JRG Automotive Secures ₹125 Crore Capital Infusion from Piramal Alternatives

Automotive component supplier JRG Automotive Industries India Private Limited has secured a ₹125 crore investment from Piramal Alternatives to finance its next phase of industrial scaling. The funding, structured through Piramal’s India Credit Opportunities Fund II, will be utilized by the manufacturer to expand production capacity, upgrade factory infrastructure, and diversify its product portfolio.

The capital deployment is timed to support both organic factory expansions and potential strategic acquisitions as the firm positions its supply chain to capture rising domestic and export demand. JRG Automotive specializes in manufacturing powertrain-agnostic injection-molded plastic components, supplying major original equipment manufacturers (OEMs) across the two-wheeler and passenger vehicle segments.

Pawan Goyal, Managing Director of JRG Automotive Industries, stated that the fresh capital endorsement will allow the firm to scale its manufacturing capabilities and infrastructure to better serve its long-term OEM partners. Kalpesh Kikani, Chief Executive Officer of Piramal Alternatives, noted that the investment decision was driven by JRG’s strong track record of increasing component content per vehicle and its established relationships across key automotive assembly lines.