Kranti Industries, Kores Form JV For Precision Machining Unit

08 Oct 2025 CW Team

Kranti Industries Limited, a leading BSE-listed auto component and precision engineering firm, has announced a strategic joint venture with Kores Group to establish a state-of-the-art greenfield precision machining facility at Halol, Gujarat. The new entity, KRAKO Precision Private Limited, marks a major milestone in Kranti’s journey of expansion, diversification, and manufacturing excellence.

The collaboration aims to combine the strengths of both companies in precision engineering, operational efficiency, and innovation to cater to the evolving demands of domestic and global customers.

Key Details of the Joint Venture:

Location: Halol, Gujarat – a key industrial hub with advanced manufacturing infrastructure.
Equity Structure: Kranti Industries Limited – 35 per cent; Kores Group – 65 per cent.
Focus: Machining of critical casting components for automotive and engineering applications.
Objective: To integrate technical expertise, operational excellence, and innovation to deliver superior engineering
solutions and generate sustainable stakeholder value.

Commenting on the development, Mr. Sachin Subhash Vora, Chairman and Managing Director of Kranti Industries, said,

“This partnership with Kores Group is a defining step in our growth journey. It aligns with our strategy to expand capabilities, enter high-value machining domains, and foster innovation through collaboration. By combining Kranti’s precision machining expertise with Kores Group’s robust industrial ecosystem, we aim to set new benchmarks in efficiency, quality, and customer value creation.”

He further added that the joint venture reinforces Kranti’s commitment to operational excellence and sustainable growth as part of its Vision 2030, which aims to establish the company as a globally recognised solutions provider built on integrity, precision, and trust.

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