Shepherd’s Hill Invests in Raina Industries’ Advanced Materials Growth

A strategic partnership to scale non-corrosive, fibre-based technologies for infrastructure, energy, and defence.

Shepherd’s Hill Private Equity Fund has invested in award-winning Raina Industries, strengthening India’s emerging ecosystem for sustainable, high-performance fibre-based advanced materials across multiple industrial sectors.

Shepherd’s Hill Private Equity Trust, a SEBI-registered AIF (Category II), through its Ashra Private Equity Fund, has announced a strategic investment in Raina Industries Private Limited — a National Award-winning leader in advanced materials, known for its pioneering work in fibre-based, non-corrosive technologies for infrastructure, energy, and defence sectors.

Shepherd’s Hill Group, established in 2011, oversees capital across public and private markets and is known for its disciplined, long-term value-investing philosophy. The investment marks a major move toward supporting a technology-led enterprise poised for high-impact expansion. The financial terms of the transaction remain undisclosed.

Founded by Dr.-Ing. Mohit Raina — an alumnus of VJTI Mumbai, IIT Delhi, and RWTH Aachen University — Raina Industries is a frontrunner in introducing German textile- and fibre-reinforced technologies to India, including Textile Reinforced Concrete (TRC) and Fibre Reinforced Composites. These corrosion-free materials offer major performance benefits such as significant weight reduction and a sharply lower carbon footprint.

Raina Industries was honoured with the National Award (2021) for Successfully Commercializing Indigenous Technology for its TRC innovation platform.

“We are incredibly impressed with Dr. Raina and the Raina Industries team,” said Rishi Gupta, Founder of Shepherd’s Hill. “Their proprietary fibre-based solutions address one of the construction industry’s largest challenges — corrosion — while enabling major environmental benefits. Raina Industries isn’t just a manufacturer; it’s an innovation platform with the potential to redefine material performance across sectors. We’re aligned with their long-term vision and excited to support their next phase of growth.”

Raina Industries is shifting from a conventional contracting model to a technology- and IP-led advanced materials company, aiming to scale applications using its proprietary solutions. The fresh investment will support focused capital expenditure, specialised hiring, and further R&D to expand its high-value project portfolio.

“This partnership with Shepherd’s Hill is a powerful validation of our mission,” said Dr. Mohit Raina, Managing Director & CEO of Raina Industries. “From day one, our goal has been to be a solution provider using fibres as enablers for a sustainable world. Having proven our technology in construction, we’re now expanding into next-generation domains — including Marine Infrastructure, Renewable Energy (Hydrogen Storage, Solar Facades), Transportation (Roads & Railways), and Defence & Aerospace. With Shepherd’s Hill’s support, we are accelerating our journey from the lab to large-scale deployment, building a globally relevant advanced materials enterprise from India.”

The collaboration brings together Shepherd’s Hill’s strong investment expertise and Raina Industries’ validated materials technology, reinforcing leadership in sustainable, corrosion-resistant advanced materials across multiple fast-growing sectors, both in India and worldwide.