Greaves Cotton invests ₹22 crore in subsidiary Greaves Finance

Greaves Cotton Limited announced a further investment of approximately ₹22 crore in its wholly owned subsidiary, Greaves Finance Limited (GFL), via a rights issue subscription. This move, disclosed on September 14, 2025, aims to capitalize GFL's borrowings and is expected to be completed on or before September 28, 2025.

GFL, a non-banking financial company incorporated on December 31, 1958, specializes in retail vehicle financing for electric 2-wheelers and 3-wheelers, as well as providing lease financing to last-mile delivery and service aggregators. This investment will maintain GFL's status as a wholly owned subsidiary of Greaves Cotton.

GFL reported a turnover of ₹17.72 crore and a net worth of ₹80.06 crore as of March 31, 2025. Its turnover has seen growth over the past three years, from ₹4.31 crore in FY 2022-23 to ₹5.75 crore in FY 2023-24, indicating expanding operations in India's e-vehicle financing sector.