Kheria Autocomp Ltd
Kheria Autocomp is an auto ancillary company specializing in plastic injection molding for automotive components. It operates as a Tier-II supplier to Tier-I vendors serving OEMs in passenger vehicles, including both internal combustion and electric vehicles.
Overview
About the Company
Kheria Autocomp Limited was incorporated in 2009 and operates as an auto ancillary enterprise focused on plastic injection molding. The company manufactures and sub-assembles plastic components primarily for the automotive sector, functioning as a Tier-II supplier that produces moldings according to specifications for Tier-I vendors who serve original equipment manufacturers. Its product range addresses both conventional and electric vehicle applications including interior cabin trims, exterior plastic parts, under-hood components, and HVAC ducts. The company maintains a manufacturing facility spanning approximately 3 acres within the Tata Vendor Park at Sanand, Gujarat, equipped with 30 injection molding machines ranging from 120 to 1,700 tons capacity. Environmental sustainability initiatives include a 636 kW solar power installation and four groundwater recharge wells at the facility.
Company Details
📋 Objects of Issue (Use of Proceeds)
- › Partial funding of capital expenditure requirements for establishing a new manufacturing facility for plastic molded auto components at GIDC Sanand Industrial Park
- › General corporate purposes
✅ Strengths
- ✓ Strong manufacturing infrastructure featuring 30 injection molding machines with automated robotics capabilities
- ✓ Established supply relationships with Tier-I automotive vendors serving major OEM production cycles
- ✓ Dual capability to manufacture components for both internal combustion engine and electric vehicle platforms
- ✓ Strategic facility location within the Sanand automotive manufacturing cluster
- ✓ Demonstrated consistent revenue growth trajectory across the preceding three financial years
⚠️ Risks
- ! Significant revenue concentration risk with top ten customers accounting for nearly all sales
- ! Geographic concentration vulnerability with over 99% of revenue generated from customers based in Gujarat
- ! Dependence on fluctuating OEM production volumes and Tier-I vendor demand cycles
- ! Operational risk from reliance on a single leased manufacturing facility located in Sanand
- ! Supply chain constraint requiring procurement of critical plastic resin materials exclusively from customer-approved suppliers