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Mefron Technologies, an electronics design and manufacturing services company in Ahmedabad, has raised its first private equity round from Motilal Oswal Principal Investments and India SME Investments for an undisclosed amount. The funding will be utilized to expand manufacturing capacity, enhance automation processes, and drive business development.

Mefron aims to address industry challenges and accelerate growth in European and North American markets. Motilal Oswal and India SME Investments bring expertise in supporting scalable manufacturing businesses, with a focus on differentiating Mefron in the competitive electronics manufacturing sector.