Mangalam Industries has received 380 million rupees in funding to grow its business and develop new ideas.

Kathmandu, July 16

Mangalam Industries Limited (MIL) has received an investment of around Rs 380 million from Avasar Equity Diversified Fund, a private equity fund that supports fast-growing companies in Nepal.

In a statement on Tuesday, MIL said this investment is an important step in its growth and shows that investors believe in the company’s vision and potential.

The new funds will help MIL improve its operations, develop new products, and expand its market reach within Nepal and beyond.

According to the statement, the money will be used to strengthen the company’s finances, make operations more efficient, and continue its focus on sustainability and quality.

Abhinav Churiwal, CEO of Mangalam Industries, said, “We’re happy to have Avasar Equity Diversified Fund as a partner. This investment not only confirms our business approach but also motivates our employees, dealers, customers, and everyone involved in our success.”

The company also said this partnership shows its dedication to creating long-term value and positively impacting the communities it serves. Together with Avasar, MIL plans to explore new opportunities and raise standards for innovation and quality in its industry.

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