Eastman Impex, a leading player in India’s automotive components and manufacturing sector, has announced an aggressive expansion roadmap with a planned investment of approximately ₹40 crore year-on-year over the next three years. The investment will be directed towards strengthening its aluminium fabrication and axle assembly parts manufacturing capabilities, further reinforcing its position in the domestic and global markets.
With a current turnover of ₹700 crore, the company is targeting a significant scale-up to ₹1,200 crore in revenue by 2029. As part of its long-term strategic vision, Eastman Impex is also preparing for a potential IPO by 2030.
The upcoming investments will primarily focus on expanding advanced aluminium fabrication facilities and enhancing production capacity for axle assembly components—key segments that are witnessing strong demand across the automotive and industrial sectors.
Speaking on the development, Gaurav Singal, CEO, Eastman Impex, said,
“We are focused on building a future-ready manufacturing ecosystem by consistently investing in innovation, capacity expansion, and people. Our ₹40 crore annual investment plan reflects our long-term commitment to scaling our aluminium fabrication and axle assembly businesses. With a clear roadmap to achieve ₹1,200 crore in revenue by 2029 and a planned IPO in 2030, we are confident of delivering sustainable growth while contributing to India’s manufacturing ambitions.”
In line with its growth strategy, the company is also strengthening its human resource vision with a strong focus on inclusive hiring and local employment generation. Eastman Impex currently employs over 2,200 workers, including approximately 230 women employees. The company is actively promoting women workforce participation and prioritising recruitment from the local Punjabi talent pool, contributing to regional economic development.
Additionally, Eastman Impex is leveraging various Punjab government schemes to enhance its operational efficiencies and support its expansion initiatives.
With a robust investment pipeline, a clear growth trajectory, and a strong focus on workforce development, Eastman Impex continues to solidify its position as a key contributor to India’s evolving manufacturing and automotive ecosystem.
