About Synergies Castings
Synergies Castings is a company based in Visakhapatnam (India) founded in 2005. Synergies Castings has raised $21.31 million across 2 funding rounds from investors including Kubera Cross-Border Fund and Minerals Development Oman. The company has 965 employees as of April 06, 2024. Synergies Castings operates in a competitive market with competitors including Accuride Corporation, Dymag, Superior Industries, Steel Strips Wheels and IOCHPE-MAXION, among others.
- Headquarter Visakhapatnam, India
- Employees 965 as on 06 Apr, 2024
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Sectors
Transportation, Automotive & Logistics
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Phone
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Website
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Social
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- Legal Name Synergies Castings Limited
- Date of Incorporation 24 Jan, 2005
- Jurisdiction Seri Lingampally, Telangana, India
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Annual Revenue
$62.87 M (USD)30.45as on Mar 31, 2023
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Net Profit
$2.72 M (USD)106.01as on Mar 31, 2023
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EBITDA
$7.06 M (USD)27.98as on Mar 31, 2023
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Total Equity Funding
$21.31 M (USD)
in 2 rounds
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Latest Funding Round
Not available
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Investors
Kubera Cross-Border Fund
& 1 more
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Employee Count
965
as on Apr 06, 2024
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Funding Insights of Synergies Castings
Synergies Castings has successfully raised a total of $21.31M across 2 strategic funding rounds. 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.
Investors in Synergies Castings
Synergies Castings has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Kubera Cross-Border Fund and Minerals Development Oman.
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Private equity investments are directed toward US and India markets.
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Mineral exploration and development services are provided to clients.
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Investor details for Synergies Castings
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Investments & Acquisitions by Synergies Castings
Investment portfolio details for Synergies Castings
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Financial Statements - Synergies Castings
Detailed financials for Synergies Castings
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Synergies Castings Comparisons
Peer comparison for Synergies Castings
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Competitors of Synergies Castings
Synergies Castings 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 Accuride Corporation, Dymag, Superior Industries, Steel Strips Wheels and IOCHPE-MAXION, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Wheels and wheel-end components are manufactured for OEMs.
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Manufacturer of carbon fibre wheels
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Aluminum wheels are manufactured and supplied to OEMs and aftermarket.
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Steel wheels and auto components are manufactured for vehicles.
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Steel and aluminium wheels for automotives are manufactured and supplied.
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Alloy wheels are manufactured and supplied to OEMs and aftermarket.
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Detailed competitors of Synergies Castings
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Latest news on Synergies Castings
Complete news archive for Synergies Castings
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Frequently Asked Questions about Synergies Castings
Synergies Castings was founded in 2005 and raised its 1st funding round 2 years after it was founded.
Synergies Castings is headquartered in Visakhapatnam, India. It is registered at Visakhapatnam, Andhra Pradesh, India.
Shekhar Movva is the current CEO of Synergies Castings.
Synergies Castings is a funded company, having raised a total of $21.31M across 2 funding rounds to date.
As of Apr 06, 2024, the latest employee count at Synergies Castings is 965.
Annual revenue of Synergies Castings is $62.87M as on Mar 31, 2023.
Synergies Castings manufactures and finishes aluminium alloy wheels and other aluminium cast components, catering to the auto industry. The company has a manufacturing plant at Visakhapatnam encompassing 21,000 sq meters of built-up space and a capacity to manufacture 520k big size alloy wheels and 240k chrome plated alloy wheels per annum. Clients include Ford (globally), GM (globally), Mahindra Mahindra, Tata Motors, Maruti and Toyota. The company has warehouses and design centres in the USA, Europe and South East Asia as well.
Synergies Castings's top competitors include Steel Strips Wheels, Dymag and Accuride Corporation.
Synergies Castings has 2 investors. Key investors include Kubera Cross-Border Fund, and Minerals Development Oman.