Padmini VNA Group (PVNA), an Indian auto-component manufacturer, on 16 December 2025 announced that it has secured a strategic growth investment of INR 7.5 billion from Norwest as it moves into its next phase of expansion and product development. The investment is aimed at supporting the company’s focus on clean, connected and future-ready urban mobility solutions, as well as its plans for global market expansion.
The partnership with Norwest is intended to accelerate innovation in clean and connected mobility technologies, strengthen the group’s presence in high-growth automotive segments, and support its long-term transformation as an R&D-led enterprise with an international footprint.
“For over 30 years, we have built this group on a singular belief that world-class mobility innovation can be conceived, engineered and scaled from India,” said Kabir Bhandari, Managing Director and Chairman of PVNA. “With more than 100 patents and a strong in-house R&D culture driven by over 200 R&D professionals, we have consistently focused on building differentiated, future-ready solutions for evolving urban transit and mobility needs.”
Bhandari said that the investment from Norwest validates the company’s strategy and ambitions. “Partnering with Norwest is a strong validation of this journey and our ambition to build a truly global, innovation-led Indian mobility enterprise,” he added.
Norwest said the investment reflects its confidence in PVNA’s technology-led positioning and leadership team. “We are delighted to partner with Kabir and Viveka, who have built Padmini as a highly differentiated, IP-driven auto-component platform, anchored in a strong culture of R&D and innovation,” said Niren Shah, Managing Director and Head of Norwest India. He noted that the company’s mechatronics portfolio spans multiple powertrains, vehicle segments and original equipment manufacturers (OEMs), positioning it to benefit from India’s transition towards electric vehicles and connected technologies.
Over the past three decades, PVNA has developed a broad product portfolio that includes emission control solutions, sensors, braking applications, thermal management systems, actuators, seat solutions, motors, solenoid valves and advanced electric drive technologies. The company operates research, testing and manufacturing facilities in India and supplies components to both Indian and global OEMs.
PVNA serves customers across the two-wheeler, passenger vehicle, commercial vehicle and construction equipment and off-road segments. The company has positioned research and development as a central pillar of its operations, with a focus on proprietary technology, quality systems and scalable manufacturing processes.
Padmini VNA Group is an India-based auto-component manufacturer focused on mechatronics and mobility solutions, with operations spanning research and development, manufacturing and supply to domestic and international automotive OEMs.
