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Hinduja Tech Limited (HT), a subsidiary of Ashok Leyland and part of the Hinduja Group, announced that it has raised an investment of USD 50 million from Creador, a PE firm focused on long-term investments in growth-oriented businesses in India. did. Southeast Asia acquired 19.6% of the company’s shares.
This investment brings Hinduja Tech’s equity value to USD 255 million.
According to an official release, with the capital infusion, Hinduja Tech will strengthen its existing capabilities in research and development through organic and inorganic means, expand its global footprint and expand its state-of-the-art laboratories. , a global leader in sustainable engineered mobility services.
Kumar Prabhas, CEO of Hinduja Tech Limited, said, “This investment is a testament to HT’s innovative spirit and proven track record in the automotive and related industries. With this capital, we will be able to leverage exciting new opportunities. “This will help us further position ourselves to achieve our goals.” His vision is to become a world leader in sustainable mobility engineering. ”
Founded in 2009 by Kumar Prabhas, Hinduja Tech is a global commercial vehicle manufacturer and integrated product engineering and digital technology solutions provider for the mobility industry.
The company claims to work with automotive companies (OEMs and Tier-X suppliers) and innovative mobility companies in North America, Europe, Asia Pacific, and India.
HT has a presence in more than 38 countries with approximately 200,000 customers across multiple industries including mobility, lubricants and specialty chemicals, banking and finance, digital technology, energy, media and entertainment, real estate, healthcare, and project development and trading. The company has 1,000 employees.
In 2023, Hinduja Tech acquired Drive System Design, a UK- and US-based company specializing in electric powertrain design.
Anish Kedia, Director, Creador, said: “HT has established itself as a leading player in the mobility ER&D industry with key customers around the world.With deep capabilities across engineering, powertrain and electronics, HT has a I believe that we are well prepared to realize a possible society.” Delivering profitable solutions for the future of mobility. ”
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