Chanakya Opportunities Fund backs Polite Powertech in pre-IPO round

Chanakya Opportunities Fund I, SME-Exchange focused Alternative Investment Fund (AIF) under Steptrade Capital, has made a strategic investment in Polite Powertech, a player in the power transmission and distribution space.

The fund led a Rs 20 crore pre-IPO round by contributing over 15% of the total capital raised. 

Polite Powertech, formerly known as Patel Electricals, is led by Yogesh Patel and has over 15 years of experience in…