Motilal Oswal PE invests Rs. 75 crore for stake in Glass Wall Systems.

Motilal Oswal Private Equity has invested Rs. 75 crore for a significant minority stake in Glass Wall Systems (India) that manufactures, supply and installs architectural glass facade system. The company that boasts of projects such as Mukesh Ambani's residence The Antilia, The Capital in BKC, will use the capital to expand its manufacturing, company official said.

'Investment by Motilal Oswal PE will help us to set up a state of the art fabrication cum processing facility for facades in Mumbai. This facility will significantly increase our capacity by 3-4 times enabling us to cater larger number of projects,' said Jawahar Hemrajani, co-founder of Glass Wall.

Founded in 2002 by fabricators Jawahar Hemrajani and Kamlesh Chaudhari, the company installs glass facades and other building materials for residential and commercial complexes in India. The company has been growing at 23% CAGR in the last five years.

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