Napino

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Napino Auto and Electronics Limited (Napino or the Company) is a leading manufacturer of electrical and electronic components for the 2-wheeler automobile industry in India. Its key product profile includes electronic control units, regulator rectifiers, electronic fuel injection systems, instrument clusters, electronic mobility components including converters, chargers, battery management systems and others. It has a 30+ year track record of supplying to leading OEMs in India with R&D-driven proprietary solutions. The proposed project will (i) part finance a capex plan, primarily for expanding existing capacity in plants(brownfield expansion); (ii) finance setup of a greenfield plant in Hosur-Krishnagiri, Tamil Nadu in India; (iii) finance the capex for setting up the motor manufacturing plant at Halol, Gujarat in India and (iv) strengthen company’s balance sheet by repaying debt taken to finance purchase of shares from a minority investor.