Aavishkaar Capital invests INR 43 Crores ($5 million) in Poshs Metal Industries Private Limited (Poshs Metal)
This is the seventh investment from Aavishkaar Capital’s USD 220 Million “Global Supply Chain Support Fund”
Mumbai, April 22, 2025: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) from the Global Supply Chain Support Fund into POSHS Metal Industries Private Limited(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 Mr. 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 opportunitiesand 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 pricewould be their key success driver going forward. 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.”
Stephanie Lindemann-Kohrs, Global Head of Equity and Funds, KfW Development Bank, said,“The primary aim of KfW’s investment into the Global Supply Chain Support Fund on behalf of the German Government is to enhance environmental and social standards in companies that are integrated into European supply chains. With an increasing requirement for reduction in carbon footprint and improved labor conditions in automotive manufacturing, it is imperative to uphold fair labor practices and high environmental standards. The investment procedure of the fund adheres to rigorous environmental and social due diligence, thereby setting elevated standards for its investees.
About Aavishkaar Capital:
Aavishkaar Capital is an Impact fund manager focused on the Global South. A pioneer in taking an entrepreneurship-based approach to scaling businesses for impact, Aavishkaar Capital’s unique approach has resulted in its invested enterprises impacting over 136 million lives Aavishkaar Capital invests high environmental and social impact sectors across India, Emerging Asia, and Africa. Aligned to 13 out of the 17 Sustainable Development Goals, Aavishkaar Capital has successfully raised eight funds, while generating commercial returns with over c. USD 1.5 billion in assets under management.
Aavishkaar Capital is the impact investing arm of the Aavishkaar Group, the impact platform with presence in Microfinance, MSME Lending and ecosystem building across India, Emerging Asia and Africa. Aavishkaar Group with its vision to bridge the opportunity gap for the emerging 3 billion. www.aavishkaarcapital.in
About Aavishkaar Capital’s Global Supply Chain Support Fund:
Global Supply Chain Support Fund is a $220 million managed by Aavishkaar Capital targeting highly impactful businesses operating in global supply chains. The fund primarily invests in non-diluting self-liquidating structures to meet the growth needs of SMEs across Asia and Africa. For more details, you can write to us at gscsf@aavishkaar.in
About Poshs Metal Industries (JAI):
Incorporated in 1990, Poshs Metal specializes in the processing of auto-grade flat steel for Tier 1 automobile manufacturers. Operating as a “steel service centre,” Poshs Metal is an exclusive and authorized steel processing and distribution partner for Tata Steel, maintaining a 25-year long partnership.
The company primarily caters to Original Equipment Manufacturers of major automobile brands, including Tata Motors, Bajaj Auto, Mahindra, Volkswagen, and Volvo. As part of its value chain integration, Poshs Metal customizes steel blanks to match specific OEM tooling requirements, enhancing efficiency and precision. It has expanded its capabilities by offering additional value-added services, such as in-house packaging and scrap processing, benefiting both its clients and competitors.
Poshs Metal has pioneered sustainable steel pallet packaging technology, replacing traditional wooden pallets and thereby enhancing environmental sustainability. Additionally, the company offers scrap processing as a service to its OEM clients by compacting scrap into bricks and selling them to Tata-empaneled scrap vendors.
Poshs Metal is expanding its operations and is establishing a strategic facility in the Aurangabad auto cluster, positioning itself to better serve Bajaj Auto and other key clients.
About KfW:
KfW is a German promotional bank and one of the world’s leading promotional banks. It was founded in 1948 and is 80% owned by the Federal Government and 20% by the federal states. The business sector KfW Development Bank carries out Financial Cooperation (FC) projects with developing countries and emerging economies on behalf of the German Federal Government. KfW Development Bank employs approximately 1,000 people at the head office in Frankfurt am Main and almost 400 specialists at more than 60 international locations, who cooperate with partners all over the world. Their goal is to combat poverty, secure peace, protect the environment and the climate as well as ensure fair globalization. KfW is a competent and strategic adviser for current development policy issues.
