HCIN Networks Secures Funding to Expand Telecom Infrastructure Solutions

Vikas Sharma-Executive Director of HCIN Networks
Preeti Bali / 10:27 am / April 23, 2024

HCIN Networks, a leading provider of telecom infrastructure solutions, has secured a significant investment of approximately INR 12.5 crore ($1.5 million) in equity funding. Swastika Investmart Ltd. spearheaded the funding round, highlighting the growing investor confidence in HCIN’s innovative offerings.

Leading Investors Support HCIN Networks in the Most Recent Funding Round

The investment round also saw participation from prominent figures like Ankit Mittal, Vijay Khetan (Executive Director, Param Capital), Ageless Capital, MSB E-Trade Securities, and several high-net-worth individuals (HNIs). This widespread participation underscores the strong belief in HCIN Networks’ vision and capabilities.

“We are thrilled to secure this funding,” said Vikas Sharma, Executive Director of HCIN Networks. “We will be able to expand our market penetration and foster more innovation in the telecom infrastructure industry thanks to this funding.. This successful funding round is a testament to HCIN Networks’ achievements and future potential. It arrives at a perfect time, as we experience consistently rising demand for our services from clients.”

HCIN Networks: Since 2019, Providing Complete IT Solutions to Businesses

Founded in August 2019 by Vikas Sharma and Shalini Sharma, HCIN Networks offers a comprehensive suite of IT services. This includes IT system integration, managed services, data center solutions, IT security, and internet service provisioning. Headquartered in Bengaluru with branch offices in Hyderabad, Chennai, and Noida, HCIN Networks has established a strong presence across key markets.

Swastika Investment Ltd.’s Managing Director, Sunil Nyati, emphasized HCIN Networks’ well-deserved reputation and promising growth potential. “HCIN has built an excellent reputation within the industry,” Nyati stated.”This new speculation reinforces the organization’s situation to gain by its extraordinary item contributions and offer in a quickly developing business sector.”

Sunil further highlighted HCIN Networks’ impressive client portfolio, which boasts industry giants like Airtel, Indus Tower, ABB, Reliance Retail, and Byju’s. This underscores the company’s strong market position. HCIN Networks has also secured orders exceeding INR 40 crore across various cities, reflecting their steady growth trajectory and the high demand for their services.

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