The company boasts a diversified portfolio with over 14,000 product varieties and more than 190,000 stock-keeping units (SKUs). Between April 2021 and September 2024, the company produced 32 active vehicle product varieties, manufacturing items widely used across various sectors.
With exports to 29 countries and 925 distribution centers across India, Argentina, Singapore, Germany, Greece, Canada, and Israel, the company’s global presence underscores its ability to scale operations. Israel’s involvement adds intrigue due to the region’s geopolitical dynamics.
Located in Silvassa, the company’s manufacturing unit collaborates with multinational and regional firms like Welsun India, GM Fabric, and Tulip Elastic. These partnerships strengthen business operations and foster growth.
Promoters include family trusts such as MBS Trust, DNG Family Trust, and PNB Family Trust. They retain 100% ownership before the IPO, ensuring continuity in leadership and control.
The company’s financial trajectory presents mixed signals:
Despite a strong global presence and partnerships, declining profits and revenues raise concerns. The Grey Market Premium (GMP) of 12.5% indicates potential gains, but investors should be cautious as market sentiment can shift.
The decision depends on risk appetite. While the company’s strengths are evident, the decline in profitability warrants a cautious approach. Investors may wait for initial subscription days to gauge market sentiment before committing.
