3M India Limited has announced that it is evaluating the potential implications of a significant business transaction involving its parent company, 3M Company, USA. The parent company has entered into an agreement to sell its Precision Grinding & Finishing (PG&F) business to Nimbus, a Europe-based private equity firm specializing in medium-sized industrial enterprises.

Transaction Details

The agreement for the sale of the PG&F business was signed in September 2025. The transaction is expected to close in the first half of calendar year 2026, subject to customary closing conditions.

Impact on 3M India

3M India is currently assessing the potential impact of this global transaction on its Indian operations. The company has disclosed that the PG&F business in India:

• Contributed less than 1% of 3M India Limited's revenue in FY 2024-25
• Has two employees

Given these figures, the immediate impact on 3M India's operations appears to be limited. However, the company is conducting a thorough evaluation to understand any potential long-term implications.

Recent Financial Performance

While assessing the impact of the PG&F business sale, it's worth noting 3M India's recent financial performance. The company reported strong results for the quarter ended September 30, 2025:

The company registered broad-based growth across all four business segments:

• Healthcare: 14.9% growth
• Consumer: 14.6% growth
• Transportation & Electronics: 12.9% growth
• Safety & Industrial: 12.3% growth

Management Commentary

Ramesh Ramadurai, Managing Director of 3M India Limited, commented on the financial results, stating, "We are encouraged with the sales growth in Q2 as well as the first half of FY 25-26, despite timing benefit in the quarter due to certain project-related businesses. The Company's profit after tax grew 43.0% to Rs. 191 crores in Q2 FY26. The Company maintained higher spend levels during the quarter in sales and marketing to improve market penetration."

As 3M India continues to evaluate the potential impact of its parent company's PG&F business sale, stakeholders will be keenly watching for any updates on how this global transaction might influence the company's future strategies and operations in the Indian market.

3M India Limited , a subsidiary of the US-based 3M Company, has reported strong financial results for the quarter ended September 30, demonstrating significant growth across key metrics.

Financial Highlights

The company's performance for the quarter showcases substantial year-on-year improvements:

Sales grew to Rs. 278.81 crores compared to the previous year, while net profit after tax increased to Rs. 191 crores.

Segment-wise Performance

3M India delivered broad-based growth across all four of its business segments:

Corporate Developments

• The Board has appointed Mr. Dwarakanath Ranganath Mavinakere as an Additional Independent Director, effective February 2, for a five-year term, subject to shareholder approval.
• The company has approved the appointment of PriceWaterhouseCoopers Chartered Accountants LLP as statutory auditors for five years, replacing BSR & Co. LLP whose term concludes at the 39th AGM.

Strategic Initiatives

3M Company USA has entered an agreement to sell its Precision Grinding & Finishing business to Nimbus, a Europe-based private equity firm. The transaction is expected to close in the first half of the following year. The impact on 3M India Limited is expected to be minimal, as this business contributed less than 1% of 3M India's revenue in the previous fiscal year.

3M India continues to leverage its global innovation expertise to develop solutions that address the unique needs of diverse customers in India. With its strong performance across all business segments and strategic corporate moves, the company appears well-positioned for continued growth in the coming quarters.