Terms of the private transaction, which is subject to regulatory approval, were not disclosed.
16 Jan 2025 | 6274 Views | By Autocar Pro News Desk
Dhoot Transmission Group has secured growth investment from Bain Capital. The automotive components manufacturer will use the funds for global expansion via acquisitions and partnerships, besides innovation.
Terms of the private transaction, which is subject to regulatory approval, were not disclosed.
Rahul Dhoot, Founder and CEO of Dhoot ...
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Dhoot Transmission Group has secured growth investment from Bain Capital. The automotive components manufacturer will use the funds for global expansion via acquisitions and partnerships, besides innovation.
Terms of the private transaction, which is subject to regulatory approval, were not disclosed.
Rahul Dhoot, Founder and CEO of Dhoot Transmission Groupnoted that Bain Capital's strategic expertise would help the company scale globally and pursue emerging opportunities.
Saahil Bhatia, Managing Director at Bain Capital said, "Their customer-first approach and strong employee engagement has helped the group to build a leading auto-component business and together, we see significant opportunities to expand both organically and inorganically, accelerate exports, and enhance their global footprint."
Alvarez and Marsal, AZB & Partners, ERM, ICICI Securities, Kearney, Kirkland and Ellis, KPMG and PwC served as advisors to Bain Capital. Singhi Advisors, Trilegal and Deloitte served as advisors to Dhoot Transmission Group.
Founded in 1999, Dhoot Transmission Group is a global leader in Two-Wheeler and Three-Wheeler Wiring Harness. The company’s advanced Wiring Harnesses also power Heavy and Light Commercial Vehicles, Off-road Vehicles, and Farm Equipment in ICE and EV segments across the globe. Over the past 25 years, Dhoot Transmission Group has also diversified in Electronics Sensors & Controllers, Automotive Switches, Connection Systems, and an array of EV products, including Charging Guns, Inlets, Off-Board Chargers, RCDs, High Voltage & Low Voltage Wiring Harness, and assembly of Li-Ion Batteries.