NewsZF Steering Gear Subsidiary Acquires Two Factory Premises for Electrical Division ManufacturingZF Steering Gear Subsidiary Acquires Two Factory Premises for Electrical Division Manufacturing
ZF Steering Gear (India) Limited's wholly owned subsidiary, DriveSys Systems Private Limited, has acquired two adjacent factory premises in MIDC, Ahilyanagar Industrial Area, Maharashtra through 15-year sub-lease agreements with M/s. Om Tejshree Technologies and M/s. Microtech Industries. The combined facilities span 2,778 square meters of plot area with 1,157 square meters of built-up space, designated for manufacturing operations of the subsidiary's new Electrical Division. Operations are expected to commence in Q4 of FY 2025-26, supporting the company's expansion into electric equipment components business.
*this image is generated using AI for illustrative purposes only.
ZF Steering Gear (India) Limited has announced a significant expansion move through its wholly owned subsidiary, DriveSys Systems Private Limited, which has acquired two adjacent factory premises in Maharashtra to establish manufacturing facilities for its new Electrical Division. The acquisition was disclosed under Regulation 30 of the SEBI (LODR) Regulations, 2015, following an earlier intimation dated May 17, 2025.
Acquisition Details
DriveSys Systems Private Limited entered into two separate agreements on January 9, 2026, with M/s. Om Tejshree Technologies and M/s. Microtech Industries for the acquisition of factory premises on a sub-lease basis. Both facilities are strategically located in MIDC, Ahilyanagar Industrial Area, Nagapur, Taluka - Nagar, District – Ahilyanagar - 414111, Maharashtra.
| Parameter: | Om Tejshree Technologies | Microtech Industries |
|---|---|---|
| Plot Number: | C-20/2 | C-20/3/6 Block-C MIDC |
| Plot Area: | 2,131 sq. meters | 647 sq. meters |
| Built-up Area: | 936 sq. meters | 221 sq. meters |
| Tenure: | 15 years | 15 years |
| Location: | MIDC Ahilyanagar Industrial Area | MIDC Ahilyanagar Industrial Area |
Strategic Purpose and Timeline
The acquired factory premises will serve as manufacturing facilities for DriveSys Systems' proposed Electrical Division. This expansion aligns with the company's announced new line of business in electric equipment components and supports future growth objectives of the subsidiary. The company expects to commence operations at these facilities in Q4 of FY 2025-26.
Transaction Structure
Both acquisitions are structured as sub-lease agreements with a tenure of 15 years each. The combined facility spans 2,778 square meters of plot area with a total built-up area of 1,157 square meters across the two adjacent premises. The company confirmed that none of the promoters, directors, or key managerial personnel have any existing interest in these transactions.
Business Expansion Context
This acquisition represents a strategic move by ZF Steering Gear's subsidiary to enter the electrical equipment components manufacturing sector. The establishment of dedicated manufacturing facilities for the Electrical Division demonstrates the company's commitment to diversifying its business portfolio and capitalizing on opportunities in the electric vehicle and electrical components market. The choice of location in Maharashtra's established industrial area provides access to necessary infrastructure and supply chain networks for efficient operations.
Historical Stock Returns for ZF Steering Gear
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.04% | -1.81% | -3.56% | -20.34% | -20.34% | -20.34% |
20
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
