Kinetic Engineering Ltd (KEL), a key player in India's automotive components business, plans to issue convertible warrants worth INR 1.77 billion with an 18-month conversion term as part of a strategic move proposed by its promoters. With the consent of SEBI and shareholders, the promoters have pledged to spend INR 550 million by March 2025, which comprises 25 percent of the warrant subscription amount for further investments. A total of INR 171 million has also been subscribed for by outside investors in warrants; Transaction Square LLP and Sai Geeta Penumetsa are two significant contributors.

A phased commitment of INR 600 million by March 2025, INR 440 million by March 2026, and INR 730 million by March 2027 is outlined in the investment plan. With the help of this strategic plan, Kinetic Engineering Ltd. (KEL) hopes to surpass its present sales of INR 1.5 billion and reach its ambitious revenue objective of INR 10 billion by 2029. Additionally, it supports the promoters' goal of raising their ownership of the business from 59 percent to 70 percent by 2027.

The promoters' share has increased gradually since 2017, rising from 49 percent to 70 percent, representing a 21 percent total gain. By July 2027, the promoters will have received about INR 9.36 million in additional shares as part of this plan, increasing their overall holdings to 22.6 million shares and the company's total outstanding shares to 32.6 million. Along with family-owned trusts, the Arun Firodia Trust and the Jayashree Firodia Trust, the investment is led by Arun Firodia, the company's founder and chairman.

The promoters' faith in KEL's long-term plan is demonstrated by this capital injection and the sale of strategic warrants, which position the business to take advantage of new possibilities in the changing mobility market. The investment will be used to improve production capacities, boost working capital, and stimulate product development innovation, especially in high-growth sectors like electric vehicle (EV) components.

Ajinkya Firodia, Vice Chairman, Kinetic Group, said, “Kinetic Engineering Limited has over 50 years of experience in manufacturing. It has successfully transformed into an auto components business and enjoys strong relationships with the world’s largest OEMs. Leveraging these long-standing partnerships, we expect to finalise significant business deals shortly. Additionally, we are heavily focused on the EV segment, with plans for our subsidiary, Kinetic Watts & Volts, nearing finalisation. These initiatives will drive an 8x to 10x revenue growth, and we are pleased to make this investment to meet the required capital expenditure, working capital and growth initiatives. This infusion of capital from the promoters reinforces our growth blueprint, enabling us to take bold strides toward achieving our INR 10 billion revenue milestone. We are committed to using this investment to fuel innovation, improve operational efficiencies and meet the evolving demands of the automotive and EV industries. This capital infusion empowers us to accelerate our transformation journey, explore new business verticals and unlock greater value for our stakeholders. The time for Kinetic to reinvent, grow and scale up has arrived. Our priority is to build a future-ready organisation that anticipates market shifts and responds proactively.”

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Bonfiglioli Transmissions has announced the appointment of Ravindra Pisharody as Chairperson and Independent Director. The company also appointed Sundaresan Ananthanarayanan and Rossella Schiavini as Independent Directors to its board, effective February 2026.

These changes aim to enhance governance and strategic oversight for the provider of mechanical and electro-mechanical power transmissions.

Ravindra Pisharody, who has served on the company’s board since 2018, takes over as Chairperson. An alumnus of IIT Kharagpur and IIM Calcutta, Pisharody has 36 years of experience in marketing and sales. His career includes leadership roles at Tata Motors, Philips India, BP India and BP Singapore.

As of 31 December 2025, he holds directorships in several companies, including Muthoot Finance and Happy Forgings.

Sundaresan Ananthanarayanan joins the board with a background in electrical and mechanical engineering. He previously held a role at Ammann India, where he worked within the infrastructure and industrial equipment sector. His appointment is intended to provide perspective on industrial systems and manufacturing operations.

Rossella Schiavini brings international experience in corporate governance and finance. A graduate of the London School of Economics and Political Science, she has over seven years of board-level experience. Her previous associations include BPER Banca and Immobiliare Grande Distribuzione SIIQ. Schiavini’s expertise lies in risk management and strategic decision-making within global organisations.

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Minda Corporation (Spark Minda) has announced the appointment of Ajay Agarwal as Group Chief Financial Officer (GCFO) and Key Managerial Personnel (KMP), effective 5 February 2026.

Agarwal takes on this position in addition to his current role as President of Finance and Strategy. In his expanded capacity, he will manage the group's financial strategy and governance. His responsibilities include leading initiatives in growth, digital transformation and investor relations.

Agarwal is a Chartered Accountant and lawyer with over two decades of experience in financial leadership, strategic planning and mergers & acquisitions. He joined Spark Minda in May 2025 and has focused on capital allocation and operational efficiency.

Prior to joining Spark Minda, he was the President of Finance and Strategy at Vedanta, and also held leadership positions at KPMG and PwC.

The appointment is part of Spark Minda’s initiative to strengthen its leadership team. The company intends to use Agarwal's experience to manage market dynamics and value creation.

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JS Auto Cast Foundry India (JSA), a subsidiary of Bharat Forge, has raised INR 3 billion crore in equity from Premji Invest (PI). Following the primary infusion of capital, Premji Invest will hold a 23 percent stake in the company on a fully diluted basis.

JSA is a supplier of ferrous castings for the industrial and automotive sectors. The company intends to use the capital to expand casting capacity, invest in medium casting capabilities, and pursue industry consolidation through acquisitions.

Since its acquisition by Bharat Forge in 2022, JSA has reported growth in revenue, exports, and profitability with a Compound Annual Growth Rate (CAGR) of 17 percent, 24 percent and 25 percent respectively.

Amit Kalyani, Vice Chairman & Joint Managing Director, Bharat Forge, said, “Since 2022 when we acquired JSA, the company has delivered excellent financial performance with topline, exports and profitability growing at a CAGR of 17 percent, 24 percent and 25 percent respectively, while enhancing its product mix and customer base. We are delighted to partner with Premji Invest (PI), a renowned and highly respected investor, in the next phase of JSA’s growth journey.”

The investment aligns with Premji Invest’s strategy of collaborating with engineering and manufacturing conglomerates on growth and consolidation initiatives.

Manoj Jaiswal, Partner, Premji Invest, said, “We are excited to partner with Bharat Forge, a premier engineering and manufacturing conglomerate in the country. Collaborating with leading conglomerates on their growth and consolidation journey is one of our strategic pillars. Through our investment in JSA, we look forward to jointly building a leading ferrous casting platform in the country.”

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Tier 1 supplier Schaeffler India is showcasing a range of motion technologies at the Symposium on International Automotive Technology (SIAT) 2026. The company's exhibit at Hall Zone D includes electrification solutions such as drives, motors and modules, alongside powertrain systems for internal combustion engines and hybrid vehicles.

The portfolio on display features chassis components, sensors, fuel delivery modules, and bearings designed to reduce friction in vehicles. The company is highlighting its local engineering capabilities and its work with manufacturers to develop mobility solutions within India.

Company executives are participating in the symposium's technical programme. Madhurisha Vippatoori, Chief Technical Officer, is chairing the Testing and Evaluation track. Deepak Kasturi, Head of Innovation India, is delivering a keynote address regarding Euro 7 standards and real-time emissions monitoring.

The company stated that its presence at the event reflects its focus on engineering innovation, energy efficiency and collaborative development with automotive customers and academia.

Harsha Kadam, CEO & MD, Schaeffler India, said, “As a leading mobility solutions provider in India, we at Schaeffler are proud to be associated with all the leading automotive customers in shaping the future of mobility. We are equally committed to supporting our customers across various types of powertrains that will support cleaner, electrified, and intelligent mobility. Together, we are shaping a more secure, sustainable, and future-ready India.”

Viswanathan Sambasivam, Division Head - Powertrain & Chassis India, said, “SIAT provides an ideal platform to demonstrate how we are shaping mobility for India. Our focus is on co-engineering with OEMs, accelerating technology transfer, and strengthening local value creation. The solutions we are bringing this year represent the next step in advancing clean, safe, and smarter mobility.”

Omkar Kulkarni, Division Head - E-Mobility India, said, “India is one of our most important engineering hubs. Our teams here are working closely with customers to design for India, build in India, and innovate for India. The technologies displayed at SIAT underline our ability to combine global expertise with local development capabilities.”

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