Pitti Engineering has announced its strategic move to acquire Bagadia Chaitra Industries, marking a significant expansion in its operational footprint. The acquisition, valued at Rs 125 crore, underscores Pitti Engineering’s commitment to growth through strategic partnerships.
Pitti Engineering is a Hyderabad-based company known for its innovative solutions in the electrical manufacturing sector. The company has a strong focus on quality and customer satisfaction, which has helped it build a reputation for reliability and excellence. Pitti Engineering’s products include electrical laminations and aluminum die-cast rotors for a wide range of applications, from AC/DC motors to home appliances and electrical vehicles.
Bagadia Chaitra Industries, on the other hand, is a Karnataka-based company specializing in similar products. It has a strong presence in the southern markets and is known for its high-quality products and reliable services. The company’s manufacturing facility in Tumkur has an impressive installed capacity of 18,000 tonnes per annum, reflecting its commitment to excellence and efficiency.
As part of this transformative deal, Pitti Engineering will inject up to Rs 40 crore into Bagadia, earmarked for debt repayment, signaling a strong financial backing for the merger. Bagadia Chaitra Industries, headquartered in Karnataka, stands as a formidable player in the realm of electrical laminations and aluminum die-cast rotors catering to diverse sectors such as AC/DC motors, alternators, pumps, home appliances, and electrical vehicles.
With a predominant clientele in the southern markets, Bagadia’s manufacturing stronghold in Tumkur boasts an impressive installed capacity of 18,000 tonnes per annum, emblematic of its manufacturing prowess. The amalgamation of Pitti Engineering and Bagadia Chaitra Industries heralds a new era of synergistic growth.
Akshay Pitti, the visionary Vice-Chairman and Managing Director of Pitti Engineering, emphasizes the strategic significance of this acquisition. Beyond mere geographical expansion into the southern markets, this union epitomizes Pitti Engineering’s unwavering commitment to its inorganic growth strategy. Moreover, it fortifies the company’s operational capabilities, positioning it for sustained success in the dynamic landscape of the electrical manufacturing sector.
