Other Private Equity/Strategic Investments
Agri-focused Deccan Pumps in talks for minority stake sale at Rs.400-Cr valuation
Coimbatore-based Deccan Pumps is in talks with a New York-headquartered agriculture technology major to sell a significant minority stake in the company. The company is valued at approximately Rs.380-400 Cr (approximately $40-M).Founded in 1981 by Arumugam and the late K K Veluchamy, Deccan Pumps is engaged in selling agricultural pumps and water solutions. The company operates two manufacturing facilities and a technology center in Coimbatore. It plans to leverage potential global collaborations to enhance technology transfer, expand its market access, and further its innovations in precision irrigation, IoT-enabled pumping systems, and climate-smart agricultural solutions.The company emerged as an independent entity in 2013 following a spin-off from Deccan Industries, acquiring specific manufacturing assets and intellectual property.
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