Fueling the Future: ₹177 Crore Investment in Kinetic Engineering
Kinetic Engineering has announced a significant infusion of ₹177 crores by its promoters, reaffirming their confidence in the company’s future. Of this, ₹55 crores will be invested by March 2025, further bolstering KEL’s growth trajectory. This strategic move is part of a long-term vision to achieve a revenue target of ₹1,000 crores by 2029, a remarkable leap from its current revenue of ₹150 crores. Additionally, the promoters aim to increase their stake in the company to 70% by 2027, reflecting their unwavering commitment to KEL’s success.
Speaking on this development, Ajinkya Firodia, Vice Chairman & Managing Director of Kinetic Group, said:
“Kinetic Engineering Limited has over 50 years of experience in manufacturing. It has successfully transformed into an auto components business and enjoys strong relationships with the world’s largest OEMs. Leveraging these long-standing partnerships, we expect to finalize significant business deals shortly. Additionally, we are heavily focused on the EV segment, with plans for our subsidiary, Kinetic Watts & Volts, nearing finalization. These initiatives will drive an 8x to 10x revenue growth, and we are pleased to make this investment to meet the required capital expenditure, working capital, and growth initiatives. This infusion of capital from the promoters reinforces our growth blueprint, enabling us to take bold strides toward achieving our INR 1,000 crore revenue milestone.”
KEL’s future growth strategy is also centered on the booming EV market. While the company has yet to confirm whether it will enter the two-wheeler or three-wheeler EV segment, plans are underway for Kinetic Watts & Volts, its dedicated EV subsidiary. This focus aligns with KEL’s legacy as one of India’s most iconic two-wheeler manufacturers, celebrated for products like the Luna and Kinetic DX.
Today, KEL has evolved into a profitable auto components business, supplying gears and other components to renowned OEMs domestically and internationally. As part of its restructuring plan, KEL has significantly reduced debt and losses, positioning itself for robust growth.
This capital infusion will enable KEL to scale its operations, expand its portfolio, and seize opportunities in the fast-evolving automotive and EV sectors. It will set a bold course toward achieving its ambitious revenue goals.