On September 21, Modulus Alternatives Investment Managers Limited announced that it has committed to invest INR 1.5 billion in Shivam Autotech Limited (A Hero Group Company), manufacturers of transmission gears and shafts in India. The first tranche of INR 1.05 billion has been invested.
Shivam Autotech manufactures and markets components for the auto sector to an original equipment manufacturer (OEM). Its current product offering includes different kinds of transmission gears and shafts, auto-electrical components, steering components, and various precision engineering component. Its infrastructure spans across 4 strategic locations including Gurgaon, Haridwar, Bengaluru and Rohtak.
Based on Modulus Alternatives Investment Managers Limited social media update