Mumbai, Apr 28: Dhoot Transmission Limited (“Dhoot”), a Bain Capital–backed company and one of India’s leading electrical and electronics company, today announced the acquisition (through its affiliate), of MULTILINK, a leading manufacturer of electronics and electrical products for two-wheeler and three-wheeler Original Equipment Manufacturers (“OEMs”) in India.
MULTILINK is a supplier to several OEMs, with a diversified product portfolio that includes chargers, sensors, relays and switches. The Bengaluru-headquartered entity operates three manufacturing facilities across Hosur, Mysore and Manesar.
This transaction marks another strategic bolt-on acquisition for Dhoot, reinforcing its position as a scaled, integrated solutions provider to the automotive ecosystem.
The acquisition is aligned with Dhoot’s strategy to capitalize on accelerating trends towards increasing electrification, premiumization and electronic content in vehicles, supported by rising EV adoption. The combination will further strengthen Dhoot’s capabilities across key electronic and electrical product categories for 2W and 3W OEMs. Additionally, the combined platform will enable cross-selling opportunities across a broader customer base, further accelerating growth.
Rahul Dhoot, Managing Director, Dhoot Transmission Limited, said: “MULTILINK is a strategic fit for Dhoot, given the complementary product portfolio and longstanding customer relationships. This acquisition strengthens our position in the fast-evolving 2W and 3W segments, where electrification and increasing electronic content are driving structural growth. We are excited to welcome the MULTILINK team to the Dhoot family and look forward to building on our combined strengths.”Saahil Bhatia, Partner, Bain Capital, said: “We have been focused on supporting Dhoot’s evolution into a scaled and future-ready platform in the automotive components space. This acquisition is a continuation of that strategy to strengthen Dhoot’s electronics capabilities and deepening presence in high-growth segments. The integration is expected to unlock significant synergies through enhanced procurement efficiencies, manufacturing capabilities, and supply chain optimization”H.G. Vasuki, Promoter, MULTILINK, said: “Partnering with Dhoot marks an important milestone in MULTILINK’s journey. Dhoot’s scale, customer relationships and manufacturing capabilities, along with Bain Capital’s strategic support, provide a strong platform for the next phase of growth.”
Earlier this year, Dhoot announced a merger between one of the company’s subsidiaries and FourFront, a Tier-1 supplier of customized electro-mechanical and electronic solutions to OEMs, in a strategic move to bolster its electrical and electronics capabilities.
PwC acted as financial advisors and Trilegal acted as legal advisors to Dhoot. Spice Route Legal acted as legal advisors and Aeka Advisors acted as financial advisor to MULTILINK.
