Poshs Metal Industries bags ₹43 cr in Aavishkaar Capital
POSHS Metal Industries Private Limited (Poshs) has received a ₹43 crore ($5 million) investment from the Global Supply Chain Support Fund, managed by Aavishkaar Capital (Aavishkaar) and set up in partnership with German state-owned development bank KfW. This is the seventh investment from the $220 million fund which support SMEs operating in global supply chains across Asia and Africa.
Poshs Metal Limited (Poshs Group) which was established in 1998 by Ashok Kapoor, specialises in auto-grade steel processing in Western India. It serves Original Equipment Manufacturers (OEMs) of automobile brands including Tata Motors, Bajaj Auto, Mahindra, Volkswagen, and Volvo.
In response to the current funding, Asheer Kapoor, Promoter & Director, Poshs Metal, said, “This funding marks a crucial step in our growth journey as we expand our footprint in Aurangabad. The enhanced production capacity will allow us to serve our customers more efficiently while reinforcing our commitment to innovation and quality.”
Abhishek Mittal, Partner-Credit, Global Supply Chain Support Fund, Aavishkaar Capital, added, “The company’s strong focus on Environmental, Social, and Governance (ESG) practices through minimum wastage and efficient logistics and a customer-centric approach to deliver quality…
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