JS Auto Cast Foundry India Private Limited (JSA), a subsidiary of Bharat Forge, has successfully raised ₹300 crores in equity from Premji Invest (PI). PI will acquire a 23% stake on a fully diluted basis after the infusion. The capital will be used to expand JSA’s casting capacity and consolidate the industry through acquisitions.
Investment Overview
JS Auto Cast Foundry India Private Limited (JSA), a 100% wholly-owned subsidiary of Bharat Forge Limited, has secured an investment of ₹300 crores from Premji Invest (PI). This funding will support the expansion of JSA’s operations and strategic acquisitions in the ferrous casting sector. The transaction was announced on February 2, 2026.
Strategic Rationale
The raised capital will be strategically deployed to accelerate JSA’s growth trajectory by:
- Expanding its casting capacity to meet growing demand.
- Investing in medium casting capacity enhancements.
- Pursuing industry consolidation opportunities via strategic acquisitions.
Performance and Future Outlook
Since its acquisition in 2022, JSA has demonstrated strong financial performance, with topline, exports, and profitability growing at a CAGR of 17%, 24%, and 25% respectively. This investment from Premji Invest will further strengthen JSA’s position as a leading ferrous casting platform in the country.
Advisors
PWC Investment Banking acted as the sole financial advisor for Bharat Forge Limited on this transaction.
Source: BSE
