Mangalam Industries Limited (MIL) has secured a strategic investment of around Rs380 million from Avasar Equity Diversified Fund, a prominent private equity fund focused on supporting high-growth enterprises in Nepal.

In a press statement on Tuesday, Mangalam Industries said the investment marks a major milestone in the company’s growth trajectory and underscores strong investor confidence in its vision, operational capabilities, and long-term prospects.

The company said the capital infusion will help strengthen its balance sheet, improve operational efficiency, drive product innovation, and support market expansion efforts both within Nepal and internationally.

The funds will also be channelled towards advancing its commitment to sustainability and business excellence.

“We are delighted to welcome Avasar Equity Diversified Fund as a strategic partner in our journey of transformation,” said Abhinav Churiwal, Chief Executive Officer of Mangalam Industries. “This investment is not only a validation of our business model but also a significant boost for our employees, dealers, customers, and all stakeholders who have contributed to our success.”