JS Auto Cast, a Bharat Forge subsidiary, secures Rs 300 Crore investment from Premji Invest

JS Auto Cast Foundry India Private Limited (JSA), a step-down subsidiary of Bharat Forge Limited, has successfully raised Rs 300 crore in equity from Premji Invest (PI). Announced on February 2, 2026, the transaction involves the issuance of equity shares and Compulsorily Convertible Preference Shares (CCPS). Upon completion, which is expected by March 31, 2026, Premji Invest will hold a 23 per cent stake in JSA on a fully diluted basis. PWC Investment Banking served as the sole financial advisor to Bharat Forge for this capital infusion.

The primary objective of this investment is to fuel JSA’s next phase of industrial expansion. The company plans to utilise the funds to enhance its casting capacity, particularly in the medium casting segment and to pursue industry consolidation through strategic acquisitions. As a leading supplier of critical ferrous castings for the automotive and industrial sectors, JSA contributed approximately 4.61 per cent to Bharat Forge’s consolidated income for the fiscal year ending March 2025. The infusion provides the necessary liquidity to scale operations while Bharat Forge retains majority control and management of the entity.

The definitive agreements include customary governance rights and specific non-compete clauses, ensuring that Bharat Forge's ferrous casting business in India remains consolidated under JSA. While Bharat Forge has provided customary indemnities for the transaction, the deal is conducted at arm’s length with no direct interest from the promoter group. The returns generated by Premji Invest from this partnership will continue to support the philanthropic initiatives of the Azim Premji Foundation, aligning corporate growth with large-scale social impact.

Commenting on this partnership, Amit Kalyani, Vice Chairman & Joint Managing Director, Bharat Forge said, “Since 2022, when we acquired JSA, the company has delivered excellent financial performance with topline, exports and profitability growing at a CAGR of 17 per cent, 24 per cent and 25 per cent respectively, while enhancing its Service mix and customer base. We are delighted to partner with Premji Invest (PI), a renowned and highly respected investor, in the next phase of JSA’s growth journey.”

Manoj Jaiswal, Partner, Premji Invest, who leads the firm’s Industrials and Buyout Investments, said, “We are excited to partner with Bharat Forge, a premier engineering and manufacturing conglomerate in the country. Collaborating with leading conglomerates on their growth and consolidation journey is one of our strategic pillars. Through our investment in JSA, we look forward to jointly building a leading ferrous casting platform in the country.”

About Bharat Forge

Bharat Forge Limited (BFL), a Pune-based Indian multinational, is a technology-driven global leader in providing high-performance, innovative safety-critical components and solutions for several sectors, including automotive, power, oil and gas, construction & mining, rail, marine, defence and aerospace. BFL has a global manufacturing footprint with presence across five countries, with the largest repository of metallurgical knowledge and offers full-service supply capability to its geographically dispersed marquee customers from concept to Service design, engineering, manufacturing, testing and validation.

Disclaimer: The article is for informational purposes only and not investment advice.