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Motilal Oswal, Other Funds Invest $66 Mn In Tiles Manufacturer

Motillial Oswal Group Funds Funds India – IV, MO PVT Constrans Investment Consultants. In the symbolist group.

The Oswal Mottal group said the Simpan group includes Sympleto Vitrifide Private Limited and Nexian International Pvt Limited. Following this transaction, Symbolo and Nexion will continue to operate as independent companies in the premium and luxury segments, respectively.

We believe that the luxury and premium tiles segment in India is poised for rapid growth as the share of premium tiles ranges from less than 10% today to 30-40% in developed markets. Prakash Bagla, Director of MOPE, said, “Symbol and Nexion, with their focus on innovative design, superior product quality, extensive business network and brand positioning, are well positioned to achieve this growth and become India’s leading building materials manufacturer .

Last month, the company received regulatory approval to raise capital from ceramic tiles. In 2020, VCCircle reported that Symbolo Vitrified had hired the investment banking arm of Motilal Oswal Financial Services Ltd to look for potential investors.

Launched in 2019, India SME Investments Fund I is a non-regulated sector fund focused on investing in emerging small and medium enterprises. Symbolo is India’s ninth SME and has already signed deals in fintech, retail, food, manufacturing and trading on the B2B platform. Some of his investments include KrazyBee, SmartCoin, LokSuvidha, Citykart, Kushal’s, Priniti Foods, Venus Pipes and Source.One. MOPE, meanwhile, manages both private equity and real estate, totaling about $1.7 billion between the two asset classes. The private equity vertical focuses on providing growth capital to mid-market companies in the core consumer, financial services, life sciences and manufacturing sectors, typically up to Rs. 200-500 crore range The company is currently raising its fourth fund, IBEF IV, with a target of Rs 4,500 crore. In April, the International Finance Corporation (IFC), the private investment arm of the World Bank, committed to investing at least $35 million in the fund. IBEF IV will continue to focus on providing capital growth for Indian mid-caps.

“Symbolo Group will leverage the financial resources, access to best practices and opportunities offered by MOPE to capture market share and increase penetration in India and abroad, possible through targeted investments in sales, promotion and advertising. Tiles and plumbing, improving logistics and improving customer service. Symbolo’s fountain division will also expand into the faucet segment, the statement added.

Founded by Thackeray Bai in 1977, The Symbolo Group is a ceramic tile company based in Morbi, Gujarat, the ceramic center of India. This company sells and exports its products all over the country.

Founded in 2008 by first generation entrepreneur Jitendra Akara, Symbolo Vitrified is located in Morbi, Gujarat, one of the largest tile producing regions of India. Simbolo has a strong presence in India with a strong network of over 1100 dealers and exports to 50 countries. Nexion International Pvt. Ltd. Founded in 2015, it is a joint venture between the promoters and promoters of Symbolo and the former owners of Emilceramica SpA, an Italian company founded in 1961 and one of the world leaders in the luxury tile sector.

Together, Simpolo and Nexion generated approximately $150 million in revenue in fiscal 2022. Motilal Oswal Investment Advisors acts as the exclusive financial advisor to Symbolo Group. Wadia Gandhi & Co, AZB Partners and JSA Advocates & Advocates were the legal advisors to the deal.

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