SBL Energy Limited, a leading manufacturer of mining and industrial explosives in India, has secured INR 325 crores in growth capital from several prominent investors, including Synergy Capital, India SME Investments, and noted capital market investor Mukul Mahavir Agrawal.
SBL Energy Limited is a prominent manufacturer of mining and industrial explosives in India, renowned for its high-quality products and innovative solutions. With a commitment to safety, sustainability, and efficiency, SBL Energy Limited has established itself as a trusted partner for the mining and infrastructure sectors.
The company’s advanced manufacturing facilities and skilled workforce enable it to deliver reliable and cost-effective solutions tailored to meet the unique needs of each customer. SBL Energy Limited’s dedication to excellence has earned it a reputation for being a leader in the explosives industry, setting new standards for quality and performance.
This investment will be utilized by SBL to enhance its manufacturing capacity within India and introduce new product lines. With nearly thirty years of experience, SBL Energy is the second-largest player in the industrial explosives sector in India, boasting a market share of approximately 10%.
The company serves the mining and infrastructure industries and is also venturing into the defense sector. SBL exports its full range of products and services to customers in over 20 countries. In response to the fundraising efforts, Sanjay Choudhari, Director of SBL Energy Limited, expressed enthusiasm about collaborating with Synergy Capital, India SME Investments, and Mukul Agrawal.
He noted that their investors are forward-thinking individuals who can assist them in becoming a premier global manufacturer and supplier of explosives and accessories. The infusion of funds reflects their dedication to enhancing their product and service delivery capabilities, highlighting their leadership position and the value they offer to customers and stakeholders.
Choudhari emphasized the promising outlook for their industry in the coming years and their commitment to seizing emerging opportunities. He also mentioned their goal of listing the Company in the near future. Sudhir Maheshwari, Founder & Managing Partner of Synergy Capital, expressed delight in partnering with SBL to support the implementation of its national and international expansion strategies.
He praised SBL’s expertise in industrial and mining explosives manufacturing and expressed eagerness to support the Company’s growth in both domestic and international markets. Mitin Jain, the Managing Partner at India SME Investments, emphasized the significance of investing in SBL Energy, highlighting their confidence in entrepreneurs from tier 2 and 3 cities and their vital role in India’s journey towards a $5 trillion GDP.
Jain expressed delight in partnering with SBL and expressed eagerness to assist the founders in realizing the value they have built over the past thirty years. SBL Energy has enlisted BDO India as its exclusive financial advisor and Cyril Amarchand Mangaldas as its legal advisor for the fundraising efforts.
