Shares of Kranti Industries Ltd climbed 1.9% to ₹87.90 in Tuesday’s session following the company’s announcement of a Memorandum of Understanding (MoU) with Kores Group to establish a new joint venture named Krako Precision Private Limited.
The Pune-based auto component manufacturer revealed that its Board of Directors will meet on 8 October 2025 to approve the subscription of shares in the new entity. The JV agreement, finalized on 4 October 2025, will see Kranti Industries holding a 35% stake and Kores Group owning 65%.
The joint venture will set up a manufacturing facility in Halol, Gujarat, focused on machining critical casting components. Kranti Industries will play a key operational and technical role, overseeing the facility’s management and precision engineering processes. Board representation in the JV will be held by Mr. Sachin and Mr. Sumit Vora from Kranti Industries.
This move marks a strategic expansion for Kranti Industries, strengthening its footprint in precision auto and industrial component manufacturing. The company stated that this partnership will enhance value creation, technological capabilities, and market competitiveness in the automotive and heavy engineering segments.
Kranti Industries Limited, headquartered in Pune, manufactures precision-engineered components for automotive and heavy industrial sectors. Listed on the BSE under the Auto Components and Equipment category, the company continues to pursue growth through joint ventures and technology-driven collaborations.
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