India Business Excellence Fund II and India Business Excellence Fund IIA, funds managed and/or advised by MOPE Investment Advisors Private Limited (“MOPE”), invest Rs 750 million in Glass Wall Systems (India) Pvt. Ltd (“Glass Wall”/ the “Company”), India’s largest player in the field of design, engineering, manufacturing, supply and installation of architectural glass facade system in India.
India Business Excellence Fund II and India Business Excellence Fund IIA, funds managed and/or advised by MOPE Investment Advisors Private Limited (“MOPE”), invest Rs 750 million in Glass Wall Systems (India) Pvt. Ltd (“Glass Wall”/ the “Company”), India’s largest player in the field of design, engineering, manufacturing, supply and installation of architectural glass facade system in India.
Co-founded in 2002 by Jawahar Hemrajani and Kamlesh Chaudhari, the company has executed more than 1,000,000 sq. mtrs of façade work attributable to more than 125 completed projects across India including residential buildings, corporate and commercial office buildings, malls, hotels, IT parks, airports and stadiums.
According to Jawahar Hemrajani and Kamlesh Chaudhari, “Investments by funds managed and/or advised by MOPE will help us to set up a state of the art fabrication cum processing facility for facades in Mumbai. This facility will significantly increase our capacity by three-four times enabling us to cater larger number of projects. We will also be setting up satellite assembly units in multiple cities in India which will enable us to expand our reach, serve our customers faster and better and become a true Pan India player. We strongly believe that MOPE is one of the premier private equity fund manager in India. Its experience of managing more than 15 companies will bring lot of value to us as we endeavor to build a world-class organisation.”
Raamdeo Agrawal, Chairman, MOPE, said, “Glass Wall is the market leader in India and is well poised to leverage its marquee client base to achieve a phenomenal growth. We believe that the demand and penetration for glass facades on buildings in India will increase in line with developed countries thereby providing opportunity for exponential growth.”
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