Archive · 19 Dec 2025
Craftsman Automation to Acquire Suprash Developers for ₹146 Crore
Craftsman Automation, a company that makes machines, is buying another company called Suprash Developers.
They are paying ₹146 crore for it.
This will help Craftsman Automation build a new factory in Tamil Nadu, India.
Suprash Developers owns a lot of land there, which will be used for the new factory.
Craftsman Automation also reported that they made a lot of money in the last three months.
Their shares went down a little bit on the stock market.
Craftsman Automation's wholly owned arm, DR Axion, to acquire 100% stake in Suprash Developers for ₹146 crore.
Suprash Developers and its subsidiary, Srikara Technologies, own 52.83 acres of land in Araneri, Tamil Nadu.
The acquisition aims to strengthen Craftsman Automation's manufacturing presence in the region.
Craftsman Automation reported a net profit of ₹90.86 crore on revenue of ₹2,002 crore for Q2.
Shares of Craftsman Automation ended 0.4% lower at ₹7,042.50 on the National Stock Exchange.
- Who
- Craftsman Automation Ltd and Suprash Developers Pvt. Ltd.
- What
- Acquisition of Suprash Developers for ₹146 crore
- When
- December 19, 2023
- Where
- Araneri, Tamil Nadu, India
- Why
- To set up a new manufacturing plant and expand manufacturing footprint
- Acquirer
- Craftsman Automation Ltd
- Acquired Company
- Suprash Developers Pvt. Ltd.
- Acquisition Cost
- ₹146 crore
- Location
- Araneri, Tamil Nadu
- Land Area
- 52.83 acres
- Subsidiary Acquired
- Srikara Technologies Pvt. Ltd.
- Craftsman's Q2 Net Profit
- ₹90.86 crore
- Craftsman's Q2 Revenue
- ₹2,002 crore
- Share Price Change
- 0.4% lower at ₹7,042.50