Ace Designers Announces Strategic Investment Partnership with Kotak Alts!

Ace Designers Limited (ADL), a leading player in the Indian manufacturing sector, has entered into a strategic investment partnership with Kotak Alternate Asset Managers Limited (Kotak Alts). This funding partnership aims to support Ace Designers’ expansion plans, enhance its manufacturing capabilities, and bolster its global presence. With this collaboration, ADL is set to accelerate its journey toward becoming a dominant global player in the CNC turning centers and machining centers market.

Founded in 1979 by three engineers from the Central Manufacturing Technology Institute (CMTI), Ace Designers has evolved from a design consulting company to the largest manufacturer of CNC turning centers and machining centers in India. Through the amalgamation of Ace Designers, Ace Manufacturing Systems, and Micromatic Machine Tools, the company formed the AceMicromatic Group, which has played a key role in the growth of India’s machine tool industry.

ADL is expected to achieve an annual turnover exceeding ₹2,400 Cr in FY24-25, and the company currently manufactures 8,000 turning centers and 3,400 machining centers annually. Ace Designers has established a strong market presence not only in India, but also across Asia, Australia, the Middle East, North and South America, and Europe. With over 25 years of leadership in the CNC Turning & CNC Machining Centers market, ADL continues to be at the forefront of innovation in the machine tool industry.

The collaboration with Kotak Alts is a game-changer for Ace Designers, providing the company with the resources to invest in technology, capacity enhancement, and talent development. SG Shirgurkar, the Promoter of ADL, expressed his enthusiasm about the partnership, emphasizing its potential to accelerate Ace Designers’ progress toward becoming a significant global player. He highlighted the importance of advanced manufacturing and skill development in the company’s vision for the future. “This pivotal partnership with Kotak Alts will be a powerful catalyst, strengthening our commitment to global leadership,” he said.

TK Ramesh, the Managing Director of ADL, shared his excitement about the strategic partnership, emphasizing Ace Designers’ ambition to become a global machine tool company. Ramesh reiterated the company’s belief in the importance of flexible and competitive manufacturing in filling technology gaps, aiming to cater to both high technology markets and standard volume markets.

Eshwar Karra, Managing Partner at Kotak Alts, expressed confidence in the Indian manufacturing sector, noting the critical role that CNC machines play in the overall manufacturing ecosystem. He stated, “We are bullish on the Indian manufacturing theme, and Ace Designers has been a key contributor to building India’s manufacturing landscape for the past four decades. We are excited to be part of their growth story.”

Rahul Chhaparwal, Partner at Kotak Alts, shared his optimism about the future of Ace Designers, particularly in light of the company’s upcoming growth milestones. “Ace Designers is on the verge of substantial growth, and our investment is in-line with our philosophy of partnering with innovative, customer-centric businesses with strong management teams,” he said.

This strategic partnership with Kotak Alts marks a significant milestone in Ace Designers’ growth trajectory, positioning the company for future success in global markets. With investments in cutting-edge technologies, increased manufacturing capacity, and a focus on innovation and customer satisfaction, Ace Designers is well on its way to achieving its vision of becoming a leading global player in the machine tool industry.

The collaboration underscores the shared commitment between Ace Designers and Kotak Alts to contribute to India’s manufacturing ecosystem, enhance technological advancements, and foster sustainable growth in the global market.