India-based Axis Bank Ltd.'s private equity division, Axis PE, has invested Rs 75 crore and Rs 67 crore in Neesa Leisure Limited and Corrtech International Pvt. Ltd respectively.

Neesa Leisure develops and operates resorts and hotels under the 'Cambay' brand name. While, Corrtech is an Ahmedabad-based company involved in a number of high-growth business segments linked to oil and gas transportation infrastructure, repair and service of gas turbines.

Axis PE's strategy is to invest in companies involved in infrastructure development like transport, energy, oil and gas pipelines, urban infrastructure and development of hotels.

The two investments come close after Axis PE making an investment of Rs 120 crore in Delhi-based railway line manufacturer Harish Chandra India Limited (HCIL), earlier this month.

HCIL builds tracks, bridges, roads and does electrification work for the railways and has orders worth Rs 1200 crore.