AVPL’s mission is to promote self-employment and progressive farming by empowering young people to take up entrepreneurship as a full-time career, creating employment opportunities through skill development, and promoting startups in agriculture and allied sectors. The company has partnered with several PSUs, and national and international organizations, including EDCIL India Limited, TCIL, ITI Limited, and The Bharat Scouts and Guide.
AVPL aims to bring social transformation through digitalization while promoting the Skill India, Make in India, Digital India, and Startup India missions. The company is ISO certified, registered with NITI AAYOG and Startup India, and has partnered with different Startup India-recognized startups to help farmers increase their daily income and improve their lives.
In a short period, AVPL has trained over 100,000 candidates with an 82% reported placement record. The company has several accreditations, including being a Training Provider with the National Skill Development Corporation (NSDC) and Haryana Skill Development Mission, a Project Implementing Agency with DDU-GKY (Ministry of Rural Development), and a registered Training Partner with various state governments and sectors skill councils. The company’s trained candidates have had the opportunity to receive certificates from the Honorable Prime Minister of India, Shri Narendra Modi Ji, at Silvassa in Daman & Dadra Nagar Haveli.
IMK Capital is a leading private equity firm that invests in high-growth companies across various sectors, including technology, healthcare, and consumer goods. With a proven track record of partnering with visionary entrepreneurs and management teams, IMK Capital has a deep understanding of the Indian market and a strong network of industry connections.
Overall, the investment from IMK Capital is expected to provide AVPL with the necessary resources to expand and make a positive impact on India’s vocational training and skill development industry. AVPL’s vision of promoting self-employment and progressive farming aligns well with the government’s initiatives, and the company’s innovative solutions and partnerships have the potential to revolutionize the logistics and supply chain industry.
