Maxop Engg acquires majority stake in Faith Automation Systems & Toolings

Fairfax-backed, New Delhi-based Maxop Engineering has acquired a majority stake in Pune-based Faith Automation Systems and Tooling at a valuation of INR 400-500 crore.Founded by Nilesh Pandhare and six colleagues, Faith Automation provides design and engineering services, managing project stages from process planning and mechanical design to robot programming, system integration, and on-site commissioning. The company generates INR 300 crore in annual revenue. Its clients include automotive firms such as Honda, Mahindra & Mahindra, and Stellantis.The firm specializes in automating production lines for vehicle manufacturers. Maxop Engineering plans to integrate these capabilities to enhance its service offerings in the automotive sector.