i. Uniparts India is a global manufacturer of engineered systems and solutions and 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 on account of our presence across over 25 countries.

ii. Uniparts India is a concept-to-supply player for precision products for off-highway vehicles (“OHVs”) with a presence across the value chain. The 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 thereof. They have a leading presence in the manufacture of 3PL and PMP products globally on account of us serving some of the largest global companies.

iii. Most of the products are structural and load-bearing parts of the equipment and are subject to strict tolerances, specifications, and process controls. A series of precision engineering process steps converge into the manufacturing of these products.

iv. The company has an estimated 14.45% market share* of the global 3PL market in Fiscal 2021 in terms of value and an estimated 5.87% market share** in the global PMP market in the CFM sector in Fiscal 2021 in terms of value. They also cater to the aftermarket segment, especially for the 3PL product range. They provide replacements of 3PL parts to organized aftermarket retailers and distributors in North America, Europe, South Africa, and Australia.

A brief description of the core products company manufacture is set out below:

3PL: The 3-PL systems consist of different assemblies that are attached to an agricultural tractor. It forms a group of assemblies allowing attaching an implement like a plough to the tractor at 3 coupling points. (Source: CRISIL Report) The systems are engineered customised to each tractor model and region in which the tractor is used as the specifications vary from region to region. These systems are subject to validation and have to comply with international standards.

PMP: PMP is a group of products that are components requiring stringent material and manufacturing specifications and controls. These include among others, precision machined components such as pins, bushes and bosses used in articulated joints. (Source: CRISIL Report) These are structural and load bearing parts of the equipment and are subject to strict tolerances, specifications and process controls. The product varies in design and technical specification between different applications. The number of SKUs are high and varied in this product category.

Competitive Strengths

i. Leading market presence in global off-highway vehicle systems and components segment.
ii. Engineering driven, vertically integrated precision solutions provider.
iii. Global business model optimizing cost-competitiveness and customer supply chain risks