Pantomath Capital-managed Bharat Value Fund (BVF), a Category II AIF under the India Inflection Opportunity Trust, has announced a strategic investment of Rs 150 crore in building materials company, Marudhar Rocks International. This investment, which represents a 6.5% equity stake in the company, values Marudhar at Rs 2300 crore approx.

Marudhar, renowned for its premium engineered quartz surfaces, is India's largest manufacturer of these surfaces and is a key contributor to the "Make in India" initiative, generating 100% of its revenue from exports. With production facilities in Jaipur, Rajasthan, and Hosur, Tamil Nadu, Marudhar has a capacity of approximately 2 million square meters per annum. It's product portfolio includes both premium engineered quartz surfaces and premium stone plastic composite flooring, catering to both domestic and international markets.

Bharat Value Fund, led by industry veteran Madhu Lunawat, focusses on pre-IPO investments in Indian growth-stage enterprises. The fund aims to support companies that promote "Made in India" products and contribute to India's economic growth. BVF, launched in August 2024, has targeted corpus of Rs 2,000 crore. The fund has successfully raised Rs 1200 crore from 950 investors to date.

Commenting on the investment, Lunawat, CIO of Bharat Value Fund, said, "Our decision to invest in Marudhar is driven by their impressive track record, robust business model, premium product portfolio, experience of the Founders and their commitment to quality and sustainability. We see tremendous potential in Marudhar's ability to scale further, enhance their production capabilities, and expand their market presence both domestically and globally."

The directors of Marudhar Rocks International expressed their excitement about the partnership with BVF. They emphasised the strategic importance of this investment in accelerating their growth plans, enhancing production capabilities, and expanding their market presence.