Funding · Professional & Local Services

KARAM Safety raises ₹600 crore from Motilal Oswal Alternates for global expansion and acquisitions

By Startup Enthusiast · 10 September 2026

What they do

KARAM Safety makes personal protective equipment and fall-protection products for workplaces, exporting to over 140 countries

The ₹600 crore investment from Motilal Oswal Alternates will fund global growth, strategic acquisitions, product innovation, and new markets

KARAM has manufacturing units in India and South Africa, with over 4,500 employees and 3,800 certified products

KARAM Safety has raised ₹600 crore from Motilal Oswal Alternates through its India Business Excellence Fund V (IBEF V).
The investment will support global expansion, strategic acquisitions, product innovation, and new markets for KARAM Safety.
Motilal Oswal Alternates is the alternative investment arm of the Motilal Oswal Group, and IBEF V is its fifth private equity fund.
IBEF V reached a final close of ₹8,500 crore in February 2026, exceeding its initial target of ₹6,500 crore.
This is the fifth investment made by IBEF V, which focuses on mid-to-late-stage businesses in India.

India's rising workplace safety standards and regulatory enforcement are creating favourable conditions for the safety equipment sector.
KARAM Safety has manufacturing units in Lucknow, Sitarganj, Sandila, Coimbatore (India), and Ballito (South Africa).
The company exports to over 140 countries and has over 3,800 certified products.
KARAM Safety employs over 4,500 people and has a global sales and marketing team led by Hemant Sapra.

KARAM Safety produces personal protective equipment (PPE) and fall-protection products for workplace safety.
Its product range includes harnesses, lanyards, helmets, safety footwear, and respiratory, hearing, and hand protection.
The company has five manufacturing units, including four in India and one in South Africa.
KARAM exports its safety products and solutions to over 140 countries.
The company has over 3,800 certified products and over 4,500 employees.

KARAM Safety plans to expand into new markets and pursue strategic acquisitions.
The company aims to innovate products and enter new product categories.
It will use the funds to scale manufacturing and enhance its global presence.

Motilal Oswal Alternates (lead) — Alternative investment platform of the Motilal Oswal Group.