Mumbai, July 21: Gabriel India Ltd has unveiled an ambitious expansion plan to transform itself into a diversified mobility technology company by investing around ₹3,166 crore to acquire stakes in HL Mando Anand India and HL Klemove India, marking its entry into advanced automotive technologies such as steering systems, braking solutions, automotive electronics and advanced driver assistance systems (ADAS).
The company will acquire a 28.9% stake in HL Mando Anand from Asia Investments Pvt. Ltd. for approximately ₹2,231 crore through a combination of preferential share issuance and cash. It will also acquire a 29.99% stake (30% less one share) in HL Klemove India from South Korea’s HL Klemove Corporation for around ₹935 crore, with the consideration to be paid in two tranches.
Gabriel said the acquisitions would significantly broaden its product portfolio beyond its core ride-control business, giving it exposure to steering systems, braking products, automotive electronics and autonomous driving technologies. The company believes the deals will strengthen its position as the Anand Group’s primary listed automotive platform while enhancing its technology capabilities and manufacturing footprint.
HL Mando Anand, a joint venture between HL Mando Corporation and Asia Investments Pvt. Ltd., is among India’s leading manufacturers of steering systems, suspensions and braking products. The company generated ₹5,886 crore in revenue in FY26 and operates three manufacturing facilities near Chennai.
HL Klemove India manufactures ADAS and automotive electronic components, including radar systems, smart cameras and electronic control units (ECUs). The company reported provisional FY26 revenue of around ₹1,049 crore and operates what Gabriel described as India’s first localized ADAS radar and smart camera production lines.
Gabriel expects the acquisition of HL Mando Anand to deliver an estimated 13% earnings per share (EPS) accretion on a pro forma FY26 basis, in addition to the gains already achieved through its earlier “Project Rise” restructuring. The company also expects the rapid scaling of HL Klemove India to support higher profitability and valuation over time.
Following the completion of “Project Rise” and the proposed “Project Jupiter” transactions, Gabriel expects consolidated revenue across its businesses to increase to about ₹16,111 crore in FY26, further strengthening its role within the Anand Group’s automotive business.