Saddles International Automotive and Aviation Interiors Pvt. Ltd.
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Saddles International Automotive and Aviation Interiors Pvt. Ltd. - overview
Location
Bangalore, Karnataka, India
Primary Industry
Automobiles, Other Vehicles & Parts
About
Based in Karnataka, India, Saddles International Automotive and Aviation Interiors Pvt. Ltd. , also known as SIAAIPL, is a manufacturer of seat covers and covers for gear knobs. In January 2023, Motherson Group agreed to acquire a 51% majority stake in Saddles International Automotive & Aviation Interiors for INR 2.
7 billion. The transaction is completed in July 2023. Saddles International is engaged in the production and manufacturing of premium upholstery for the OEM (original equipment manufacturer) automotive and aviation industries. SIAAIPL manufactures components and assemblies like passenger vehicle seat covers, leather seats, covers for gear knobs, etc.
As of 2023, the company had seven manufacturing facilities across the country.
Primary Industry
Automobiles, Other Vehicles & Parts
Sub Industries
Automobiles, Other Vehicles & Parts
Verticals
Manufacturing
Total Amount Raised
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Saddles International Automotive and Aviation Interiors Pvt. Ltd. - financials
| Fiscal Year Ended | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|
| Revenue (USD) | 1,836,651,684 | 2,553,895,831 | - | - | - |
| % Revenue Growth (YoY) | - | 39.1% | - | - | - |
| EBITDA (USD) | 179,244,233 | 50,231,111 | - | - | - |
| Operating Income (USD) | 179,147,462 | 41,261,768 | - | - | - |
| Operating Margin | 9.8% | 1.6% | - | - | - |
| % EBITDA Margin | 9.8% | 2.0% | - | - | - |
| NET Income (USD) | 132,657,333 | 9,388,815 | - | - | - |
| % Net Margin | 7.2% | 0.4% | - | - | - |
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