Prime Industries Limited announced that its subsidiary, Linga Agri Trading and Machinery Private Limited, has successfully completed its first tranche of fundraising. The subsidiary achieved a pre-money valuation of ₹330 crore. This milestone is a crucial step in Linga Agri’s strategy to bolster its advanced manufacturing capabilities and expand its reach in agricultural and industrial engineering sectors.
Linga Agri Completes First Fundraise
Prime Industries Limited has reported that its majority-owned subsidiary, Linga Agri Trading and Machinery Private Limited (“Linga Agri”), has successfully concluded the initial tranche of its fundraising efforts. The fundraise was completed at a significant pre-money valuation of ₹330 crore.
This event marks a key milestone in Linga Agri’s development. The company aims to strengthen its manufacturing capabilities and broaden its presence within the agricultural and industrial engineering sectors. Prime Industries has stated its ongoing support through strategic guidance, industry connections, operational engagement, and research and development.
Linga Agri’s Business Focus
Established in 2018, Linga Agri specializes in advanced agricultural and industrial manufacturing. The company focuses on developing specialized machinery and engineering solutions for various sectors including food processing, waste management, fabrication, and precision engineering. Its notable project collaborations include work with the Indian Space Research Organisation (ISRO), BEML, Tamil Nadu Agricultural University (TNAU), Royal Enfield, and Hyundai.
Linga Agri has shown substantial financial growth. Revenue increased from ₹19.27 crore in FY2024–25 to ₹84.47 crore in FY2025–26. Concurrently, profit after tax saw a significant rise from ₹3.17 crore to ₹15.04 crore during the same period.
Prime Industries’ Strategic Alignment
Prime Industries Limited is actively involved in specialized engineering, advanced manufacturing, precision engineering, nuclear, defence, aerospace, and emerging technologies. The company engages in long-term projects in collaboration with Linga Agri and Kay Bovet.
Mr. Gowtham Sithaaarth, Managing Director of Linga Agri Trading and Machinery Private Limited, commented, “At Linga Agri, together with Prime Industries Limited, our focus is on advancing precision engineering and driving innovation through specialised manufacturing solutions. By combining our manufacturing expertise with Prime Industries’ support in research and development, leadership and operations, we are strengthening our capabilities to develop innovative, high-quality solutions for evolving industrial and agricultural requirements. Our shared focus is on building advanced engineering capabilities and creating long-term value through specialised manufacturing.”
About Prime Industries Limited
Prime Industries Limited (BSE Scrip Code: 519299 | Scrip Symbol: PRIMIND) is positioned as an industrial growth company. It collaborates with Linga Agri and Kay Bovet across specialized engineering, advanced manufacturing, and related industrial sectors. The company’s support extends to areas such as defence, aerospace, nuclear, capital goods, specialized machinery, and emerging technologies through its R&D, leadership, and operational contributions.
Source: BSE
