Special Situations/Distressed • Automotive

Ramkrishna Forgings Acquires JMT Auto

On August 25, 2023, Ramkrishna Forgings acquired automotive company JMT Auto for 1.3B INR

Acquisition Context

This is Ramkrishna Forgings’ 1st transaction in the Automotive sector.
This is Ramkrishna Forgings’ 0th largest (disclosed) transaction.
This is Ramkrishna Forgings’ 1st transaction in India.

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M&A Deal Summary
Date	August 25, 2023
Target	JMT Auto
Sector	Automotive
Buyer(s)	Ramkrishna Forgings
Deal Type	Special Situations/Distressed
Deal Value	1.3B INR

Target Company

JMT Auto

Jamsadpur, India

JMT Auto is an auto component manufacturer focused on gears and other transmission components. JMT Auto was founded in 1987 and is based in Jamshedpur, India.

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Buyer Overview 1

Buyer

Ramkrishna Forgings

Kolkata, India

Category	Company
Founded	1981
Sector	Manufacturing

DESCRIPTION

Ramkrishna Forgings is a leading Indian manufacturer and exporter of open and closed die steel forgings for railways, automobile, defence, mining and general engineering customers.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Automotive	1 of 1
Type: Special Situations/Distressed	1 of 1
Country: India	1 of 1
Year: 2023	1 of 1

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