Eastman Impex, one of India’s leading automotive components and manufacturing companies, has announced a strategic growth and expansion plan backed by an investment of approximately ₹40 crore annually over the next three years. The planned investment, amounting to nearly ₹120 crore, will be directed towards expanding the company’s aluminium fabrication and axle assembly manufacturing capabilities, strengthening its position in both domestic and international markets.
Currently recording a turnover of ₹700 crore, Eastman Impex is targeting a significant growth milestone of ₹1,200 crore in revenue by 2029. As part of its long-term vision, the company is also laying the groundwork for a potential Initial Public Offering (IPO) by 2030, reflecting its confidence in sustained business growth and market expansion.
The investment programme will focus on modernising manufacturing infrastructure, enhancing production capacities, and introducing advanced technologies across its aluminium fabrication and axle assembly divisions—two segments witnessing strong and growing demand from the automotive and industrial sectors.
Commenting on the company’s growth plans, Gaurav Singal, CEO, Eastman Impex, said:
“India’s manufacturing sector is entering a transformative phase, and we see tremendous opportunities ahead. Our planned investments are aimed at building greater scale, improving operational efficiencies, and strengthening our capabilities to serve evolving customer requirements. As we work towards achieving ₹1,200 crore in revenue by 2029 and explore a potential IPO by 2030, our focus remains on creating long-term value for customers, employees, and stakeholders while contributing to the growth of India’s manufacturing ecosystem.”
Alongside its business expansion, Eastman Impex continues to invest in workforce development and inclusive growth. The company currently employs more than 2,200 people, including approximately 230 women employees, and remains committed to increasing female workforce participation across its operations. It is also prioritising local talent acquisition, creating employment opportunities and contributing to economic development within Punjab and surrounding regions.
To further support its expansion journey, Eastman Impex is actively leveraging various government-led industrial and manufacturing initiatives available in Punjab, enabling the company to enhance operational efficiencies and accelerate capacity growth.
With a strong investment roadmap, ambitious growth targets, and a people-centric approach, Eastman Impex is well-positioned to strengthen its leadership in the automotive components sector and play a larger role in India’s manufacturing growth story.
