Indivision, Future Capital’s private equity arm, has invested Rs 100 crore in Delhi-based Interarch Building Products, India’s largest metal building manufacturer and integrated building solutions provider. The quantum of stake picked up, however, could not be ascertained.
Interarch, which has built Tata Motor’s Singur factory, e-choupals for ITC and petrol pumps for Reliance Industries, has a turnover of over Rs 450 crore.
Interarch Building Products founder and CEO Arvind Nanda said, “The investment will enable us to scale up our business to meet the massive demand in pre-engineered buildings and continue to maintain our dominance in this space.”
This deal is the latest transaction by Indivision, which owns stakes in well-known companies such as Sula, VLCC, Billimoria, Global Hospitals and Lilliput.
Interarch, promoted by Arvind Nanda and Gautam Suri is one of the pioneers of India’s pre-engineered building market with a roster of blue chip clients like Tata Motors, Bajaj, BPCL and Hariyali Kisan Bazar.
The pre-engineered building market in India is expected to witness explosivegrowth in the next few years driven by growth in manufacturing, logistics infrastructure and SEZ development. Pre-engineered buildings have a significant advantage over conventional construction in completion timeframe at fractionally higher cost.
Source: Times of India