Industrials

Axis Capital has emerged as the banker of choice for automotive and industrials transactions in India. The desk’s rich expertise and decades-long relationship with marquee industry leaders has roots in the strong foundation laid by ENAM. The team has deep experience in executing successful transactions across the entire industrials ecosystem. Through our wealth of experience, industry wide knowledge and strong relationships with investors, we are able to service companies in these segments with a wide arsenal of investment banking solutions.

Segments

  • Traditional Auto OEMs and Auto Components
  • Capital Goods and Engineering
  • Electric Vehicles
  • Battery Pack Makers and battery-tech solutions
  • Defence
  • Engineering & Manufacturing
  • Chemicals
  • Logistics

Transactions

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    Cochin shipyard ltd.
    2,011 Mn

    OFS(SE) Oct 2024

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    Samvardhana motherson
    international ltd.
    6,438 Mn

    QIP Sep 2024

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    Bain capital
    Undisclosed

    M&A Sep 2024

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    Rane group
    Undisclosed

    Restructuring Feb 2024

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    Writer corporation
    Undisclosed

    M&A Jul 2023

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    Test
    100 Mn

    test Apr 2025

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    Interarch building
    products ltd.
    600 Mn

    IPO Aug 2024

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    Ola electric mobility
    ltd.
    6,146 Mn

    IPO Aug 2024

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    Cyient dlm
    879 Mn

    Block Aug 2024

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    Craftsman automation ltd.
    1,200 Mn

    QIP Jun 2024

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    Archean chemicals
    819 Mn

    Block Jun 2024

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    Cartrade tech
    200 Mn

    Block Jun 2024

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    Sudarshan chemicals
    91 Mn

    Block Jun 2024

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    Thermax
    765 Mn

    Block Jun 2024

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    Epack durable ltd.
    640 Mn

    IPO Jan 2024

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    Grasim industries ltd.
    4,000 Mn

    Rights Issue Jan 2024

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    Azad engineering ltd.
    740 Mn

    IPO Dec 2023

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    Happy forgings ltd.
    1,009 Mn

    IPO Dec 2023

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    Kaynes technology india
    ltd.
    1,400 Mn

    QIP Dec 2023

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    Inox india ltd.
    1,459 Mn

    IPO Dec 2023

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    Archean chemicals
    252 Mn

    Block Dec 2023

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    Jupiter wagons ltd.
    403 Mn

    QIP Nov 2023

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    Ask automotive ltd.
    834 Mn

    IPO Nov 2023

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    Maruti suzuki
    Undisclosed

    ECM Advisory Nov 2023

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    Timken india
    574 Mn

    Block Nov 2023

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    Tvs supply chain
    solutions ltd.
    880 Mn

    IPO Aug 2023

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    Minda corp
    333 Mn

    Block Aug 2023

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    Gmm pfaudler
    824 Mn

    Block Aug 2023

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    Tata motors limited
    Undisclosed

    Fairness Opinion Jul 2023

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    Cyient dlm ltd.
    592 Mn

    IPO + Pre-IPO Jun 2023

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    Tega industries
    247 Mn

    Block Jun 2023

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    Elin electronics ltd.
    475 Mn

    IPO Dec 2022

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    Indian railway catering &
    tourism corp.ltd.
    2,720 Mn

    OFS(SE) Dec 2022

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    Landmark cars ltd.
    552 Mn

    IPO Dec 2022

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    Gmm pfaudler ltd.
    1,309 Mn

    Block Dec 2022

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    Uniparts india ltd.
    836 Mn

    IPO Nov 2022

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    Uniparts india limited
    8,360 Mn

    IPO Nov 2022

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    Dcx systems ltd.
    500 Mn

    IPO Oct 2022

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    Anupam rasayan india ltd.
    500 Mn

    QIP Sep 2022

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    Harsha engineers
    international ltd.
    755 Mn

    IPO Sep 2022

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    Anupam rasayan india
    limited
    5,000 Mn

    QIP Sep 2022

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    Harsha engineers
    international limited
    7,550 Mn

    IPO Sep 2022

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    Ami organics ltd.
    270 Mn

    Block Sep 2022

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    Pi industries ltd.
    315 Mn

    Block Sep 2022

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    Gmm pfaudler
    3,440 Mn

    M&A Aug 2022

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    Gmm pfaudler
    3,440 Mn

    Transaction Advisory & Fairness Opinion Aug 2022

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    Paradeep phosphates ltd.
    1,502 Mn

    IPO May 2022

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    Jsw steel ltd
    15,556 Mn

    Restructuring May 2022

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    Paradeep phosphates
    limited
    15,020 Mn

    IPO May 2022

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    Neogen chemicals ltd
    225 Mn

    Preferential Issue Jan 2022

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    Supriya lifescience
    limited
    7,000 Mn

    IPO Dec 2021

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    Medplus health services
    limited
    13,980 Mn

    IPO Dec 2021

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    Tega industries ltd
    619 Mn

    IPO Dec 2021

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    S.j.s. enterprises ltd
    800 Mn

    IPO Nov 2021

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    Ami organics limited
    5,700 Mn

    IPO Sep 2021

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    Ami organics ltd
    670 Mn

    IPO Sep 2021

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    Chemplast sanmar ltd
    3,850 Mn

    IPO Aug 2021

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    Nuvoco vistas corp ltd
    5,000 Mn

    IPO Aug 2021

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    Cartrade tech ltd
    2,999 Mn

    IPO Aug 2021

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    Chemplast sanmar limited
    38,500 Mn

    IPO Aug 2021

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    Clean science &
    technology ltd
    1,547 Mn

    IPO Jul 2021

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    Clean science and
    technology limited
    15,470 Mn

    IPO Jul 2021

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    India pesticides ltd
    800 Mn

    IPO Jun 2021

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    Jsw ispat special
    products ltd
    352 Mn

    OFS Jun 2021

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    Shyam metalics & energy
    ltd
    909 Mn

    IPO Jun 2021

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    India pesticides limited
    8,000 Mn

    IPO Jun 2021

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    Krishna institute of
    medical sciences limited
    21,440 Mn

    IPO Jun 2021

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    Rossari biotech ltd
    300 Mn

    Preferential Issue Apr 2021

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    Laxmi organic industries
    6,000 Mn

    IPO Mar 2021

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    Piramal glass limited
    75,000 Mn

    PE Buy Out Dec 2020

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    Motherson sumi systems
    limited (mssl)
    Undisclosed

    Restructuring Jul 2020

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    Motherson sumi systems
    ltd (mssl)
    Undisclosed

    Restructuring Jul 2020


Axis Capital’s industrial practice is led by

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    Ashish Nigam Managing Director

    Ashish heads the industry coverage for Automotive, Industrials and Education. He also manages several key conglomerate relationships for Axis Capital. Ashish has close to two decades of experience in capital markets, predominantly as an equity research analyst, which gives him a unique lens for inve...

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    Mangesh Ghogle Executive Director

    Mangesh covers the Industrials Sector in Investment Banking at Axis Capital. He has ~17 years of experience in investment banking and brings rich expertise in corporate finance to the table. Prior to his current role, he was a part of the corporate finance team where he handled numerous capital mark...

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    Anuj Mittal Managing Director - Real Estate & Logistics

    Anuj leads chemicals, cements, logistics and industrial coverage for Axis Capital. He has 19 years of experience in investment banking in M&A advisory, capital markets and private equity financing. Anuj has previously worked with organizations like JM Financial, Edelweiss Capital and JP Morgan Chase...

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