Litmus Industries secures growth investment from Avasar Equity Diversified Fund for capacity expansion

KATHMANDU: Litmus Industries Limited, a leading wire, cables, and conductor manufacturer in Nepal, is pleased to announce strategic growth investment from Avasar Equity Diversified Fund, Nepal’s first domestic Private Equity fund.

The investment by Avasar Equity Diversified Fund is a significant milestone for Litmus Industries as it embarks on a journey of capacity expansion by setting up a new state-of-the-art factory in Parasi, Nepal.

The collaboration with Avasar Equity Diversified Fund will enhance Litmus Industries’ production capabilities, streamline its operations, and elevate its market presence, enabling it to meet the growing customer demand while maintaining its commitment to innovation and excellence.

Mr. Rohit Gupta, Managing Director of Litmus Industries Limited, expressed his enthusiasm about the partnership where he stated, “Their confidence in our vision and capabilities is a testament to the hard work and dedication of our team. This partnership will enable us to scale our operations, innovate more rapidly, and ultimately deliver greater value to our customers and stakeholders.”

“Our investment in Litmus Industries underscores our commitment to supporting pioneering companies with the potential to disrupt and lead their respective fields. We are excited to work closely with Litmus Industries and contribute to their continued success,” remarked Mr. Dhruba Timilsina, Chief Executive Officer of Avasar Equity Limited, Fund Manager for Avasar Equity Diversified Fund.