Hosur, India
AVTEC Limited, a company under the CKA Birla Group, stands out as India's Largest Independent powertrain & high precision components manufacturing company. Founded in 2005, the company boasts over four decades of experience in the industry, delivering comprehensive manufacturing solutions across a global presence, spanning Asia, the USA, Europe, and the Middle East.
AVTEC operates through four key business units: Automotive, Components, Defence & Off-highway. It satisfies diverse client demands by developing and producing various transmissions, including power shift, automatic, manual, and EV-specific systems. The client roster is impressive, featuring names such as Indian Railways, Stellantis, Ashok Leyland, and Caterpillar.
The company's acquisition of Swiss firm ASSAG enhances its global R&D and manufacturing capabilities. Its last investment, a Private Equity Round on April 15, 2013, saw backing from Warburg Pincus, marking a significant milestone in its financial journey. With a strong market position and strategic acquisitions, AVTEC continues to bolster its reputation as a go-to manufacturing destination.
Ashot Ashkelon Industries Ltd