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Tube Investments Ventures into Metal Molding
6 Feb
Summary
- TII is acquiring Orange Koi for up to ₹73 crore.
- Orange Koi specializes in metal injection molding.
- The acquisition is part of TII's long-term growth strategy.
Tube Investments of India Ltd (TII) is strategically entering the metal injection molding (MIM) sector through the acquisition of Visakhapatnam-based Orange Koi Pvt Ltd. This diversification represents a significant step in TII's long-term growth strategy.
The agreement involves acquiring up to 87% of Orange Koi's equity for an aggregate sum not exceeding ₹73 crore. This acquisition is planned through a combination of share purchases and subscription to new equity.
Orange Koi, with a turnover of ₹4 crore in FY25, is recognized for its expertise in manufacturing precision parts using specialized technologies such as metal injection molding and additive manufacturing, serving the medical and defense industries.
The initial acquisition phase is slated for completion on or before February 28, 2026, pending the fulfillment of certain conditions outlined in the agreements. TII views MIM as a promising business opportunity with applications in both the automotive and non-automotive markets.
