Ozone Overseas secures Rs 250 crore growth capital from Nuvama Private Equity

Ozone Overseas, a provider of home and office improvement solutions, has secured Rs 250 crore of growth funding from Nuvama Private Equity, part of the asset management business of the Nuvama group of wealth management firms. With the latest late-stage/pre-IPO series of funding, Ozone Overseas plans to bolster its existing growth chart by way of expanding its manufacturing capacity, reinforcing brand presence and exploring potential synergistic acquisitions, according to a company statement. 

“This is a milestone in the journey of Ozone, a journey that began two decades ago. We welcome Nuvama as a partner of Ozone into building Ozone as a world-class brand and business in the space of architectural hardware and home improvement,” said Alok Aggarwal, CEO and Managing Director, Ozone Overseas. 

“More importantly, this investment validates the faith of Nuvama and the financial market into the team of Ozone and its ability to grow its business and brand. This investment further enables Ozone to invest into its manufacturing, operations and team-building. Ozone has always been a wealth creator, and we acknowledge the support of our team, our vendors and our channel partners,” he added. 

Nuvama Private Equity is backed by global investment firm PAG. 

Aggarwal also said the company is well-positioned to accelerate its growth trajectory by leveraging this capital. 

“Our focus remains on building a consumer-first brand that resonates across touch-points, including franchise outlets, e-commerce platforms, experience centres, and an extensive retail network. Strengthening our after-sales service and delivering solution-focused products will further enhance our customer experience,” he added. 

“This investment seamlessly aligns with Crossover's investment philosophy of backing industry leaders who have a demonstrated track record and exhibit robust growth prospects. The strong momentum in commercial and residential segments is expected to lead the demand for ancillary building and architectural hardware solutions that Ozone Overseas specialises in,” said Pranav Parikh, Managing Partner at Nuvama Private Equity. 

New Delhi-based Ozone Overseas has a diverse range of more than 5,000 products, classified under the categories of glass fittings, door hardware, kitchen and furniture fittings, automatic doors, railing fittings, demountable partitioning systems, smart devices, fingerprint locks and safes. 

What does Ozone Overseas do?

Established in 1999, Ozone Overseas has emerged as a trusted market leader.  The company's adherence to international quality standards, a robust distribution network of more than 7,000 retailers and outstanding after-sales service have solidified its position as an industry frontrunner.

Over the past two decades, Ozone Overseas has established an extensive network of retailers across India, a robust global supply chain and a sophisticated logistics network. Its technical support and product development enterprise have further solidified its position as a leading Make in India brand worldwide.

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