Kranti Industries Limited, a publicly traded company specializing in automotive components and precision engineering, has announced a new joint venture with the Kores Group. The partnership will establish a new precision machining facility in Halol, Gujarat, under the name KRAKO Precision Private Limited.
This new venture represents a strategic move in Kranti’s efforts to expand its manufacturing footprint and strengthen its position in the high-precision engineering space. The collaboration will combine Kranti’s expertise in machining with Kores Group’s longstanding industrial presence to serve growing demand in both domestic and global markets.
The new venture is based in Halol, Gujarat, a prominent industrial hub known for its strong infrastructure and strategic proximity to major automotive clusters. The ownership structure is divided between Kranti Industries, holding a 35% stake, and the Kores Group, which holds 65%.
The partnership focuses on the precision machining of critical cast components for automotive and industrial engineering applications. By leveraging a combination of innovation, technical expertise, and operational excellence, the venture aims to deliver high-performance engineering solutions that meet the evolving demands of its customers.
The new unit will act as a dedicated machining hub, initially focused on fulfilling Kores Group’s internal requirements for precision-cast parts. Over time, the company plans to expand its customer base across the automotive and broader engineering sectors. Equipped with advanced CNC systems and automation tools, the facility aims to offer precision, reliability, and production scalability.
Strategically situated in Halol, the plant will benefit from excellent connectivity to OEM hubs and supply chain networks throughout western India. This adds further strength to Kranti’s growing presence in a region vital to the country’s manufacturing economy.
Sachin Subhash Vora, Chairman and Managing Director of Kranti Industries, said “Partnering with Kores Group marks an important chapter in our growth strategy. This initiative aligns with our long-term goals of expanding into high-value machining segments and fostering innovation through strategic collaboration. By merging Kranti’s core strengths in precision manufacturing with the Kores Group’s wide industrial platform, we’re confident in delivering exceptional value and quality. This joint venture is a reflection of our continued focus on performance, sustainability, and long-term stakeholder success as we work toward our Vision 2030.”
Kores Group is a diversified Indian industrial enterprise with a footprint across multiple sectors including engineering, stationery, pharmaceuticals, and digital solutions. Backed by decades of experience and a reputation for reliability, the company continues to evolve with a focus on modern technologies and forward-looking partnerships.
