Mumbai (Maharashtra) [India], September 2 (ANI/PNN): India Business Excellence Fund - IV, a fund managed and advised by MO Alternate Investment Advisors Private Limited ("MOPE"), along with India SME Investments - Fund I and Motilal Oswal Finvest Limited have completed an investment of USD 66 Mn in Simpolo Group, India's largest luxury and premium tiles manufacturer. Simpolo Group includes the flagship company Simpolo Vitrified Private Limited and Nexion International Private Limited. Established in 2008, Simpolo Vitrified Private Limited is the market leader in the premium tiles segment in India, is promoted by first generation entrepreneur Jitendra Aghara and is based out of Morbi, Gujarat, one of the largest tiles manufacturing districts in the world. Simpolo has a pan India presence with a robust network of 1,100+ dealers and exports to over 50 countries. Established in 2015, Nexion International Pvt Ltd is a JV between Simpolo promoters and the promoters and former o