Ramkrishna Forgings to Expand Product Line with Strategic Acquisition of Multitech Auto and Mal Metalliks

Kolkata, India – Ramkrishna Forgings Ltd, one of the leading suppliers of rolled, forged, and machined products, recently received approval from its Board of Directors for a strategic investment. The company is set to acquire Multitech Auto Pvt Ltd and its wholly owned subsidiary Mal Metalliks Pvt Ltd, with a capacity to manufacture 21,600 MT per annum of Machined SG & CI Castings. Multitech Auto also has the capacity for Bar Draw Facility of 6000 MT per annum.

This acquisition marks a significant step forward in the company’s growth strategy, aimed at expanding its product line and fortifying its presence in the Passenger Vehicles, Light Commercial Vehicles, and Heavy Commercial Vehicles segments. Multitech Auto and Mal Metalliks presently manufacture Assembly Top Cover, Shift Cylinder, Assembly Gear, Differential Case, Differential Cover, Various types of Hubs, Crank Case, King Pin, Cotter Pin, Spring Pins, Shifter Shafts, Steering Spindles, Falcrum Pins & Rollers for HCV Brakes.

By venturing into the production and supply of the entire differential assembly and trailer axle assembly, consisting of Casting and Forgings, the company is well-positioned to become a major player in the market. The addition of these new product lines is expected to contribute significantly to the company’s financial growth, with an estimated turnover of INR 500-600 Crores within the next two years.

In addition to bolstering the company’s product portfolio, this acquisition is projected to improve the company’s financial performance and profitability. Furthermore, the company also plans to acquire Mal Auto Products Pvt Ltd, which includes a strategic land parcel of 10 acres (approximately 4,30,000 sq ft) at a value of INR 15 Crores. This acquisition is part of the company’s vision for future expansion and reflects the company’s commitment to long-term growth and innovation.

Commenting on the acquisition Lalit Khetan, Whole Time Director & CFO, Ramkrishna Forgings Ltd, said, “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.”

Image Source: Ramkrishna Forgings

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