KARAM Safety, India's largest PPE maker, raises ₹600 crore from Motilal Oswal Alternates to fund global M&A and expansion.
Harnesses, lanyards and safety helmets rarely make headlines.
On Wednesday, they did.
KARAM Safety Private Limited, India's largest fall-protection and personal protective equipment (PPE) company, has raised ₹600 crore from Motilal Oswal Alternates, the private equity arm of Motilal Oswal Financial Services.
The cheque comes from India Business Excellence Fund V (IBEF V), which closed at ₹8,500 crore in February this year.
KARAM is the fund's fifth investment.
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