Craftsman Automation Private Limited
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Craftsman Automation Private Limited - overview
Established
1986
Location
Coimbatore, Tamil Nadu, India
Primary Industry
Automobiles, Other Vehicles & Parts
About
Craftsman Automation Private Limited, based in India, specializes in precision engineering and manufacturing solutions for automotive and industrial sectors, focusing on aluminium die casting and sand casting products. Founded in 1986 in Coimbatore, India, Craftsman Automation Private Limited provides precision engineering solutions, primarily for the automotive industry. The company recently raised USD 30. 70 mn in a GROWTH round on March 17, 2021, led by IFC Asset Management Company.
Craftsman has completed four funding deals to date, with a total amount raised of USD 30. 70 mn. Craftsman Automation Limited specializes in precision engineering and manufacturing solutions, particularly in the domain of aluminium die casting and sand casting. Their core product offerings include automotive powertrain components and industrial engineering solutions, catering to commercial vehicles, tractors, passenger vehicles, two-wheelers, and various engineering applications.
The company’s strategic manufacturing facilities across India allow for efficient 'just-in-time delivery', ensuring clients receive timely service, serving major players in the automotive industry and various engineering sectors. Craftsman Automation Limited has established a robust revenue stream through its diversified product offerings and strong customer relationships. For the most recent financial year in 2024, the company reported revenue of USD 537. 77 mn and an EBITDA of USD 108.
07 mn, engaging in B2B transactions that often involve long-term contracts with automotive manufacturers and engineering firms, thereby fostering repeat business and stable financial operations. Craftsman Automation Private Limited is focused on designing and launching new products aimed at enhancing its portfolio in the automotive sector. The company plans to expand into new markets within Asia and Europe by 2025, leveraging its recent GROWTH funding of USD 30. 70 mn to support these initiatives.
In March 2021, Craftsman raised INR 8. 2 billion through an IPO, which will further bolster its strategic plans for growth.
Current Investors
Affirma Capital, IFC Asset Management Company
Primary Industry
Automobiles, Other Vehicles & Parts
Sub Industries
Engineering, Automobiles, Other Vehicles & Parts, Industrial Machinery, Steel & Metals
Website
www.craftsmanautomation.com
Verticals
Manufacturing
Company Stage
Mature
Total Amount Raised
Subscriber access only
Craftsman Automation Private Limited - timeline of key events
Craftsman Automation Private Limited - financials
| Fiscal Year Ended | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|
| Revenue (USD) | 15,115,300,000 | 18,180,000,000 | 14,924,600,000 | 15,599,500,000 | - | - | - |
| % Revenue Growth (YoY) | - | 20.3% | (17.9%) | 4.5% | - | - | - |
| EBITDA (USD) | 2,893,300,000 | 4,305,300,000 | 3,985,100,000 | 4,417,200,000 | - | - | - |
| Operating Income (USD) | 1,528,800,000 | 2,721,100,000 | 2,022,100,000 | 2,539,400,000 | - | - | - |
| Operating Margin | 10.1% | 15.0% | 13.5% | 16.3% | - | - | - |
| % EBITDA Margin | 19.1% | 23.7% | 26.7% | 28.3% | - | - | - |
| NET Income (USD) | 331,500,000 | 995,200,000 | 400,100,000 | 973,600,000 | - | - | - |
| % Net Margin | 2.2% | 5.5% | 2.7% | 6.2% | - | - | - |
Craftsman Automation Private Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Sunbeam Lightweighting Solutions Pvt. Ltd. | - | ||||||||
| Add-on, Corporate Carve Out | Completed | DR Axion India Private Limited | - | ||||||||
| Add-on, Corporate Carve Out | Completed | DR Axion India Private Limited | - | ||||||||
| IPO | Completed | Craftsman Automation Private Limited | - | ||||||||
| Growth | Completed | Craftsman Automation Private Limited | - |
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Craftsman Automation Private Limited - employee data
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