Entellus Industries Raises Rs 500 Mn to Scale Rare Earth Output
ECONOMY & POLICY

Entellus Industries Raises Rs 500 Mn to Scale Rare Earth Output

Entellus Industries, India’s first rare earth metals and alloy manufacturing company, has raised Rs 500 million in its second round of funding, led by ZeroW, a boutique investment firm focused on deep-tech and emerging sectors. ZeroW is backed by the Mekapati Family Office, promoters of the KMC Group, one of India’s largest infrastructure conglomerates. ValPro acted as the transaction adviser for the deal.

The company had earlier secured $12 million from Social Capital, a Silicon Valley–based venture capital firm, to establish its operations and set up NdPr metal and bonded powder alloy manufacturing plants in Tamil Nadu. The latest capital infusion marks a significant step in Entellus’s growth journey as it moves to broaden its product portfolio and scale commercial operations.

According to the company, the fresh funds will be deployed towards capital expenditure to expand into sintered alloys and to take its existing rare earth products to market. With the proposed expansion, Entellus expects to build production capacity of approximately 2,000 tonnes of magnets per year, strengthening India’s domestic capabilities in a strategically critical segment.

Commenting on the fundraise, Simha Kumar, CEO, Entellus, said, “Proving technical capabilities in rare earth metal and alloy manufacturing is non-trivial and we are the first ones to achieve it verifiably in India. We wish to use this advantage in making India a truly global hub for rare earth magnet manufacturing.”

The investment comes at a time when global supply chains for rare earth elements and magnet materials are undergoing structural realignment, prompting countries to prioritise domestic manufacturing of critical inputs. In India, initiatives such as Make in India have accelerated focus on building local capacity in strategic materials.

Entellus’s model of developing private-sector, commercially viable rare earth metal and alloy manufacturing infrastructure highlights the growing role of Indian companies in reducing import dependence and supporting global supply chains for advanced manufacturing and clean energy technologies.

Entellus Industries, India’s first rare earth metals and alloy manufacturing company, has raised Rs 500 million in its second round of funding, led by ZeroW, a boutique investment firm focused on deep-tech and emerging sectors. ZeroW is backed by the Mekapati Family Office, promoters of the KMC Group, one of India’s largest infrastructure conglomerates. ValPro acted as the transaction adviser for the deal.The company had earlier secured $12 million from Social Capital, a Silicon Valley–based venture capital firm, to establish its operations and set up NdPr metal and bonded powder alloy manufacturing plants in Tamil Nadu. The latest capital infusion marks a significant step in Entellus’s growth journey as it moves to broaden its product portfolio and scale commercial operations.According to the company, the fresh funds will be deployed towards capital expenditure to expand into sintered alloys and to take its existing rare earth products to market. With the proposed expansion, Entellus expects to build production capacity of approximately 2,000 tonnes of magnets per year, strengthening India’s domestic capabilities in a strategically critical segment.Commenting on the fundraise, Simha Kumar, CEO, Entellus, said, “Proving technical capabilities in rare earth metal and alloy manufacturing is non-trivial and we are the first ones to achieve it verifiably in India. We wish to use this advantage in making India a truly global hub for rare earth magnet manufacturing.”The investment comes at a time when global supply chains for rare earth elements and magnet materials are undergoing structural realignment, prompting countries to prioritise domestic manufacturing of critical inputs. In India, initiatives such as Make in India have accelerated focus on building local capacity in strategic materials.Entellus’s model of developing private-sector, commercially viable rare earth metal and alloy manufacturing infrastructure highlights the growing role of Indian companies in reducing import dependence and supporting global supply chains for advanced manufacturing and clean energy technologies.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement