About Highway Industries
Highway Industries is a Transportation, Automotive & Logistics company based in Ludhiana (India) founded in 1971, and was acquired by The Carlyle Group in February 2025. Forged and precision machined components are supplied to OEMs. The company has 1,620 employees. Its chief executive, as recorded, is Sunil Ailavadi. Its Indian entity Highway Roop Industries Limited reported revenue of ₹1,316 Cr. Highway Industries offers products and services including E-Drive Solutions, Drive Line & Braking, Steering & Body Parts, Suspension, and Gears & Shafts. Its focus areas include Auto, Auto Components, Sheet Metal and Fabrication Parts. Its competitors include Maini Precision Products, Ramkrishna Forgings and Bharat Forge.
Company details
Highway Industries was established in 1971 in Ludhiana, India, as a manufacturer of forged and precision machined components. Items such as crankshafts, connecting rods, kick starter spindles, and flanges are produced for two-wheelers and four-wheelers. Supplies are provided to OEMs in automotive, refrigeration, and white goods sectors. Clients include Hero, Mahindra, Eicher Tractors, Magna Powertrain, and Sonalika International. Primary markets are located in the US and Europe.
- Headquarters Ludhiana, India
- Employees 1,620
- Stage Acquired
- SectorsTransportation, Automotive & Logistics
- Phone•••• ••••
- Website highwayindustries.com
- Social LinkedIn
- Acquired by The Carlyle Group (Feb 2025)
- Legal Name Highway Industries Limited
- Date of Incorporation 20 May, 1971
- Jurisdiction Ludhiana, Punjab, India
- Annual Revenue₹1,316 Cr
FY 2025 · +13% YoY
- Net Profit₹112 Cr
FY 2025 · 9% margin
- EBITDA₹229 Cr
FY 2025 · 18% margin
- Investors
- Employee Count1,620
- Acquired byThe Carlyle Group
(Feb 2025)
Associated legal entities of Highway Industries
Highway Industries operates through Highway Roop Industries Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Highway Roop Industries Limited CIN U00000PB1971PLC003012 | Active | 20 May 1971 | Ludhiana, Punjab | ₹1,316 Cr | 1,620 | 6 | View details |
Products & Services of Highway Industries
Highway Industries offers a comprehensive portfolio of products and services, including E-Drive Solutions, Drive Line & Braking, Steering & Body Parts, Suspension, and Gears & Shafts.
Precision components for electric drive systems in vehicles
Components for vehicle drive lines and braking systems
Parts for vehicle steering and body structures
Components for vehicle suspension systems
Precision gears and shafts for engines
Investors in Highway Industries
Highway Industries has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include The Carlyle Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity investments are directed toward multiple sectors. | 1986 | carlyle.com |
Investor details for Highway Industries
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Highway Roop Industries Limited (Highway Industries)
Highway Roop Industries Limited is the primary company behind Highway Industries. The board of Highway Roop Industries Limited currently have 4 directors; the longest-serving is Amol Munjal, appointed in 2010. 13 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Amol Munjal DIN 03164253 | Whole-time director | 24 Jul 2010 | 16 yrs 3 mo | Highway Roop Industries Limited |
| Kishore Mukund Saletore DIN 01705850 | Director | 13 Feb 2025 | 1 yr 9 mo | Highway Roop Industries Limited |
| Anandi Iyer DIN 03615357 | Director | 13 Feb 2025 | 1 yr 9 mo | Highway Roop Industries Limited |
| Dharmesh Subhash Chandra Arora DIN 05350121 | Additional Director | 29 Jul 2025 | 1 yr 3 mo | Highway Roop Industries Limited |
People of Highway Industries
1 people are tracked at Highway Industries (1 in leadership); the tracked headcount is 1,620.
| Name | Role | Group |
|---|---|---|
Sunil Ailavadi | President & CEO | Leadership |
Complete people profiles for Highway Industries
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Highway Industries
Figures of Highway Roop Industries Limited, the primary company behind Highway Industries, for FY 2025. Revenue was ₹1,316 Cr (+13% year on year). Net profit was ₹112 Cr (9% margin). EBITDA was ₹229 Cr (18% margin). Revenue has grown at a compounded annual rate of +13% over three years and +13% over five years.
- ₹1,316 CrRevenue · FY 2025 · +13% YoY
- ₹112 CrNet profit · 9% margin
- ₹229 CrEBITDA · 18% margin
- ₹1.65 CrPaid-up capital
- 1,620Employees (provident fund records)
- +13%Revenue CAGR, 3 years
- +13%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Highway Roop Industries Limited are on its company page.
Detailed financial statements for Highway Industries
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Highway Industries
2 dated milestones of Highway Industries across 54 years, from founding to its latest funding, stage changes and deals.
- Founded Highway Industries is founded.
- Exit Acquired by The Carlyle Group.
Competitors of Highway Industries
Highway Industries has 3 listed competitors in our database. They include Maini Precision Products, Ramkrishna Forgings and Bharat Forge.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| mainiprecisionproducts.com | 1973 | Bengaluru, India | 1,445 | Manufacturer & supplier of precision products and assemblies | ||
| ramkrishnaforgings.com | 1981 | Kolkata, India | 2,653 | Ramkrishna Forgings is engaged in metal forming and manufacturing. | ||
| bharatforge.com | 1961 | Pune, India | 4,132 | Technology-enabled automotive tools, forging, and machining materials are manufactured. |
Detailed competitors of Highway Industries
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Automotive Manufacturing & Components
3 companies that operate in the same segment as Highway Industries (Automotive Manufacturing & Components) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electrical and electronic parts for automobiles are provided by SEDEMAC. | 2007 | Pune, Maharashtra, India | USD 26.22 M | USD 32.69 M | 415 | |
Manufacturer of petrol, CNG, diesel and electric last mile mobility 3 & 4 wheelers, passenger, and cargo vehicles | 1994 | Mumbai, Maharashtra, India | USD 137.89 M | USD 24.41 B | 33,980 | |
Lithium-ion batteries for electric vehicles are manufactured across categories. | 2006 | Gurugram, Haryana, India | USD 34.18 M | 177 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Highway Industries
Complete news archive for Highway Industries
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Highway Industries
Highway Industries was founded in 1971.
Highway Industries is headquartered in Ludhiana, India. It is registered at Ludhiana, Punjab, India.
Sunil Ailavadi is the CEO of Highway Industries, as recorded in our data.
Highway Industries has 1,620 employees.
The primary company behind Highway Industries, Highway Roop Industries Limited, reported revenue of ₹1,316 Cr for FY 2025, up 13% year on year.
Highway Industries was established in 1971 in Ludhiana, India, as a manufacturer of forged and precision machined components. Items such as crankshafts, connecting rods, kick starter spindles, and flanges are produced for two-wheelers and four-wheelers. Supplies are provided to OEMs in automotive, refrigeration, and white goods sectors. Clients include Hero, Mahindra, Eicher Tractors, Magna Powertrain, and Sonalika International. Primary markets are located in the US and Europe.
Highway Industries's top competitors include Bharat Forge, Maini Precision Products and Ramkrishna Forgings.
Highway Industries offers E-Drive Solutions, Drive Line & Braking, Steering & Body Parts, Suspension, and Gears & Shafts.
Highway Industries has 1 investor. Key investors include The Carlyle Group.
Highway Industries operates through Highway Roop Industries Limited.
Yes. Highway Industries was acquired by The Carlyle Group in February 2025.
The legal entities of Highway Industries currently have 6 directors, including Amol Munjal, Kishore Mukund Saletore, Anandi Iyer and others.