Fueling the Future: ₹177 Crore Investment in Kinetic Engineering
Kinetic Engineering has announced a ₹177 crore investment from its promoters, signaling strong confidence in the company’s future. Of this amount, ₹55 crore will be invested by March 2025, further boosting KEL’s growth. This move supports KEL’s long-term vision to reach a revenue target of ₹1,000 crores by 2029—up from its current revenue of ₹150 crores. The promoters also plan to increase their stake in KEL to 70% by 2027, underlining their commitment to the company’s success.
Ajinkya Firodia’s Vision for Kinetic Engineering
Ajinkya Firodia, Vice Chairman & Managing Director of Kinetic Group, shared his thoughts on this strategic development:
“Kinetic Engineering Limited brings over 50 years of experience in manufacturing. We have successfully transformed into an auto components business and built strong relationships with the world’s largest OEMs. These long-standing partnerships will help us secure significant business deals soon. Additionally, we are focusing on the growing EV segment, with our subsidiary, Kinetic Watts & Volts, nearing finalization. These initiatives will drive 8x to 10x revenue growth. We’re investing to meet capital expenditure, working capital, and growth initiatives. This infusion of capital reinforces our growth strategy and helps us work toward achieving our ₹1,000 crore revenue milestone.”
Focus on Electric Vehicles and the Future of Kinetic Watts & Volts
Kinetic Engineering’s future strategy includes a heavy focus on the booming EV market. While the company has yet to confirm plans for the two-wheeler or three-wheeler EV segment, Kinetic Watts & Volts, its dedicated EV subsidiary, is already in the works. This focus aligns with KEL’s legacy as one of India’s iconic two-wheeler manufacturers, known for products like the Luna and Kinetic DX.
Strengthening Operations and Expanding the Portfolio
Today, KEL has transformed into a profitable auto components business, supplying gears and other components to top OEMs, both in India and internationally. As part of its restructuring plan, the company has significantly reduced its debt and losses, positioning itself for strong future growth.
The new capital infusion will help KEL scale its operations, expand its product portfolio, and seize opportunities in both the traditional automotive and EV sectors. This marks a bold step toward achieving its ambitious revenue goals.
