Italy's Bonfiglioli Transmissions plans $250 million IPO in Mumbai

Business Jul 21, 2025

Bonfiglioli Transmissions, the Indian branch of Italy's Bonfiglioli Group, is planning to go public in Mumbai and could raise around $250 million.
The company makes gearboxes and gearmotors for things like mobile machinery and wind turbines.
They've brought on big names like Axis Capital, ICICI Securities, JPMorgan Chase, and BNP Paribas to help with the listing.

Bonfiglioli joins list of foreign firms eyeing Indian markets

This move follows a wave of global companies turning to India's booming stock market—recently Hyundai raised $3.3 billion here, and Italy's Carraro SpA pulled in $147 million.
With India's strong economy and investor-friendly vibe, it's becoming a top spot for international firms looking to grow.
Bonfiglioli jumping in just adds to that momentum.