Bain Capital, a global private investment firm, has made strategic investment for a significant minority stake in Dhoot Transmission Group, a leading manufacturer of automotive components. The investment was made through Bain Capital’s Private Equity team. Terms of the private transaction, which is subject to regulatory approval, were not disclosed.

Through an aligned partnership with Founder and CEO, Rahul Dhoot, Bain Capital will leverage its global automotive expertise and deep value-creation capabilities to support the company’s continued growth.

Founded in 1999, Dhoot Transmission Group is a global leader in two-wheeler and three-wheeler wiring harness.

The company’s advanced wiring harnesses also power heavy andlight commercial vehicles, off-road vehicles, and farm equipment in ICE and EV segments across the globe.

Diversification of products

Over the past 25 years, Dhoot Transmission Group has also diversified in electronics sensors and controllers, automotive switches, connection systems and an array of EV products, including charging guns, inlets, off-board chargers, RCDs, high voltage and low voltage wiring harness and assembly of Li-Ion Batteries.

The Group has 20 modern manufacturing facilities in India, the UK, Slovakia, and Thailand.

Rahul Dhoot, Founder and CEO, Dhoot Transmission Group said the partnership will provide strategic expertise to scale globally and pursue emerging opportunities that deliver value to customers worldwide.

Rishi Mandawat, Partner, Bain Capital said over the past two decades, the Group has served as a critical partner to OEMs powering India’s two-wheeler market which is among the largest in the world with a strong growth trajectory.

Singhi Advisors, Trilegal and Deloitte served as advisors to Dhoot Transmission Group.

Incidentally, Singhi Advisors had advised Dhoot Transmission Group earlier on its five acquisitions across different sectors.

Alvarez and Marsal, AZB & Partners, ERM, ICICI Securities, Kearney, Kirkland and Ellis, KPMG and PwC served as advisors to Bain Capital.