Lighthouse Invested 51 Crore in Stylam Industries
Lighthouse, a middle market private equity firm focused on growth investments in India's consumer sector today announced that funds affiliated with the firm have made an investment of INR 510 million in Stylam Industries, one of India's leading laminate manufacturers. The investment will be used to accelerate Stylam's expansion in the fast-growing domestic market.
Incorporated in 1991, Stylam designs, manufactures and markets a wide range of laminates for residential, commercial and industrial purposes. For FY16, the company clocked revenues of approximately INR 2.5 billion and has demonstrated a revenue CAGR of over 22% over the past five years. It is in the process of commissioning a new manufacturing facility that will double its production capacity.
Jagdish Gupta, Managing Direct...