CIMCON Software Pvt. Ltd., a leading provider of automation solutions for water, lighting, and oil & gas infrastructure, has secured a ₹52-crore funding round led by SEBI-registered investment firm Niveshaay through its Category II AIF, Niveshaay Sambhav Fund.
The fresh capital will support CIMCON’s plans to strengthen working capital, provide collateral support for large Operations & Maintenance (O&M) contracts, and expand its capacity in utility automation and digital infrastructure. The company also intends to enhance manufacturing capabilities, scale delivery operations across India and global markets, and solidify its position as a key enabler of India’s smart utility transition.
The round also included participation from Vivek Jain (Action Tesa, GrowthSphere), Saket Agarwal (ex-Apollo Pipes & Apollo Tricoat), Ayush Mittal (Co-founder, Screener.in), and SEBI-registered AIF Finavenue. Equirus Capital served as the financial advisor for the transaction.
Strategic Focus of the Investment
The Niveshaay Sambhav Category II Fund is designed to back founders and businesses with long-term, conviction-driven capital, targeting small and mid-sized companies across energy transition, manufacturing, defence, technology, and consumer sectors. Its current portfolio includes investments in Kotsons Pvt Ltd, Innovist, Mokobara, Smallcase, Srichakra Polyplast, and XYXX.
Arvind Kothari, Founder and Fund Manager at Niveshaay, said:
“CIMCON has built a strong foundation in automation with its RTUs, SCADA systems, and O&M expertise, addressing critical operational needs for water utilities and other infrastructure. This sector is vital for India’s transition to smarter, data-led systems, and CIMCON is positioned to play a major role in that transformation.”
Anil Agarwal, Founder & CEO of CIMCON Software, added:
“This investment is a pivotal step as we accelerate our mission to digitise critical infrastructure at scale. By combining decades of operational experience with AI and IoT, we are reimagining how water, lighting, and smart city networks operate efficiently across India and beyond.”
About CIMCON Software
CIMCON Software designs and manufactures its own Remote Terminal Units (RTUs) and develops proprietary SCADA software, enabling utilities and EPC partners to manage infrastructure more efficiently. Approved in over 11 states, the company expects FY25 revenue of around ₹100 crore with EBITDA margins above 30%.
About Niveshaay
Niveshaay, based in Surat, partners with scalable Indian businesses across sectors including energy transition, manufacturing, defence, technology, and consumer products. Its portfolio includes Sambhv Steel Tubes Limited, Smallcase, Kimbal Private Limited, SriChakra Polyplast, Mokobara Lifestyle, and Onesto Labs (Innovist). Through strategic investments like CIMCON, Niveshaay supports digital transformation, infrastructure development, and long-term value creation in India’s emerging sectors.
By: Arushi Agarwal
