SKF India, a manufacturer of bearings, plans to expand manufacturing capacity across both its automotive and industrial segments by 2030. These expansion plans involve the company’s plants in Haridwar, Bangalore and Pune. The Haridwar plant is set for a 50 percent capacity increase, supported by an investment of INR 1,000–1,500 million, targeted for completion by […]
Hitachi Energy India Ltd. reported a 228% year-on-year increase in orders for the financial year ending March 31, 2025, driven by a large high-voltage direct current (HVDC) order. The company’s annual revenue rose 23% to INR 64.421 billion, while profit after tax increased 134% from the previous year. For the January–March 2025 quarter (Q4FY25), orders […]
Adani Enterprises Ltd (AEL) reported a 26% year-on-year increase in consolidated EBITDA to INR 167.22 billion for the financial year ended March 31, 2025. Consolidated profit before tax rose 16% to INR 65.33 billion. Total revenue for the year grew by 2% to INR 1.00365 trillion. The company also recognized an exceptional pre-tax gain of […]
IDBI Capital Markets & Securities Ltd has announced its exit from two portfolio companies, Sagar Defence Engineering Pvt. Ltd. and Zeus Numerix Pvt. Ltd. The investments were made through the Maharashtra Defence and Aerospace Venture Fund (MDAVF), a SEBI-registered Category II Alternative Investment Fund managed by IDBI Capital. The fund has invested approximately INR 4.15 […]
Pitti Engineering Limited, a precision engineering company, reported consolidated revenue of INR 17.4336 billion for the financial year ending March 2025, reflecting a year-on-year growth of 34.87%. Consolidated EBITDA rose by 49.77% to INR 2.7112 billion, while profit after tax (PAT) increased by 36.32% to INR 1.2228 billion. Lamination sales volumes for the year stood […]
TVS Motor Company reported sales of over 4.7 million two-wheelers and three-wheelers and revenue of INR 362.51 billion for the financial year 2024-25, reflecting a 14% growth compared to INR 317.76 billion in 2023-24. The company’s operating EBITDA margin for the year improved by 120 basis points to 12.3%, while profit before tax (PBT) rose […]
Garuda Aerospace has raised approximately INR 1 billion in a series B funding round led by Venture Catalysts. The company stated that the investment will support the scaling of its drone production capabilities and the development of an R&D and testing centre focused on advanced defence drone systems. According to Garuda Aerospace, the funding was […]
EKI Energy Services has announced an investment in Tvasta Manufacturing Solutions, a Chennai-based company engaged in additive manufacturing. The move involves a minor equity stake and is intended to generate returns on EKI’s surplus funds. The partnership is expected to be formalised by April 30, 2025. Founded in 2016 by Adithya Jain, Parivarthan Reddy, and […]
TVS Motor Company announced that its wholly owned subsidiary, TVS Motor (Singapore) Pte Ltd, has divested its stake in ION Mobility Pte. Ltd., a Singapore-based electric vehicle company. In exchange, TVS has acquired certain identified assets from ION Mobility for a net cash consideration of approximately USD 1.75 million. According to financial disclosures, ION Mobility […]
Samvardhana Motherson International Limited (Motherson) has approved an investment of up to INR 2 billion in its subsidiary, CIM Tools Private Limited, through the subscription of 9.25% Compulsory Convertible Debentures (CCDs). The investment, which will be executed in one or more tranches, is expected to increase Motherson’s shareholding in CIM Tools from 55% to approximately […]
