Private equity funds India Business Excellence Fund – IV and Motilal Oswal Finvest completed a $66m investment in Simpolo Group, a luxury and premium tiles maker. “MOPE’s experience to create leaders in the manufacturing sector and the expertise gained from their real estate fund will be instrumental in elevating Simpolo Group to one of the leaders in the building materials industry in India,” Jitendra Aghara, Simpolo Group CMD.