Silver Consumer Electricals Closes Up-Round; Valued at Rs. 1,000 Crores

Ahmedabad (Gujarat) [India], June 2: 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 state-of-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.

• Rajkot-based Silver is one of the fastest-growing Integrated Consumer Electricals companies having a wide range of Pumps, Motors and Fans in its portfolio;
• Marquee Investor Mr. Arpit Khandelwal, Managing Partner of Plutus Wealth Management LLP, picked up an additional 15% stake in the company;
• Pantomath Capital Advisors Private Limited acted as the sole Investment Banker to the transaction.

In the recent past, the 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 plants of its kind in the country.