Aavishkaar Capital’s “Global Supply Chain Support Fund” invests $5M in Poshs Metal
The Global Supply Chain Support Fund, managed by Aavishkaar Capital in partnership with Germany’s development bank KfW, has invested Rs 43 crore ($ 5 million) in POSHS Metal Industries Private Limited. POSHS is involved in processing auto-grade flat steel.
This marks the Fund’s seventh investment. With a total corpus of $ 220 million, the Global Supply Chain Support Fund focuses on supporting SMEs in Asia and Africa that are part of global supply chains and are working towards environmentally and socially responsible production.
Founded in 1998 by Ashok Kapoor, POSHS Metal Limited (Poshs Group) focuses on processing auto-grade steel in Western India and serves several major multinational automotive companies. It has been the exclusive processing and distribution partner for Tata Steel for over 25 years.
On the recent investment, Asheer Kapoor, Promoter and Director at Poshs Metal, said, the funding comes at a pivotal time as the company expands operations in Aurangabad. He noted that the increased capacity will improve customer service and reinforce the company’s commitment to quality and innovation, with investor backing reflecting strong support for its long-term vision.
Abhishek Mittal, Partner–Credit at the Global Supply Chain Support Fund, Aavishkaar Capital,…
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