Lighthouse Funds has invested ₹300 crore in Knest Manufacturers, a construction technology company, specialising in next-generation building systems, including aluminium formwork and patented hydraulic safety screens.
The ₹300 crore investment by Lighthouse will be used 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.
Founded in 2015, Knest provides modern construction technologies that accelerate project delivery, enhance worker safety, and reduce environmental impact.
Headquartered in Pune, the company operates three 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.
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.
This investment is also expected to boost Knest’s sustainability-driven mission. The company’s solutions replace timber-based frameworks, and its products are designed for 150 to 200 reuse cycles, which minimises construction waste.
Nitin Mittal, Founder of Knest, said, “We are building far more than formwork—we are building the future of Indian construction, of high rises, sprawling skylines & sustainable urban ecosystems. 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.”
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.”
