Raymond’s auto components business - Ring Plus Aqua, has acquired Trinity India, a Pune-based forged component manufacturer. This marks Ring Plus Aqua's entry into the forging industry, adding to its current portfolio of auto components, which includes flywheel ring gears, flexplate assemblies, integral shaft hearings and sheet metal pulleys.
Ring Plus Aqua acquired majority stake in Trinity India with the signing of the share transfer agreement with the promoters of Trinity India. The deal was funded through internal accruals and facilitated by Equirus Capital.
Ring Plus Aqua has a significant presence in the automotive component world and supplies ring gears, water pump bearings and other applications globally to Cummins, CAT, Fiat, Tata Motors, Hyundai, Ford etc.
Trinity India is engaged in the manufacturing and marketing of Forged Auto Components with presence in the domestic and international markets.
Raymond is largest manufacturer of steel files in the world accounting 30% of market share. The company’s textile plants are located in Thane, Vapi and Chhindwara. These plants have received various certifications such as ISO 9001 for quality management systems and ISO 14001 Environment Control Systems.
| Company Name | CMP |
|---|---|
| Interglobe Aviation | 4638.75 |
| SpiceJet | 13.88 |
| Raymond | 422.05 |
| Global Vectra Helico | 203.85 |
| Taneja Aerospace | 281.55 |
| View more.. | |
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