Kheria Autocomp IPO

Kheria Autocomp Limited was incorporated as a Public Limited Company under the Companies Act, 1956 on November 12, 2009, with its origins tracing back to the early 1990s. The Company is an auto ancillary company with over three decades of expertise in plastic injection moulding, focusing on quality, innovation and adaptability. It has built long-standing relationships with Tier-I automotive customers and also leverages its experience in white goods manufacturing for long-term growth.

The Company’s manufacturing facility is located at Tata Vendor Park, Sanand, Gujarat, an emerging automotive manufacturing corridor. Its strategic location enables just-in-time delivery and operational flexibility by maintaining proximity to major OEMs and Tier-I customers.

The Company operates a 3-acre modern manufacturing plant equipped with advanced injection moulding machinery, auxiliary equipment and 20+ industrial robots, supporting high automation, precision and consistent quality.

Kheria Autocomp contributes to India’s EV ecosystem by manufacturing precision-moulded components for models including Tata Nexon EV, Tiago EV, Tigor EV and Maruti Suzuki e-Vitara, along with future projects such as the Tata Sierra EV. Its key OEM customers include Tata Motors, Maruti Suzuki, MG Motor, Honda Motors, Ford India, Mahindra & Mahindra and General Motors.

The Company is certified under IATF 16949:2016 and focuses on product consistency, timely delivery and customer-specific requirements. Its workforce is skilled and trained through institutions such as CIPET and IGTR, with regular upskilling through internal and external programmes. A dedicated Dojo Room supports employee onboarding and development.

Experience-Driven Manufacturing Excellence: Since 2009, the Company has built over a decade of experience in plastic injection moulding components, with strong understanding of sector requirements, regulations and technology, supported by close coordination between management and engineering teams.

Strategic Manufacturing Location: Manufacturing facility at Tata Vendor Park, Sanand, Gujarat, located near major automobile hubs, suppliers around Ahmedabad and key Tier-I customers, enabling lower lead times and transportation costs.

Technology-Enabled Manufacturing: Uses automation and process engineering for plastic injection moulded components. After installing its first industrial robot in 2020, the Company has expanded to 20+ robots for injection moulding operations.

Dependence on Tier-I Vendors & OEM Demand: The Company operates as a Tier-II supplier and depends on Tier-I vendors whose demand is linked to OEM procurement cycles. Any reduction or discontinuance in demand could adversely affect business and financial performance.

Delay in Statutory Approvals for New Facility: The proposed manufacturing facility requires various statutory approvals, environmental, labour, factory, fire-safety and local clearances. Delays or failure to obtain these approvals may delay expansion and affect business, cash flows and financial condition.

Delay in Plant & Machinery Procurement: A significant portion of Issue proceeds (₹3,995.69 lakhs) is proposed for plant and machinery for the new facility. Delays in procurement, delivery or installation could delay implementation, cause cost overruns and affect operations and growth plans.