Economy India | Pune | February 2, 2026
JS Auto Cast Foundry India Private Limited (JSA), a wholly owned step-down subsidiary of Bharat Forge Limited, has raised ₹300 crore in equity funding from Premji Invest, marking a significant milestone in its growth journey. Following the primary infusion, Premji Invest will hold a 23% stake on a fully diluted basis in the company.
JSA is a leading supplier of critical ferrous castings for industrial and automotive applications. The fresh capital will be used to expand casting capacity, invest in medium casting capabilities, and pursue industry consolidation through strategic acquisitions.
Commenting on the development, Amit Kalyani, Vice Chairman & Joint Managing Director, Bharat Forge, said that since Bharat Forge acquired JSA in 2022, the company has delivered strong financial performance. “Topline, exports, and profitability have grown at a CAGR of 17%, 24%, and 25% respectively, alongside improvements in product mix and customer base. We are delighted to partner with Premji Invest for the next phase of growth,” he said.
Manoj Jaiswal, Partner at Premji Invest, who leads the firm’s Industrials and Buyout investments, said the firm is excited to collaborate with Bharat Forge. “Partnering with leading conglomerates on growth and consolidation is a key strategic pillar for us. Through this investment, we aim to jointly build a leading ferrous casting platform in India,” he noted.
The transaction is subject to customary regulatory and closing conditions. PwC Investment Banking acted as the sole financial advisor to Bharat Forge Limited on the deal.
— Economy India
