Motilal Oswal Alternates Invests ₹600 Crore in KARAM Safety for Global M&A Push

Harnesses, lanyards and safety helmets rarely make headlines. KARAM Safety Private Limited, India's largest fall-protection and personal protective equipment (PPE) company, has raised ₹600 crore from Motilal Oswal Alternates, the private equity arm of Motilal Oswal Financial Services. The cheque comes from India Business Excellence Fund V (IBEF V), which closed at ₹8,500 crore in February this year.