Fairfax-backed Maxop buys majority of Faith Automation, valued at up to $60M
What's the deal? FairfaxDealroom has a profile for this one. Try Dealroom →-backed Maxop EngineeringDealroom has a profile for this one. Try Dealroom → has bought a majority stake in Pune-based Faith Automation Systems and Tooling, the companies said in a joint statement. Industry experts pegged the enterprise value at US$54.3M-US$67.9M, though neither side disclosed terms.
Who's involved? Maxop makes lightweight aluminium components for automakers. Faith designs and engineers automated vehicle production lines, handling everything from process planning and mechanical design to robot programming, system integration, and on-site commissioning.
What's the endgame? The buyout extends Maxop beyond aluminium parts into robotic body-shop assembly lines and turnkey automation for carmakers and Tier-1 suppliers. Faith's client roster — HondaDealroom has a profile for this one. Try Dealroom →, Mahindra & MahindraDealroom has a profile for this one. Try Dealroom →, and StellantisDealroom has a profile for this one. Try Dealroom → — broadens Maxop's reach into the sector.
Who built Faith? Its founding team, led by Nilesh Pandhare and six colleagues, previously worked at Italian firm ComauDealroom has a profile for this one. Try Dealroom →, once part of Stellantis. The company posts revenues of about US$40.7M.
By the numbers: Maxop crossed a milestone in FY26, with consolidated revenue up 17% year-on-year to US$136.8M from US$117M. Net profit rose 32% to US$12.4M, helped by exports of US$68.3M that topped domestic turnover.
The signal: The deal reflects a wider push in India's auto-component sector toward automation and advanced manufacturing — Sona ComstarDealroom has a profile for this one. Try Dealroom → has committed US$8.5M to robotics. For Maxop, the move is less about scale than about widening what it can offer existing and future customers.
Read more: economictimes.indiatimes.com
Image credit: Generated with Gemini
