Bharat Forge Subsidiary Secures Rs 300 Crore from Premji Invest

Bharat Forge’s step-down unit JS Auto Cast Foundry India has struck a major deal, securing a Rs 300 crore investment from Premji Invest through a primary equity infusion, the company announced on Monday. This is a giant leap towards enhancing its grip in the Indian ferrous castings market and creating expansion strategies.

Premji Invest PI Opportunities Fund I Scheme II will participate in having on a fully diluted basis a 23 percent stake in JS Auto Cast on the day the deal transpires which is likely to be on or before March 31, 2026, as per the terms and conditions of the agreement signed on February 2, 2026.

The capital will be utilized to increase its total casting capacity, invest in medium casting capacity and support strategic takeovers to hasten growth and consolidation of the industry. JS Auto Cast, a major provider of ferrous critical castings to the industrial and automotive sectors, has performed well in terms of financial performance since the acquisition of the company by Bharat Forge in 2022.

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“Since 2022 when we acquired JSA, the company has delivered excellent financial performance with topline, exports and profitability growing at a CAGR of 17%, 24% and 25% respectively, while enhancing its product mix and customer base,” said Amit Kalyani, Vice Chairman and Joint Managing Director of Bharat Forge.

On the investor side, Manoj Jaiswal, of Premji Invest, pointed out that the strategy of the company is oriented at supporting the strong Indian manufactures and the formation of the market leader within the Indian ferrous casting market.

Another important aspect of the deal is that investor confidence in the manufacturing market of India is growing and that the deal has placed JS Auto Cast in the next evolutionary stage, with enhanced resources and strategic reinforcement.