Hyderabad / New Delhi: Led by visionary entrepreneur Rohit Sethi, Invincible US Infrastructure Pvt. Ltd. has, in a span of just five years, evolved from a small-scale engineering venture into a diversified infrastructure platform. The company is now preparing to enter its next phase of growth with plans to raise ₹100 crore as it converts into a public limited company, according to people familiar with the matter.
The proposed fundraise comes at a time when the capital goods and infrastructure cycle in India is witnessing renewed momentum, driven by sustained government capex, private investment and rising demand for domestically manufactured equipment.
Five Years of Execution-Led Growth
Founded in 2021, Invincible US Infrastructure’s rapid scale-up has been driven by a focus on asset creation, execution discipline and capital efficiency under Rohit Sethi’s leadership. Over five years, the company has built manufacturing capacity, added heavy engineering capabilities and established itself across cement, steel, power and industrial infrastructure segments.
Today, the company reports an estimated net worth of approximately ₹78 crore, reflecting balance-sheet-led growth rather than speculative expansion.
Strong Balance Sheet Enables Larger Raise
Market participants note that the planned ₹100-crore capital raise is not disproportionate to the company’s current net worth but instead reflects a strategic scale-up phase.
Net worth represents accumulated equity and assets built over time, while fresh capital is intended to fund future growth opportunities. By transitioning from a private limited to a public limited structure, Invincible US Infrastructure will be able to access a wider pool of institutional and strategic investors, enhance governance standards and create long-term capital market optionality.
“The conversion to a public limited structure is aimed at supporting larger capital deployment and long-gestation infrastructure assets,” said a person close to the development.
Capital Goods Tailwinds
Invincible operates in the heavy engineering and fabrication space, supplying equipment and structural systems to sectors such as cement, steel, power and industrial plants. The capital goods segment has emerged as a key beneficiary of India’s infrastructure push, with improving order inflows and utilisation levels.
Unlike gold and silver, which have remained volatile amid global macro uncertainty, demand for capital goods is directly linked to infrastructure execution on the ground. Industry observers also believe that concerns around potential virus-related disruptions in parts of Asia are unlikely to materially impact Indian manufacturing units, given localised supply chains and operational resilience.
Strategic Pivot: Solar and Data Centres
Under Sethi’s leadership, the company is now expanding beyond manufacturing into solar power generation and data centre infrastructure, marking a strategic shift toward asset-backed, annuity-style businesses.
Invincible has already initiated small-scale solar projects and is now scaling up investments in both captive and utility solar capacity. This expansion is being closely aligned with its entry into data centres, a segment increasingly viewed as core digital infrastructure.
Data centres are secure facilities that house servers and networking equipment powering cloud computing, digital payments, banking systems, e-commerce platforms and enterprise IT operations. With India’s data consumption growing rapidly, demand for such infrastructure continues to rise.
From a revenue perspective, data centres are characterised by 10–15 year non-cancellable leases, predictable rentals charged per rack or per megawatt of IT load, and built-in annual escalation clauses.
Solar Integration Strengthens the Business Case
Power constitutes the single largest operating cost for a data centre, accounting for up to 50–60% of expenses. By integrating solar power into the data centre ecosystem, Invincible aims to reduce energy costs, stabilise margins and enhance cash flow visibility.
Captive solar generation also helps hedge against grid tariff volatility and improves debt servicing metrics, making the model more attractive to lenders and long-term investors.
Bankable, Asset-Backed Expansion
The proposed ₹100-crore fundraise is expected to be structured through equity or equity-linked instruments, with debt introduced only after revenue visibility is established. This approach supports a prudent leverage profile while funding long-gestation infrastructure assets.
Leveraging its in-house engineering, fabrication and project execution capabilities, Invincible is positioned to control construction costs and timelines more efficiently than pure-play developers.
Outlook
With a ₹78-crore net worth built in five years, a planned ₹100-crore capital raise, and a strategic expansion into solar-powered data centres, Invincible US Infrastructure is transitioning from a project-driven manufacturing company into a hybrid infrastructure platform with recurring revenues.
An official announcement on the fundraise and restructuring is expected in the coming months. Industry watchers will be closely tracking how the company executes this next phase under Rohit Sethi’s leadership, as India’s infrastructure and digital economy enter a decisive growth.