Kross IPO Details, Financials, Valuation & Peers

Kross Limited specializes in manufacturing and supplying trailer axle and suspension assemblies, along with a variety of high-performance, safety-critical parts that are forged and precision-machined. These products cater primarily to the medium and heavy commercial vehicles (M&HCV) and farm equipment segments. Recognized as a prominent manufacturer in India, Kross Limited has rapidly grown since commencing the production and sale of trailer axle and suspension assemblies in 2019. With over three decades of industry experience, the company has established itself as a specialist in producing safety-critical components, offering a diversified portfolio to a broad client base that includes large original equipment manufacturers (OEMs), tier-one suppliers, domestic dealers, and fabricators. Kross Limited operates out of five manufacturing facilities in Jamshedpur, Jharkhand, which are equipped with advanced machinery and processes.

Key Points:

• Product Portfolio:
  • Specializes in manufacturing trailer axle and suspension assemblies.
  • Produces a wide range of forged and precision-machined safety-critical parts for M&HCV and farm equipment, including axle shafts, anti-roll bars, suspension linkages, and PTO shafts.
• Manufacturing Capabilities:
  • Operates five manufacturing facilities in Jamshedpur, equipped with forging presses, high-pressure mould lines, precision machining equipment, and heat treatment furnaces.
  • Backward integration with in-house design, engineering, forging, casting, and machining capabilities.
  • Forward integration with a network of sales and service locations across India.
• Client Base:
  • Supplies to a diversified client base, including large OEMs, tier-one suppliers, domestic dealers, and fabricators.
  • Long-term relationships with leading OEMs such as Ashok Leyland Limited and Tata International DLT Private Limited.
  • Recent expansion into global markets, including exports to Leax Falun AB in Sweden.
• Growth and Expansion:
  • Significant growth since the commencement of trailer axle and suspension assembly production in 2019.
  • Ongoing capacity expansion to introduce new product lines and enhance existing offerings.