NIBL Equity Partners announces strategic investment in Laxmi Steels

KATHMANDU: NIBL Equity Partners, a SEBON-registered private equity fund managed by NIMB Ace Capital, has announced its investment in Laxmi Steels.

NIMB Ace Capital Chairman Sachin Tibrewal and Laxmi Steels Director Bimal Kumar Sawarthia signed the investment agreement on Tuesday. This partnership is expected to bolster Laxmi Steels’ advanced manufacturing capabilities and drive its market expansion, thereby strengthening Nepal’s steel industry as a cornerstone of national development.

Established in August 2008 by the renowned Saurabh Group, Laxmi Steels is a leading manufacturer of TMT Rods, Billets, and Ribbed Wires. Operating a cutting-edge production facility in Sunwal, Nawalparasi, the company is dedicated to delivering premium-quality steel products that play a crucial role in Nepal’s infrastructure and industrial growth.

The strategic investment from NIBL Equity Partners is anticipated to enable Laxmi Steels to elevate its manufacturing efficiency, increase production capacity, and expand its market footprint. The partnership aligns with the company’s ambition to reinforce its position as a leader in Nepal’s steel industry while contributing to the nation’s economic progress.

Commenting on the collaboration, NIMB Ace Capital Chairman Tibrewal remarked, “We are proud to join forces with Laxmi Steels, a stalwart of Nepal’s industrial sector. NIBL Equity Partners is committed to fostering businesses that stimulate economic growth and create opportunities. Through this investment, we aim to assist Laxmi Steels in reaching new milestones and fortifying Nepal’s infrastructure backbone.”

Laxmi Steels Director Sawarthia stated, “This partnership with NIBL Equity Partners is transformative for us. Their expertise and capital investment will enable us to innovate, expand our capacity, and enhance our contribution to Nepal’s development. Together, we are building a stronger future for the steel industry.”

The collaboration between NIBL Equity Partners and Laxmi Steels signifies a major step forward for Nepal’s industrial sector. By merging financial expertise with operational excellence, the partnership aims to create enduring value for stakeholders and advance the nation’s infrastructure objectives.