Business
Bonfiglioli India eyes Rs 2,500 crore parent stake-sale IPO
The Hindu BusinessLine··3d ago
Bonfiglioli India is eyeing a Rs 2,500 crore-plus IPO through an offer-for-sale by its Italian parent, industry sources told BusinessLine. Managing Director Kennady V Kaippally said the India arm contributes about 31 percent of group EBITDA. Indian revenue rose 10.5 percent to Rs 1,864.08 crore in 2024. Profit from continuing operations rose 29.4 percent to Rs 191.12 crore.
Prism
What It Means For You
- An OFS brings no fresh capital into the company, Kaippally noted.
- Sources estimate the offer could value the firm at over $1 billion.
- The parent has invested close to Rs 680 crore over 25 years in India, he said.
What's Happening
- Bonfiglioli makes gearboxes and drives for wind turbines, construction and industry.
- It held an estimated 68.3 percent share of India's wind-turbine-drive market in 2024.
- Industrial automation is its largest business, about 40 percent of revenue.
How the India Business Is Built
- OEM customers include Volvo, Tata Hitachi, Schwing Stetter, Escorts Kubota and Atlas Copco.
- In the nine months to September 2025, revenue reached Rs 1,460.17 crore.
- The company said it was debt-free with net cash of Rs 162.83 crore in that period.
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