Anand Group’s Gabriel India to Acquire Asia Investments Pvt Ltd’s Automotive Business

In a bid to diversify its business beyond suspension and sunroof systems, Anand Group’s flagship company, Gabriel India, will acquire Asia Investments Pvt Ltd’s (AIPL) automotive undertakings. This includes Anchemco, which manufactures automotive fluids and adhesives, as well as AIPL’s investments in Dana Anand India, Henkel Anand India, and Anand CY Myutec Automotive, which will be integrated into Gabriel India.

AIPL is the investment arm of the Anand Group, holding multiple investments including subsidiaries, joint ventures, and interests in the group’s hospitality business. Anchemco is engaged in the manufacturing and sale of automotive products such as brake fluid, radiator coolants, diesel exhaust fluid (DEF)/AdBlue for 2W, 3W, 4W, and truck applications, and PU/PVC-based adhesives.

Gabriel India’s board has approved a composite scheme of arrangement involving AIPL and Anchemco India to transfer AIPL's automotive-related assets and operations, consolidating them under Gabriel’s umbrella. Gabriel will issue 1,158 equity shares of ₹1 each for every 1,000 equity shares of ₹10 each held in AIPL to the shareholders of AIPL.

Through AIPL's equity holdings in Dana Anand, Henkel ANAND, and ANAND CY Myutec Automotive, Gabriel India will significantly expand its presence across the automotive value chain. This strategic integration will enable Gabriel to participate in critical areas such as drivetrain solutions—including advanced transmissions for electric vehicles—body-in-white and NVH products, as well as automotive synchronizer rings and aluminum forgings.

This acquisition, combined with the recent addition of the sunroof business, will transform Gabriel India into a diversified, technology-driven provider of mobility solutions, moving beyond its legacy as a suspension-focused company. The strategy significantly reduces Gabriel's reliance on a single product line by expanding its reach into new market segments, geographical areas, the aftermarket product range, and even the railway sector.

“This Scheme of Arrangement is in line with our Group’s strategy towards re-aligning the corporate structure, which will result in an improved competitive position, with Gabriel India playing a pivotal role. We see Gabriel India as ANAND Group’s vehicle for future growth, with its ability to provide a platform to capture value creation for all its shareholders. At a Group level, we have set ourselves a revenue target of ₹50,000 crores by 2030, and we see Gabriel India leading the way,” Gabriel India Chairperson Anjali Singh said.

The scheme’s completion is subject to necessary approvals from stock exchanges, the National Company Law Tribunal, and other regulatory bodies, as well as from the respective companies’ shareholders and creditors. The deal is expected to be completed within 10–12 months. JM Financial is acting as exclusive financial advisor, while Katalyst Advisors is acting as the structuring and scheme implementation advisor to Gabriel.