Bharat Forge Limited has taken a significant step to strengthen its castings business as JS Auto Cast Foundry India Private Limited (JSA), its 100% wholly owned step-down subsidiary, successfully raised ₹300 crore in fresh equity from Premji Invest. The investment has been made through a primary capital infusion into JSA, following which Premji Invest will hold a 23% stake on a fully diluted basis.
JS Auto Cast is a leading supplier of critical ferrous castings catering to industrial and automotive applications, both in domestic and export markets. The newly raised capital is set to play a pivotal role in accelerating JSA’s next phase of growth, with a clear focus on expanding overall casting capacity, adding medium casting capabilities, and pursuing industry consolidation through strategic acquisitions.
Since its acquisition by Bharat Forge in 2022, JSA has delivered strong and consistent financial performance. The company has reported a topline CAGR of 17%, export growth CAGR of 24%, and profitability CAGR of 25% over this period. Alongside financial growth, JSA has also enhanced its product mix and diversified its customer base, positioning itself as a scalable and competitive player in the ferrous castings segment.
Commenting on the development, Amit Kalyani, Vice Chairman and Joint Managing Director of Bharat Forge, highlighted that the partnership with Premji Invest marks an important milestone in JSA’s growth journey. He noted that the collaboration aligns well with the company’s ambition to build scale, improve capabilities, and strengthen its presence across key industrial and automotive markets.
From the investor’s perspective, Premji Invest sees the association as a strategic opportunity to build a leading ferrous casting platform in India. Manoj Jaiswal, Partner at Premji Invest, stated that collaborating with established engineering and manufacturing conglomerates is a core pillar of the firm’s investment strategy. Through this investment in JSA, Premji Invest aims to support long-term growth, operational excellence, and consolidation within the sector.
The transaction remains subject to customary regulatory and closing conditions. PwC Investment Banking acted as the sole financial advisor to Bharat Forge Limited for this deal.
