Nine Rivers Capital has invested in Seinumero Nirman Private Limited through its Aurum Rising India Fund, marking the third investment by the fund and reinforcing its focus on India’s precision manufacturing sector. The transaction involves a minority stake, with the capital intended to support the company’s next phase of growth and institutional development.
The investment is aimed at strengthening Seinumero Nirman’s manufacturing capabilities, expanding capacity, and supporting organisational professionalisation as the company scales its operations across domestic and export markets. The firm did not disclose the financial terms of the transaction.
Seinumero Nirman Private Limited is a Pune-based precision engineering and manufacturing company supplying safety-critical machined and forged components to customers in the automotive, defence, and hydraulic segments. The company manufactures products such as steering knuckles, differential casings, axle beams, wheel hubs, hydraulic valves, and generator components, where dimensional accuracy and process reliability are critical.
Established in 1992 by Chintamani Mengale, the company is currently led by Parag Mengale and Tushar Mengale. Over the past three decades, Seinumero Nirman has evolved from a small workshop into an export-oriented supplier to global Tier-1 suppliers and original equipment manufacturers. The company operates a large manufacturing facility at Shindewadi near Pune, equipped with more than 100 CNC machines along with conventional machining infrastructure, and holds TS-16949 certification for automotive supply chains.
The investment is expected to support Seinumero Nirman’s preparation for the requirements of larger customers and public markets, including governance processes, capacity augmentation, and operational scalability. The Aurum Rising India Fund typically targets companies in the late-growth or pre-initial public offering stage, with an investment horizon of 18 to 36 months. While the exact investment amount was not disclosed, Nine Rivers Capital typically invests between INR 150 million and INR 300 million for significant minority stakes.
Nine Rivers Capital manages the Aurum Rising India Fund, a Category II Alternative Investment Fund that focuses on manufacturing and consumption-led businesses across mainland India. The fund generally invests in small and mid-sized enterprises that are transitioning from founder-led operations to professionally managed growth platforms.
The transaction comes amid increasing investor interest in India’s precision manufacturing ecosystem, driven by global supply chain diversification strategies, higher localisation requirements from automotive and industrial original equipment manufacturers, and policy-led demand in defence manufacturing. Companies with established export credentials and complex machining capabilities have attracted attention as global customers look to diversify sourcing beyond China.
Seinumero Nirman employs several hundred people across its manufacturing operations and supports international customers through just-in-time and vendor-managed inventory models, enabling closer integration with global supply chains.
Nine Rivers Capital was founded by Sandeep Daga and focuses on applying private equity-style research and portfolio engagement to small-cap and unlisted investments in India.
