Ramkrishna Forgings acquires Multitech Auto to expand product line
Ramkrishna Forgings Limited, a supplier of rolled, forged, and machined products, revealed its strategic acquisition of Multitech Auto Private Limited and its subsidiary, Mal Metalliks Private Limited.
These companies hold a combined manufacturing capacity of 21,600 MT per annum for Machined SG & CI Castings, and a Bar Draw Facility capacity of 6000 MT p.a. In addition, the company has taken over Mal Auto Products Private Limited.
The acquisition represents a major progression in Ramkrishna Forgings’ expansion strategy, which aims to extend its product range and strengthen its market presence within the Passenger Vehicles, Light Commercial Vehicles, and Heavy Commercial Vehicles segments.
Multitech Auto and Mal Metalliks currently produce various components, including Assembly Top Cover, Shift Cylinder, Assembly Gear, Differential Case, Differential Cover, different types of Hubs, and many others. With the acquisition and the production of the entire differential assembly and trailer axle assembly, Ramkrishna Forgings positions itself as a significant competitor in the market.
The inclusion of these new product lines is projected to boost the company’s financial growth significantly, with an estimated turnover of Rs 500-600 Crores within the next two years
“The strategic acquisition of Multitech Auto Private Limited and Mal Metalliks Private Limited marks a significant milestone in our efforts to fortify our market position and diversify our product offerings. With the integration of these companies, we are poised to strengthen our presence and deliver an enriched value proposition to our esteemed customers. This expansion opens a world of exciting opportunities for our future growth and success,” said Lalit Khetan, Whole Time Director & CFO of Ramkrishna Forgings Limited.
The acquisition is also predicted to enhance the company’s financial performance and profitability. The company plans to acquire Mal Auto Products Private Limited, which comes with a strategic land parcel of approximately 10 acres (around 4,30,000 sq. ft), worth Rs 15 Crores. This move aligns with the company’s vision for future expansion and signifies its commitment to long-term growth and innovation.