International Finance Corporation (IFC), established in 1956 and headquartered in Washington, D.C., is a member of the World Bank Group dedicated to private sector development in developing countries. The organization provides a range of financial and advisory services to foster economic growth across various sectors, including agriculture, infrastructure, manufacturing, healthcare, education, and technology. IFC invests in both direct projects and funds, focusing on emerging markets and prioritizing sustainability and inclusive development. It offers a diverse array of financial instruments, such as equity, loans, and quasi-equity products, while adhering to strict investment guidelines that exclude certain industries, such as weapons, tobacco, and gambling. IFC typically invests between $1 million and $100 million, supporting projects that are predominantly privately owned in member countries. The organization does not actively manage portfolio companies but seeks to exit investments through equity sales or public listings, often maintaining equity stakes for eight to fifteen years.
Regional Industry Director, Financial Institutions Group, Asia and Pacific
Stephanie Friedeburg
Vice President, Corporate Strategy and Resources
Mohamed Gouled
Vice President, Industries
Cheryl Hanway
Director
Saadia Khairi
Chief Risk Officer and Vice President
Rosy Khanna
Regional Industry Director for Financial Institutions in Asia-Pacific
Alfonso Garcia Mora
Regional Vice President for Europe, Latin America and the Caribbean
Vivek Pathak
Director and Global Head of Climate Business
Mary Peschka
Regional Director for Eastern Africa
Sergio Pimenta
Regional Vice President, Africa
Oumar Seydi
IFC Regional Director, Africa
Sarvesh Suri
Regional Industry Director, Infrastructure and Natural Resources
Dahlia Khalifa
Regional Director of Central Africa, Liberia, Nigeria and Sierra Leone
Past deals in Manufacturing
Bizongo
Series E in 2025
Bizongo is a technology-driven B2B e-commerce and supply chain platform that specializes in packaging, textiles, apparel, and other custom-made products. Founded in 2015 by IIT graduates Aniket Deb, Sachin Agrawal, and Ankit Tomar, the company aims to transform the fragmented and disorganized market of customized goods. With a network of over 1,500 curated manufacturers, Bizongo offers services such as digital vendor management, supply chain automation, and financing solutions. These services help businesses overcome challenges related to inventory management, reduce operational costs, and streamline contract management, thus enhancing efficiency in the production of made-to-order products.
JK Tyre & Industries
Post in 2025
JK Tyre & Industries is a prominent tyre manufacturer based in India, specializing in the development, production, marketing, and distribution of a wide range of automotive tyres and related products. The company offers an extensive portfolio that includes truck and bus radial and bias tyres, passenger car radials, and tyres for two- and three-wheelers, light commercial vehicles, and specialty applications such as racing and military. Additionally, JK Tyre produces off-highway tyres for industrial and agricultural use. Operating in India, Mexico, and other international markets, the company generates the majority of its revenue from its domestic operations, leveraging well-known brands such as JK Tyre, Vikrant, and Tornel.
Profectus Capital
Debt Financing in 2024
Profectus Capital offers financing solutions specifically designed for small and medium-sized enterprises (SMEs) in the manufacturing and service sectors. The company specializes in providing term loans, working capital loans, and financing for machinery and equipment, allowing clients to access tailored and cost-effective loan options. By leveraging technology, Profectus Capital streamlines the loan processing experience, reducing documentation requirements and accelerating lending decisions. This approach enables SMEs to address their needs for capacity expansion, modernization, and supply chain funding effectively.
Kioo
Debt Financing in 2024
Kioo manufactures food grade glass containers. Kioo has experience in technology, operations, logistics, and services, ensuring high-quality, lightweight glass containers.
Grasim Industries
Post in 2024
Grasim Industries Limited is an Indian manufacturing company based in Mumbai, primarily engaged in the production of building materials, viscose staple fiber (VSF), and chemicals. Established in 1947 as a textile manufacturer, it has evolved into a leading global player in the VSF market, accounting for approximately 17% of global production. Grasim is recognized as the largest producer of chlor-alkali chemicals in India and operates a significant cement business through its subsidiary, UltraTech Cement, which has a capacity of 96.5 million tonnes per annum (MTPA). The company has strategically strengthened its operations by focusing on backward integration in key areas such as dissolving grade pulp and caustic soda, essential for VSF production. Grasim's diversified portfolio also includes financial services, which were previously part of Aditya Birla Nuvo and were demerged in 2017 to form Aditya Birla Capital. The majority of Grasim's revenue is generated from the domestic market, supplemented by exports to international markets.
Bizongo
Series E in 2023
Bizongo is a technology-driven B2B e-commerce and supply chain platform that specializes in packaging, textiles, apparel, and other custom-made products. Founded in 2015 by IIT graduates Aniket Deb, Sachin Agrawal, and Ankit Tomar, the company aims to transform the fragmented and disorganized market of customized goods. With a network of over 1,500 curated manufacturers, Bizongo offers services such as digital vendor management, supply chain automation, and financing solutions. These services help businesses overcome challenges related to inventory management, reduce operational costs, and streamline contract management, thus enhancing efficiency in the production of made-to-order products.
BUA Cement
Post in 2023
BUA Cement Plc is engaged in the production and marketing of cement under the brand name “BUA Cement”. Presently the company produces CEM II type of cement in accordance with the Nigerian Industrial Standards. BUA Cement is ideal for all construction purposes in Nigeria. Its unique quality makes it the cement of choice for block-making, plastering and concrete works. Its high early strength, rapid setting and low heat of hydration are all distinct features that characterize our high quality production process.
Meghna Group Of Industries
Debt Financing in 2023
Meghna Group of Industries is a prominent manufacturer and operator of consumer goods and services based in Bangladesh. It operates as a conglomerate, encompassing a diverse range of sectors, including sugar, oil, cement, beverages, tissue, poultry, chemicals, and paper. This extensive portfolio allows the company to cater to various market demands and contribute significantly to the economy. Meghna Group's commitment to quality and innovation has established it as a key player in the consumer products industry within the region.
Assan Alüminyum Sanayi ve Ticaret
Debt Financing in 2023
Assan Alüminyum specializes in the manufacturing of flat rolled aluminium products, including coil, sheet, and foil. Since its establishment in 1988, the company has focused on producing a wide range of aluminium products for various industries. Assan Alüminyum is committed to sustainability, participating in the Aluminium Stewardship Initiative and implementing strategies to produce aluminium without wasting resources. The company also holds the ASI Performance Standard certification, emphasizing its dedication to responsible production practices.
JK Tyre & Industries
Post in 2023
JK Tyre & Industries is a prominent tyre manufacturer based in India, specializing in the development, production, marketing, and distribution of a wide range of automotive tyres and related products. The company offers an extensive portfolio that includes truck and bus radial and bias tyres, passenger car radials, and tyres for two- and three-wheelers, light commercial vehicles, and specialty applications such as racing and military. Additionally, JK Tyre produces off-highway tyres for industrial and agricultural use. Operating in India, Mexico, and other international markets, the company generates the majority of its revenue from its domestic operations, leveraging well-known brands such as JK Tyre, Vikrant, and Tornel.
Sococim Industries
Debt Financing in 2023
Sococim Industries specialises in cement production.
Eurofarma Laboratorios
Debt Financing in 2022
Eurofarma is the first Brazilian multinational pharmaceutical company, founded in 1972, present in Latin America. It operates in all major pharmaceutical segments, occupying the 2nd position in the most prescribed laboratories ranking by the Brazilian medical community and is among the Top 4 generic drug laboratories in the country. Holder of a broad range of products, it also holds licenses and strategic partnerships for the promotion and marketing of third party’s products. The company's sales added up to around US$ 1 billion in 2014, reaching a 20% growth over the previous year. Licenses accounted for 10% of the total, approximately. Eurofarma has the largest medical sales force in Brazil (about 2,000 representatives) and is considered one of the best companies to work for, according to key publications. The company keeps its own operations in 15 countries, has over 10 manufacturing plants strategically located and an ambitious internationalization plan with growing investment in the R&D area.
Bizongo
Series D in 2021
Bizongo is a technology-driven B2B e-commerce and supply chain platform that specializes in packaging, textiles, apparel, and other custom-made products. Founded in 2015 by IIT graduates Aniket Deb, Sachin Agrawal, and Ankit Tomar, the company aims to transform the fragmented and disorganized market of customized goods. With a network of over 1,500 curated manufacturers, Bizongo offers services such as digital vendor management, supply chain automation, and financing solutions. These services help businesses overcome challenges related to inventory management, reduce operational costs, and streamline contract management, thus enhancing efficiency in the production of made-to-order products.
Baalbaki Chemical Industries
Debt Financing in 2021
Baalbaki Chemical Industries manufactures and distributes polyester polyols, polyurethane systems, polyurethane auxiliaries, specialty adhesives, and coatings, as well as prepolymers. Baalbaki Chemical Industries offers polyesters, bulk delivery options, and a full range of polyurethane sstems for applications such as insulation, footwear, automotive, seating, and adhesives.
Bizongo
Series C in 2021
Bizongo is a technology-driven B2B e-commerce and supply chain platform that specializes in packaging, textiles, apparel, and other custom-made products. Founded in 2015 by IIT graduates Aniket Deb, Sachin Agrawal, and Ankit Tomar, the company aims to transform the fragmented and disorganized market of customized goods. With a network of over 1,500 curated manufacturers, Bizongo offers services such as digital vendor management, supply chain automation, and financing solutions. These services help businesses overcome challenges related to inventory management, reduce operational costs, and streamline contract management, thus enhancing efficiency in the production of made-to-order products.
Brandix
Debt Financing in 2021
Brandix offers Inspired Solutions to well-known brands. Its vertically integrated supply chain, expanding global network of manufacturing and operating locations, motivated employee base, and infrastructure have enabled it to deliver millions of garments to customers.
Bizongo
Series C in 2021
Bizongo is a technology-driven B2B e-commerce and supply chain platform that specializes in packaging, textiles, apparel, and other custom-made products. Founded in 2015 by IIT graduates Aniket Deb, Sachin Agrawal, and Ankit Tomar, the company aims to transform the fragmented and disorganized market of customized goods. With a network of over 1,500 curated manufacturers, Bizongo offers services such as digital vendor management, supply chain automation, and financing solutions. These services help businesses overcome challenges related to inventory management, reduce operational costs, and streamline contract management, thus enhancing efficiency in the production of made-to-order products.
Ramkrishna Forgings
Post in 2020
Ramkrishna Forgings Limited is an Indian manufacturer specializing in open and closed die forgings made from carbon and alloy steel, micro alloy steel, and stainless steel. Established in 1981 and headquartered in Kolkata, the company produces a diverse range of products, including crown wheels, crankshafts, connecting rods, and various components for the automotive and railway sectors. Their offerings also extend to critical safety items such as screw couplings and bolster suspensions. Ramkrishna Forgings serves both domestic and international markets, supplying to original equipment manufacturers (OEMs) like TATA Motors and Ashok Leyland, as well as global clients such as Meritor. With a focus on quality and state-of-the-art manufacturing facilities, the company caters to various industries, including mining, farm equipment, general engineering, and oil and gas.
DCM Shriram Industries
Post in 2020
DCM Shriram Industries Limited is a diversified manufacturing company based in New Delhi, India, founded in 1932. The company operates through three primary segments: Sugar, Industrial Fibres and Related Products, and Chemicals. Its sugar segment produces a variety of products, including plantation white crystal sugar, refined sugar, and specialty sugars for the food and pharmaceutical industries. The Industrial Fibres segment manufactures rayon and nylon products, such as tyre yarns and fabrics. The Chemicals segment offers a range of organic and fine chemicals, serving various industries. Additionally, DCM Shriram is involved in power generation and produces bulk alcohol for liquor, chemical, and pharmaceutical manufacturers. The company serves both domestic and international markets, generating significant revenue from its operations in India as well as in Europe and China.
Bizongo
Series C in 2020
Bizongo is a technology-driven B2B e-commerce and supply chain platform that specializes in packaging, textiles, apparel, and other custom-made products. Founded in 2015 by IIT graduates Aniket Deb, Sachin Agrawal, and Ankit Tomar, the company aims to transform the fragmented and disorganized market of customized goods. With a network of over 1,500 curated manufacturers, Bizongo offers services such as digital vendor management, supply chain automation, and financing solutions. These services help businesses overcome challenges related to inventory management, reduce operational costs, and streamline contract management, thus enhancing efficiency in the production of made-to-order products.
LD Celulose
Debt Financing in 2019
LD Celulose is a prominent manufacturer of dissolving wood pulp, formed as a joint venture between Lenzing and Dexco. The company operates a large facility in the Triângulo Mineiro region of Brazil, which has the capacity to produce up to 500,000 tons of dissolving wood pulp annually. This pulp is primarily utilized in the textile industry to create innovative and eco-friendly fabrics. In addition to pulp production, the plant generates 144 MW of clean energy, contributing 40 percent of its excess bioelectricity to the public grid. LD Celulose also manages 70,000 hectares of eucalyptus plantations, supporting its sustainable practices and commitment to environmental responsibility.
Bizongo
Series C in 2019
Bizongo is a technology-driven B2B e-commerce and supply chain platform that specializes in packaging, textiles, apparel, and other custom-made products. Founded in 2015 by IIT graduates Aniket Deb, Sachin Agrawal, and Ankit Tomar, the company aims to transform the fragmented and disorganized market of customized goods. With a network of over 1,500 curated manufacturers, Bizongo offers services such as digital vendor management, supply chain automation, and financing solutions. These services help businesses overcome challenges related to inventory management, reduce operational costs, and streamline contract management, thus enhancing efficiency in the production of made-to-order products.
Bizongo
Series B in 2018
Bizongo is a technology-driven B2B e-commerce and supply chain platform that specializes in packaging, textiles, apparel, and other custom-made products. Founded in 2015 by IIT graduates Aniket Deb, Sachin Agrawal, and Ankit Tomar, the company aims to transform the fragmented and disorganized market of customized goods. With a network of over 1,500 curated manufacturers, Bizongo offers services such as digital vendor management, supply chain automation, and financing solutions. These services help businesses overcome challenges related to inventory management, reduce operational costs, and streamline contract management, thus enhancing efficiency in the production of made-to-order products.
Craftsman Automation
Venture Round in 2018
Craftsman Automation Limited is an engineering company based in Coimbatore, India, specializing in the design, development, and manufacture of precision components. The company operates across three primary segments: automotive powertrain products, automotive aluminum products, and industrial and engineering products. Its automotive offerings include engine components such as cylinder blocks, transmission parts, and turbochargers, alongside aluminum parts like crankcases and wheel hubs. In the industrial sector, Craftsman Automation produces gearboxes, material handling solutions, and precision-engineered machinery. The company's clientele includes notable firms such as General Electric, Daimler, and Tata Motors. With manufacturing facilities located in various cities including Pune, Chennai, and Bangalore, Craftsman Automation primarily serves the domestic market while also exporting its products. Founded in 1986, the company has established a reputation for delivering high-quality, complex precision-engineered components to a diverse range of industries, including automotive and industrial sectors.
Sunpreme
Series B in 2011
Sunpreme Inc. is a solar photovoltaic company that specializes in designing, developing, and manufacturing hybrid solar cell technology. The company offers a range of products, including bi-facial solar panels suitable for commercial ground, commercial rooftop, residential rooftop, and tropical rooftop applications. Sunpreme’s solutions cater to various sectors, including K-12 schools, municipalities, corporate parking lots, and residential buildings. The company operates across the United States as well as in several countries, including Brazil, Canada, China, and India. Its manufacturing facility is located in Jiaxing, China. Founded in 2009 and based in Santa Clara, California, Sunpreme focuses on producing high-quality solar products that generate electricity efficiently from both sides of the panel, making them suitable for diverse environmental conditions. The company is committed to meeting the growing global demand for clean energy through its innovative technology and comprehensive solar energy services.
Microvast
Series A in 2011
Microvast is a technology company that specializes in the design, development, and manufacturing of lithium-ion battery solutions, particularly for electric vehicles. Founded in 2006 and based in Huzhou, China, the company also has offices in the United States, Europe, the Middle East, and Africa. Microvast is recognized for its advanced cell technology and its ability to integrate the entire production process, from raw materials to final battery assembly. This vertical integration allows the company to offer a range of products, including ultra-fast charging, long-life battery power systems, lithium-ion battery materials, and battery systems for hybrid-electric vehicles, all designed with a focus on safety and performance.
Lattice Power
Series C in 2010
Lattice Power (Jiangxi) Corporation is a high-tech enterprise based in Nanchang, China, specializing in the research and production of silicon substrate materials for gallium nitride (GaN) based light-emitting diodes (LEDs). Founded in 2006, the company focuses on innovative LED technologies, offering a wide range of products including high-power LED chips, which have received national recognition for their advanced technology. Lattice Power's product lineup encompasses solutions for commercial lighting, display applications, liquid-crystal display (LCD) backlighting, and vehicle lighting, including interior lights and intelligent driving assistance systems. The company is known for its proprietary GaN blue light emitting diodes with silicon substrates, supported by numerous patents, and maintains a diverse technological foundation that includes sapphire and carborundum substrates. As a subsidiary of Shunfeng International Clean Energy Limited, Lattice Power continues to contribute to the evolution of LED technology, emphasizing cost-effective and efficient lighting solutions.
De Novo
Series A in 2010
De Novo LLC is a Ukrainian company specializing in Infrastructure as a Service (IaaS) and data center solutions. Recognized for its technology and reliability by industry leaders, the firm offers a range of services including IT infrastructure transformation, data center engineering, software infrastructure solutions, and information lifecycle management. De Novo supports businesses in optimizing their operations through services such as IT service management automation, computing infrastructure consolidation, and centralized data security. The company caters primarily to sectors including banking, insurance, retail, and manufacturing, enabling these industries to securely store, manage, and process their data. Based in Kyiv, De Novo is committed to helping organizations enhance their efficiency and flexibility in a rapidly evolving digital landscape.
HNG Float Glass
Venture Round in 2007
HNG Float Glass Ltd. is a glass manufacturing company based in Mumbai, India, with a registered office in Kolkata and additional sales offices in Mumbai and Janak Puri. Founded in 2006, the company specializes in designing, manufacturing, distributing, and installing a variety of float and safety glass products. Its diverse portfolio includes clear, tinted, and reflective float glass, mirrors, and low iron solar glass, ensuring customers receive uniform thickness and scratch-resistant, bubble-free products. These glass solutions are utilized in numerous applications such as curtain wall glazing, windows, shop fronts, structural glass, shower enclosures, furniture, table tops, partitions, and balustrades. HNG Float Glass markets its products through a network of suppliers and operates as a subsidiary of Trakya Cam Sanayii A.S.
PSL
Post in 2006
PSL Limited, established in 1987 and headquartered in Mumbai, India, specializes in manufacturing and supplying anti-corrosive coated steel pipes. The company is the largest producer of HSAW pipes in India, serving various sectors including oil, gas, water transmission, and construction. Its product offerings include spiral weld pipes and a range of pipe coating services such as polyethylene and fusion-bonded epoxy. PSL also provides turnkey project services encompassing pipe mill operations, coating activities, and structural steel building manufacture. The company is actively involved in the export of its products and has secured significant international orders, reflecting its global presence. Additionally, PSL's advanced production facilities, supported by technical collaborations with leading European consultancies, ensure high-quality output and timely project delivery.
Plug Power
Grant in 2005
Plug Power Inc. is a leading provider of hydrogen fuel cell solutions, focusing on the electric mobility and stationary power markets in North America and Europe. The company specializes in proton exchange membrane (PEM) fuel cell and fuel processing technologies, along with hybrid systems and hydrogen storage infrastructure. Its product offerings include GenDrive, a PEM fuel cell system for electric material handling vehicles; GenFuel, a hydrogen fueling and storage system; GenCare, a maintenance service for its fuel cells; GenSure, a modular fuel cell solution for backup power; and ProGen, a fuel cell technology used in various applications. Plug Power has deployed over 40,000 fuel cell systems, establishing a significant presence in the market and becoming the largest buyer of liquid hydrogen. The company aims to build a comprehensive green hydrogen ecosystem, facilitating the transition to sustainable energy solutions across multiple industries, including retail, transportation, and utilities. Founded in 1997, Plug Power is headquartered in Latham, New York.
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