Strategic Partnership Propels Hinduja Tech Limited Towards Sustainable Mobility Leadership

Chennai- Hinduja Tech Limited., as they announced a definitive agreement with Creador, a distinguished private equity firm, for a substantial investment of $50 million. This strategic move entails Creador acquiring a 19.6% stake in HT, subject to customary closing conditions. HT, a mobility-focused global engineering R&D services company and a subsidiary of Ashok Leyland, a prominent entity within the Hinduja Group conglomerate, is valued at $255 million post this investment.

The infusion of capital is poised to propel HT into a new phase of growth, enabling it to bolster its research and development capabilities organically and through strategic acquisitions. Furthermore, it will facilitate the expansion of HT's global footprint and the enhancement of its cutting-edge laboratories, solidifying its position as a frontrunner in sustainable engineering mobility services worldwide. Over the years, HT has made significant advancements in the mobility sector, forging partnerships and leveraging its expertise to drive innovation across various segments, spanning from traditional vehicles to electric and autonomous mobility solutions.

[Kumar Prabhas], CEO of Hinduja Tech Limited, expressed his enthusiasm regarding Creador's investment, emphasizing HT's ambitious growth plans in the sustainable engineering mobility sector. He stated, "HT has amassed profound domain knowledge over the past decade, serving numerous esteemed global OEMs. Partnering with Creador is a significant milestone for us, as their investment will accelerate our global expansion initiatives."

This investment underscores HT's commitment to innovation and its proven track record in automotive and related industries. It empowers the company to pursue new avenues and solidify its position as a global leader in sustainable mobility engineering.

[Anish Kedia], Director at Creador, echoed this sentiment, expressing excitement about the partnership and HT's potential for growth. He emphasized HT's strong capabilities in engineering, powertrain, and electronics, affirming their belief in HT's ability to deliver sustainable and profitable mobility solutions for the future.

In conclusion, the collaboration between Hinduja Tech Limited and Creador marks a pivotal moment in HT's journey towards becoming a trailblazer in the sustainable mobility landscape, driven by innovation, expertise, and strategic investments.