True North Invests INR 360 Cr in Innova Rubbers and Vee Tee Auto

True North Private Credit has invested INR 360 Cr in Innova Rubbers and Vee Tee Auto, boosting the consolidation of the promoter's stake for better growth prospects. Innova specializes in automotive NVH products, while Vee Tee focuses on auto component trading. This marks a significant private credit deal in India.

Devdiscourse News Desk | Mumbai | Updated: 29-10-2025 16:20 IST | Created: 29-10-2025 16:20 IST

True North Invests INR 360 Cr in Innova Rubbers and Vee Tee Auto — This image is AI-generated and does not depict any real-life event or location. It is a fictional representation created for illustrative purposes only.

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Mumbai, October 29th, 2025: True North Private Credit has announced a strategic investment of INR 360 Cr in Innova Rubbers Private Limited and Vee Tee Auto Manufacturing Company Private Limited. The investment will support the consolidation of the promoter's stake, providing control and enhancing growth prospects for both companies.

Innova Rubbers, established in 1969, is a leader in manufacturing automotive rubber-moulded products, maintaining strong ties with OEMs. Vee Tee Auto, founded in 1988, excels in the aftermarket trading of auto components and manufactures for OEMs.

This transaction strengthens True North’s presence in India’s private credit landscape, highlighting the firm's commitment to partnering with high-potential businesses. True North has been an influential player in the private equity sector since 1999, managing substantial funds and investing in various sectors.