According to the IFC, Napino Auto and Electronics Limited is a leading manufacturer of electrical and electronic components for the 2-wheeler automobile industry in India. Its key product profile includes electronic control units, regulator rectifiers, electronic fuel injection systems, instrument clusters, electronic mobility components including converters, chargers, battery management systems and others. It has a 30+ year track record of supplying to leading OEMs in India with R&D-driven proprietary solutions. The proposed project will:
(i) part finance a capex plan, primarily for expanding existing capacity in plants (brownfield expansion);
(ii) finance setup of a greenfield plant in Hosur-Krishnagiri, Tamil Nadu in India;
(iii) finance the capex for setting up the motor manufacturing plant at Halol, Gujarat in India; and
(iv) strengthen company’s balance sheet by repaying debt taken to finance purchase of shares from a minority investor.
As stated by Bloomberg, Napino Auto and Electronics Limited manufactures motor vehicle parts and accessories. The Company offers automotive electronics, electronic fuel management system, instrument cluster, mechatronics, and transmission systems. Napino Auto and Electronics serves customers in India.
Napino is promoted by Vipin Raheja and family who own 100% of the Company currently.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Napino Auto and Electronics Limited||Client||Industry and Trade|
General IFC Inquiries - IFC Communications:
Address: 2121 Pennsylvania Avenue, NW, Washington DC 20433
Telephone: +1 202-473-3800
Fax: +1 202-974-4384
Client - Napino Auto and Electronics Limited:
ACCESS TO INFORMATION
You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries
If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.
ACCOUNTABILITY MECHANISM OF IFC/MIGA
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org