Auto-industry focused Poshs Metal raises $5-M from Aavishkaar Capital

Aavishkaar Capital , through its The Global Supply Chain Support Fund in partnership with Germany’s development bank KfW, has invested INR 43 crore (USD 5 million) in Pune-based POSHS Metal Industries Pvt Ltd.The investment will help Poshs establish a steel processing facility in Aurangabad.Founded in 1998 by Ashok Kapoor, Poshs Metal (Poshs Group) focuses on processing auto-grade steel in Western India and serves major multinational automotive companies. It has been the exclusive processing and distribution partner for Tata Steel for over 25 years.