About Techniks Industries
Techniks Industries is a company based in Indianapolis (United States) founded in 2013 was acquired by Audax Group in September 2015.. Techniks Industries has completed 2 acquisitions, including EideSaw and Riverside Tool. Techniks Industries offers products and services including CNC Toolholders and ShrinkFIT Tools.
- Headquarter Indianapolis, United States
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Phone
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Website
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Social
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- Legal Name Techniks Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Fidus Investment
& 2 more
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Employee Count
Employee Count
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Investments & Acquisitions
EideSaw
& 1 more
- Acquired by
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Products & Services of Techniks Industries
Techniks Industries offers a comprehensive portfolio of products and services, including CNC Toolholders and ShrinkFIT Tools. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
CNC toolholders are provided as specialized solutions for improving connections between cutting tools and spindles in manufacturing processes.
ShrinkFIT tools and machines are supplied for demanding applications where high precision and performance are required in various industries.
Funding Insights of Techniks Industries
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2017 | Amount | Debt – Conventional - Techniks Industries | Valuation |
investors |
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| Jun, 2017 | Amount | Private Equity Round - Techniks Industries | 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 Techniks Industries
Techniks Industries has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Fidus Investment, Audax Group and Tenex Capital Management. 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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PE firm investing in the US
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Founded Year | Domain | Location | |
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Private equity investments in acquisitions and carve-outs are pursued.
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Founded Year | Domain | Location | |
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Audax Group is focused on supporting middle market companies.
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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 Techniks Industries
Techniks Industries has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include EideSaw and Riverside Tool. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Manufacturer of diamond and carbide cutting tools
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1990 | ||||
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Cold and band saws manufacturing and tooling services are provided.
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1927 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Techniks Industries
| 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 |
Techniks Industries Comparisons
Competitors of Techniks Industries
| 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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Frequently Asked Questions about Techniks Industries
When was Techniks Industries founded?
Techniks Industries was founded in 2013 and raised its 1st funding round 4 years after it was founded.
Where is Techniks Industries located?
Techniks Industries is headquartered in Indianapolis, United States. It is registered at Indianapolis, Indiana, United States.
What does Techniks Industries do?
Techniks Industries was established in 2013 via the acquisition of Techniks by Tenex Capital Management and its merger into NAP GLADU. Industrial tools, cutting tools, and accessories are designed and produced for the metal, wood, and advanced materials industries. Custom cutting tools and related services are provided to clients. The company is headquartered in Indianapolis, United States, serving industrial applications.
What products or services does Techniks Industries offer?
Techniks Industries offers CNC Toolholders and ShrinkFIT Tools.
How many acquisitions has Techniks Industries made?
Techniks Industries has made 2 acquisitions, including EideSaw, and Riverside Tool.
Who are Techniks Industries's investors?
Techniks Industries has 3 investors. Key investors include Fidus Investment, Audax Group, and Tenex Capital Management.
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