Gabriel India Board Approves ₹26.83 Crore Investment in Fastener Joint Venture
Gabriel India Limited's Board of Directors, in a meeting held on July 09, 2025, has accorded its approval for a significant investment of ₹26.83 crore in Jinhap Automotive India Private Limited (JAIPL). This strategic move will establish a joint venture with South Korea's Jinos Co., Ltd., making JAIPL a subsidiary of Gabriel India with a 51% stake, aimed at expanding into the automotive and industrial fasteners business.
Key Decisions from Gabriel India Board MeetingParticulars
Details
Investment Amount
₹26,82,84,100Stake Acquired in JAIPL
51%Joint Venture Partners
Gabriel India Limited, Jinos Co., Ltd., Jinhap Automotive India Private Limited (JAIPL)JV Shareholding Ratio (Gabriel India:Jinos)
51:49 in JAIPLNature of Consideration
Cash consideration (by way of cheque)Business Focus of JAIPL
Engineering, designing, developing, manufacturing, import, export, assembly, marketing, sales and distribution of fasteners for automotive and industrial applicationsIndicative Completion Timeline
October 31, 2025, or mutually agreed later date
Strategic Investment DetailsGabriel India's board has approved an investment aggregating to ₹26,82,84,100 (Rupees Twenty-Six Crore Eighty-Two Lacs Eighty-Four Thousand and One Hundred only) by subscribing to equity shares of Jinhap Automotive India Private Limited (JAIPL). This investment will result in Gabriel India holding a controlling stake of 51% of the total paid-up equity share capital of JAIPL, thereby making JAIPL a subsidiary of Gabriel India. The transaction is structured as a cash consideration, payable by cheque.Joint Venture Structure and Business FocusThe investment is part of a broader joint venture arrangement. Gabriel India will enter into a Joint Venture Agreement (JVA) and a Share Subscription Agreement (SSA) with Jinos Co., Ltd., a corporation incorporated under the laws of South Korea, and JAIPL. Under the JVA, JAIPL will become a joint venture company between Gabriel India and Jinos, with their shareholding in the ratio of 51:49 respectively. The effective date of the SSA is set for July 10, 2025. This collaboration is designed to undertake the business of engineering, designing, developing, manufacturing, import, export, assembly, marketing, sales, and distribution of fasteners for both automotive and industrial applications. Furthermore, JAIPL will execute a Technology License Agreement with Jinhap Co., Ltd., an affiliate of Jinos and a renowned specialty fastener manufacturer. This agreement will grant JAIPL access to proprietary technology and technical know-how essential for manufacturing a diverse range of fasteners.Profile of Jinhap Automotive India Private Limited (JAIPL)Jinhap Automotive India Private Limited (JAIPL) was incorporated on February 23, 2011, with CIN U35914TN2011PTC079332. The company operates in the auto components industry. As of March 31, 2025, JAIPL's authorized share capital stands at ₹8,06,00,000 (Rupees Eight Crores Six Lakhs only), divided into 80,60,000 equity shares of face value ₹10 each. The financial performance for the year ended March 31, 2025 (under audit), indicates total assets of ₹8.00 crore and a turnover (including other income) of ₹8.04 crore. The net worth for the same period was reported as NIL. For the preceding two financial years, FY 2023-24 and FY 2022-23, JAIPL reported nil turnover. The company currently has no presence in other countries.
JAIPL Financials (as of March 31, 2025, under audit)Metric
Amount (₹ crore)
Authorized Share Capital
8.06Total Assets
8.00Net Worth
NILTurnover (including other income)
8.04
Strategic Rationale and OutlookThe primary objectives behind this acquisition and joint venture are to diversify Gabriel India's product portfolio into the fasteners category and to enhance its business relationships with key Original Equipment Manufacturers (OEMs) in the Indian market. This move aligns with Gabriel India's strategy to expand its presence in the automotive and industrial sectors by adding a new, specialized product line. The transaction is not classified as a related party transaction, and no governmental or regulatory approvals are currently required. The indicative time period for the completion of this acquisition is set for October 31, 2025, or such later date as may be mutually agreed upon by all parties involved.Board Meeting Details
The Board of Directors meeting of Gabriel India Limited commenced at 02:30 pm and concluded at 02:54 pm on July 09, 2025, where these significant strategic decisions were approved.