Motilal Oswal Alternates invests ₹600 crore in KARAM Safety to fuel global expansion
KARAM Safety Private Limited, a leading occupational safety solutions and Personal Protective Equipment company, has raised a ₹600 crore investment from Motilal Oswal Alternates, company said on Wednesday.
Motilal Oswal Alternates made the investment through its India Business Excellence Fund V (IBEF V). IBEF V was closed at ₹8,500 crore in February 2026 and the investment in KARAM becomes the fifth investment from the fund.
Founded in 1998, KARAM is India’s largest company in the Fall Protection and Personal Protection equipment space, with a product portfolio of more than 3,800 products spanning across categories such as harnesses, lanyards, helmets, safety footwear, respiratory, hearing and hand protection.
