Shivaliks Mercantile Private Limited

Overview

Shivaliks Mercantile Private Limited is a joint venture between Sidwal Refrigeration Industries Private Limited, a wholly owned subsidiary of Amber Enterprises India Limited, and Titagarh Rail Systems Limited. The venture was established to manufacture critical railway components and subsystems for the rolling stock industry in India and overseas. The primary objective is to expand their business into global markets and enhance capabilities in the railway sector. In February 2024, Sidwal Refrigeration Industries Private Limited invested INR 100 crore in Shivaliks Mercantile, marking a significant commitment to the venture. This investment was made in two tranches, reflecting the strategic importance of the joint venture. The funds are intended to support the development and manufacturing of advanced railway components and subsystems, catering to both domestic and international markets. The joint venture also aims to invest in international entities to bolster its technological capabilities. Notably, in February 2024, Shivaliks Mercantile acquired a 34.59% stake in Titagarh Firema SpA, an Italian company specializing in rolling stock. This acquisition is part of the strategy to grow capabilities and capacities for various products in India and globally, aligning with the venture's goal of becoming a significant player in the global railway component market.

Investment Focus

Focus on railway components and subsystems
Manufacturing capabilities
Global market expansion potential

Portfolio Companies

Titagarh Firema SpA

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Frequently asked questions about Shivaliks Mercantile Private Limited

What sectors does Shivaliks Mercantile Private Limited invest in?

Shivaliks Mercantile Private Limited invests in Manufacturing, Railway Components and Rolling Stock, and is based in Haryana, India. Shivaliks Mercantile Private Limited is listed as a other in the ConnectSafely investor database.