JS Auto Cast Foundry India (JSA), a 100 percent wholly-owned subsidiary of Bharat Forge, has secured Rs 300 crore in equity funding from Premji Invest through a primary infusion.

This investment will enable JSA to significantly expand its casting capacity, particularly in medium casting, and pursue strategic acquisitions for industry consolidation. JSA, a key supplier of critical ferrous castings for industrial and automotive applications, has seen impressive growth since its acquisition by Bharat Forge in 2022. Amit Kalyani, Vice Chairman & Joint Managing Director of Bharat Forge, said, "Since 2022 when we acquired JSA, the company has delivered excellent financial performance with topline, exports and profitability growing at a CAGR of 17 per cent, 24 per cent and 25 per cent respectively, while enhancing its product mix and customer base. We are delighted to partner with Premji Invest (PI), a renowned and highly respected investor, in the next phase of JSA’s growth journey”.

Manoj Jaiswal, Partner at Premji Invest, expressed excitement to collaborate with Bharat Forge to build a leading ferrous casting platform in India.