Carraro India Limited
Tata AIA Life Insurance no longer appears on the shareholder list for Carraro India Limited, where it previously held 1.9 percent. The insurer has either exited entirely or trimmed its position below the 1 percent reporting threshold.
A manufacturer of axles and transmission systems for agricultural tractors and construction vehicles, Carraro India serves the domestic automotive and farm equipment sectors. The company specializes in designing and producing drivetrain components engineered for heavy-duty applications in agriculture and construction industries. Established in 1997, it maintains operations focused on precision engineering and reliable supply to leading tractor and vehicle manufacturers across India.
Joint venture between Tata Sons and AIA Group. AUM crossed Rs 1.3 lakh crore in May 2025, growing 27% YoY, making it one of the fastest-growing equity-oriented insurers in India. CIO Harshad Patil has run the investment book since 2014. Flagship Multi Cap Fund delivered 31.4% CAGR over 5 years, among the strongest performance in the ULIP universe.