Craftsman Automation Limited will expand its manufacturing footprint in Tamil Nadu through an acquisition by its wholly owned subsidiary DR Axion India Private Limited, aimed at securing land for a new production facility in the Chennai Metropolitan Area. The transaction involves the purchase of two special purpose vehicles that collectively own 52.83 acres of industrial land in Kancheepuram district, a key manufacturing corridor near Chennai.
DR Axion entered into a share purchase agreement on 19 December 2025 to acquire 100 percent of the paid-up equity shares of Suprash Developers Private Limited and, indirectly, its wholly owned subsidiary Srikara Technologies Private Limited. The acquisition is intended to support the establishment of a new plant, unit, or factory by DR Axion in Tamil Nadu.
DR Axion India is a manufacturer in the automotive components sector, specialising in aluminium components for passenger vehicles. The company produces lightweight aluminium parts such as cylinder heads and cylinder blocks using gravity and low-pressure die casting processes for internal combustion engines and related applications. These parts are supplied to automobile original equipment manufacturers (OEMs) in the passenger vehicle segment. The company was originally incorporated in 2006 (previously named DR Enterprise Automotive Private Limited) and became a subsidiary of Craftsman Automation Limited following acquisition of equity stakes in stages, culminating in full ownership by Craftsman.
Suprash and Srikara are engaged in the business of acquiring, developing, and leasing industrial, logistics, and warehousing projects. The two entities collectively own land located at Araneri Village, Sriperumbudur Taluk, in Kancheepuram district, which will be utilised for DR Axion’s upcoming manufacturing facility.
The total consideration for the acquisition is INR 1,458.4698 million, to be paid in cash. This amount covers the purchase of 22,850 equity shares of Suprash, each with a face value of INR 10, acquired at a premium of INR 63,818 per share. Upon completion, Suprash will become a wholly owned subsidiary of DR Axion, while Srikara will become a step-down subsidiary of DR Axion and, consequently, of Craftsman Automation. Both Suprash and Srikara reported nil turnover for the last three financial years, including FY 2024–25, and were incorporated in October 2022 and October 2021, respectively.
Craftsman Automation Limited is an India-based engineering company engaged in manufacturing precision components and systems for the automotive, industrial, and engineering sectors, with multiple production facilities across the country.
