1. HL Mando Anand stake - Board approved buying 28.99% of HL Mando Anand (FY26 revenue \~₹5,886 cr, PAT ₹358 cr) for ₹2,231 cr, paid via preferential shares plus ₹350 cr cash, closing pending shareholder and regulatory nods. This nearly triples Gabriel's revenue base at one stroke and adds braking and steering - two product lines it does not have today.
2. HL Klemove ADAS stake - Board approved buying 30% minus one share of HL Klemove India (FY26 revenue ₹1,048 cr, PAT ₹123 cr) for USD 98.44 million, first tranche by 15 Sep 2026, funded from internal accruals. ADAS content per vehicle runs ₹20,000-70,000 versus a few thousand for dampers, and Mahindra and Tata business is already secured.
3. Project Rise consolidation - The Anchemco merger and demerger became operative 22 May 2026, bringing Dana Anand (25.1%), Henkel Anand (49%), Anand CY Myutec (76.1%) and the fluids business into Gabriel. Consolidated FY26 EPS rose from 17.55 to 24.29 on restatement, and management guides \~41% EPS accretion for FY25.
4. Group consolidation platform - Management positions Gabriel as ANAND Group's primary growth vehicle, targeting ₹50,000 cr group revenue by 2030; post-Jupiter Gabriel will account for \~70% of group revenues, leaving \~30% for future consolidation. Each additional group entity brought in adds revenue and product lines without new greenfield capex.
5. SK Enmove lubricants JV - JV with SK On (51:49) formally executed 15 Oct 2025, equity allotted 27 Feb 2026, operations started in Q4 FY26 with two OEM wins - Mahindra via American Axle and Mobis EV battery fluid. Business plan targets ₹500 cr revenue in 5-6 years, with commercialization in FY27 and significant numbers from FY28.
6. IGSS sunroof capacity - Second Chennai line doubled capacity to 4,00,000 units annually, now being converted to a hybrid line handling both BLT and TVS architectures, targeting 60-70% utilisation. A Hyundai win for 3 model variants adds \~₹120 cr annual turnover with SOP by Dec 2027, and management targets ₹1,000 cr revenue by 2030.
7. MMAS Chakan 2 acquisition - Acquired Marelli Motherson suspension assets for ₹60 cr (fair value ₹578 cr), adding 0.32 cr shock absorbers and 0.1 cr gas springs annual capacity, with gas springs a new product line. Plant crossed EBITDA positive, supplies Tata Harrier, Safari, Nexon, and targets positive PBT by end of year.
8. 2-wheeler new wins - Entered Hero MotoCorp with first SOP in Q2 FY27, plus inverted front fork wins with Yamaha, Suzuki, TVS, Bajaj and Kawasaki; two more lines cleared for capacity. New OEMs and premium fork content expand the addressable base beyond the traditional commuter segment.
9. Solar dampers and e-bikes - Solar damper SOP commenced for a domestic customer, with three business wins across domestic and export geographies and samples under validation in North America and Europe. First European e-bike development order secured for upside-down front forks, with SOP around Q3 FY27.
10. Exports push - Management targets 10% of revenue from exports, currently 3% (Q1 FY27 ₹36 cr), with solar dampers and e-bikes as the primary growth vehicles and optimism following the U.S. tariff announcement aiding traction. Aftermarket exports grew 16% YoY in FY26 with four new geographies added.