0 months ago
Patil Automation Increases Stake in Mii Robotics to 70%
There is a company called Patil Automation that makes robots and machines for factories.
It builds machines that help make cars and other important products.
Patil Automation already owned most of a smaller company called Mii Robotics.
Now it has decided to buy even more, so it will own 70 out of every 100 parts of Mii Robotics.
Mii Robotics makes machines used for defence, which means things that help keep a country safe.
Its machines help make shells, bullets and other military items.
The two companies plan to work more closely together.
This should help them build better machines and grow their business.
People expect the deal to be finished in about 30 days.
Patil Automation Limited's board approved the acquisition of an additional 10% stake in Mii Robotics, increasing its shareholding from 60% to 70%.
The transaction is expected to be completed within 30 days, subject to customary closing formalities.
Mii Robotics, founded in 2017 and based in Pune, specialises in automation solutions for the defence and aerospace sectors.
Mii Robotics has executed projects including artillery shell handling manufacturing lines, shell nub welding lines, ultrasonic testing lines, and bullet manufacturing lines.
Patil Automation reported FY26 total income of ₹172.79 crore, EBITDA of ₹30.65 crore, and net profit of ₹19.07 crore.
- Who
- Patil Automation Limited, led by Promoter and Managing Director Manoj Patil, and Mii Robotics Private Limited.
- What
- Patil Automation increased its stake in Mii Robotics from 60% to 70% by acquiring an additional 10% equity stake.
- Where
- Pune/Mumbai, Maharashtra, India, where both companies are headquartered.
- When
- Announced on August 10; the transaction is expected to be completed within 30 days.
- Why
- To strengthen Patil Automation's presence in the defence automation segment and enable deeper collaboration on specialised automation solutions.
Key facts
- Company
- Patil Automation Limited (NSE: PATILAUTOM)
- New stake in Mii Robotics
- 70% (additional 10%, up from 60%)
- Expected completion
- Within 30 days
- Mii Robotics founded
- 2017, Pune
- Patil Automation founded
- 2015, headquartered in Pune
- Manufacturing facilities
- 3 units at MIDC Chakan, Pune, covering ~2 lakh sq ft
- FY26 financials
- Total Income ₹172.79 crore; EBITDA ₹30.65 crore; Net Profit ₹19.07 crore
Quotes
Mr. Manoj Patil
Promoter and Managing Director of Patil Automation Limited
““The defence sector continues to present significant opportunities for advanced automation and precision manufacturing. Increasing our stake in Mii Robotics reflects our confidence in its technological capabilities and our long‑term commitment to strengthening our presence in this high‑potential segment. With greater integration, we aim to enhance our automation offerings, leverage operational synergies and create sustainable value for our customers and stakeholders.””
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