Lighthouse Funds LLC invests in Stylam Industries Ltd

By: | April 05 , 2022

Lighthouse Funds LLC is a mid-market private equity investor focused on the Indian consumer sector. It recently invested Rs 51 crore in Stylam Industries Ltd, a listed laminate manufacturer. Stylam was established in 1991 and designs, manufactures, and then markets laminates for residential, commercial, and industrial purposes. In the financial year 2015-16, the company generated revenue of about Rs 250 Crore. The revenue saw an annual growth rate of over 22% over the past five years.

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The Chandigarh-based company has a manufacturing facility at Panchkula in Haryana and is in the process of commissioning a new manufacturing facility that would double its production capacity. “We intend to use the infused capital for the growth plans of the company wherein we are doubling our production capacity and launching new products,” says Jagdish Gupta, Managing Director of Stylam Industries.

Gupta added, “Lighthouse’s track record of investing in consumer and branded companies will help Stylam with its growth plans.”

“India’s favourable demographics such as increasing urban population, and the government’s thrust on housing will benefit the home improvement and building materials industry,” said Sachin Bhartiya, a partner at Lighthouse. “We have been closely tracking the building materials industry in India and are very excited to partner with Stylam,” he said. In April 2017, according to a report by Mint, Lighthouse was preparing to raise its largest private equity fund of $200 million.

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