Categories: News

Knest Onboards Lighthouse Funds as a Strategic Partner, Secures a landmark 300 Crore Backing

PUNE, India, June 20, 2025 /PRNewswire/ — In a move that underscores the rising global confidence in India’s construction technology sector, Knest Manufacturers Pvt. Ltd., one of the world’s leading construction technology companies, has raised ₹300 crore from Lighthouse Funds. The strategic infusion marks a significant milestone in Knest’s journey to redefine how India and the world build.

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With the investment, Knest plans to double down on its R&D efforts, expand production capabilities and accelerate vertical integration. Knest has been bringing both Make In India and Made In India to the forefront; this investment is set to further that.

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Nitin Mittal, Chairman & Managing Director, Knest, remarked, “We are building far more than formwork—we are building the future of Indian construction of high-rises, sprawling skylines & sustainable urban ecosystems. In Lighthouse, we gain not just capital but a like-minded partner who shares our vision for innovation, operational excellence, and sustainability. It’s an honour to lead the sector, a responsibility we embrace with humility and unwavering commitment.”

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Knest’s flagship aluminium formwork systems are custom-designed to enable faster, more cost-optimised construction cycles—up to 3x quicker than traditional methods—while improving finish quality, reducing labour intensity and lowering environmental impact.

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Complementing this is Knest’s patented hydraulic safety screen, a cutting-edge vertical safety solution that is gaining rapid traction among high-rise developers. Looking ahead, the company plans to diversify into adjacent formwork and construction technologies, all while staying rooted in sustainable practices.

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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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The Systematix Group acted as the exclusive advisor on this transaction.

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About Knest

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Founded in 2015, Knest has steadily emerged as the flagbearer of next-generation building systems, including aluminium formwork technology and hydraulic safety screens. With patented technologies, an expanding international footprint of 8+ countries, and an unrelenting focus on quality, the company is transforming the landscape of high-rise development.

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Headquartered in Pune, the company operates three state-of-the-art manufacturing facilities across Maharashtra and Gujarat. This production infra has an expanse of 10,00,000+ Sq. Ft. and an annual capacity of 2,00,000+ Sq. Mt. aluminium formwork, and an expanding line of construction safety solutions.

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Logo – https://mma.prnewswire.com/media/2714886/Knest_Manufacturers_Logo.jpg

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