Quadria Capital has invested approximately INR 5,000 million (USD 67 million) in Nobel Hygiene to acquire a significant minority stake, following the exit of previous investors Access India Fund and CLSA Capital Partners.

Information on the Target

Nobel Hygiene, established by Mr. Kamal Kumar Johari, is a leading manufacturer in the personal hygiene sector, particularly known for its stronghold in the adult diaper market. With a remarkable market share exceeding 50% in India, the company has positioned itself as a key player within the industry. Nobel Hygiene is recognized for its superior manufacturing capabilities, ensuring high-quality products that meet consumer demands.

Beyond adult diapers, Nobel Hygiene has successfully expanded its product offerings to include baby diapers and feminine hygiene products, leveraging its extensive pan-India distribution network. This enables the company to reach a diverse customer base, driving its growth in these expansive and competitive sectors.

Industry Overview in India

The personal hygiene industry in India is witnessing significant growth, fueled by increasing awareness of hygiene and rising disposable incomes among consumers. With a growing population and changing lifestyle pat

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Quadria Capital

invested in

Nobel Hygiene

in

in a Other Private Equity deal

Disclosed details

Transaction Size: $67M

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