Pennar Industries Limited
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Pennar Industries Limited - overview
Established
1975
Location
Hyderabad, Andhra Pradesh, India
Primary Industry
Business Support Services
About
Pennar Industries Limited, based in India, specializes in precision engineering solutions across sectors such as infrastructure, automotive, and power generation, providing custom-designed steel buildings and advanced process heating equipment. Founded in 1975 in Hyderabad, India, Pennar Industries Limited operates in precision engineering, delivering tailored solutions to various industries. The company has had three recorded deals, with the most recent being a Private Placement/FOLLOW ON of INR 23. 5 mn in May 2021.
The company is led by CEO Bhoopal Moola and has been recognized for its focused manufacturing capabilities. Pennar Industries specializes in precision engineering solutions across various sectors, with a focus on pre-engineered buildings, precision tubes, and process heating equipment. Their offerings include custom-designed pre-engineered steel buildings that meet diverse customer specifications. They serve clients in infrastructure, automotive, power generation, and general engineering, delivering projects across global markets including the United States and Europe.
Equipped with ISO-certified manufacturing facilities, the company produces over 1,000 unique products, enhancing operational efficiencies for their customers. In the most recent fiscal year 2024, Pennar Industries reported a revenue of INR 378,174,395. 6 and an EBITDA of INR 37,150,983. 2.
The company operates primarily on a B2B model, engaging directly with clients who require high-quality precision-engineered products and services through negotiated contracts. Pennar Industries plans to leverage recent funding from a Private Placement, where approximately INR 23. 5 mn was raised in May 2021, to expand its product offerings and market reach. The company is focusing on the development of new products tailored for specific industrial applications and aims to enter new markets in Asia and Europe by 2023.
The funding will support these initiatives, enabling the company to enhance its engineering capabilities and respond to evolving market demands.
Current Investors
Elevation Capital
Primary Industry
Business Support Services
Sub Industries
Engineering, Steel & Metals
Website
www.pennarindia.com
Verticals
Manufacturing
Company Stage
Mature
Total Amount Raised
Subscriber access only
Pennar Industries 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private Placement/Follow on | Completed | Pennar Industries Limited | - | ||||||||
| Private Placement/Follow on | Completed | Pennar Industries Limited | - | ||||||||
| Trade Sale | Completed | Pennar Renewables | - | ||||||||
| Add-on | Completed | Wayne-Burt Petro Chemicals Pvt Ltd | - | ||||||||
| PIPE | Completed | Pennar Industries Limited | - |
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