Piramal Alternatives, the fund management division of the Piramal Group, has invested Rs 1.35 billion in Q&Q Solutions India Private Limited (“Q&Q”), a precision manufacturing company that produces complex, mission-critical components for global OEMs. The investment, made through Piramal Alternatives’ India Credit Opportunities Fund II (“PCF II”), will support capacity expansion, strengthen manufacturing capabilities and fund strategic growth initiatives.

This is PCF II’s seventh investment. The sector-agnostic fund invests in high-growth, mid-market companies, with an investment horizon of three to four years. Piramal Alternatives’ first fund, with a corpus of Rs 21 billion, is fully invested. It made 17 investments and has successfully exited 15.

Kalpesh Kikani, CEO, Piramal Alternatives, said, “We are pleased to partner with Q&Q and its management team as the company enters its next phase of growth. Its longstanding relationships with leading OEMs, coupled with a focus on quality and timely delivery, provide a strong foundation for expansion. We believe this partnership will help Q&Q scale its manufacturing capabilities and capitalise on the growing opportunities in precision engineering.”

Gnanasekaran (Gnan), Managing Director, Q&Q Solutions India Private Limited, said, “We are delighted to partner with Piramal Alternatives, whose investment is a strong endorsement of our vision. The funding will help us expand capacity, strengthen our infrastructure and advanced manufacturing capabilities, and support our growth through organic and strategic acquisitions. We are building a world-class, backward-integrated precision engineering company to meet rising global demand and better serve our OEM partners across multiple domains.”

Piramal Alternatives has a track record of investing across asset classes and partnering with leading investors to create long-term value. Through tailored financing solutions across the capital stack, it remains committed to supporting businesses in achieving their growth ambitions.