Synergies Castings
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Synergies Castings - overview
Location
Visakhapatnam, Andhra Pradesh, India
Primary Industry
Automobiles, Other Vehicles & Parts
About
Synergies Castings is a prominent company based in Visakhapatnam, India, specializing in innovative casting solutions for various industries, focusing on efficiency and quality in manufacturing processes. Synergies Castings operates in the casting solutions space, providing essential products to manufacturing sectors. The company was established as a subsidiary of Synergies Limited. It is headquartered in Visakhapatnam, India.
In February 2008, Synergies Castings raised INR 400 million in venture funding from Kubera Partners, bringing the total amount raised to INR 400 million and achieving a current valuation of INR 2047. 31 million. Synergies Castings specializes in delivering comprehensive casting solutions tailored to meet the needs of various industries. Their offerings include high-quality cast components and assemblies designed to improve operational efficiency in sectors such as automotive, aerospace, and heavy machinery.
The company primarily serves mid-sized to large enterprises globally, with a notable presence in markets across North America, Europe, and Asia-Pacific. Their products have evolved significantly since their launch, with a focus on incorporating customer feedback and technological advancements. For the most recent fiscal year 2023, Synergies Castings reported revenue of INR 65,025,633. 20 and an EBITDA of INR 7,337,624.
60. Their revenue generation model is centered on both direct sales of cast products and contracts for bespoke manufacturing solutions, facilitating stable financial performance. Synergies Castings plans to enhance its product lineup with new casting technologies aimed for launch by the end of 2024. The company is targeting expansion into European and North American markets to increase its global footprint, with particular focus on automotive and aerospace sectors.
The recent funding of INR 400 million will be utilized to bolster research and development efforts, ensuring competitive offerings that meet evolving market demands.
Current Investors
Kubera Partners
Primary Industry
Automobiles, Other Vehicles & Parts
Sub Industries
Automobiles, Other Vehicles & Parts
Website
www.synergies-castings.com
Verticals
Manufacturing
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
Synergies Castings - timeline of key events
Synergies Castings - financials
| Fiscal Year Ended | Mar 31, 2012 | Mar 31, 2013 | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 1,583,759,000 | 1,761,091,000 | 2,134,583,000 | 2,357,886,000 | 2,972,789,000 | 3,833,308,000 | 5,628,630,000 | 6,680,092,000 | 2,802,756,000 | 2,261,157,000 | - | - | - |
| % Revenue Growth (YoY) | - | 11.2% | 21.2% | 10.5% | 26.1% | 28.9% | 46.8% | 18.7% | (58.0%) | (19.3%) | - | - | - |
| EBITDA (USD) | 184,643,000 | 129,833,000 | 142,033,000 | 204,798,000 | 326,598,000 | 293,085,000 | 510,174,000 | 682,589,000 | 401,992,000 | 308,421,000 | - | - | - |
| Operating Income (USD) | 122,363,000 | 61,687,000 | 84,544,000 | 132,335,000 | 255,990,000 | 181,716,000 | 339,515,000 | 484,161,000 | 201,484,000 | 115,364,000 | - | - | - |
| Operating Margin | 7.7% | 3.5% | 4.0% | 5.6% | 8.6% | 4.7% | 6.0% | 7.2% | 7.2% | 5.1% | - | - | - |
| % EBITDA Margin | 11.7% | 7.4% | 6.7% | 8.7% | 11.0% | 7.6% | 9.1% | 10.2% | 14.3% | 13.6% | - | - | - |
| NET Income (USD) | 66,632,000 | 19,209,000 | 26,463,000 | 59,767,000 | 108,624,000 | 68,913,000 | 174,247,000 | 191,347,000 | 34,458,000 | 33,139,000 | - | - | - |
| % Net Margin | 4.2% | 1.1% | 1.2% | 2.5% | 3.7% | 1.8% | 3.1% | 2.9% | 1.2% | 1.5% | - | - | - |
Synergies Castings - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unspecified Round | Completed | Synergies Castings | - |
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Synergies Castings - employee data
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