[Funding News] BPEA Credit Invests Rs 250 Cr in DMW Group

BPEA Credit disclosed that it had invested Rs 250 crore in DMW Group. A verdant shoe option is also included in the funding.

The company stated in a statement that BPEA Credit's flexible capital solution is instrumental in supporting DMW Group's growth plans by providing financing for capital expenditure, working capital, and acquisition financing for the foundry business.

DMW operates in the niche precision manufactured components sector, catering to a variety of industry segments, including aerospace, automotive, agricultural, flow control, and railways.

The statement further stated that DMW has recently acquired a controlling stake in a foundry business in order to enhance its overall product offering to customers and integrate backward into the value chain.

Anupam Goenka, Managing Director, BPEA Credit, said: “The manufacturing industry in India is expected to grow rapidly, supported by government efforts and the China+1 strategy of large global organizations. We believe DMW is ideally poised to capture this growth trend in the coming years with a robust order book from domestic and global clients and we look forward to playing an active role in the company’s growth story,”

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