3M India Limited has announced that it will cease its Precision Grinding & Finishing (PG&F) operations in India following the global divestiture of the business by its parent company, 3M Company, USA. The divestiture is expected to close on April 1, 2026.
The PG&F business in India, which generated approximately ₹26 crore in sales during the fiscal year 2024-25, operates as a trading entity supported by two employees. The cessation of operations in India aligns with the global sale of the PG&F business to Nimbus, a Europe-based private equity firm focused on medium-sized industrial enterprises.
In a previous disclosure dated November 3, 2025, 3M Company, USA had indicated the agreement to sell the PG&F business to Nimbus. The sale is part of 3M’s strategic decision to divest from the PG&F sector globally, which has also resulted in a publicly disclosed loss on the divestiture.
To ensure a smooth transition for its customers, 3M India will provide limited post-closing support under a Transition Distribution Services Agreement. This support will last for up to 12 months, with a possible extension of an additional 6 months, solely to maintain continuity of supply during the transition phase.
Apart from these transitional activities, 3M India will cease all PG&F-related operations in the country once the global closing is completed.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).