Key Highlights
- Motilal Oswal Alternates (subsidiary of MOFSL) invests ₹110 crore in IL JIN Electronics
- Subsidiary acquires ₹100 crore stake in Kusumgar Limited
- IL JIN reported FY25 turnover of ₹1,460.01 crore, Kusumgar posted ₹779 crore revenue
- Acquisitions are part of treasury investment strategy aimed at sustainable long-term returns
- Both deals executed through cash consideration
Motilal Oswal Alternates Limited (MO Alternates), the wholly-owned subsidiary of Motilal Oswal Financial Services Limited (MOFSL), has invested over ₹210 crore across two companies—IL JIN Electronics (India) Private Limited and Kusumgar Limited.
On September 25, 2025, MO Alternates executed definitive agreements to acquire 1,69,018 compulsorily convertible preference shares of IL JIN Electronics for a consideration of ₹110 crore. Headquartered in Pune and incorporated in 2001, IL JIN is engaged in the manufacturing and assembly of printed circuit boards (PCBs) and printed circuit board assemblies (PCBAs). The company reported revenue of ₹1,460.01 crore in FY25 compared with ₹913.36 crore in FY24.
A day earlier, on September 24, 2025, MO Alternates announced the acquisition of 10,95,890 compulsorily convertible preference shares and 16,43,836 equity shares of Kusumgar Limited for ₹100 crore. Established in 1990 and based in Mumbai, Kusumgar Limited manufactures woven, coated, and laminated synthetic engineered fabrics, catering to global high-performance textile requirements. The company posted a turnover of ₹779 crore in FY25 compared with ₹467.91 crore in FY24.
Both investments were made on an arm’s-length basis and do not involve related party transactions. The acquisitions, completed in cash, are part of MOFSL’s treasury investment portfolio aimed at generating long-term sustainable returns.