Piramal Alternatives Invests ₹150 Crore in Kumar Equipment to Expand India's Commercial Kitchen Manufacturing
Piramal Alternatives, the fund management arm of the Piramal Group, has invested ₹150 crore in Kumar Equipment, a commercial kitchen equipment maker. The money comes through its India Credit Opportunities Fund II and will fund manufacturing expansion and vertical integration. The company has completed over 2,500 projects across 22 states, with factories in Rajasthan and Bengaluru.