In 2016, we invested in Maini, an end-to-end solutions provider of precision products and assemblies across automotive and aerospace sectors

Investment Thesis 

• • Precision components maker catering to Automotive & Aerospace clients – OEMs and Tier 1s

  • High margin Aerospace business had high barriers to entry and required 3-4 years for qualification.

  • High visibility of revenues in the medium to long-term from the customers

  • Focus on high quality execution which helps in building long-term relationships and repeat business

  • Diversified customer and product platform base

Paragon Value Addition:  

• • Supported building a pro-active and nimble Business Development function

  • Invested in building a dedicated manufacturing facility focused on the attractive Aerospace business

  • Initiated processes to track returns on new capex and part-wise margins through the entire lifecycle of the part

  • Assisted in hiring key personnel and supported the development and implementation of a MIS

Business Outcomes:

Maini’s orders increased by 26% with the business adding several new marquee customers such as Cummins, Delphi, and Pratt & Whitney. Revenue increased significantly over our hold period with the aerospace facility becoming a high margin, high ROCE business