Knest Manufacturers secures US$35.2M boost from Lighthouse Funds for its aluminium formwork project
Lighthouse Funds, a prominent mid-market private equity firm in India, has invested INR 300 crore (approximately $35.2 million) in Knest Manufacturers, a Pune-based construction technology company known for its cutting-edge building systems. Founded in 2015, Knest specialises in aluminium formwork and patented hydraulic safety screens, offering advanced construction solutions that aim to speed up project timelines, improve worker safety, and minimise environmental impact.
“We are building far more than formwork—we are building the future of Indian construction, of high rises, sprawling skylines, and sustainable urban ecosystems. With this partnership, we gain not just capital but a like-minded partner in Lighthouse who shares our vision for innovation, operational excellence, and sustainability. Together, we aim to push the boundaries of construction technology in India and beyond,” said Knest founder Nitin Mittal.
The company operates three modern manufacturing facilities across Maharashtra and Gujarat, boasting an annual production capacity of over 2 million square metres of aluminium formwork alongside a growing portfolio of construction safety products.
Established in 2006, Lighthouse is a seasoned private equity firm with a track record of investing in over 35 companies across India. The firm currently manages assets exceeding INR 12,000 crore. Lighthouse has backed some of the country’s most well-known brands, including Bikaji Foods, Cera Sanitaryware, Dhanuka Agritech, Duroflex Mattresses, Fabindia, Kama Ayurveda, Kushal’s Retail, Nykaa, Unibic Foods, and Wow! Momo, etc, among others.
“They are fundamentally transforming how buildings go up,” added Sachin Bhartiya, Co-founder and Partner at Lighthouse Funds.
Image Source: Knest Manufacturers Pune facility
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