Entellus Industries Private Limited, a manufacturer of rare earth metals and alloys, has raised INR 500 million in a funding round to expand manufacturing capacity and broaden its product portfolio in India. The capital will be used primarily for capital expenditure and commercialisation of existing products.
The funding round was led by ZeroW, a deeptech-focused investment firm backed by the Mekapati Family Office, which is the promoter of KMC Group. The investment will support its entry into sintered alloy manufacturing and help scale operations across its existing rare earth materials business.
The company plans to expand into the production of sintered alloys and increase market deployment of its current product range. As part of the expansion, Entellus expects to build capabilities to support production of up to 2,000 tonnes of magnets per year once the planned facilities are fully operational.
Founded in 2022 by Simha Kumar and Nagarajan Mahadeven, Entellus focuses on manufacturing rare earth metals and alloys used in permanent magnets. Its current product portfolio includes neodymium-praseodymium (NdPr) metal, bonded powders and strip-cast alloys, which are key inputs for permanent magnet production. These materials are used across sectors such as electric vehicles, wind energy, defence and advanced electronics.
Kumar said the company has already demonstrated technical capabilities in rare earth metal and alloy manufacturing within India and intends to build on this foundation to strengthen domestic magnet manufacturing. He said the expansion is aimed at leveraging this early technical progress to support India’s participation in global rare earth magnet supply chains.
Sintered alloys are produced through powder metallurgy processes, in which metal powders are compacted and heated below their melting point to form dense, high-performance components. Expanding into this segment would allow Entellus to move further along the permanent magnet value chain.
The latest funding follows an earlier capital raise of USD 12 million in 2022 from Social Capital, which was used to establish operations and set up manufacturing facilities in Tamil Nadu. Entellus did not disclose timelines for the completion of its current expansion plans.
Entellus Industries is a privately held manufacturing company focused on rare earth metals, alloys and magnet-related materials, with operations centred in India.
