JS Auto Cast Foundry India Private Limited (JS Auto Cast), a wholly owned step-down subsidiary of Bharat Forge Limited, has secured an equity investment of ₹300 crore from Premji Invest. The funding has been made through a primary capital infusion into the company, following which Premji Invest will hold a 23 percent stake on a fully diluted basis.
JS Auto Cast is a prominent supplier of critical ferrous castings serving both industrial and automotive segments. The fresh capital will be deployed to accelerate the company’s expansion strategy. Key focus areas include increasing overall casting capacity, adding medium-sized casting capabilities, and pursuing inorganic growth through selective acquisitions within the fragmented foundry sector. The investment is expected to strengthen JS Auto Cast’s position as a scalable platform in the domestic ferrous casting industry.
Commenting on the transaction, Amit Kalyani, Vice Chairman and Joint Managing Director of Bharat Forge, said that since Bharat Forge acquired JS Auto Cast in 2022, the company has demonstrated strong operational and financial performance. Over this period, revenue, exports, and profitability have grown at compound annual rates of 17 percent, 24 percent, and 25 percent respectively. He added that the business has also diversified its product portfolio and expanded its customer base. Kalyani stated that partnering with Premji Invest marks an important step in the next phase of the company’s growth journey.
Manoj Jaiswal, Partner at Premji Invest and head of Industrials and Buyout investments, expressed confidence in the collaboration with Bharat Forge. He said the firm values partnerships with established manufacturing groups that are pursuing long-term growth and industry consolidation. Through this investment, Premji Invest aims to work closely with Bharat Forge to build a strong and competitive ferrous casting platform in India.
The transaction remains subject to standard regulatory approvals and the fulfilment of customary closing conditions. PwC Investment Banking served as the exclusive financial advisor to Bharat Forge Limited for this deal.
With this infusion, JS Auto Cast is expected to enhance its manufacturing footprint, strengthen its market presence, and actively participate in consolidation opportunities, positioning itself for sustained growth in both domestic and export markets.
