Lighthouse Funds, a mid-market private equity firm in India, has invested Rs 300 crore (about $35.2 million) in Knest Manufacturers, a construction technology company specialising in next-generation building systems, including aluminium formwork and patented hydraulic safety screens.
Founded in 2015 in Pune, Knest claims to provide modern construction technologies that accelerate project delivery, enhance worker safety, and reduce environmental impact.
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.
“We are building far more than formwork—we are building the future of Indian construction, of high rises, sprawling skylines, and sustainable urban ecosystems,” said Knest founder Nitin Mittal.
“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.”
“They are fundamentally transforming how buildings go up,” said Sachin Bhartiya, Co-founder and Partner at Lighthouse Funds.
Founded in 2006, Lighthouse has invested in over 35 companies across the country, with assets under management now exceeding Rs 12,000 crore. Lighthouse’s marquee investments include leading Indian brands such as Bikaji Foods, Cera Sanitaryware, Dhanuka Agritech, Duroflex Mattresses, Fabindia, Kama Ayurveda, Kushal’s Retail, Nykaa, Parsons Nutritionals, Poly Medicure, Safari, Shaily Engineering, Stylam Industries, Tynor Orthotics, Unibic Foods and Wow! Momo, among others.
