Padmini VNA Group Secures ₹750 Crore Investment from Norwest

Padmini VNA Group (PVNA), an auto-component manufacturer, on Tuesday announced it hs secured a strategic growth investment from Norwest worth ₹750 crores, as it enters its next phase of growth and innovation. The investment is a milestone in the auto component maker's journey as an R&D driven enterprise focused on clean, connected and future-ready urban mobility solutions. Together, PVNA and Norwest intend to accelerate innovation in clean and connected mobility solutions, strengthen the Group’s leadership in high-growth segments, and support its long-term transformation through global market expansion.

“For over 30 years, we have built this group on a singular belief that world-class mobility innovation can be conceived, engineered and scaled from India. With more than 100 patents and a strong in-house R&D culture driven by over 200 R&D professionals, we have consistently focused on building differentiated, future-ready solutions for evolving urban transit and mobility needs. 

"Partnering with Norwest is a strong validation of this journey and our ambition to build a truly global, innovation-led Indian mobility enterprise," Kabir Bhandari, Managing Director and Chairman, PVNA, said in a statement.

“We are delighted to partner with Kabir and Viveka, who have built Padmini as a highly differentiated, IP-driven auto-component platform, anchored in a strong culture of R&D and innovation. Under their leadership, Padmini has navigated multiple market cycles, driven by unparalleled technical know-how, strong customer relationships and world-class operating standards and processes. With its highly differentiated mechatronics portfolio across powertrains, vehicle segments and OEMs, we believe Padmini is well positioned to benefit from India’s ongoing transition to EV and connected technologies," said Niren Shah, Managing Director and Head of Norwest India.

Over the past 30 years, PVNA has developed a diverse product portfolio of Emission Control Solutions, Sensors, Braking Applications, Thermal Management, Actuators, Seat Solutions, Motors, Solenoid Valves, and Advanced E-Drive Technologies. 

With cutting-edge research, testing and manufacturing facilities and a strong focus on quality, the Group is a supplier of choice to global and Indian Original Equipment Manufacturers across the Two-Wheeler, Passenger Vehicle, Commercial Vehicle and Construction Equipment/Off-Road segments.