5 Acquisitions of Companies in Pune

January 15, 2023
Acquisitions Hub

M&A activity has seen a steady increase across the globe over the past decade, especially in Pune. Startups and technology companies have become very popular with private equity firms, strategic buyers and even family offices.

In this blog post, we are taking a closer look at 5 acquisitions that took place in Pune .

Darshana Industries acquired by Southco

Details about the transaction:

Acquisition amount:

$50,000,000

Announcement:

27 May 2022

Details about the company:

Darshana Industries produces mechanical parts such support arm systems, hinges, and handles for access hardware.

Headquarter:

Pune, Maharashtra, India

Where to find them:

Industry:

Hardware, Machinery Manufacturing, Manufacturing

Details about the buyer:

Southco is a maker of specialist pipes for Pennsylvania's expanding oil sector.

Headquarter:

Concordville, Pennsylvania, United States

Where to find them:

Froot Research acquired by Aarav Solutions

Details about the transaction:

Acquisition amount:

$4,000,000

Announcement:

30 September 2022

Details about the company:

Business intelligence is provided by the information technology company Froot Research.

Headquarter:

Pune, Maharashtra, India

Where to find them:

Industry:

Artificial Intelligence, Business Intelligence, Information Technology, Machine Learning

Details about the buyer:

IT consulting, technology, and digital transformation services are offered by Aarav Solutions.

Headquarter:

Iselin, New Jersey, United States

Where to find them:

CIPY Polyurethanes Pvt. Ltd. acquired by Pidilite Industries Limited

Details about the transaction:

Acquisition amount:

$15,200,000

Announcement:

5 January 2018

Details about the company:

Pvt. CIPY Polyurethanes Ltd. manufactures floor coatings.

Headquarter:

Pune, Maharashtra, India

Where to find them:

Industry:

Chemical, Manufacturing

Details about the buyer:

Consumer and specialty chemicals are offered by Pidilite Industries Limited.

Headquarter:

Mumbai, Maharashtra, India

Where to find them:

CloudCodes acquired by Plurilock

Details about the transaction:

Acquisition amount:

$1,700,000

Announcement:

21 October 2021

Details about the company:

The Cloud Access Security Broker (CASB) solution is offered by CloudCodes.

Headquarter:

Pune, Maharashtra, India

Where to find them:

Industry:

Cyber Security, Enterprise Software, Information Services, Information Technology, Security, Software

Details about the buyer:

Using behavioral-biometric and machine learning technologies, Plurilock offers invisible MFA and continuous authentication.

Headquarter:

Victoria, British Columbia, Canada

Where to find them:

Shoptimize India acquired by Graas

Details about the transaction:

Acquisition amount:

$25,202,236

Announcement:

17 August 2022

Details about the company:

An AI platform called Shoptimize provides an e-commerce platform for developing economies.

Headquarter:

Pune, Maharashtra, India

Where to find them:

Industry:

Commercial, E-Commerce, Information Services, Information Technology, Software

Details about the buyer:

The company Graas offers e-commerce solutions.

Headquarter:

Singapore, Central Region, Singapore

Where to find them: