JS Auto Cast Foundry India Private Limited (JSA), a wholly owned step-down subsidiary of Bharat Forge Limited, has raised ₹300 crore in equity funding from Premji Invest through a primary capital infusion. Following the investment, Premji Invest will hold a 23% stake on a fully diluted basis. The funds will be deployed to scale up growth through capacity expansion, development of medium casting capabilities, and industry consolidation through acquisitions.
Commenting on the development, Amit Kalyani, Vice Chairman & Joint Managing Director, Bharat Forge, said that since Bharat Forge acquired JSA in 2022, the company has delivered strong performance with revenue, exports, and profitability growing at a CAGR of 17%, 24%, and 25% respectively, along with a broader customer base and improved product mix. He added that the partnership with Premji Invest marks an important step in JSA’s next phase of growth.
Manoj Jaiswal, Partner at Premji Invest, said Premji Invest is pleased to collaborate with Bharat Forge, highlighting the firm’s focus on partnering with established manufacturing groups during their expansion and consolidation journeys. He noted that this investment aims to help create a leading ferrous casting platform in India. The transaction will be completed after fulfilment of standard regulatory and closing conditions. PwC Investment Banking acted as the exclusive financial advisor to Bharat Forge.
Premji Invest is a global investment firm investing across private and public markets. Its investment returns primarily support the Azim Premji Foundation, which works to improve opportunities for underserved communities. Bharat Forge Limited (BFL), headquartered in Pune, is a global technology-driven manufacturer of high-performance, safety-critical components and solutions. The company serves multiple sectors including automotive, defence, aerospace, power, oil and gas, construction and mining, rail and marine.
BFL operates a global manufacturing network across five countries and possesses deep metallurgical expertise. It offers end-to-end capabilities spanning concept development, product design, engineering, manufacturing, testing and validation, supporting customers worldwide.
