Maini Precision Products

About Maini Precision Products

In 1973, Dr. Sudarshan Kumar Maini founded Maini Precision Products, the flagship company of what would become the Maini Group. The company started in Bengaluru, India, with a focus on manufacturing high-precision machined parts and assemblies for a global clientele. They serve diverse sectors including automotive, industrial, and aerospace, establishing themselves as a versatile, end-to-end solutions provider. Under the leadership of the Maini family, including Gautam Maini, the company expanded its capabilities significantly. It grew to operate 11 manufacturing facilities in India, specializing in critical components for engines, transmissions, and fuel injection systems. This focus on precision and a broad range of in-house processes allowed them to become a key supplier for major international original equipment manufacturers. A pivotal moment in the company's history occurred in November 2023. The Raymond Group, a major Indian conglomerate, announced it would acquire a 59.25% majority stake in Maini Precision Products for ₹682 crore (approximately $81.9 million). This acquisition was a strategic move by Raymond to strengthen its engineering division and expand into the high-growth sectors of aerospace, defense, and electric vehicles. Following the acquisition, Gautam Maini was appointed to lead the newly consolidated engineering business, combining the strengths of both entities to target further growth in international and domestic markets.