Poshs Metal Industries, a company known for processing auto-grade flat steel, has raised Rs 43 crore (approximately $5 million) in a funding round led by Aavishkaar Capital.
The funds will help the company set up a new processing facility in Aurangabad, increasing its ability to serve OEM clients more effectively.
Founded by Ashok Kapoor, Poshs Metal serves tier I automotive manufacturers and has a long-standing 25-year partnership with Tata Steel, handling steel processing and distribution in Western India.
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Its key clients include major automotive companies like Tata Motors, Bajaj Auto, Mahindra, Volkswagen, and Volvo.
“This funding marks a crucial step in our growth journey as we expand our footprint in Aurangabad,” said Asheer Kapoor, Promoter and Director, Poshs Metal. “The enhanced production capacity will allow us to serve our customers more efficiently while reinforcing our commitment to innovation and quality. The support from our investors reflects their confidence in our vision.”
In addition to steel processing, Poshs Metal provides services such as steel blank customization, in-house packaging, and scrap processing.
The company has also introduced a sustainable steel pallet system to replace traditional wooden pallets, making its operations more eco-friendly.
