Incorpotated in 1994, Uniparts India Limited is a manufacturer of engineered systems and solutions. The company is one of the leading suppliers of systems and components for the off-highway market in the agriculture and construction, forestry and mining (""CFM"") and aftermarket sectors with the presence across over 25 countries.
The company's product portfolio includes core product verticals of 3-point linkage systems (""3PL"") and precision machined parts (""PMP"") as well as adjacent product verticals of power take-off (""PTO""), fabrications and hydraulic cylinders or components. Uniparts is a concept-to-supply player for precision products for off-highway vehicles (""OHVs"") with a presence across the value chain.In India, the company have five manufacturing facilities, two at Ludhiana, Punjab, one at Visakhapatnam, Andhra Pradesh, and two at Noida, Uttar Pradesh.
Uniparts also have a manufacturing, warehousing and distribution facility at Eldridge, Iowa, acquired under the acquisition in 2005 of Olsen Engineering LLC, now known as Uniparts Olsen Inc. (""UOI"") and a warehousing and distribution facility at Augusta, Georgia.
The company's global business model is based on
1. The sales in regions outside India (""International Sales"").
2. The sales from our dual shore manufacturing facilities in India and the United States, in their respective domestic markets (""Local Deliveries"").
3. Export sales from Indian locations directly to overseas customers (""Direct Exports"").
4. Sales from the warehousing facilities in their respective domestic markets (""Warehouse Sales"")
2. Objective of the Issue
The company will not receive any proceeds from the Offer and all such proceeds will go to the Selling Shareholders.