Linga Agri Trading and Machinery Private Limited, a subsidiary in which Prime Industries Limited holds a majority stake, has completed the first tranche of its fundraising at a pre-money valuation of ₹330 crore. The funding will support the company’s plans to expand its manufacturing capabilities and strengthen its presence in agricultural and industrial engineering.
Established in 2018, Linga Agri develops machinery and engineering solutions for agricultural applications, food processing, waste management, fabrication and precision engineering. The company works with industrial customers, government departments, agricultural institutions and municipal bodies.
Its project portfolio includes work associated with the Indian Space Research Organisation (ISRO), BEML, Tamil Nadu Agricultural University, Royal Enfield and Hyundai. These projects span specialised machinery and engineering requirements across multiple sectors.
Linga Agri has reported a sharp increase in revenue and profitability over the past two financial years. Its revenue rose from ₹19.27 crore in FY2024–25 to ₹84.47 crore in FY2025–26. Profit after tax increased from ₹3.17 crore to ₹15.04 crore over the same period.
The latest fundraising marks a step in the company’s plans to scale its operations and develop additional capabilities in specialised manufacturing. Prime Industries is supporting Linga Agri through strategic guidance, industry relationships, operational involvement and research and development support. Prime Industries is also working with Linga Agri and Kay Bovet on long-term projects in specialised engineering, advanced manufacturing, precision engineering, defence, aerospace, nuclear applications and emerging technologies.
Commenting on the development, Gowtham Sithaaarth, Managing Director of Linga Agri Trading and Machinery Private Limited, said the company was focused on strengthening precision engineering and developing specialised manufacturing solutions. He said the collaboration with Prime Industries combines Linga Agri’s manufacturing expertise with support in research and development, leadership and operations. The partnership is intended to improve the company’s ability to develop engineering products for changing industrial and agricultural requirements.
Prime Industries Limited, listed on the BSE under scrip code 519299 and symbol PRIMIND, works across specialised engineering, advanced manufacturing and related industrial sectors. Its areas of focus include defence, aerospace, nuclear applications, capital goods, specialised machinery and emerging technologies.
Through its engagement with Linga Agri and Kay Bovet, Prime Industries is seeking to develop capabilities in these sectors through research, operational support and long-term industrial projects. The fundraising provides Linga Agri with a platform to pursue its expansion plans as demand grows for specialised machinery and engineering solutions.
