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The Man Who Steers Nine Out of Ten Cars
How two quiet, fifty-year-old family suppliers, forging fifty million steering yokes a year for nine out of ten cars in India, were quietly bought, combined, and thrust into the global supply chain.
19 Oct 2026
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For five years, Dharmesh Arora lived the sanitised, high-frictionless life of Singapore, overseeing the Asia-Pacific operations of the German automotive component giant Schaeffler. His children were grown and settled, his financial security was strong, and his daily view was a pristine cityscape where the trains ran on time and the tropical air was predictably clean.
Then, on an unexceptional day in 2024, his phone rang. The caller was Amit Jain, who leads Carlyle’s operations in India after years at Blackstone turning Sona Comstar into an auto component heavyweight. At Carlyle, Jain inherited a portfolio strong in Indian banking, healthcare ...
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