Murugappa Group company Tube Investments of India (TII), a leading player in the engineering and manufacturing sector has announced its strategic entry into the metal injection molding business. Marking its initial strategic move in this direction, it has announced the execution of definitive agreements for acquisition of 87% equity stake in Orange Koi Pvt Ltd through a combination of primary infusion and secondary acquisition, in one or more tranches, for a total sum of up to ₹73 crore.
The proposed acquisition aligns with TII’s long-term growth strategy, as it continues to diversify into adjacent business segments that complement its core strength. Currently, Orange Koi is engaged in manufacturing precision parts using specialized technologies including metal injection molding and additive manufacturing. The proposed investment will support Orange Koi’s expansion plans, including increasing its manufacturing capabilities.
Mukesh Ahuja, MD of TII, said, “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, established in 2020 focuses on manufacturing precision metal components and metal injection molding technology for industries such as medical, defense, and industrial applications. It utilises advanced manufacturing processes to produce high-performance complex metal parts.
TII has posted 17% growth in its standalone net profit for the December quarter at ₹189 crore over the corresponding period last year. The company’s revenue from operations stood at ₹2,152 crore compared with ₹1,910 crore,