Bain Capital Invests in Dhoot Transmission Group to Accelerate Growth
17 Jan 2025 CW Team
Dhoot Transmission Group, a prominent manufacturer of automotive components, has announced a strategic growth investment from Bain Capital. This partnership with founder and CEO Rahul Dhoot will leverage Bain Capital's automotive expertise to drive innovation, expand global reach, and explore high-growth segments through acquisitions and partnerships.
Founded in 1999, Dhoot Transmission Group specializes in manufacturing wiring harnesses for two-wheelers, three-wheelers, and other vehicles, including both internal combustion engine (ICE) and electric vehicle (EV) segments. The company has diversified into electronics, automotive switches, EV products, and battery assemblies, with a presence in over 20 manufacturing facilities across India, the UK, Slovakia, and Thailand.
Rahul Dhoot expressed excitement about the partnership, stating that Bain Capital’s expertise would help scale the business and capitalize on emerging opportunities. Bain Capital's investment will aid Dhoot Transmission Group’s efforts to expand its customer base, pursue global markets, and further enhance its technological capabilities.
Rishi Mandawat and Saahil Bhatia from Bain Capital emphasized the potential for Dhoot to expand both organically and through mergers and acquisitions. The investment is subject to regulatory approval, with terms of the transaction undisclosed.