Lighthouse Funds Invests Rs 3 Bn in Construction Tech Leader

12 Jun 2025 CW Team

Founded in 2015, Knest provides modern construction technologies that accelerate project delivery, enhance worker safety, and reduce environmental impact. With a deep commitment to innovation, efficiency, and sustainability, Knest is redefining how the world builds. Headquartered in Pune, the company operates three state-of-the-art manufacturing facilities across Maharashtra and Gujarat, with an annual capacity exceeding 2 million square metres of aluminium formwork and an expanding line of construction safety solutions. As one of the largest aluminium formwork companies in the world, it is bringing both 'Make in India' and 'Made in India' to the forefront.

The Rs 3 billion investment by Lighthouse will enable Knest to deepen its R&D efforts, expand manufacturing capabilities, and integrate backwards, ensuring both quality and scale as the demand for modern construction solutions accelerates across India.

"We are building far more than formwork—we are building the future of Indian construction, of high rises, sprawling skylines & sustainable urban ecosystems," said Nitin Mittal, Founder of Knest. "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."

Knest's flagship aluminium formwork systems are custom-designed to enable faster construction cycles—up to 3x quicker than traditional methods—while improving finish quality and reducing labour intensity. Complementing this is Knest's patented hydraulic safety screen, a cutting-edge vertical safety solution that is gaining rapid traction among high-rise developers. Beyond this, the company is set to expand into new categories in formwork & allied construction technology solutions.

The investment also supports Knest's sustainability-driven mission. By replacing timber-based formwork, Knest's solutions significantly reduce deforestation. Its products are designed for 150–200 reuse cycles (versus 10–15 for wood), minimising construction waste. Additionally, aluminium's recyclability and Knest's energy-efficient processes contribute meaningfully to responsible construction practices.

Sachin Bhartiya, Co-founder and Partner at Lighthouse Funds, said: "Knest exemplifies the kind of future-forward, mission-led company we love to back. They're fundamentally transforming how buildings go up. With a sharp focus on sustainability, safety, and speed, Knest is poised to lead the next wave of construction innovation in India.

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Lighthouse Funds has invested Rs 3 billion in Knest Manufacturers, India's leading construction technology company, specialising in next-generation building systems, including aluminium formwork and patented hydraulic safety screens.Founded in 2015, Knest provides modern construction technologies that accelerate project delivery, enhance worker safety, and reduce environmental impact. With a deep commitment to innovation, efficiency, and sustainability, Knest is redefining how the world builds. Headquartered in Pune, the company operates three state-of-the-art manufacturing facilities across Maharashtra and Gujarat, with an annual capacity exceeding 2 million square metres of aluminium formwork and an expanding line of construction safety solutions. As one of the largest aluminium formwork companies in the world, it is bringing both 'Make in India' and 'Made in India' to the forefront.The Rs 3 billion investment by Lighthouse will enable Knest to deepen its R&D efforts, expand manufacturing capabilities, and integrate backwards, ensuring both quality and scale as the demand for modern construction solutions accelerates across India.We are building far more than formwork—we are building the future of Indian construction, of high rises, sprawling skylines & sustainable urban ecosystems, said Nitin Mittal, Founder of Knest. 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.Knest's flagship aluminium formwork systems are custom-designed to enable faster construction cycles—up to 3x quicker than traditional methods—while improving finish quality and reducing labour intensity. Complementing this is Knest's patented hydraulic safety screen, a cutting-edge vertical safety solution that is gaining rapid traction among high-rise developers. Beyond this, the company is set to expand into new categories in formwork & allied construction technology solutions.The investment also supports Knest's sustainability-driven mission. By replacing timber-based formwork, Knest's solutions significantly reduce deforestation. Its products are designed for 150–200 reuse cycles (versus 10–15 for wood), minimising construction waste. Additionally, aluminium's recyclability and Knest's energy-efficient processes contribute meaningfully to responsible construction practices.Sachin Bhartiya, Co-founder and Partner at Lighthouse Funds, said: Knest exemplifies the kind of future-forward, mission-led company we love to back. They're fundamentally transforming how buildings go up. With a sharp focus on sustainability, safety, and speed, Knest is poised to lead the next wave of construction innovation in India.

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