Commercial kitchen-focused Kumar Equipment attracts Rs.150-Cr from Piramal Alternatives

Piramal Alternatives, the fund management arm of the Piramal Group, has invested INR 150 crore in Delhi-based Kumar Equipment . The transaction was executed through Piramal Alternatives’ India Credit Opportunities Fund II.Founded by Rajesh Kumar and Krishan Kumar, the company designs, manufactures, and executes turnkey commercial kitchen systems for institutional and hospitality customers. Kumar Equipment operates manufacturing facilities in Rajasthan and Bengaluru and maintains a sales presence across India. The company claims to have completed more than 2,500 projects across 22 states.The firm plans to use the new funds to expand its manufacturing capabilities, deepen vertical integration, and strengthen execution as it scales its presence across India.