Gabriel India Limited, in continuation of its earlier intimation, announced the incorporation of its joint venture company today, October 19, 2026. The JV, named Faurecia Anand Seating India Private Limited, has been formed with Faurecia Automotive Seating India Private Limited. The total initial investment is INR 20,00,00,000, with Gabriel India holding 50% less one share and Faurecia holding 50% plus one share of the paid-up equity capital.
Joint Venture Company Operational
Gabriel India Limited has officially announced the incorporation of its joint venture (JV) company. This development follows the execution of a Joint Venture Agreement (JVA) with Faurecia Automotive Seating India Private Limited (FASI). The JV company has been incorporated today, October 19, 2026, and has been named Faurecia Anand Seating India Private Limited (JV Co.). This marks a significant step in the formation of the new entity aimed at the automotive seating sector.
Investment Structure Detailed
As per the disclosed JVA, the JV Co. contemplates an initial aggregate investment of INR 20,00,00,000 (Rupees Twenty Crores only). Gabriel India has subscribed to 99,99,999 equity shares with a face value of Rs. 10 each, amounting to INR 9,99,99,990. This represents 50% less one equity share. Concurrently, FASI has subscribed to 1,00,00,001 equity shares of Rs. 10 face value each, totaling INR 10,00,00,010. This latter stake represents 50% plus one equity share of the paid-up equity share capital of the JV Co.
Source: BSE
