Paul Arithi 
- Aavishkaar Capital’s Global Supply Chain Support Fund invests USD 5 Million in Poshs Metal
‘Global Supply Chain Support Fund, managed by Aavishkaar Capital (Aavishkaar), an Aavishkaar Group company and a global pioneer in taking an entrepreneurship-based approach to scaling businesses for impact, and set up in partnership with KfW , a German state-owned development bank, announced their seventh investment of INR 43 Crores (5 Million USD) into POSHS METAL INDUSTRIES PVT LTD(Poshs), specializes in the processing of auto-grade flat steel.
Global Supply Chain Support Fund is a USD 220 Mn fund from Aavishkaar Capital, focused on investing in Asia and Africa with the mandate of supporting SMEs operating in global supply chains and committed to producing their products and services in an environmentally sustainable and socially inclusive manner.
The Fund seeks to deliver commercially viable financial returns alongside positive social impact.
Set up in 1998 by Ashok Kapoor, Poshs Metal Limited (Poshs Group) specializes in auto grade steel processing in the Western India. Poshs Group caters to some of the top MNCs in the automotive sector.
POSHS Metal Industries is an exclusive and authorized steel processing and distribution partner for Tata Steel in Western India, with a relationship spanning 25 years.
Commenting on the investment, 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.
The support from our investors reflects their confidence in our vision, and we look forward to accelerating our expansion plans.”
Abhishek Mittal, Partner-Credit, Global Supply Chain Support Fund, Aavishkaar Capital, said, “We are excited to invest in Poshs Metal Industries and support their next phase of growth through a state-of-the-art processing facility in Aurangabad to further establish themselves as a leading value-added steel processing business for Western India.
The Indian auto sector is expected to see a mix of opportunities and challenges with the advent of electric vehicles, sustainable mobility and technological advancements, while also facing increasing competition, global headwinds and rising costs.
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 products on time at a competitive price would be their key success driver going forwar
Through the Global Supply Chain Support Fund, Aavishkaar Capital is proud to partner with POSHS Group, and look forward to empowering more such businesses with non-dilutive and flexible financial solutions that are better aligned with their growth ambitions.”
