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Founded in 1998, KARAM Safety will use the capital infusion to bolster product R&D, expand manufacturing capacities, and pursue strategic inorganic acquisitions across global markets.
Private equity firm Motilal Oswal has made a strategic investment in KARAM Safety, an Indian leader in occupational safety and PPE manufacturing. The Rs 600 crore ($63 million) deal, as part of Motilal Oswal's India Business Excellence Fund V, will fuel product development, expand production capacities, and pursue global acquisitions.
This significant funding underscores the growing private equity interest in industrial safety and specialized manufacturing, driven by stringent global safety regulations, sustained industrial capital expenditures, and India's rising prominence as a high-quality manufacturing center.
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