Piramal Alternatives Injects ₹135 Cr into Q&Q Solutions to Fuel Precision Manufacturing Growth

Investment to support capacity expansion, strengthen manufacturing capabilities and pursue strategic growth initiatives.

Piramal Alternatives, the fund management division of the Piramal Group, today announced an investment of INR 135 Cr in Q&Q Solutions India Private Limited (“Q&Q”), a precision manufacturing company that manufactures complex, mission-critical components for global OEMs. The investment, made through Piramal Alternatives’ India Credit Opportunities Fund II (“PCF II”), will support capacity expansion, strengthen manufacturing capabilities and strategic growth initiatives.

This marks the seventh investment by PCF II, a sector-agnostic fund that invests in high-growth, mid-market companies with an investment horizon of three to four years. Piramal Alternatives’ first fund, with a corpus of INR 2,100 Cr, is fully invested, having made 17 investments and successfully exited 15.

Mr. Kalpesh Kikani, CEO, Piramal Alternatives, said: “We are pleased to partner with Q&Q and its management team as the company enters its next phase of growth. Its longstanding relationships with leading OEMs, coupled with a focus on quality and timely delivery provide a strong foundation for expansion. We believe this partnership will help Q&Q scale its manufacturing capabilities and capitalise on the growing opportunities in precision engineering.”

Mr. Gnanasekaran (Gnan), Managing Director, Q&Q Solutions India Private Limited, said: “We are delighted to partner with Piramal Alternatives, whose investment is a strong endorsement of our vision. The funding will help us expand capacity, strengthen our infrastructure and advanced manufacturing capabilities. It will also support our growth through organic and strategic acquisitions as we build a world-class, backward integrated precision engineering company to meet rising global demand and better serve our OEM partners across multiple domains.”

Piramal Alternatives has a track record of investing across asset classes and partnering with leading investors to create long-term value. Through tailored financing solutions across the capital stack, Piramal Alternatives remains committed to supporting businesses in achieving their growth ambitions.

Founded in 2018 and headquartered in Coimbatore, Tamil Nadu, Q&Q Solutions is a backward-integrated precision engineering company with capabilities across casting and machining. The Company supplies mission-critical components to global OEMs and Tier-1 customers across the energy and industrial sectors; post investment it’s poised to address needs of aerospace and other demanding applications.

---

About Piramal Alternatives:

Piramal Alternatives is the fund management business of the Piramal Group and a leading institutional capital provider in India. With a total of $1.6 billion under management, it is making a significant impact in addressing credit gaps within the mid-market segment. The company has established deep, decades-long relationships with renowned investors such as CPPIB, CDPQ, IFC, and global partners like Bain Capital.

Piramal Alternatives offers tailored capital solutions, ranging from pure credit to structured investments, specifically designed to support business transformation, turnaround, and growth. It has a proven track record of strong relative performance and multiple realizations across asset classes. Piramal Alternatives aims to be a significant provider of customized solutions across the entire capital stack to high-quality corporates that are looking to maximize their growth. The flagship funds include the India Resurgence Fund (IRF) and the Piramal Performing Credit Fund (PCF).

About Q&Q Solutions India Private Limited:

Headquartered in Coimbatore, Q&Q is promoted by first generation entrepreneur, Mr. Gnanasekaran (Gnan), who is one of the prominent industry figures with 20+ yrs of experience in precision manufacturing and foundry business. Mr Gnan has been instrumental in onboarding global OEMs and expanding these partnerships into multi-product engagements over the years, the company provides end-to-end solutions from casting to fully tested functional assemblies being shipped to global destinations with industry 4.0 as process back bone.