Motilan Oswal Alternates, the private‑equity arm of the Indian brokerage house, announced a Rs 600 crore investment in KARAM Safety Ltd, a leading manufacturer of occupational safety equipment. The capital infusion is earmarked for strategic acquisitions that will broaden KARAM’s product portfolio, incorporate advanced safety technologies, and accelerate its entry into international markets.
KARAM Safety, founded in 1995, supplies a range of personal protective equipment (PPE) such as helmets, gloves, and respiratory masks to sectors including construction, oil and gas, and manufacturing. The company has reported a compound annual growth rate of 18% over the past five years, driven by rising safety regulations and heightened corporate focus on worker protection.
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The Rs 600 crore funding will be deployed through a mix of equity and convertible instruments, giving Motilal Oswal Alternates a significant minority stake. Management has identified target segments in Europe and Southeast Asia where demand for high‑specification PPE is expanding, and plans to acquire firms that complement its existing line‑up, particularly in smart‑sensor‑enabled gear and fire‑resistant apparel.
Industry analysts note that the deal aligns with a broader trend of private‑equity firms backing Indian manufacturing firms to scale globally. The infusion is expected to double KARAM’s R&D budget, enabling the development of next‑generation safety solutions that integrate IoT connectivity for real‑time hazard monitoring.
Regulatory filings show that the transaction received approval from the Securities and Exchange Board of India (SEBI) and is subject to standard antitrust clearance. The companies anticipate closing the deal by the end of the quarter, after which KARAM will commence its first wave of overseas acquisitions.
