Gabriel India Limited Acquires HL Mango Anand India in ₹2,231 Crore Strategic Move

Gabriel India Limited has announced one of its largest strategic acquisitions, signing an agreement to acquire HL Mando Anand India Private Limited (HMI) in a transaction valued at approximately ₹2,231 crore. The acquisition is expected to significantly strengthen Gabriel India’s presence in the automotive components industry while expanding its product portfolio across high-growth vehicle systems.

The transaction represents a major milestone in Gabriel India’s growth strategy and is expected to position the company as a broader mobility solutions provider within the ANAND Group.

Gabriel India to Acquire HL Mando Anand India

Under the proposed transaction, Gabriel India will acquire the equity shares held by Asia Investments Private Limited in HL Mando Anand India Private Limited.

HMI is a leading manufacturer of advanced automotive systems, supplying products to major domestic and global automobile manufacturers.

The company has established expertise in:

• Steering systems
• Braking systems
• Suspension systems

Its products serve a wide range of passenger vehicle manufacturers in both the Indian and international markets.

Transaction Value and Payment Structure

The acquisition has an enterprise value of approximately ₹2,231.03 crore.

The consideration will be paid through a combination of equity shares and cash.

Transaction Details

• Total Deal Value: Approximately ₹2,231.03 crore
• Equity Shares to be Issued: 1,44,04,204 shares
• Issue Price: ₹1,305.89 per share
• Value of Share Consideration: ₹1,881.03 crore
• Cash Consideration: ₹350 crore

The equity shares will be allotted to Asia Investments Private Limited on a preferential basis, subject to regulatory and shareholder approvals.

Strategic Benefits of the Acquisition

Gabriel India believes the acquisition will significantly strengthen its competitive position in the automotive components industry.

Key strategic advantages include:

• Expansion into steering and braking systems
• Diversification beyond suspension products
• Broader product portfolio for OEM customers
• Access to advanced automotive technologies
• Operational and manufacturing synergies
• Enhanced scale within the ANAND Group

The acquisition is expected to create long-term value through technology integration, cross-selling opportunities, and improved manufacturing efficiencies.

HL Mando Anand India Financial Snapshot

HL Mando Anand India delivered strong financial performance during FY2024-25.

FY25 Financial Highlights

The company’s strong profitability and established relationships with leading automobile manufacturers make it a strategically valuable acquisition for Gabriel India.

Strengthening Position in India’s Auto Component Industry

The acquisition aligns with Gabriel India’s long-term strategy of becoming a diversified automotive technology company.

By adding steering and braking systems to its existing suspension portfolio, the company will be better positioned to benefit from:

• Growth in passenger vehicle production
• Rising demand for advanced automotive components
• Increasing localization by global OEMs
• Expansion of India’s automotive manufacturing sector

The combined business is expected to enjoy stronger market positioning and greater opportunities for future growth.

Completion Timeline

The transaction remains subject to:

• Shareholder approval
• Regulatory approvals
• Other customary closing conditions

Gabriel India expects to complete the acquisition within one year of receiving the necessary shareholder approvals.