Chennai: Tube Investments of India Ltd (TII), part of the Murugappa Group, has announced its entry into the metal injection molding (MIM) business with the proposed acquisition of a majority stake in Orange Koi Pvt Ltd for up to ₹73 crore.The company said it has signed definitive agreements to acquire 87% equity in Orange Koi through a combination of primary capital infusion and secondary share purchases, to be completed in one or more tranches. The move marks TII’s strategic expansion into precision manufacturing technologies aligned with its long-term diversification plans.Orange Koi is engaged in manufacturing precision components using advanced technologies such as metal injection molding and additive manufacturing. TII said the investment will support Orange Koi’s expansion, including scaling up manufacturing capabilities to meet growing demand.TII Managing Director Mukesh Ahuja said the acquisition would combine the company’s engineering expertise and customer relationships with Orange Koi’s specialised technologies and innovation-driven approach. “This partnership will help build a strong platform for next-generation precision manufacturing while delivering enhanced value to customers,” he said.
