Tube Investments of India (TII) is strategically entering the metal injection molding (MIM) business through the acquisition of Orange Koi Private Limited. TII has executed definitive agreements to acquire up to 87% of Orange Koi for up to ₹73 Cr. This acquisition allows TII to diversify into adjacent segments. Orange Koi specializes in manufacturing precision parts, and the investment will help expand its capabilities.
Strategic Acquisition of Orange Koi
Tube Investments of India Limited (TII) has announced its strategic entry into the metal injection molding business through the acquisition of Orange Koi Private Limited. TII will acquire up to 87% of Orange Koi through a combination of primary infusion and secondary acquisition, for up to ₹73 Cr.
Rationale for the Acquisition
This acquisition aligns with TII’s long-term growth strategy to diversify into adjacent business segments. Orange Koi manufactures precision parts using specialized technologies, including metal injection molding and additive manufacturing. The investment will support Orange Koi’s expansion plans, including increasing its manufacturing capabilities.
Orange Koi Overview
Orange Koi was established in 2020 and focuses on manufacturing precision metal components and metal injection molding technology for industries such as medical, defense, and industrial applications.
Orange Koi’s turnover:
- FY 2024-25: ₹3.76 Cr
- FY 2023-24: ₹0.97 Cr
- FY 2022-23: ₹0.16 Cr
Deal Completion
The initial acquisition is expected to be completed on or before February 28, 2026, subject to conditions precedent.
Source: BSE
