TASE Global to raise ₹300 Cr from Tristar
By Abha Lohia · Editor ·
Growth equityChennai
- TASE Global is a Chennai precision manufacturer making machined parts and assemblies in India and the United States
- ValueQuest's Tristar Fund is set to invest ₹300 crore, its fourth portfolio company
- The money will add factory capacity, merge US operations and help win larger programmes from equipment makers
What happened
- Tristar Fund will invest ₹300 crore.
- It is the fund's fourth portfolio company.
- Funds go to capacity and US integration.
Why it matters
- It targets bigger OEM programmes.
- Customers span medical, aerospace and defence.
The business
- Makes machined and sheet-metal parts, plus assemblies.
- Clients include Roche, Honeywell, GE and Eaton.
Who put in money
- ValueQuest Tristar Fund Investor — Has over ₹2,100 crore in commitments
Terms in this story
- Private equity: Venture capital backs young companies that could grow very fast, taking small stakes and accepting that many will fail, while private equity backs mature companies, often with large or controlling stakes and steadier returns. In India both usually invest through SEBI-registered AIFs, with venture capital funds in Category I and most private equity in Category II.
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