Aavishkaar Capital to inject Rs 43 Cr into Poshs Metal
Aavishkaar Capital has announced a key investment of Rs 43 Crore ($5 million) in Poshs Metal Industries Pvt Ltd, marking its seventh investment from the Global Supply Chain Support Fund. This move aims to strengthen Poshs Metal’s position in the auto-grade steel sector and support its expansion plans.
Aavishkaar’s ongoing commitment to global supply chains
The Global Supply Chain Support Fund which is backed by Aavishkaar Capital and KfW, focuses on investing in businesses that are committed to environmental sustainability and social inclusivity. With a total value of USD 220 million, the fund aims to support SMEs in Asia and Africa to scale their operations while delivering both financial returns and positive social impact.
Poshs metal’s growth and future plans
Founded in 1998, Poshs Metal specialises in processing auto-grade flat steel and is a key supplier to top multinational automotive companies. The company has a long-standing relationship with Tata Steel in Western India. With this investment, Poshs Metal plans to expand its processing facility in Aurangabad, enhancing production capacity and efficiency.
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