Samvardhana Motherson International Limited (SAMIL) has announced the acquisition of a 51% equity stake in Nissin Advanced Coating Indo Co. Private Limited (Nissin India) from Nissin Electric Co. Ltd, Japan. This acquisition, valued at ₹9.23 crore, will result in SAMIL holding 100% of Nissin India’s equity share capital through SAMIL and its wholly owned subsidiary, Samvardhana Motherson Innovative Solutions Limited, in the ratio of 51% and 49%, respectively.
Nissin India, a company engaged in thin film coating services and providing fine coating Physical Vapor Deposition (PVD) systems, reported a turnover of ₹30.4 crore for the financial year 2025-2026, with an EBITDA of ₹10.3 crore. The acquisition is not classified as a related party transaction, and no governmental or regulatory approvals are required for its completion.
The transaction is expected to close by the end of the first quarter of the financial year 2026-27, subject to the satisfactory completion of conditions precedent. The acquisition will be made through a cash consideration.
Nissin India, incorporated on October 18, 2007, has shown consistent growth over the past three financial years with turnovers of ₹26.7 crore, ₹27.8 crore, and ₹30.4 crore for FY 2024, FY 2025, and FY 2026, respectively. The company operates in India, focusing on coating surfaces of tools, molds, dies, automotive parts, and decorative goods.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).