Key Quantitative Figures
- International business contribution increased from 9% to 13% in FY26
- The subsidiary is wholly owned by Greaves Cotton Limited
Dates of Action
- Press release date: June 30, 2026
- Subsidiary incorporation date: Not specified in the disclosure
- BSE Code: 501455
- NSE Code: GREAVESCOT
Parties Involved
- Greaves Cotton Limited (Parent company)
- Greaves International Trading FZE (Wholly owned subsidiary)
- Dubai, United Arab Emirates (Location of subsidiary)
- Middle East and Africa regions (Target markets)
- GCC markets: UAE, Saudi Arabia, Qatar, Oman, Kuwait, Bahrain (Initial focus markets)
Purpose and Strategic Rationale
The establishment of Greaves International Trading FZE marks a key step in expanding Greaves Cotton's international business as part of the GREAVES.NEXT strategy. The subsidiary will serve as a regional hub for international trading and distribution to strengthen presence across Middle East and Africa. The UAE's strategic location will enable closer engagement with customers and partners in high-growth markets.
Business Operations Focus
The new subsidiary will focus on:
- Business development and market expansion
- Customer engagement
- Technical support
- Channel partnerships
- Aftermarket services
- Supply chain coordination
Product Portfolio
The subsidiary will provide regional access to Greaves Cotton's portfolio including:
- Diesel engines
- Gensets
- Powertrain solutions
Across Energy, Mobility and Industrial Solutions segments
Management Commentary
Parag Satpute, MD & Group CEO of Greaves Cotton Limited, stated: "International Business is a key growth driver for Greaves and a core pillar of our GREAVES.NEXT strategy. In line with our strategic roadmap, its contribution increased from 9% to 13% in FY26. The establishment of Greaves International Trading FZE marks a significant step in strengthening our presence across the Middle East and Africa. It enhances our ability to respond with agility to market needs, deepen customer engagement, and deliver reliable, future-ready solutions. This is a focused move towards expanding our global footprint and driving sustained, long-term growth."
Expansion Plans
GITFZE will initially focus on GCC markets (UAE, Saudi Arabia, Qatar, Oman, Kuwait, Bahrain) with plans to expand into Levant and Africa regions.
Company Background
Greaves Cotton Limited has a legacy of over 165 years and is a diversified engineering company delivering solutions across Energy Solutions, Mobility Solutions, and Industrial Solutions. The company is one of India's largest manufacturers of single-cylinder diesel engines and has products supporting defence and naval applications.
Subsidiary Information
The company has two investee companies:
- Greaves Electric Mobility Limited (GEML) - electric 2 & 3 wheelers for passenger and cargo mobility
- Greaves Finance Limited (GFL) - ev.fin, a 100% EV focused NBFC
Disclaimer Note
The press release includes forward-looking statements and notes that GEML has filed a DRHP with SEBI for an initial public offering, which is subject to regulatory approvals and market conditions.