Divgi Torqtransfer Systems IPO Analysis @ Chanakyanipothi.com,
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Divgi Torqtransfer Systems IPO Promoters
JITENDRA BHASKAR DIVGI, HIRENDRA BHASKAR DIVGI AND DIVGI HOLDINGS PRIVATE LIMITED

Divgi Torqtransfer Systems Company Details

The company is amongst the very few automotive component entities in India who have the capability to develop and provide system level transfer case, torque coupler and dual clutch automatic transmissions (“DCT”) solutions. It is one of the leading players supplying transfer case systems to automotive OEMs in India and the largest supplier of transfer case systems to passenger vehicle manufacturers in India. It is also the only player manufacturing and exporting transfer cases to global OEMs from India, and the only manufacturer of torque couplers in India. It also has the capability to develop and provide transmission systems for electric vehicles (“EVs”). The company is in the process of designing and developing prototypes of transmission systems for EVs pursuant to receipt of a business award for this purpose. It has been awarded a contract for the supply of EV transmission systems for one of the leading providers of EVs in India, and for supply of components for Hybrid Vehicles for a global OEM. The Company actively collaborates with Europe’s transmission engineering consulting firms like FEV and Hofer.
It manufactures and supplies a variety of products under the broad categories of (i) torque transfer systems (which includes four wheel-drive (“4WD”) and all-wheel-drive (“AWD”) products); (ii) synchronizer systems for manual transmissions and DCT; and (iii) components for the above-mentioned product categories for torque transfer systems and synchronizer systems in manual transmission, DCT, and EVs. It has also developed (i) transmission systems for EVs; (ii) DCT systems; and (iii) rear wheel drive manual transmissions. It is one of the few companies who serve both as systems level solution provider as well as component kit supplier to global OEMs and Tier I transmission systems suppliers.

It is also one of the first few suppliers of steel and carbon-based synchronizer systems for the
Indian markets, and are one of the leading manufacturers of steel synchronizers in India.
The company is in the process of launching domestically manufactured DCT systems for the Indian market. Once launched, it will be the only manufacturer of DCT systems in India.

The company has three manufacturing and assembling facilities across India located at Sirsi in Karnataka, and Shivare and Bhosari near Pune in Maharashtra, with the manufacturing facilities at Shivare and Bhosari being strategically located in proximity to its key clients, and one under-construction manufacturing facility located at Shirwal. Its manufacturing facilities have been duly certified in accordance with international standards of quality management systems, environmental management systems, health and safety management systems and specialized processes such as IATF
16949:2016, ISO 45001:2018 and ISO 14001:2015.
For more information about the company, click www.divgi-tts.com

Objects of the IPO
The Company proposes to utilize the Net Proceeds of the Fresh Issue towards funding the following
object:
• Funding capital expenditure requirements for the purchase of equipment/machineries of its manufacturing facilities

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