Divine Power Energy Limited (DPEL), a fast-growing player in the electrical wire and strip manufacturing sector, has announced the successful 100% acquisition of Vimlesh Industries Private Limited (VIPL), at a total valuation of ₹70 crore. The deal, which was initiated in November 2024 through a share purchase agreement, marks a major strategic milestone in DPEL’s expansion plans.
With this acquisition, VIPL now becomes a wholly owned subsidiary of DPEL, bolstering the company’s manufacturing capacity, operational efficiency, and market reach—both domestic and international.
Strategic Synergy and Capacity Doubling
Mr. Rajesh Giri, Managing Director of DPEL, commented on the development:
“We are excited to welcome Vimlesh Industries into the DPEL family. This acquisition reflects our long-term commitment to delivering high-quality solutions and creating substantial stakeholder value. The synergies from this integration will significantly strengthen our market positioning and are expected to result in a substantial increase in consolidated revenues due to the doubling of production capacities.”
Post-acquisition, DPEL has also announced its plans to establish in-house manufacturing for super enamelled wires and strips, transitioning from a trading-focused model to a fully integrated manufacturer in this segment.
Advisory Role and Deal Structuring
The acquisition was exclusively advised by Mr. Sagar Bhagwan Bhutada, Co-founder of Impel Ventures, whose expertise in deal structuring, tax planning, and due diligence was key to the successful execution of the transaction.
About Vimlesh Industries
Established in 1986, Vimlesh Industries Private Limited is a reputed manufacturer and exporter of UL-approved enamelled copper and aluminium wires and strips, catering to the automotive sector, motors, lifting magnets, rectifiers, inverters, and transformer manufacturers. The company boasts a strong clientele that includes major corporates and PSUs such as Indian Railways, BHEL, PGCIL, ABB, Schneider, Panasonic, and Legrand.
