Poshs Metal Industries, a company known for its deep roots in auto-grade flat steel processing, has just raised ₹43 crore (around $5 million) in fresh funding. The round was led by Aavishkaar Capital, an investor focused on backing businesses that are building more sustainable and inclusive supply chains.
The new funds will help Poshs Metal set up a cutting-edge steel processing facility in Aurangabad. The goal? To ramp up their capacity and serve their OEM (Original Equipment Manufacturer) clients faster and more efficiently.
Founded by industry veteran Ashok Kapoor, Poshs Metal isn’t new to the game. For over 25 years, the company has worked closely with Tata Steel, operating as an exclusive steel service center in Western India. That long-standing relationship has helped them become a trusted name in the auto sector, working with big names like Tata Motors, Bajaj Auto, Mahindra, Volkswagen, and Volvo.
But Poshs Metal doesn’t just process steel—they add real value. From customized steel blanks to in-house packaging and scrap processing, their services are built to meet the needs of modern auto manufacturers. They’ve even taken a green step forward by replacing traditional wooden pallets with sustainable steel ones.
For Aavishkaar Capital, this is the seventh investment from their $220 million Global Supply Chain Support Fund, which is designed to support SMEs across Asia and Africa. The fund, backed by Germany’s KfW Development Bank, zeroes in on businesses that are building stronger, more responsible supply chains.
With this funding, Poshs Metal is geared up for its next phase of growth—one that promises to be more efficient, more sustainable, and more impactful for India’s thriving auto industry.
