Ozone Overseas, a renowned brand in the home and office improvement solutions market, recently announced that it has successfully secured INR 250 crore growth funding from PAG-backed Nuvama Private Equity. With this investment, Ozone Overseas aims to bolster its existing growth chart by expanding its manufacturing capacity, reinforcing brand presence, and exploring potential synergistic acquisitions. Established in 1999, Ozone Overseas has emerged as a trusted market leader, providing a diverse range of 5000+ products, including glass fittings, shower enclosures, kitchen and furniture fittings, door fittings, railing solutions, fingerprint locks and digital safes. The company’s adherence to international quality standards, a robust distribution network of 7000+ retailers, and outstanding after-sales service have solidified its position as an industry frontrunner.

Alok Aggarwal, Chief Executive Officer and Managing Director, Ozone Overseas
Alok Aggarwal, Chief Executive Officer and Managing Director, Ozone Overseas

Alok Aggarwal, Chief Executive Officer and Managing Director, Ozone Overseas, highlighting the growth prospects enabled by the capital infusion, stated, “By leveraging this capital, we are well-positioned to accelerate our growth trajectory. Our focus remains on building a consumer-first brand that resonates across touchpoints, including franchise outlets, e-commerce platforms, experience centres, and an extensive retail network. Strengthening our after-sales service and delivering solution-focused products will further enhance our customer experience. As we expand our manufacturing and R&D facilities, we proudly contribute to the Make in India for the World journey. With our strategic network expansion into tier 2 and tier 3 cities, we aim to bring our innovative home and office improvement solutions closer to a wider audience.”

Commenting on the investment, Pranav Parikh, Managing Partner, Nuvama Private Equity, said, “This investment seamlessly aligns with Crossover’s investment philosophy of backing industry leaders who have a demonstrated track record and exhibit robust growth prospects. The strong momentum in commercial and residential segments is expected to lead to the demand for ancillary building and architectural hardware solutions that Ozone Overseas specializes in. The inherent growth in these markets is further enhanced by structural trends such as premiumization as well as increased use of modern materials and feature-rich designs, driving up the volume and value of architectural products used across home and office markets”.

He hopes to see an increasing shift from an unorganized to an organized hardware market in India and expects consolidation of market share among a few large players over the next decade. “In our view, Ozone Overseas, given its brand, market reputation, omnichannel approach and high-quality management team, is very well-positioned to take a disproportionate share of this opportunity,” he added.

Over the past two decades, Ozone Overseas has established an extensive network of retailers across India, a robust global supply chain, and a sophisticated logistics network. The company’s technical support and product development enterprise has further solidified its position as a leading Make in India brand worldwide.

For more details, contact:
Ozone Overseas Pvt. Ltd.
Website: www.ozone-india.com
Email: customercare@ozone-india.com
Phone: +91-9310012300

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