Cattini Group, an Italian multinational corporation, has aligned with Prime Minister Shri Narendra Modi’s ‘Make in India’ initiative, making a substantial investment in the establishment of an advanced manufacturing unit in Pune’s Sanaswadi area.Â
The newly inaugurated facility, with a multimillion-dollar investment, is dedicated to the production of various machinery components, including gears, shafts, and synchronizers, and will operate under the banner of Cattini Power Transmission Pvt. Ltd.
During the inaugural ceremony, Lorenzo Cattini, Chairman of Cattini Group, expressed that the venture was anticipated to bring economic stability to the region. In its initial phase, the company aimed for a turnover of Rs 45 crores, with a projected Phase 2 turnover of Rs 250 crores within three years. Looking ahead, Cattini India envisioned achieving a substantial turnover of Rs 650 to 700 crores within five to seven years.
Massimiliano Bennici, Director of Cattini Group, emphasised the strategic importance of this investment, marking Cattini’s entry into the Indian market and signifying a crucial step in their growth strategy to expand across the Asia-Pacific region. The new facility not only promises employment opportunities but also positions Pune as a significant manufacturing hub.
Thomas Mathew, Director at Alcor Cross Border M&A Pvt. Ltd., underscored Alcor’s pivotal role in structuring, planning, and executing the transaction, as well as in establishing Cattini’s manufacturing facility in the Indian market. Alcor’s M&A expertise and strategic advisory role are poised to contribute to the remarkable success of Cattini’s debut in the Asian market.
Lorenzo Cattini expressed pride in the team’s collective efforts and extended gratitude to Alcor for transforming his vision into reality. He applauded their relentless work in adapting Cattini’s advanced gear manufacturing model for the Indian market, emphasising that this investment not only signifies growth for Cattini but also adds to Pune’s industrial landscape.
