# Gainwell Group acquires TIL Limited, plans Rs 1,000 crore investment

Gainwell Group acquired TIL Limited (formerly Tractors India) and infused Rs 120 crore, including Rs 70 crore for a preferential equity issue. Gainwell plans to invest Rs 1,000 crore over three years to become a $1 billion company by 2028.

- Type: Acquisition
- Announced: 2024-01-24
- Where: Kolkata, India
- Value: $14.4M (1.20B INR)
- Status: completed
- Products: mobile cranes, crawler cranes, reach stackers, container handlers, defence equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Mining Equipment](https://endata.com/sectors/mining-equipment.md), [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [TIL Limited](https://endata.com/companies/14221.md) (target)
- [Gainwell Group](https://endata.com/companies/75226.md) (acquirer)

## Sources

- [economictimes.indiatimes.com](https://economictimes.indiatimes.com/industry/indl-goods/svs/engineering/gainwell-commosales-to-acquire-til-ltd-invest-rs-1000-crore-for-expansion/articleshow/107118104.cms), 2024-01-24: "Gainwell, the Kolkata-headquartered capital goods manufacturer with presence in the mining, construction, energy, defence, railways, and heavy equipment sectors, on Wednesday acquired TIL Ltd."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.