Key Takeaways
- • Piramal Alternatives, the fund management arm of the Piramal Group, invested nearly $14 million (Rs 135 crore) in Q&Q Solutions India Pvt Ltd through its India Credit Opportunities Fund II.
- • The capital will fund capacity expansion, manufacturing capability upgrades, and strategic growth initiatives, including organic and acquisition-led growth.
- • Q&Q Solutions, founded in 2018 and headquartered in Coimbatore, makes mission-critical components for global OEMs in the energy and industrial sectors.
- • The deal is the seventh deployment by India Credit Opportunities Fund II, a sector-agnostic fund targeting high-growth, mid-market companies with a three-to-four-year investment horizon.
Summary
Piramal Alternatives, the fund management arm of the Piramal Group, announced on Thursday that it has invested nearly $14 million (Rs 135 crore) in Q&Q Solutions India Pvt Ltd via its India Credit Opportunities Fund II, according to the company's statement.
The investment is intended to support Q&Q's capacity expansion, strengthen its manufacturing capabilities, and fund strategic growth initiatives. Founded in 2018 and based in Coimbatore, Q&Q manufactures complex, mission-critical components for original equipment manufacturers across the energy and industrial sectors.
Gnanasekaran (Gnan), Managing Director of Q&Q Solutions India Private Limited, said the funding will help the company expand capacity, strengthen infrastructure, and advance manufacturing capabilities. He added that it will also support growth through organic and strategic acquisitions as the company builds what he described as a world-class, backward-integrated precision engineering business to meet rising global demand and serve its OEM partners across multiple domains.
The transaction marks the seventh deployment by India Credit Opportunities Fund II, a sector-agnostic fund that backs high-growth, mid-market companies with an investment horizon of three to four years.
The investment is intended to support Q&Q's capacity expansion, strengthen its manufacturing capabilities, and fund strategic growth initiatives. Founded in 2018 and based in Coimbatore, Q&Q manufactures complex, mission-critical components for original equipment manufacturers across the energy and industrial sectors.
Gnanasekaran (Gnan), Managing Director of Q&Q Solutions India Private Limited, said the funding will help the company expand capacity, strengthen infrastructure, and advance manufacturing capabilities. He added that it will also support growth through organic and strategic acquisitions as the company builds what he described as a world-class, backward-integrated precision engineering business to meet rising global demand and serve its OEM partners across multiple domains.
The transaction marks the seventh deployment by India Credit Opportunities Fund II, a sector-agnostic fund that backs high-growth, mid-market companies with an investment horizon of three to four years.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.