Ramkrishna Forgings Acquires Multitech Auto and Mal Metalliks

25 Jul 2023 , 10:48 AM

Ramkrishna Forgings Ltd acquires Multitech Auto Private Ltd and its wholly-owned subsidiary Mal Metalliks for Rs 205 crore.

Multitech Auto and Mal Metalliks are manufacturers of various automobile parts, including assembly top covers, shift cylinders, assembly gears, differential cases, differential covers, and various types of hubs.

The acquisition is a significant step in Ramkrishna Forgings’ growth strategy, aimed at expanding its product line and strengthening its presence in the passenger vehicles, light commercial vehicles, and heavy commercial vehicles segments.

Additionally, Ramkrishna Forgings also acquires Mal Auto Products Private Limited for Rs 7 crore. The company’s move into the production and supply of the entire differential assembly and trailer axle assembly is expected to make it a major player in the market.

The addition of these new product lines is estimated to contribute significantly to the company’s financial growth, with an expected turnover of Rs 500-600 crore within the next two years.

Lalit Khetan, Whole Time Director & CFO of Ramkrishna Forgings, highlights the integration of these companies as a means to strengthen their presence and offer enhanced value to customers. The company remains focused on achieving future growth and success through strategic expansion in the automobile industry.

For feedback and suggestions, write to us at [e-mail]