Global private investment firm Bain Capital has invested in Dhoot Transmission Group, securing a significant minority stake in the leading automotive components manufacturer. The deal, made through Bain Capital’s Private Equity team, is subject to regulatory approval, with financial terms undisclosed.
This partnership will see Bain Capital collaborating closely with Dhoot Transmission Group’s Founder and CEO, Rahul Dhoot, to drive global expansion and tap into emerging opportunities in the automotive sector. Bain Capital plans to leverage its extensive expertise in the automotive industry and value-creation strategies to support the company’s growth trajectory.
Established in 1999, Dhoot Transmission Group has become a global leader in wiring harnesses for two-wheelers and three-wheelers. Its advanced wiring solutions also power heavy and light commercial vehicles, off-road vehicles, and farm equipment, catering to both internal combustion engine (ICE) and electric vehicle (EV) markets worldwide.
Over the past 25 years, the company has diversified its product portfolio to include electronic sensors and controllers, automotive switches, connection systems, and a range of EV products. These include charging guns, inlets, off-board chargers, residual current devices (RCDs), high- and low-voltage wiring harnesses, and lithium-ion battery assemblies.
Dhoot Transmission Group operates 20 state-of-the-art manufacturing facilities across India, the UK, Slovakia, and Thailand, solidifying its presence in key global markets.
Rahul Dhoot expressed confidence in the partnership, highlighting Bain Capital’s strategic expertise as a critical asset for scaling operations globally and delivering enhanced value to customers.
“Together, we aim to seize emerging opportunities and strengthen our position in the rapidly evolving automotive landscape,” said Dhoot.
Rishi Mandawat, Partner at Bain Capital, commended Dhoot Transmission Group’s pivotal role in powering India’s thriving two-wheeler market, one of the largest and fastest-growing in the world. He emphasized the group’s potential for sustained growth and innovation in the automotive sector.
Dhoot Transmission Group was advised by Singhi Advisors, Trilegal, and Deloitte, with Singhi Advisors also having played a key role in the company’s previous acquisitions across diverse sectors.
Bain Capital was supported by a consortium of advisors, including Alvarez & Marsal, AZB & Partners, ERM, ICICI Securities, Kearney, Kirkland & Ellis, KPMG, and PwC.
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