Kheria Autocomp Ltd IPO

About Kheria Autocomp Ltd

Our Company was originally incorporated as Kheria Autocomp Limited as a Public Limited Company under the provisions of the Companies Act, 1956. Accordingly, the certificate of incorporation was issued by the Assistant Registrar of Companies, Gujarat, Dadra and Nagar Havelli on November 12, 2009, vide bearing Corporate Identity Number (CIN) U35923GJ2009PLC058554.

India's auto component industry has evolved into a critical pillar of the country's automotive ecosystem, exhibiting a consistent growth trend over the past five years. The Indian auto component market stood at INR 3.5 trillion in FY 2020, before experiencing a slight dip to INR 3.4 trillion in FY 2021, reflecting the pandemic-induced slowdown in automotive production and consumption. From FY 2022 onwards, the sector rebounded sharply, reaching INR 4.2 trillion and further accelerating to INR 5.6 trillion in FY 2023, driven by robust domestic OEM demand, a surge in replacement sales, and a strong export performance. This growth translates into a Compound Annual Growth Rate (CAGR) of approximately 13.6% from FY 2021 to FY 2025, reflecting the sector's resilience and capacity to scale in response to both domestic and global demand. The automotive industry is undergoing a fundamental transformation toward lightweight vehicle design, driven by the dual imperatives of improving fuel efficiency and meeting stringent emission standards in internal combustion engine (ICE) vehicles, as well as extending range and performance in electric vehicles (EVs). In response, original equipment manufacturers (OEMs) are increasingly replacing conventional metal components with advanced plastics and polymer composites across multiple vehicle systems. Plastic moulding technologies, including injection moulding, blow moulding, and thermoforming, are playing a pivotal role in this transition.

Our Company is an auto ancillary unit engaged in the business of plastic injection moulding. We specialise in the manufacture of plastic injection moulding sub-assembly operations and supplying primarily to the automotive sector. In earlier years, the Company also catered to the white goods segment; however, our present focus is on the manufacture of automotive plastic moulded parts.

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