JM Financial Private Equity, family offices invest Rs 90 cr in GGEPIL

Mumbai, Apr 22 (PTI) Green Gene Enviro Protection and Infrastructure (GGEPIL), an environmental infrastructure company, on Wednesday said it has raised Rs 90 crore from JM Financial Private Equity, SRF family office and other investors.

GGEPIL is engaged in the collection, treatment, and processing of hazardous waste generated from different manufacturing sectors such as chemicals, pharmaceuticals, agro chemicals, automotive, etc., and helps turn such waste into alternative energy.

Vinit Rai, managing director at JM Financial Private Equity, said that there is significant long-term potential in the GGEPIL as environmental regulations tighten and demand for responsible waste management is on the rise.

JM Financial Private Equity invested through its JM Financial India Growth Fund III, a sector-agnostic fund, through which it has made eight bets, including API Holdings, Bighaat Agro, Silveredge Technologies, Energy Beverages, Modish Tractoraurkisan, Asquare Foods and Beverages, and The Bear House. It has fully exited from Aarman Solutions. PTI MSU AA DRR