Prime Industries Limited submitted a press release pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding its majority-owned subsidiary Linga Agri Trading and Machinery Private Limited.
Fundraising Details
Linga Agri completed the first tranche of its fundraise at a pre-money valuation of ₹330 crore. The fundraising supports growth in advanced manufacturing and specialised engineering capabilities.
Subsidiary Financial Performance
Linga Agri reported significant financial growth:
- Revenue increased from ₹19.27 crore in FY2024-25 to ₹84.47 crore in FY2025-26
- Profit after tax rose from ₹3.17 crore to ₹15.04 crore during the same period
Business Operations
Established in 2018, Linga Agri operates in advanced agricultural and industrial manufacturing, developing specialised machinery and engineering solutions for:
- Food processing
- Waste management
- Fabrication
- Precision engineering
Client Portfolio
The company's project portfolio includes work with:
- Indian Space Research Organisation (ISRO)
- BEML
- Tamil Nadu Agricultural University (TNAU)
- Royal Enfield
- Hyundai
- Government departments
- Agricultural institutions
- Municipal bodies
Strategic Engagement
Prime Industries Limited is actively working across specialised engineering, advanced manufacturing, precision engineering, nuclear, defence, aerospace and emerging technologies on long-term projects alongside Linga Agri and Kay Bovet. The company provides strategic guidance, industry relationships, operational engagement and R&D support to Linga Agri.
Management Commentary
Mr. Gowtham Sithaaarth, Managing Director of Linga Agri Trading and Machinery Private Limited, commented that the focus is on advancing precision engineering and driving innovation through specialised manufacturing solutions, combining manufacturing expertise with Prime Industries' support in research and development, leadership and operations.