Kinetic Engineering Secures BSE Approval For Rs 177 Crore Investment, Shareholders Support Move

The investment will be made over 18 months, with an initial tranche of Rs 55 crore to be infused by March 31, 2025.

As part of the investment plan, Kinetic Engineering’s promoters plan to increase their shareholding from 59% to 70% by the financial year 2027.

KEL is part of the Kinetic Group and has been involved in automotive manufacturing sector for over five decades. Their clientele includes industry players such as Renault, American Axle, Tata Motors, Mahindra & Mahindra, Ashok Leyland, Magna Powertrain, Sonalika Tractors, Carraro Products and many others. The company operates a manufacturing plant in Ahmednagar with 1,000 employees and multiple production units and its corporate headquarters are in Chinchwad, Pune.

Ajinkya Firodia, Vice Chairman, Kinetic Group, said, "I am deeply committed to the success and resurgence of Kinetic Engineering. This investment marks a significant step in our journey of growth and transformation. We are focused on unlocking new opportunities, strengthening our market position and creating long-term value for all stakeholders. We invite our investors to be part of this exciting phase and contribute to Kinetic Engineering’s dynamic and prosperous future."