Motilal Oswal Alternates, the devoted various investments platform of the Motilal Oswal Group, has invested Rs 600 crore in occupational security gear maker KARAM Security Non-public Restricted as KARAM seems to be to increase internationally and pursue acquisitions.

The investment was made via India Enterprise Excellence Fund V (IBEF V), Motilal Oswal Alternates’ fifth personal fairness fund.

IBEF V reached its ultimate shut at Rs 8,500 crore in February 2026, above its preliminary fundraising goal of Rs 6,500 crore. The KARAM transaction is the fund’s fifth funding.

KARAM mentioned the funding will help its plans for international development, strategic acquisitions, product innovation and manufacturing, in addition to enlargement into new markets and product classes.

The corporate is taking a look at acquisitions in complementary product classes, applied sciences and worldwide markets as a part of its development and diversification technique.

“This funding marks an vital chapter in KARAM’s journey,” mentioned Hemant Sapra, Co-Founder and President of International Gross sales and Advertising at KARAM.

Sapra mentioned the funding will give the corporate higher monetary and strategic flexibility because it seeks acquisitions and enters new classes and markets.

KARAM was established in 1998 and makes private protecting gear and fall-protection merchandise.

Its vary contains harnesses, lanyards, helmets, security footwear and gear designed for respiratory, listening to and hand safety.

KARAM has greater than 3,800 licensed merchandise, exports its security merchandise and options to greater than 140 nations, and employs greater than 4,500 individuals. Its present company web site lists 5 manufacturing items, together with 4 in India, Lucknow, Sitarganj, Sandila and Coimbatore, and one in Ballito, South Africa.

Its Lucknow operation manufactures fall-protection gear, whereas the Sitarganj facility produces merchandise together with private protecting gear and harnesses. The Coimbatore plant focuses available, head and respiratory safety.

Prakash Bagla, Managing Director for the Manufacturing Sector at Motilal Oswal Alternates, mentioned India was turning into a extra important manufacturing base for security and industrial merchandise.

He mentioned rising office security requirements, higher regulatory enforcement and continued industrial capital expenditure had been creating beneficial circumstances for the sector.

Motilal Oswal Alternates mentioned IBEF V was its largest personal fairness fund when it accomplished its ultimate shut in February.

The fund, which was launched in April 2025, focuses on investing in rising mid-to-late-stage companies in India.