Motilal Oswal Alternates Invests ₹600 Crore in KARAM Safety for Global M&A Push
KARAM Safety, India's largest PPE maker, raises ₹600 crore from Motilal Oswal Alternates to fund global M&A and expansion.
In a surprising move, KARAM Safety Private Limited, India's leading fall-protection and personal protective equipment (PPE) company, has secured ₹600 crore investment from Motilal Oswal Alternates, the private equity arm of Motilal Oswal Financial Services. The funding, sourced from India Business Excellence Fund V (IBEF V), will be used for strategic acquisitions, innovation, manufacturing, and expanding its global distribution network.
KARAM Safety, founded in 1998, boasts over 3,800 certified products and operates in six countries with a workforce of more than 4,500 employees. The company's products have met the standards of almost every global safety certification agency, making it a sought-after brand in international markets. For Motilal Oswal Alternates, this investment aligns with its strategy of investing in niche manufacturing.
The PE fund, managing ₹30,000 crore across various sectors, sees KARAM's strength in R&D, manufacturing, and international distribution as a major advantage. The investment comes at a time when India is emerging as a credible global hub for high-quality safety and industrial products.
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