# Pitti Engineering to acquire Bagadia Chaitra Industries for Rs 125 crore

Pitti Engineering Limited agreed to acquire 100% of Bagadia Chaitra Industries Private Limited, a manufacturer of electrical laminations and aluminum die cast rotors, at an enterprise valuation of Rs 125 crore. The acquisition will strengthen PEL's presence in South India.

- Type: Acquisition
- Announced: 2024-03-11
- Where: Tumakuru, Karnataka, India
- Status: announced
- Capacity: 18,000 tonnes per annum
- Products: electrical laminations, aluminum die cast rotors
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Pitti Engineering](https://endata.com/companies/44228.md) (acquirer)
- [Bagadia Chaitra Industries Private Limited](https://endata.com/companies/76194.md) (target)

## Sources

- [timesofindia.indiatimes.com](https://timesofindia.indiatimes.com/business/india-business/pitti-engineering-to-buy-karnataka-based-bagadia-chaitra-industries-at-enterprise-valuation-of-rs-125-cr/articleshow/108404205.cms), 2024-03-11: "The acquisition of BCIPL is an important step in this direction as it is strategically relevant, provides enhanced operational strength and adds customer base."

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