Tube Investments of India Limited
Nippon India Mutual Fund entered Tube Investments of India with 74,28,970 shares, a 3.84% stake worth ₹2,148.87 crore.
A diversified manufacturer serving India's automotive, railway, construction, mining, and agricultural sectors through engineered products and components. Tube Investments operates three core business verticals: engineering, metal formed products, and bicycles. The company has strategically expanded into TMT bars, truck body building, and automotive vision systems, establishing itself as a vertically integrated industrial manufacturer with a broad portfolio across multiple industries.
India's fifth-largest AMC with over Rs 6 lakh crore in AUM, backed by Japan's Nippon Life Insurance which holds majority stake. Formerly Reliance MF, rebranded in 2019 after Nippon's acquisition. Sailesh Raj Bhan has run the equity book for over two decades and is one of India's most experienced active managers. Known for sector rotational calls and a deep research bench.