KARAM Safety Gets $63M from Motilal Oswal for Global Growth

Motilal Oswal Alternates has injected ₹600 crore (approximately $63 million) into KARAM Safety Private Limited, a significant capital infusion aimed at propelling the Indian leader in occupational safety solutions onto the global stage. This strategic investment, deployed from the recently closed India Business Excellence Fund V (IBEF V), marks the fund's fifth deployment and underscores a growing confidence in India's manufacturing prowess for specialized industrial goods.

The funding will primarily fuel an aggressive international expansion strategy for KARAM Safety, a company renowned for its extensive portfolio of over 3,800 products. This includes a strong focus on strategic acquisitions in complementary product segments and the expansion of its footprint in key overseas markets. Beyond M&A, the capital will also bolster KARAM's internal capabilities, supporting enhanced research and development initiatives, scaling up manufacturing capacities, and fortifying its global distribution networks.

Established in 1998, KARAM Safety has built a formidable reputation in manufacturing comprehensive personal protective equipment (PPE) and fall protection systems. Its product range spans critical safety gear such as harnesses, lanyards, helmets, safety footwear, and specialized protection for respiratory, hearing, and hand safety. The company's operational reach extends beyond India, with manufacturing facilities in South Africa and Brazil, serving a diverse international clientele across the United States, Europe, South America, Africa, and the Asia Pacific region under four distinct global brands.

This investment aligns with a favorable global market dynamic. The demand for robust workplace safety measures is escalating worldwide, driven by increasingly stringent regulatory frameworks and a heightened awareness of industrial accident prevention. Furthermore, sustained levels of industrial capital expenditure in major economies create a fertile ground for companies like KARAM Safety, which offer high-quality, reliable safety solutions. The firm's co-founder and president of Global Sales and Marketing, Hemant Sapra, is at the forefront of steering the company's international growth ambitions.

Motilal Oswal Alternates, managing approximately ₹30,000 crore across various asset classes including private equity, real estate, and private credit, views this as a strategic move within its manufacturing and industrial sector focus. The private equity arm alone oversees ₹18,000 crore across five funds, actively seeking opportunities in sectors like consumer goods, financial services, manufacturing, healthcare, and technology. The backing of IBEF V, which itself secured ₹8,500 crore in February 2026, provides KARAM Safety with substantial financial backing and strategic partnership to achieve its ambitious global objectives.

The transaction highlights India's evolving role as a global supplier of sophisticated industrial and safety equipment. KARAM Safety's established R&D capabilities and manufacturing excellence position it as a strong contender to capture a larger share of the international market, particularly as global supply chains continue to diversify and prioritize reliable, high-quality sourcing. This infusion of capital is expected to accelerate KARAM's trajectory, solidifying its position as a key player in the global occupational safety market.