Advertisement
Tembo Global Industries Ltd has successfully raised INR 316.7 crore through a mix of preferential equity and share warrants to fund its aggressive growth strategy. The capital infusion, which saw strong participation from promoters and strategic partner Mohammed Abdul Nayeem of Saudi Arabia's Masah Construction, will be used to scale up the company's EPC operations and accelerate its recent foray into the high-potential defence manufacturing and infrastructure sectors. This move aligns the company with the Indian government's 'Make in India' and 'Atmanirbhar Bharat' initiatives, positioning it as a key player in the nation's industrial build-out.
Tembo Global Industries Ltd has announced a significant capital raise, securing INR 316.7 crore to bolster its growth strategy in India's rapidly expanding infrastructure and defence sectors. The company, known for its pipe support systems and other engineered products, has successfully attracted a mix of investors, signaling strong confidence in its strategic direction. Advertisement
The capital was raised through a dual-channel approach and a total of INR 198.7 crore was secured through preferential allotment of equity to funds and high-net-worth individuals (HNIs), while INR 118 crore came via share warrants issued to promoters and the company's new strategic partner, Mohammed Abdul Nayeem, the Founder & Chairman of Masah Construction Company from Saudi Arabia. The investment from a major international player highlights the company's growing profile and potential for future global collaborations.
The fresh funds will be strategically channelled into several key areas. A significant portion is allocated for capacity expansion, technology upgrades, and the execution of new projects within the company's Engineering, Procurement, and Construction (EPC) vertical. The capital will also be used to accelerate Tembo's recent entry into the defense manufacturing segment, a sector that is poised for explosive growth under the Indian government's "Make in India" initiative.
The timing of the capital raise is crucial, as it allows Tembo to directly align with national development priorities. The government's "Atmanirbhar Bharat" (Self-Reliant India) policy and a substantial increase in the defense budget are creating a robust demand for indigenously developed defense products. This strategic alignment positions Tembo not just as a commercial entity but as a partner in India's national security and infrastructure build-out.
Sanjay J. Patel, Managing Director of Tembo Global Industries, expressed his deep satisfaction with the investor response, stating, "This capital will enable us to not only scale our EPC operations but also build strong technological capabilities in defence and infra projects, areas where India is witnessing a historic transformation." The company, which has been manufacturing products since 2010 and recently diversified into solar power and defense in 2024, is actively building a portfolio of projects that reflect its vision to be a key player in India's industrial future.
Source: PTI
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
