May 24, 2018 6:43 AM ET

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Company Overview of Maini Precision Products Limited

Company Overview

Maini Precision Products Limited manufactures and supplies high precision components and assemblies for the automotive and industrial, and aerospace sectors worldwide. Its products for the automotive and industrial sectors include precision components, machined castings and forgings, fuel filters, and sub-assemblies used in engines, transmissions, fuel injection, turbo chargers, steering, and chassis for passenger commercial vehicles; and precision components, machined castings, and forgings for other industries. The company’s products for the aerospace sector comprise precision components and sub-assemblies used in aero structures, aero engines, and aircraft systems. It serves auto and off ...

B-165, Peenya Industrial Estate

1st Stage

3rd Cross

Bengaluru,  560058

India

Founded in 1973

Phone:

91 80 4072 4000

Fax:

91 80 4127 2500

Key Executives for Maini Precision Products Limited

Managing Director and Director
Age: 49
Chief Financial Officer
Chief Executive Officer of Aerospace Division
Executive Director
Age: 84
Executive Director
Age: 50
Compensation as of Fiscal Year 2017.

Maini Precision Products Limited Key Developments

Maini Precision Products Reportedly Seeks Finance

Maini Precision Products Private Limited is in talks to raise up to INR 5 billion from private equity funds and is likely to drop its planned initial public offering (IPO), two people aware of the matter said. “They are in talks to raise around INR 4 billion to INR 5 billion from private equity investors. The company is already in a couple of advanced discussions,” said the first person cited above, requesting anonymity as the talks are private. ICICI Securities Ltd, one of the bankers hired to advise Maini on its IPO, is advising the company on the private fundraise, he said. "The IPO will be postponed if these talks go through. The firm had received Sebi’s approval in January this year, which is valid till next January. So, they have time on hand to do the IPO if the private fundraise talks don’t fructify,” said the person quoted above.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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