Bain Capital buys into Dhoot Transmission Group
strategic growth investment in Dhoot Transmission Group (Dhoot), a leading manufacturer of automotive components.
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Financial details are not disclosed. Bain has acquired about 40-45% stake in Dhoot at a $1 billion valuation, said sources.
Through an aligned partnership with Founder and CEO, Rahul Dhoot, Bain Capital will leverage its global automotive expertise and deep value-creation capabilities to support the company’s continued growth, stated a press release.
Founded in 1999, Dhoot Transmission Group is a leader in Two-Wheeler and Three-Wheeler Wiring Harness. The company’s Wiring Harnesses also power Heavy and Light Commercial Vehicles, Off-road Vehicles, and Farm Equipment in ICE and EV segments across the globe, it said.
Over the past 25 years, Dhoot Transmission Group has also diversified in Electronics Sensors & Controllers, Automotive Switches, Connection Systems, and an array of EV products, including Charging Guns, Inlets, Off-Board Chargers, RCDs, High Voltage & Low Voltage Wiring Harness, and assembly of Li-Ion Batteries.
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