1 month ago
JM Frictech India targets 20% revenue growth in FY27
JM Frictech India is a company that makes parts for tractors and other big vehicles.
They want to make 20% more money next year.
They sell parts to big companies like Mahindra and John Deere.
They make a lot of brake parts and are the biggest maker of a special kind of brake in India.
They are building a new factory in Chandigarh to make more parts.
Most of their money comes from selling to tractor companies.
JM Frictech India aims for 20% revenue growth in FY27.
Major customers include TAFE, John Deere, and Mahindra.
Company holds 75% market share in wet brake assemblies.
New ₹35 crore plant to be inaugurated in Chandigarh by March 2027.
Agricultural machinery contributes 75% of the company’s revenue.
- Who
- JM Frictech India (JMI)
- What
- Targeting 20% revenue growth in FY27
- Where
- Chennai and Chandigarh
- When
- FY27
- Why
- Driven by sustained growth in the tractor industry
Growth Strategy
Market Leadership
Revenue Growth
Growth Strategy
The company aims to achieve a 20% increase in revenue in FY27, driven by the tractor industry.
Market Leadership
The company's market leadership in wet brake assemblies and high production volume of friction discs supports this growth.
Key facts
- Founded
- 2008
- Revenue FY26
- ₹520 crore
- Target Revenue Growth FY27
- 20%
- Major Customers
- TAFE, John Deere, AGCO, Mahindra, Swaraj, CNH Industrial, Caterpillar, JCB, Escorts Kubota, Sonalika, VECV, Tata Motors
- Market Share
- 75% in wet brake assemblies
- Annual Production
- 12 million friction discs
- New Plant Location
- Chandigarh
- New Plant Investment
- ₹35 crore
Quotes
E Madhavan
Managing Director of JM Frictech India
“We have benefited from the industry’s transition from dry to wet friction technologies and today command over 75 per cent market share, making us India’s largest producer of wet brake assemblies.”
thehindubusinessline.com
“The tractor industry has been growing steadily and will be a key driver of our growth.”
thehindubusinessline.com
Sources
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