Hinduja Tech, a global engineering R&D services company specialising in mobility solutions and a subsidiary of Ashok Leyland, has finalised a deal with private equity firm Creador. The agreement entails Creador investing $50 million to acquire a 19.6% stake in Hinduja Tech, subject to customary closing conditions. With this investment, the company achieves a post-money equity value of $255 million.
This substantial infusion of capital positions it to bolster its research and development capabilities, both organically and through strategic acquisitions. The company aims to expand its global footprint and enhance its cutting-edge laboratories, reinforcing its quest to emerge as a premier player in sustainable engineering mobility services worldwide.
Kumar Prabhas, CEO, Hinduja Tech, said, “We have an ambitious growth plan in the sustainable engineering mobility segment. The capital will empower us to pursue exciting new opportunities that will help further our position towards achieving our vision of being a global leader in the sustainable mobility engineering landscape.'
Anish Kedia, Director, Creador, highlighted Hinduja Tech's strong position in the mobility ER&D industry and its potential to drive sustainable and profitable mobility solutions.
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