Gabriel India Limited has announced an investment of Rs 26.8 crore to acquire a 51 percent stake in Jinhap Automotive India Private Limited, forming a joint venture with South Korean company Jinos Co. Ltd. The decision was approved during the company’s board meeting held on July 9, 2025.
With this move, JAIPL will become a subsidiary of Gabriel India, while Jinos will hold the remaining 49 percent. The share subscription agreement will take effect from July 10, 2025, as per a regulatory filing.
The joint venture marks Gabriel India’s entry into the fasteners segment, aimed at strengthening its presence in the Indian automotive and industrial markets. JAIPL will be engaged in the design, development, manufacturing, import, export, assembly, marketing, sales and distribution of fasteners for various applications.
As part of the agreement, JAIPL will sign a technology license agreement with Jinhap Co. Ltd., an affiliate of Jinos. This will allow access to proprietary technology and expertise for manufacturing advanced fasteners.
Under the governance structure of the joint venture, both companies will have equal representation on the board. Gabriel India will appoint the chairperson, who will hold casting vote rights except on matters that require joint consent. Jinos will appoint the chief executive officer, and voting rights will be aligned with the shareholding ratio.
The agreement includes standard clauses like deadlock resolution, event of default, and specific reserved matters needing mutual approval.
JAIPL was incorporated on February 23, 2011, and has an authorised share capital of Rs 8.06 crore. It has reported no turnover in the last three financial years and had a net worth of Rs 8 crore as of March 31, 2025. Its FY 2024-25 financials are currently under audit.
The acquisition is expected to be completed by October 31, 2025, or a later date if agreed by all involved parties.
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