Ratnaveer Precision Raises ₹185.5 Cr to Accelerate Growth

Vadodara (Gujarat) [India], December 9: Ratnaveer Precision Engineering Limited, a leading manufacturer of precision stainless-steel components, has successfully raised ₹185.50 crore through a Qualified Institutional Placement (QIP) completed earlier this month. The company allotted 1.28 crore equity shares at ₹145 per share to prominent institutional investors, including Arven, Vintage, PCC-Elite Capital Fund, and Beacon Stone I, significantly strengthening its paid-up capital and liquidity base.

The infusion marks a pivotal milestone as Ratnaveer accelerates its expansion strategy and strengthens its international manufacturing footprint. The company is currently at an advanced stage of evaluating the acquisition of European precision engineering firms with decades of domain expertise serving the automotive, aerospace, and defence sectors. These potential acquisitions will enable Ratnaveer to operate with dual-shore manufacturing capabilities across India and Europe, enhancing its ability to cater to high-margin and highly regulated industries.

Commenting on the development, Vijay Sanghvi, Managing Director & CFO, Ratnaveer Precision Engineering, said:
“These strategic acquisitions and the successful QIP strengthen Ratnaveer’s global footprint and enable us to serve high-margin sectors with dual-shore capabilities. Our focus remains on innovation, quality, and expanding our international presence to deliver sustainable growth.”

Strengthening India’s Electronics Manufacturing Ecosystem

In addition to its global ambitions, Ratnaveer is also playing a key role in India’s rapidly growing electronics manufacturing ecosystem. The company is one of the country’s first fully integrated, high-volume manufacturers of Copper Clad Laminates (CCL)—a critical raw material used in printed circuit boards (PCBs).

Ratnaveer’s manufacturing facility has an annual capacity of 1.6 million sheets, targeting the FR-4 CCL segment, which remains heavily dependent on imports. By entering this segment, the company aims to support India’s strategic sectors, including 5G infrastructure, electric vehicles (EVs), consumer electronics, and defence technology. The government’s PLI (Production-Linked Incentive) schemes further incentivise domestic production, advancing India’s goal of reducing dependence on foreign suppliers.

A Diversified Portfolio With Global Reach

With more than 23 years of industry experience, Ratnaveer Precision Engineering has built a robust portfolio exceeding 5,000 SKUs. Its extensive export network spans 31 countries, supplying vital components to sectors such as:

• Railways

• Renewable Energy

• Oil & Gas

• Pharmaceuticals

• Aerospace

• Defense

The company’s manufacturing units in Vadodara and Ahmedabad continue to expand capacity, reinforcing Ratnaveer’s leadership in stainless-steel washers, fasteners, tubes, and finishing line products. With a strong order book, diversified markets, and global expansion efforts, Ratnaveer is targeting ₹1,900 crore in revenue by FY2028 while focusing on margin enhancement and operational efficiency.

The completion of the QIP and the company’s ongoing acquisition plans signal Ratnaveer’s transition from a high-quality domestic manufacturer to a globally competitive engineering powerhouse.