HCIN Networks, a prominent networking solutions provider, has successfully raised approximately INR 12.5 crore in equity funding. The funding round was led by Swastika Investmart Ltd., showcasing a growing investor interest in the company’s innovative offerings.
Ankit Mittal, Vijay Khetan, Executive Director, Param Capital, Ageless Capital, MSB E-Trade Securities, and other High Net Worth Individuals (HNIs) have participated in this investment round, underlining the confidence in HCIN Networks’ vision and capabilities.
Vikas Sharma, Executive Director of HCIN Networks, expressed his enthusiasm about the funding, stating, “We are excited to have secured this funding, which will enable us to drive innovation and extend our reach inside the telecom framework space. The victory of this capital raise shows how much HCIN Networks has accomplished and how much further it can go. We are exceptionally glad the funding has come at the right time as HCIN has consistently rising demand from clients for its services.”
Established in August 2019 by Vikas Sharma and Shalini Sharma, HCIN Networks specializes in providing a wide range of IT services, including IT system integration, managed services, data center solutions, IT security, and internet service provisions. With its headquarters in Bengaluru and branch offices in Hyderabad, Chennai, and Noida, HCIN Networks has steadily expanded its presence across key markets.
Sunil Nyati, Managing Director of Swastika Investment Ltd, emphasized HCIN Networks’ strong reputation in the industry and its potential for growth. He stated, “HCIN has gathered a stellar reputation in the industry and with this new investment, the Company is on strong balance to capitalize on its differentiated product and value proposition in the growing industry.”
Highlighting HCIN Networks’ impressive client portfolio, which includes industry giants like Airtel, Indus Tower, ABB, Reliance Retail, and Byju’s, among others, Sunil underscored the company’s robust position in the market. HCIN Networks has secured orders worth over INR 40 crore from various cities, reflecting its steady growth trajectory and market demand for its services.
