Marquee Investor Mr. ArpitKhandelwal, Managing Partner of Plutus Wealth Management LLP picked up additional 15% stake in the company.
Pantomath Capital Advisors Private Limited acted as the sole Investment Banker to the transaction.
Founded in 1981 Silver Consumer Electricals Pvt Ltd is one of the fastest-growing highly integrated consumer electrical companies, having a diversified product portfolio comprising of Pumps, Motors, and Fans.
Silver is at the helm of its transformative capex journey wherein the company has built stateof-the-art in-house capabilities for developing and manufacturing consumer electrical products driven by strong R&D, precision and stringent quality testing. The company recently backward integrated in the existing verticals of pumps and motors, and has also commissioned its fan unit with an annual capacity 84 lakh units. It is foraying into agricultural implements, lighting and small kitchen appliances via the funds raised.
In the recent past, Company shifted its manufacturing facility to an integrated plant of 30 acres and shall have a total built up area of 14 lakh sq. ft. making it one of the largest single roof plant of its kind in the country.
Currently run by VinitBediya, 30, a mechanical engineer from BITS Pilani; Silver has demonstrated four-fold growth in its business in the last 3 years which Vinit bestows to his whole new perspective toward the workforce and strong belief in delivering quality and excellence. He has been able to achieve an ownership-driven work culture backed by a strong value system and high standards of corporate governance.
Commenting on the occasion, Vinit said, “With its state-of-the-art infrastructure and backward integrated manufacturing, Silver is uniquely positioned to play a significant role in India’s emergence as a global manufacturing hub. Further confidence shown by our existing investor by participating in the up-round is another validation that we as an organisation are on right path to achieve our long term goals.”
“We are glad to enhance our participation in Silver. The Company has established mega capacities and possess massive scale. We believe that Silver is well-placed to leverage their innovation capabilities coupled with superior engineering skills.” remarked ArpitKhandelwal, Managing Partner of Plutus Wealth Management.
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