About JMT Auto
JMT Auto is a company based in Jamshedpur (India) founded in 1987 was acquired by Ramkrishna Forgings in December 2023.. JMT Auto has raised $26.33 million across 2 funding rounds from investors including Ramkrishna Forgings, Amtek Industries and ChrysCapital. The company has 274 employees as of August 31, 2024. JMT Auto operates in a competitive market with competitors including Cummins, Valeo, UNO Minda, Linamar and Schaeffler, among others.
- Headquarter Jamshedpur, India
- Employees 274 as on 31 Aug, 2024
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
- Legal Name Ramkrishna Casting Solutions Limited
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Annual Revenue
$1.06 M (USD)498as on Mar 31, 2024
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Net Profit
$2.47 M (USD)364as on Mar 31, 2024
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EBITDA
$3.39 M (USD)472as on Mar 31, 2024
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Total Equity Funding
$26.33 M (USD)
in 2 rounds
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Latest Funding Round
$18.4 M (USD), Unspecified
Jun 28, 2013
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Investors
Ramkrishna Forgings
& 2 more
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Employee Count
274
as on Aug 31, 2024
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Acquired by
Ramkrishna Forgings
(Dec 18, 2023)
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Funding Insights of JMT Auto
JMT Auto has successfully raised a total of $26.33M across 2 strategic funding rounds. The most recent funding activity was a Unspecified round of $18.4 million completed in June 2013. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Unspecified — $18.4M
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First Round
First Round
(21 Sep 2005)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2013 | Amount | Unspecified - JMT Auto | Valuation |
investors |
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| Sep, 2005 | Amount | Unspecified - JMT Auto | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in JMT Auto
JMT Auto has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Ramkrishna Forgings, Amtek Industries and ChrysCapital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment firm focusing on private equity in sectors like financial services and healthcare.
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Founded Year | Domain | Location | |
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Manufactures forged, cast, and machined auto components
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Founded Year | Domain | Location | |
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Ramkrishna Forgings is engaged in metal forming and manufacturing.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by JMT Auto
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - JMT Auto
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Jmt Auto Comparisons
Competitors of JMT Auto
JMT Auto operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Cummins, Valeo, UNO Minda, Linamar and Schaeffler, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Manufacturer of gas-powered construction equipment
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| domain | founded_year | HQ Location |
Automotive products and services are supplied globally to automakers.
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| domain | founded_year | HQ Location |
Manufacturer and supplier of major auto components to OEMs and tier 1 companies
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| domain | founded_year | HQ Location |
Motor vehicle and agricultural parts are manufactured and supplied.
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| domain | founded_year | HQ Location |
Manufacturer of bearings for the automotive industry
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| domain | founded_year | HQ Location |
Automotive components and systems are manufactured for vehicles.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Jmt Auto
Frequently Asked Questions about JMT Auto
When was JMT Auto founded?
JMT Auto was founded in 1987 and raised its 1st funding round 18 years after it was founded.
Where is JMT Auto located?
JMT Auto is headquartered in Jamshedpur, India. It is registered at Jamshedpur, Jharkhand, India.
Who is the current CEO of JMT Auto?
Sanjay Tiku is the current CEO of JMT Auto.
Is JMT Auto a funded company?
JMT Auto is a funded company, having raised a total of $26.33M across 2 funding rounds to date. The company's 1st funding round was a Unspecified of $7.93M, raised on Sep 21, 2005.
How many employees does JMT Auto have?
As of Aug 31, 2024, the latest employee count at JMT Auto is 274.
What is the annual revenue of JMT Auto?
Annual revenue of JMT Auto is $1.06M as on Mar 31, 2024.
What does JMT Auto do?
JMT Auto was founded in 1987 and is headquartered in Jamshedpur, India. Operations focus on the automotive sector, where engine, axle, and gear components are produced, with primary emphasis on gear and transmission parts. Comprehensive details on financial performance, governance structure, and other investor-relevant information are provided through company resources.
Who are the top competitors of JMT Auto?
Who are JMT Auto's investors?
JMT Auto has 3 investors. Key investors include Ramkrishna Forgings, Amtek Industries, and ChrysCapital.
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