India’s TII enters Metal Injection Molding with majority stake in Orange Koi
Tube Investments of India Ltd (TII), part of the Murugappa Group, has announced its entry into Metal Injection Moulding through definitive agreements to acquire an 87% equity stake in Orange Koi Private Limited. The acquisition will be completed in one or more tranches for a total sum of up to approximately $8.05 million, via a combination of primary capital infusion and secondary share purchases.
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The move marks TII’s expansion into precision manufacturing technologies and is said to be aligned with its long-term diversification plans.
Mukesh Ahuja, Managing Director of TII, shared, “By combining TII’s engineering expertise and strong customer relationships with Orange Koi’s cutting-edge specialised technologies and deep culture of innovation, we are building a formidable platform that will deliver substantial value to our customers, while strongly positioning us at the forefront of next-generation precision manufacturing.”
Orange Koi is engaged in manufacturing precision components using advanced technologies such as MIM and Additive Manufacturing. TII said the investment will support Orange Koi’s expansion, including scaling up manufacturing capabilities to meet growing demand.
“This partnership will help build a strong platform for next-generation precision manufacturing while delivering enhanced value to customers,” Ahuja said.
