PE-VC Fund Investments
JRG Automotive raises Rs.125-Cr from Piramal Alternatives
Gurugram-based JRG Automotive Industries has raised INR 125 crore from Piramal Alternatives (through its India Credit Opportunities Fund II).Founded in 2012, JRG Automotive Industries makes plastic automotive components including moulded and painted interior and exterior four-wheeler and safety parts, body parts for two-wheelers and white goods parts for Daikin and Panasonic.The company plans to use the new funds to scale its manufacturing capacity, diversify its product portfolio, and pursue strategic acquisitions to meet global demand and support its original equipment manufacturer (OEM) partners.
For FY25, Sanko Gosei JRG Automotive had reported about INR 502 Cr in Operating Income and about INR 21 Cr in PAT.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
