Nuvama Asset Management is strengthening its presence in the industrial sector with a minority investment in Val-Met Engineering, targeting growth in aerospace and defence manufacturing.
The ₹200 Cr ($21.4 Mn) investment marks Val-Met’s first external fundraise and was led by Nuvama’s Crossover Opportunities Funds.
Founded in 2007, Val-Met Engineering operates in the specialised segment of aerospace, defence, and space-grade raw materials. The company delivers end-to-end supply chain solutions with value-added processing for both global and domestic OEMs.
The newly raised capital will support expansion of sourcing networks, improvement in inventory strength, and enhancement of processing and technological capabilities. It will also enable deeper engagement with global OEMs and suppliers.
The investment comes at a time when global aerospace supply chains are under pressure. This has opened up opportunities for India-based companies to step in as reliable partners, driven by strong demand and ongoing industry backlogs.
Val-Met has shown consistent growth, with revenue reaching ₹173 Cr in FY25, up from around ₹140 Cr in the previous year, along with improved profitability.
For Nuvama Asset Management, the deal aligns with its strategy of supporting established businesses with strong expansion potential. The firm continues to focus on aerospace, defence, and advanced manufacturing, where localisation and global demand are accelerating investments.
The funding is expected to strengthen just-in-time supply capabilities and improve operational efficiency, helping Val-Met transition from a domestic-focused player to a global supply chain partner.
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