News
Dhoot Transmission Group Secures Strategic Growth Investment from Bain Capital for Significant Minority Stake Sale
Partnership empowers Dhoot Transmission Group to drive continued innovation, expand global reach, and capitalize on high-growth segments.
MUMBAI – January 15, 2025 – Dhoot Transmission Group (“Dhoot”), a leading manufacturer of automotive components, today announced a strategic growth investment from Bain Capital, a global private investment firm. Bain Capital will leverage its global automotive expertise and value-creation capabilities to support the company’s continued growth. Together, they aim to accelerate Dhoot Transmission Group’s leadership in high-demand segments, foster innovation, and support global expansion through strategic acquisitions and partnerships.
Founded in 1999, Dhoot Transmission Group has become a global leader in Two-Wheeler and Three-Wheeler Wiring Harness. The company’s advanced Wiring Harnesses also power Heavy and Light Commercial Vehicles, Off-road Vehicles, and Farm Equipment in ICE and EV segments across the globe. Over the past 25 years, Dhoot Transmission Group has diversified into Electronics Sensors & Controllers, Automotive Switches, Connection Systems, and a range of EV products. These include Charging Guns, Inlets, Off-Board Chargers, RCDs, High Voltage & Low Voltage Wiring Harness, and the assembly of Li-Ion Batteries. This growth has been fueled by a strong focus on innovation, a customer-centric approach, strategic acquisitions, and technology partnerships. With over 10,000 employees across 20 manufacturing facilities worldwide, including India, the UK, Slovakia, and Thailand, Dhoot Transmission Group continues to expand its global footprint.
“Our journey over the past two decades has been defined by a commitment to innovation, quality, and trust,” said Rahul Dhoot, Founder and CEO of Dhoot Transmission Group. Partnering with Bain Capital is an exciting opportunity to accelerate this evolution. Their strategic expertise and integrity make them the perfect partner to help us scale globally and pursue emerging opportunities that deliver value to our customers worldwide.”
“Over the past two decades, Rahul has built Dhoot Transmission Group into a market leader, serving as a critical partner to OEMs powering India’s Two-wheeler market—the largest in the world with a strong growth trajectory. Dhoot’s entrepreneurial culture, customer focus, and investments in cutting-edge technology have positioned the company at the forefront of several high-growth segments. We are excited to partner with Rahul and the Dhoot Transmission Group team to build on their impressive growth journey and help drive expansion through M&A and technology partnerships,” said Rishi Mandawat, Partner at Bain Capital. “Their customer-first approach and strong employee engagement have helped the group build a leading auto-component business. Together, we see significant opportunities to expand both organically and inorganically, accelerate exports, and enhance their global footprint,” added Saahil Bhatia, Managing Director at Bain Capital. Bain Capital’s investment was made through its Private Equity team, which has deep experience supporting the growth of founder-led companies and global industrial platforms.
Terms of the private transaction, which is subject to regulatory approval, were not disclosed.
Singhi Advisors, Trilegal, and Deloitte served as advisors to Dhoot Transmission Group.
About Bain Capital
Founded in 1984, Bain Capital is a global private investment firm and one of the world’s leaders in this space. The firm is focused on creating a lasting impact for its investors, teams, businesses, and the communities in which it operates. Bain Capital’s platform spans five focus areas: Private Equity, Growth & Venture, Capital Solutions, Credit & Capital Markets, and Real Assets. With deep sector expertise and wide-ranging capabilities, the firm operates from 24 offices across four continents and manages approximately $185 billion in assets.
About Dhoot Transmission Group
Dhoot Transmission Group is a distinguished group of companies under the ownership of Rahul Dhoot and family. As a rapidly expanding global automotive components enterprise, Dhoot Transmission Group excels in a broad spectrum of business pursuits, extending from the design to manufacturing of Wiring Harnesses and Components (including several EV Components) tailored for Two-wheelers, Three-wheelers, Commercial Vehicles, Off-road Vehicles, and Farm Equipment.
“ENHANCING THE CE SUPPLY CHAIN”
CII KARNATAKA: ENHANCING CE SUPPLY CHAIN CONCLAVE 2020
(Focused on CONSTRUCTION EQUIPMENT MANUFACTURERS)
“Supporting Indian Suppliers, focusing on strengthening bonds”
17 December 2020 1400 Hrs – 1730 Hrs : Webex Platform ( Online )
Join India’s biggest event on Supply Chain focused on Construction Enquipment OEMs
Sponsored by Dhoot Transmission as a Gold Partner !
MUSIC EVENT
Jan 2020, Violin Academy and Dhoot Transmission sponsored Indian Music Festival at Aurangabad. ‘Hazir’ is a delightful collection of ghazals, composed with a perfect blend of soulful, contemporary and traditional music, enveloped around a stirring poetry! This exclusive concert with 2 Legends – famous Ghazal maestro HARIHARAN and Tabla star Ustad ZAKIR HUSSAIN came together for the people of Aurangabad and organized Ghazal and Light Music Concert HAZIR. Hazir was an entertainment program organised for the society where the ghazal album sung by Hariharan with Tabla rendition by Zakir Hussain. They have mesmerized hundreds of audiences from across the city with their enchanting music.
MARATHON EVENT
Health is wealth and hence we have to stay healthy and keep ourselves fit. With this objective, every year, Dhoot Transmission is one of the main sponsorer for Marathon organized by Lokmat Newspaper at Aurangabad where in thousands of participants run in the race with a strong belief that staying healthy is an important part of everyone’s life. A large number of participation in the event is also witnessed by the employees of Dhoot Transmission for whom company sponsors this event.