Aavishkaar Capital has committed ₹43 crore (approximately $5 million) to Poshs Metal Industries Pvt Ltd, marking a significant milestone as its seventh investment under the Global Supply Chain Support Fund. This strategic move is set to bolster Poshs Metal’s presence in the auto-grade steel segment and fuel its expansion initiatives.
Strengthening Global Supply Chains with Sustainable Investments
The Global Supply Chain Support Fund, supported by Aavishkaar Capital and KfW, is dedicated to backing enterprises that prioritize environmental sustainability and social inclusivity. With a corpus of USD 220 million, the fund aims to empower small and medium-sized businesses across Asia and Africa, promoting scalable growth while achieving both financial returns and meaningful social impact.
Poshs Metal’s Journey and Future Aspirations
Established in 1998, Poshs Metal specializes in the processing of auto-grade flat steel and is a trusted supplier to leading multinational automotive companies. The company enjoys a longstanding partnership with Tata Steel in Western India. The recent infusion of capital will enable Poshs Metal to expand its processing facility in Aurangabad, significantly boosting production capacity and operational efficiency.
Accelerating Growth and Innovation
Asheer Kapoor, Promoter and Director of Poshs Metal, emphasized that the investment will catalyze the company’s growth and further strengthen its commitment to innovation and quality.
Abhishek Mittal, Partner-Credit at Aavishkaar Capital, highlighted the strategic relevance of this partnership, noting that Poshs Metal’s strong Environmental, Social, and Governance (ESG) focus and competitive delivery model position it well for success in India’s evolving automotive sector.
Stephanie Lindemann-Kohrs from KfW also underscored the importance of maintaining high environmental and labor standards within the automotive supply chain, aligning with the broader mission of the Global Supply Chain Support Fund.
