HomeDealsKYB Conmat Private Limited

KYB Conmat Private Limited

Deal Type
Deal Type
Acquisition
Vital Sector
Sector
Construction
Completion Date
Completion Date
6th January 2025
Deal Value
Deal Value
Not disclosed

Company Background

KYB Conmat Private Limited is a major player in India and one of the top 3 manufacturers of Concrete Construction Equipment like Batching Plants, Paving Machines, Transit Mixers, Concrete Pumps and Self-Loading Mixers etc, competing against home grown , Kedara capital backed Ajax Engineering (which just went public), Chinese owned Schwing Stetter & Sany Heavy Industries.
The Joint Venture was formed in 2013 when KYB acquired 51% stake in fast growing and consistently profitable "Conmat Systems Private Limited" and was operated as a JV company for over a decade to produce transit mixers using KYB technology and other Products which were Indigenously developed by Conmat . The Company increased its revenue by 6 folds during this period.
The Concrete Construction Equipment Market in India is expected to grow from current INR 88 billion to approximately INR 230 billion by 2029 @ CAGR of ~21%. With its comprehensive range of Concrete Equipment and Services across the concrete value chain, the Company is fully geared up to capture this growth & triple its revenue to over INR 10 billion in the next two years.
With a strong workforce of 450 highly qualified professionals With its extensive Network of over 200 Sales & Service Engineers, 10 Domestic and 4 International Dealers, the Company is supplying its Products pan India and to over 25 Countries across the Globe.

Deal Summary

Singhi Advisors exclusively advised "Conmat Group" in acquiring 100% stake in the Indo-Japanese JV KYB-Conmat, 3rd largest player in Concrcte Equipment business in India.
Conmat, promoted by first generation Technopreneur Mr Premraj Keshyep, Vice Chairman-CII (Gujarat), acquires complete control in INR 3.3 billion KYB Conmat Private Limited, from its Japanese JV partner- "USD 2.9 billion KYB Corporation," in a unique transaction, wherein an Indian company has bought back controlling stake from a Japanese major partner.

Japan’s KYB Corp exits its 51% stake in JV with Conmat Group

KYB Conmat Private Limited deal contacts

Key members of the Singhi Advisors Pvt. Ltd. deal team crucial in the KYB Conmat Private Limited transaction

Sapna Seth

Singhi Advisors Pvt. Ltd.

Sreeraj Krishnamoorthy

Singhi Advisors Pvt. Ltd.