Val-Met secures Rs 200 cr led by Nuvama’s funds

Chennai: Val-Met Engineering has raised ₹200 crore from Nuvama Group's Crossover Opportunities Funds, which have acquired a strategic minority stake in the company.The funding marks Val-Met's first capital raise and will be used to expand sourcing networks, strengthen inventory, enhance processing capabilities, and deepen ties with domestic and global OEMs.The company, founded in 2007, operates in the aerospace, defence and space supply chain segment, supplying specialised raw materials. The investment comes amid growing demand and persistent supply chain constraints in the global aerospace industry, which are driving opportunities for India-based suppliers."Supply chain constraints and robust demand are creating an opportunity for India to emerge as a strategic hub for global aerospace OEMs," said P H Subramoni, Managing Director of Val-Met Engineering.Pranav Parikh, Managing Partner and Head of Private Equity at Nuvama Asset Management, said the investment aligns with the fund's strategy of backing established industrial businesses with strong growth potential.The capital infusion is expected to support just-in-time supply capabilities and improve efficiency for customers, as global aircraft manufacturers and suppliers expand their presence in India.