Gurugram : Padmini VNA Group (“PVNA”), a pioneer in automotive innovation and sustainable mobility solutions, today announced a strategic growth investment from Norwest. The investment marks a significant milestone in the Group’s journey as an R&D driven enterprise focused on clean, connected and future-ready urban mobility solutions.
Founded in 1991, the promoter-driven PVNA Group has a strong track record of innovation, intellectual property creation, and manufacturing excellence. The Group holds over 100 patents and is supported by a team of more than 200 R&D professionals focused on developing next generation connected mobility technologies.
Over the past 30 years, PVNA has developed a diverse product portfolio of Emission Control Solutions, Sensors, Braking Applications, Thermal Management, Actuators, Seat Solutions, Motors, Solenoid Valves, and Advanced E-Drive Technologies. With cutting-edge research, testing and manufacturing facilities and a strong focus on quality, the Group is a supplier of choice to global and Indian Original Equipment Manufacturers across the Two-Wheeler, Passenger Vehicle, Commercial Vehicle and Construction Equipment/Off-Road segments.
Together, PVNA and Norwest aim to accelerate innovation in clean and connected mobility solutions, strengthen the Group’s leadership in high-growth segments, and support its long-term transformation through global market expansion.
Kabir Bhandari, Managing Director and Chairman, PVNA, said: “For over 30 years, we have built this group on a singular belief that world-class mobility innovation can be conceived, engineered and scaled from India. With more than 100 patents and a strong in-house R&D culture driven by over 200 R&D professionals, we have consistently focused on building differentiated, future-ready solutions for evolving urban transit and mobility needs. Partnering with Norwest is a strong validation of this journey and our ambition to build a truly global, innovation-led Indian mobility enterprise.”
Viveka Bhandari, Chief Operating Officer, PVNA, said: “This partnership marks a defining moment in PVNA’s evolution. With this minority investment, we enter our next phase of growth, focused on scaling the Group through organic expansion and strategic acquisitions, deepening relationships with marquee Indian and global customers, and strengthening our presence across high-growth clean, connected, and urban mobility segments. We are building a modern, technology-first organization with strong governance, deep talent, and global aspirations.”
Niren Shah, Managing Director and Head of Norwest India, said: “We are delighted to partner with Kabir and Viveka, who have built Padmini as a highly differentiated, IP-driven auto-component platform, anchored in a strong culture of R&D and innovation. Under their leadership, Padmini has navigated multiple market cycles, driven by unparalleled technical know-how, strong customer relationships and world-class operating standards and processes. With its highly differentiated mechatronics portfolio across powertrains, vehicle segments, and OEMs, we believe Padmini is well positioned to benefit from India’s ongoing transition to EV and connected technologies.”
Ankit Prasad, Principal, Norwest India, said: “Padmini’s commitment to innovation, engineering excellence and lean manufacturing has enabled multi-decadal, strong, and consistent growth with industry-leading profitability and capital efficiency. Its customer-first, solution-led approach has helped build deep, long-standing relationships with marquee automotive OEMs across segments and geographies. We are delighted to partner with Padmini as it enters its next phase of growth and capitalizes on the automotive industry’s transition toward sustainable technologies.”
