Subsidiary completes first tranche of fundraise at ₹330 crore pre-money valuation
Subsidiary fundraise update.
By ScoutQuest · · 2 min read
- Pre-money valuation (first tranche)
- ₹330 crore
- Revenue FY2024-25 to FY2025-26
- ₹19.27 crore to ₹84.47 crore
- Profit after tax FY2024-25 to FY2025-26
- ₹3.17 crore to ₹15.04 crore
Linga Agri completes first tranche at ₹330 crore pre-money valuation
The press release is about Prime Industries Limited's subsidiary, Linga Agri Trading and Machinery Private Limited.
What was announced
- Linga Agri, in which Prime Industries holds a majority stake as on date, has completed the first tranche of its fundraise.
- The fundraise is at a pre-money valuation of ₹330 crore.
- The company calls this an important milestone in Linga Agri's growth journey, supporting manufacturing capabilities and presence across agricultural and industrial engineering applications.
- It cites Prime Industries' strategic guidance, industry relationships, operational engagement and R&D support behind the subsidiary.
What Linga Agri does
- Established in 2018, it works in advanced agricultural and industrial manufacturing, developing specialised machinery and engineering solutions for food processing, waste management, fabrication and precision engineering.
- Its project portfolio includes work associated with the Indian Space Research Organisation (ISRO), BEML, Tamil Nadu Agricultural University (TNAU), Royal Enfield and Hyundai, alongside government departments, agricultural institutions and municipal bodies.
Reported financials of the subsidiary
- Revenue increased from ₹19.27 crore in FY2024-25 to ₹84.47 crore in FY2025-26.
- Profit after tax rose from ₹3.17 crore to ₹15.04 crore over the same period.
In the company's words
Mr. Gowtham Sithaaarth, Managing Director of Linga Agri, said the focus is on advancing precision engineering and innovation through specialised manufacturing, combining Linga Agri's manufacturing expertise with Prime Industries' support in research and development, leadership and operations.
Where Prime Industries fits in
- Prime Industries Limited (BSE Scrip Code 519299 | Scrip Symbol: PRIMIND) describes itself as an industrial growth company working alongside Linga Agri and Kay Bovet.
- It lists its areas of activity as specialised engineering, advanced manufacturing, defence, aerospace, nuclear, capital goods, specialised machinery and emerging technologies, supported through R&D, leadership and operational support.
What a retail investor can take away
- The announcement gives a stated valuation for the subsidiary in which Prime Industries holds a majority stake, along with two years of the subsidiary's revenue and profit figures.
- The transaction is described as the first tranche of a fundraise, so the release marks a step in the subsidiary's funding rather than a completed round as a whole.
Also from Prime Industries
AGM approves auditor, MD, ₹40 crore capital, objects clause change, 27,30,000-share preferential issue
20 Oct 2026
AGM approves statutory auditor, MD and director appointments, capital increase and preferential issue
20 Oct 2026
More numbers
- Linga Agri pre-money valuation₹330 crore
- Linga Agri revenue FY2024-25₹19.27 crore
- Linga Agri revenue FY2025-26₹84.47 crore
- Linga Agri profit after tax FY2024-25₹3.17 crore
- Linga Agri profit after tax FY2025-26₹15.04 crore
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