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About Tube Investments of India

Tube Investments of India Limited was originally incorporated as TI Financial Holdings Limited on 6th October 2008 under the Companies Act, 1956, as a wholly owned subsidiary of erstwhile Tube Investments of India Limited (Demerged Company). Pursuant to the Scheme of Arrangement approved by NCLT, the Manufacturing Business Undertaking of the Demerged Company was vested in/transferred to the Company with effect from 1st August 2017, being the appointed date, 1st April 2016 and the name of the Company was changed to 'Tube Investments of India Limited'. The Company operate manufacturing plants across the country and has 4 product segments, Engineering, Metal Formed Products, Gear and Gear Products and Mobility. During FY 2017, Shanthi Gears Ltd (SGL), a subsidiary of the company, renewed its focus on re-establishing itself in the market and gaining new customers. TI Tsubamex Private Limited' (TTPL) focus during the year was in setting up the manufacturing system and establishing a vendor base for supply of castings with rough machining. Tube Investments invested an aggregate Rs.10 Cr. in the equity share capital of TI Absolute Concepts Private Limited (TIACPL), with the joint venture partner also making an equal contribution as envisaged under the Joint Venture Agreement. The Company's Large Diameter Tube manufacturing plant got stabilized during the FY 2017. The Company continues to invest in facilities with a view to servicing its customers in a more timely and efficient manner, modernizing its assets and aims to be the best in class. The new green-field bicycle plant at Punjab with a production capacity of 2,50,000 bicycles per month was inaugurated during the year. The Company also started construction of a new plant in Rajpura, Punjab to manufacture precision tubes. During FY 2017-18, TTPL completed and delivered varied projects for different auto OEMs and their Tier 1 suppliers. The highlight was delivery of skin panel dies for an auto major's new project. The company was able to attract, recruit and train tool & die engineers from reputed polytechnics such as Nettur Technical Training Foundation (NTTF) and Murugappa Polytechnic. During FY 2018, the Company had invested in the aggregate Rs. 3.75 Cr. in the equity share capital of TIACPL, with the joint venture partner also making an equal contribution as envisaged under the Joint Venture Agreement. The Company presently holds 50% of TIACPL's equity capital. Ciclo Cafes operated by TIACPL are functioning at Kotturpuram (Chennai), Hyderabad and Bengaluru. Further, consequent to the demerger, sanctioned by the National Company Law Tribunal, Chennai vide its Order dated 17th July, 2017 and effective 1st April 2016, the Appointed Date under the Scheme of Arrangement (Demerger), Cholamandalam Investment and Finance Company Limited ceased to be an Associate of the Company, Cholamandalam MS General Insurance Company Limited ceased to be subsidiary of the Company and Cholamandalam MS Risk Services Limited ceased to be the Joint Venture of the Company. The Company established a Global Depository Receipts ('GDR') Programme by executing a Depository Agreement on 29th January, 2018 with Bank of New York Mellon, New York, USA ('BNYM') pursuant to which BNYM acts as the Depository for the GDRs issued in respect of 42,23,460 (representing 2.25% of the Company's paid up capital) underlying equity shares of the Company allotted pursuant to the Scheme of Arrangement for Demerger between TI Financial Holdings Limited (formerly Tube Investments of India Limited - Demerged Company) and the Company (the Resulting Company). On 9 March 2018, the Group acquired 80% shares in Great Cycles (Private) Limited and Creative Cycles (Private) Limited, bicycle and component manufacturing companies based out of Sri Lanka for a consideration of Rs.16.98 Cr. (USD 2.61 Million) and Rs.6.47 Cr. (USD 0.99 Million) respectively and accounted a capital reserve of Rs.0.38 Cr. The acquisition is part of the Group strategy for securing the backend supply chain in the mass premium and super premium segments of its bicycles business. In 2017-18, 67 new model bicycles were launched and 60 old models were refreshed, contributing to 41% of the turnover from such new products and refreshes. Multiple innovations were introduced for the first time in the industry, notable among them being the Anti-Slip Chain and a range of ergonomic handlebars. In FY 2019-20, 70 new model bicycles were launched, and 53 older models were refreshed. In FY 2020-21, new plant for manufacturing Opto Electronic Products and Solutions at Sri City, in Andhra Pradesh, became operational during the year. The business commenced supplies of optic solution products for Automated Driver Assisted Systems in new generation cars, to overseas customers. It acquired controlling interest in M/s. CG Power and Industrial Solutions Limited and took over its business. In 2020-21, 43 new model bicycles were launched, and 54 older models were refreshed. In FY 2021- 22, Company formed a wholly-owned subsidiary, TI Clean Mobility Private Limited (TICMPL) on 12th February 2022 and acquired 69.95% stake in Cellestial E- Mobility Private Limited, a manufacturer of Electric Tractors. The assets of three-wheeler electric vehicle business were moved from the Company to TICMPL. Further, another new Company viz., M/s. Cellestial E-Trac Private Limited was incorporated as a wholly owned subsidiary on 25th February 2022. In 2021-22, 66 new model bicycles were launched, and 23 models were refreshed. It invested stake in M/s. Aerostrovilos Energy Private Limited (AEPL), a Chennai based start-up engaged in development of micro-gas turbine technology and became an associate Company with effect from 24th November 2021. During 2022-23, the Company acquired remaining 30.04% equity shares on 27th January 2023, making it a wholly-owned subsidiary of the Company. Thereafter, the Company acquired 33,61,902 equity shares representing 67% of the share capital for about Rs 233 Cr. and Premji Invest acquired 16,55,862 equity shares representing 33% of the share capital for about Rs 115 Cr. on 10th May 2023. The Company acquired 20,66,628 equity shares representing 76% of the share capital of M/s. Moshine Electronics Private Limited on 23rd September 2022. In 2022-23, 49 new model bicycles were launched, and 55 models were refreshed. 20+ new bicycle models were launched across the segments - City, MTB, Kids and Kits. The Company acquired 65.2% stake in IPLTech Electric Private Limited (IPLTech) a manufacturer of E-M&HCV.

Parent Organisation
Murugappa Group
Managing Director
M A M Arunachalam
Founded
2008
NSE Symbol
TIINDIA

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Community Discussion

A
AngelOne
7th May 2024
TI Clean Mobility secures Rs. 580 Cr investment from GEF, driving innovation in commercial electric vehicles for sustainable mobility solutions. TI Clean Mobility Private Limited (TICMPL) of Tube Investments specializes in developing electric vehicle (EV) platforms tailored for commercial use, across three-wheelers, tractors, and both small and heavy commercial vehicles. It holds a prominent position in the electric passenger three-wheeler market with “Montra Electric’’ in Southern India and is actively spreading its footprint to establish a nationwide presence. Rs. 580 Cr Investment Tube Investments of India (TII), a part of the Murugappa Group, revealed that its EV subsidiary, TI Clean Mobility, has finalized a deal to secure Rs 580 crore from private equity firm GEF Capital Partners LLC. This agreement involves the signing of definitive documents with GEF, specifically South Asia Growth Invest III LLC and South Asia EBT Trust III (collectively referred to as GEF), to raise approximately Rs.580 crore through equity and Compulsorily Convertible Preference Shares (CCPS). ​​As per the plans, GEF will acquire 100 equity shares priced at Rs.20 each and 5.80 crore CCPS valued at Rs.100 per CCPS, totalling Rs.580 crore. The conversion ratio for CCPS held by current investors, GEF, and Tll, will be determined upon conversion. Initial Fundraise TICMPL had initially aimed to secure funds amounting to Rs.3,000 crore to support various segments of its electric vehicle operations. However, with the completion of the current investment round, the total raised capital is set to reach Rs.2,530 crore, as stated by the company. They are concentrating on specific sub-categories with an emphasis on electrification. GEF’s reputation for prioritizing environmental responsibility aligns well with its investment in TICMPL, strengthening efforts to deliver sustainable commercial mobility solutions. GEF’s Commentary on the deal Sridhar Narayan, Co-Founder and Managing Partner at GEF Capital Partners LLC, expressed excitement about partnering with the Murugappa Group and investing in TI Clean Mobility. He highlighted the company’s focus on productive sub-segments with a major emphasis on electrification. Narayan also praised the leadership of S. Vellayan and the capable team, expressing confidence in their promising success and unique market strategy in shaping clean mobility. Conclusion: TI Clean Mobility is striding forward in electric vehicles, particularly in commercial mobility, with a focus on innovation and electrification with unique products like “Montra Electric”. GEF’s investment of Rs. 580 crore reaffirms confidence in its vision. Backed by industry GEF’s environmental commitment, TI Clean Mobility seems set to deliver cleaner commercial mobility solutions with the new investment. Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions. https://tinyurl.com/mrxv7a98
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Tube Investments Of India Ltd FAQs

Tube Investments Of India Ltd (TIINDIA) share price as of July 12, 2024, on NSE is Rs 4153.7 (NSE) and Rs 4153.7 (BSE) on BSE.
Yes, You can buy Tube Investments Of India Ltd (TIINDIA) shares by opening a Demat account with Angel One.
Tube Investments Of India Ltd (TIINDIA) share can be bought through the following modes:
1. Direct investment: You can buy Tube Investments Of India Ltd (TIINDIA) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Tube Investments Of India Ltd (TIINDIA) shares.
Tube Investments of India produces products for major industries such as Automotive, Railway, Construction, Mining, Agriculture, etc. It's three primary verticals are engineering, metal-formed products and bicycles.
CG Power and Industrial Solutions Ltd, Shanthi Gears Ltd (SGL), Great Cycles (Private) Limited (GCPL), Creative Cycles (Private) Limited (CCPL) and TI Clean Mobility Private Limited (TICMPL) are some of the major subsidiaries of Tube Investments of India.
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