Gaji Mercantile Pvt. Ltd has acquired Bharat Wire Ropes Ltd for Rs.200 Cr.
This acquisition helps Gaji to enter into the manufacturing business.
Bharat Wire Ropes, promoted by Sunderji Shah & Devchand Shah is the second largest manufacturer of wires in India after Usha Martin Ltd.
The wire ropes manufactured by Bharat Wire are used in various industries like oil & gas, shipping, mining, railways, electrical transmission etc. The firm's clients list includes both in the government and private sectors such as the Army, Navy, Airforce, Railways, Port Trusts, Electricity Boards and PSUs like BHEL, NTPC, ONGC, BEML, and others and enjoys a monopoly in some of its product range, especially for the railways.
The company reported a turnover of Rs.90 Cr for 2009-10 with a CAGR of 23% in the past three years. Its oder book position is around Rs.100 Cr.
Gaji Mercantile is an SPV formed by three first generation entrepreneurs mainly for the purpose of this acquisition.
Gaji is also planning to invest Rs.500 Cr on a greenfield project.
Singhi Advisors were the sole advisors to the transaction.
Transaction Reference: Dealcurry
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4126
3836
944
4256
972
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17633
42
1639
25439
3002
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1343
458
3139
32625
140
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24534
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KVEZAR VIEW
| Date | Transaction | Type | Buyer | Size ($mn) |
| 05/07/10 |
Bharat Wire Ropes - Gaji Mercantile |
M&A |
Gaji Mercantile Private Limited |
42.68 |
| Date | Type | Buyer | Target | Size ($mn) | State |
| 15/05/12 |
Private Equity |
Rakesh Jhunjhunwala |
Geometric Limited |
1.16 |
Completed |
| 11/05/12 |
M&A |
Anchor Electricals Private Limited |
Firepro Systems Private Limited |
- |
Announced |
| 07/05/12 |
M&A |
RHI Group |
Orient Refractories Limited |
112.21 |
Planned |
| 02/05/12 |
Private Equity |
Summit Partners |
Regen Powertech Private Limited |
9.87 |
Completed |
Company |
| Name | Promoters | Office | Competitor | Website |
| Bharat Wire Ropes Limited |
Sunderji Mulji Shah
Sunderji Mulji Shah
Devchand Mulji Shah |
524/525, The Corporate Centre,
Nirmal Lifestyle,
L.B.S.Marg, Mulund (West), |
Usha Martin Limited |
bharatwireropes.com |
| Gaji Mercantile Private Limited |
|
Shivam Niwas, Janupada, Akurli Road,
Kandivali-(East), Mumbai - 400101. Maharashtra |
|
|
 |
Singhi Advisors |
