The investment has been made out of SIDBI's Small and Medium Enterprise Growth Fund, which has a total corpus of Rs 500 crore, and marks the 21st investment from this fund, SIDBI Venture Capital's Chief Executive Officer Ajay Kumar Kapur told reporters here.
"Through the SME Growth fund, we aim to help small and medium companies to accelerate their business growth. The investment in Centaur will fetch us a significant minority stake in the company," Kapur said.
The fund had attracted investments from a total of nine investors, including SIDBI, he said.
Other investors include Bank of Baroda, Bank of India, Corporation Bank, State Bank of India, Punjab National Bank and Oriental Bank of Commerce.
SVCL had also launched a national fund for software and IT to invest in companies operating in these segments. It has a corpus of Rs 100 crore and has been deployed fully, Kapur said.
Centaur Group runs two companies
