Kinetic Engineering to raise INR 54 cr to expand, cut debt and invest in EV arm
The company Board has approved the raising of over INR 54 crore from various available sources including from promoters and sale of non-core assets.
Kinetic Engineering Limited
Kinetic Engineering Limited Overview
INDIA HO
PUNEINDIA HO
PUNECIN
L35912MH1970PLC014819TYPE
PublicCATEGORY
Company limited by SharesSUB-CATEGORY
Non-govt companyWEBSITE
http://www.kineticindia.comFOUNDED
1970-10-08PAID-UP CAPITAL
482,010,760AUTHORISED CAPITAL
1,959,082,530Kinetic Engineering Limited in News
Kinetic Engineering reports 106% jump in EBITDA in Q4 FY22
Its Q4 FY22 revenue was up 43% Y-o-Y at INR 124.35 crore from INR 87.03 crore in the previous financial year, the company said.
Kinetic Engineering eyeing partnership for battery and motor manufacturing
Kinetic Engineering is in talks with Japanese and Korean companies to explore partnerships for the motors and it has already been approached by a vehicle maker to manufacture battery.
Kinetic plans to make two and three wheeler engines
This is in addition to its plans to develop a brand new motorcycle in the 250-500 cc displacement segment in collaboration with its partner British bike brand Norton
Directors of Kinetic Engineering Limited
| Name | DIN | Designation | Date of joining | |
|---|---|---|---|---|
| Sudhir Sanghi | 00033352 | psgreddy@yahoo.co.in | Director | 31 Oct,1995 |
| Jinendra Hirachand Munot | 00049838 | jhmunot@gmail.com | Director | 06 Aug,2011 |
| Sulajja Motwani Firodia | 00052851 | sfm@kineticindia.com | Whole-time director | 04 May,1996 |
| Arun Hastimal Firodia | 00057324 | md@autoclusterpune.org | Whole-time director | 01 Jul,1987 |
| Shirish Ratanlal Kotecha | 00170659 | Director | 27 Nov,1987 | |
| Ramesh Jankiram Kabra | 00306688 | mangalind@hotmail.com | Director | 28 Jun,2014 |
| Ajinkya Arun Firodia | 00332204 | ajinkya@kineticindia.com | Managing director | 06 Apr,2009 |
| Kantilal Hastimal Sancheti | 00872400 | khsancheti@vsnl.net | Director | 27 May,1989 |
| Deepali Bahl | 02013164 | deepali.bahl@pinebridge.com | Alternate director | 30 Mar,2009 |
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