Narayana Murthy’s Catamaran Invests in Pune-based Sedemac Mechatronics

Infosys founder Narayana Murthy's family office, Catamaran, has invested in Sedemac Mechatronics, a Pune-based automotive electronics and electrical components maker reports Economic Times. This investment comes as part of a secondary transaction, where an early investor exited, and Catamaran joined the cap table.

Sedemac specializes in precision manufacturing for automotive applications, supplying components for small engines, electric vehicles, and e-bikes. The company has partnerships with major OEMs like Hero MotoCorp, Mahindra Group, and TVS.

This move aligns with Catamaran's broader strategy of backing intelligent manufacturing startups, focusing on robotics, predictive analytics, and maintenance. There's also speculation about a potential IPO worth ₹800-1,000 crore in the near future.

Sedemac Mechatronics was founded in 2007 by Manish Sharma, Amit Dixit, Shashikanth Suryanarayanan, and Pushkaraj Panse . The company originated from research at IIT Bombay and has since grown into a key player in automotive electronics and electrical components.

Sedemac Mechatronics has come a long way since its founding in 2007. Initially, it emerged from IIT Bombay research, focusing on fuel injection systems for two- and three-wheelers 1. Over time, it expanded into powertrain controls, sensor-less technology, and electric vehicle components, securing partnerships with major OEMs like Mahindra, TVS, and Hero MotoCorp.

By 2010, the company faced challenges breaking into top-tier OEMs but gradually built credibility through innovative engine control solutions. It later introduced diesel engine variants, earning trust from heavy-duty vehicle manufacturers like Kirloskar and Mahindra & Mahindra.

Fast forward to 2024, Sedemac has grown into a ₹2,000 crore company, raising $100 million to scale its operations 2. It continues to focus on deep-tech solutions, particularly in electric vehicles and predictive analytics, reinforcing its position as a global supplier of automotive electronics.

Catamaran, Narayana Murthy's family office, has backed around 28 private firms across technology, manufacturing, deep tech, and e-commerce. Some notable investments include:

• Acko - A digital insurance startup.
• Udaan - A B2B e-commerce platform.
• PaperBoat - A beverage brand known for traditional Indian drinks.
• SpaceX - Yes, Elon Musk's aerospace company!
• Eton Solutions - A cloud-based software services firm for family offices.

Catamaran has been expanding its portfolio with intelligent manufacturing startups, focusing on robotics, predictive analytics, and maintenance.