Coimbatore-based automotive tech and precision components company Pricol Limited said on Friday that its Board had approved the sale of the entire 38.51% shareholding of Pricol’s promoters in Pricol Autotech Limited to PE major Warburg Pincus.
Pricol had originally announced plans to demerge its Driver Information and Connected Vehicle Solutions (DICVS) business into Pricol Autotech Limited in June 2026.
Under the share purchase agreement, Warburg will acquire 4,69,34,833 equity shares aggregating to 38.51% of the paid-up equity share capital of Pricol Autotech, following its demerger and listing, for an aggregate consideration of up to Rs 1,663 Crore, Pricol said in an exchange filing.
Warburg Pincus will make a mandatory open offer to public shareholders and complete the acquisition of the promoter’s stake, making it Pricol Autotech’s largest shareholder. In line with SEBI regulations, the open offer will allow Warburg Pincus to acquire up to an additional 26% of Pricol Autotech’s share capital.
Pricol’s DICVS business reported approximately ₹2,400 crore in revenue in FY26, making up around 60 per cent of Pricol’s consolidated revenue. This includes driver information systems and automotive electronics, including instrument clusters, telematics, sensors, e-cockpit solutions, and related solutions. It serves two-wheelers, three-wheelers, four-wheelers, commercial vehicles and off-highway segments.
“The proposed demerger will give Pricol Autotech the focus and independence to realise its full potential. We believe Warburg Pincus, with its long and storied history both in India and globally, extensive resources, global connections and deep automotive sector expertise, is the right custodian to take the business forward into the next phase of its growth story,” Vikram Mohan, Chairman and Managing Director of Pricol Limited, said.
“We look forward to partnering with Pricol Autotech’s management and employees to support the Company’s long-term ambitions and expand its presence in India and internationally,” Anish Saraf, Managing Director, WarburgPincus, said.
Veda Corporate Advisors acted as exclusive financial advisors to the deal.
Published on November 14, 2026
