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Reliance PE investing $2.5M in control valve maker Dembla 

As on March, 2012, DVL clocked profit after tax of Rs 4.5crore which is a drop of 22 per cent compared with the previous year.

Reliance Private Equity is in an advanced stage of discussions to invest $2.49 million or Rs 15 crore in Dembla Valves Limited (DVL), a Maharashtra-based manufacturer of fluid control valves, two sources privy to the development informed VCCircle.

Headed by KN Dembla and JN Dembla, DVL was incorporated in 1985 and specialises in manufacturing globe control, high performance butterfly, manual butterfly, offset butterfly and ball valves. These valves are used in industries that include oil & gas, refinery, marine and FPSO, power, desalination, chemical & petrochemical, steel & allied, paper & pulp, pharmaceutical and food processing.

The sources said the deal marks the last investment of Reliance Alternative Investments Fund – Private Equity Scheme I which was raised over 2009-10 with a view to invest in emerging and existing mid- to large-cap companies.

Queries emailed to Reliance PE and DVL did not elicit responses till the time of writing this article.  

Reliance PE has so far invested in Pathways World Schools, Shankara Infrastructure Materials Limited, Max Flex and Imaging Systems Limited, VVF India Ltd, Butterfly Gandhimathi Appliances, Amber Enterprises and Khadim India Limited.

As on March, 2012, the company clocked net sales of Rs 86.2 crore and profit after tax of Rs 4.5crore which is a drop of 22 per cent compared with the previous year.

Most recently, SSI Trading Pvt Ltd acquired an undisclosed stake in Mumbai based Delta Magnets Ltd which manufactures arc magnets (segment magnets) and isotropic rings for application in industries such as information and communication, automobiles, power supply, etc.

In other recent developments in the industrial machinery space, Pragati India Fund invested $6.3 milion in alloy castings manufacturer PTC Industries in late 2013.

(Edited by Joby Puthuparampil Johnson)

Dembla Valves Ltd. is engaged in manufacturing and testing control valves. Its products include globe control valves, butterfly valves and ball valves. It offers sales, warranty, desk, emergency call and spares support services. The company was founded in 1985 and is based in Thane, Maharashtra.

Head office:
Thane
Year Founded:
1985
Website:
Management:
Kanaiya Navalmal Dembla, Jayprakash Navalmal Dembla
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