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Incorporated in 1964, the company is among the few Indian companies and a leading player in manufacturing and supplying transfer case systems and dual-clutch automatic transmissions (DCT) to automotive OEMs in India. They are the only Indian player supplying transfer cases to global OEM companies.

They manufacture and supply a variety of products under the broad categories of:

* Torque transfer system for four-wheel and all-wheel drive

* Synchroniser system for manual transmission and DCT

* Transmission system for EVs

* Rear wheel drive manual system

* They will become the only manufacturer of DCT systems in the Indian market after launching their domestically manufactured DCT system

* Divgi has recorded a profit of Rs 46.15 crore for the quarter ended March FY22, a growth of 21.3 percent over the previous year, backed by a good topline and operating numbers.

* Revenue from operations for the year at Rs 234 crore was up 25.3 percent from the previous financial year, including Rs 213.4 crore of income from its top five customers.

* On the operating front, earnings before interest, tax, depreciation and amortisation for the year increased by 26.4 percent to Rs 65.6 crore with a margin expansion of 25 bps at 28.06 percent from FY21.For the six-month period ended September FY23, profit came in at Rs 25.66 crore on revenue of Rs 133.72 crore.
The company has significantly reduced its borrowings to Rs 0.26 crore in FY21 from Rs 50.41 crore in FY20. At the end of September FY23, it was at Rs 0.5 crore.

Top reasons to invest in the IPO:

* It is one of the few Indian companies to have served both systems-level solution providers and component kit suppliers to global OEMs and Tier-I transmission systems suppliers.

* The management is experienced with thirty-plus years of experience in the automotive industry.

* They offer turnkey solutions and components to automotive OEMs across India, the USA, China, Korea, Russia and others.They cater to a domestic and global clientele of marquee customers.

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