Home Gemco Kati Exploration Pvt. Ltd. Gemco Kati Exploration Pvt. Ltd. In brief Gemco Kati Exploration Pvt. Ltd. is a mineral exploration company owned by Finnish Oy Kati Ab and Indian founders. The company was founded in 2010 in Chandrapur, India, and it conducts drilling services mainly for mining prospectors and Indian authorities. Finnfund’s financing is targeted to enable the company’s further expansion by adding high-quality rigs and support vehicles into its fleet. Main development impact India has an ambitious plan to increase the mining of metals and minerals to service the increasing domestic demand and reduce imports. Gemco Kati has established itself as one of the leading professional and quality drilling and exploration companies servicing mining companies in India with international standards. In addition to indirectly supporting national industrial development, the company is an important factor in supporting local economies through jobs, salaries, domestic purchases, and taxes. It is expected that the expansion of operations will lead to an increase in the number of jobs from 280 to 680 in five years. The company relies heavily on local suppliers in its operations and 75% of the capital expenditure supported by this investment will be used for purchases from local suppliers. Investment details Name: Gemco Kati Exploration Pvt. Ltd. Project number: 80000065 Region: Asia Country: India Sector: Other sector Signing date (month/year): April 2022 Currency: EUR Finnfund's financing (commitment): 2,000,000 Instrument: Loan Size of the project financing: EUR 2,930,000 Share of Finnfund's financing (%): 68 % Status: Active Website: https://www.gemcokati.com/ Please note, that in principle, this information is given at the time of signature according to Finnfund's disclosure policy. However, in the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing, and information on the portfolio companies financed by the fund is updated at least once a year.April Read our transparency and disclosure policy More information: Ajankohtaista ja julkaisut Nykyiset investoinnit Toimialat Yhteystiedot Key facts Name: Gemco Kati Exploration Pvt. Ltd. Sector: Other sector Region: Asia Country: India Currency: EUR Finnfund's financing (commitment): 2,000,000 Signing date (month/year): April 2022 Last update: September 2022