Intel Corporation’s Intel Capital announced that it has invested $ 23 million in three Indian firms namely July Systems, KLG Systel and MCX.

As reported earlier, July Systems is a mobile internet solutions company while KLG Systel provides smart grid and energy management and efficiency solutions to power utilities and end-users. MCX is a commodity futures electronic exchange.

 “Intel Capital’s investment in July Systems, KLG Systel and MCX reinforces our commitment towards fostering Indian innovation,” said Arvind Sodhani, president of Intel Capital and Intel executive vice president. “We believe that India is poised for the next phase of growth. Intel Capital’s investment will help with global resources, knowledge and expertise to assist these companies with their growth and success.”

Commenting on the investments, Sudheer Kuppam, managing director, Intel Capital Asia Pacific, stated: “Investing in electronic financial exchanges, smart grid technology solutions and mobile Internet-enabling technology platforms demonstrates Intel Capital’s strong commitment to India’s on-going infrastructure build-out, as aligned with the national agenda.  Investing in entrepreneurship within technology sectors vital to the growth of the country will continue to characterize Intel Capital’s activities in India over the medium term.”

Intel Capital has invested over $ 200 million in Indian firms since 1998.