India’s Zephyr Peacock buys 25% of pre-fab buildings maker

The PE firm will support efforts to get PEBS' revenues past INR10 billion in three years, which means an annual growth rate of more than 40%, Livemint reported.

PEBS expects to achieve this target through aggressive growth in international emerging markets, solar infrastructure, high rise commercial buildings and cold form building systems. It is on course for revenues of INR3.25 billion for the 2013 financial year.

"By replacing traditional construction with pre-engineered steel systems, Pennar Engineered is helping the infrastructure sector address the three challenges that matter the most today-capital, labour and time," said Zephyr Peacock Director Vishal Dixit.

PEBS is a steel pre-fab buildings maker that started three years ago, focusing predominantly on southern and western markets. The company aims to expand its business and geographical footprint in other part of the country by setting up a 30,000-ton capacity plant in north India.

Last month, Zephyr Peacock and Singapore-based Credence Partners invested $17 million in 20Cube Logistics for a significant minority stake. The investment marked Zephr's 12th in India and its first in the logistics space.

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• Topics
• Expansion
• Infrastructure
• Industrials
• South Asia
• India
• Zephyr Peacock Management
• Growth capital
• manufacturing