Mumbai: Italian power transmission components maker Bonfiglioli S.p.A is looking to raise about $250 million (₹2,200-2,300 crore) through the proposed listing of its Indian arm, Bonfiglioli Transmissions, people familiar with the matter said.
The company is expected to file offer documents later this month, they said, adding that the proposed public issue will be entirely an offer for sale (OFS) by the Italy-based parent, which currently holds a majority stake in the Indian subsidiary.
No fresh capital will be raised through the offering, the people cited earlier said. In OFS, promoters or parent companies sell existing shares, so funds go directly to them.
An email query sent to the company remained unanswered.
Bonfiglioli Transmissions has been operating in India for over 25 years and is among the larger domestic players in mechanical and electro-mechanical power transmission systems. The company manufactures gearboxes, gearmotors and drive solutions catering to industrial automation, off-highway mobility and wind energy applications.
Over the past three years, the parent company has invested close to ₹300 crore in India to expand manufacturing capacity and strengthen local engineering and product development capabilities. India has emerged as a key production and export hub for the group, aligned with the government's 'Make in India' initiative.
The company operates manufacturing facilities at Chennai and Mannur in Tamil Nadu, focused on gearboxes and gearmotors for mobile machinery, wind turbines and industrial processes. Its Pune plant serves a wide range of industries, including cement, steel, food processing, pharmaceuticals, textiles, material handling, power generation and water treatment.
Bonfiglioli Transmissions has a customer base of over 1,000 across its business segments. Product development for the Indian market is supported by the group's R&D centre in Chennai.
The company is estimated to have reported revenues of about ₹1,964 crore in calendar year 2025 and is said to have remained consistently profitable, industry sources said.
The company is expected to file offer documents later this month, they said, adding that the proposed public issue will be entirely an offer for sale (OFS) by the Italy-based parent, which currently holds a majority stake in the Indian subsidiary.
No fresh capital will be raised through the offering, the people cited earlier said. In OFS, promoters or parent companies sell existing shares, so funds go directly to them.
An email query sent to the company remained unanswered.
Bonfiglioli Transmissions has been operating in India for over 25 years and is among the larger domestic players in mechanical and electro-mechanical power transmission systems. The company manufactures gearboxes, gearmotors and drive solutions catering to industrial automation, off-highway mobility and wind energy applications.
Over the past three years, the parent company has invested close to ₹300 crore in India to expand manufacturing capacity and strengthen local engineering and product development capabilities. India has emerged as a key production and export hub for the group, aligned with the government's 'Make in India' initiative.
The company operates manufacturing facilities at Chennai and Mannur in Tamil Nadu, focused on gearboxes and gearmotors for mobile machinery, wind turbines and industrial processes. Its Pune plant serves a wide range of industries, including cement, steel, food processing, pharmaceuticals, textiles, material handling, power generation and water treatment.
Bonfiglioli Transmissions has a customer base of over 1,000 across its business segments. Product development for the Indian market is supported by the group's R&D centre in Chennai.
The company is estimated to have reported revenues of about ₹1,964 crore in calendar year 2025 and is said to have remained consistently profitable, industry sources said.