Carraro India Limited
3P India Equity Fund bought 2 lakh shares of Carraro India for about ₹10.70 Cr at ₹535 apiece. The open-market purchase raised the fund's stake from 4.71% to 5.06%, crossing the 5% disclosure 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.
Launched May 2023 by 3P Investment Managers, managing around Rs 16,269 cr by January 2026, making it one of the fastest-scaling India equity AIFs ever. Managed by Prashant Jain, who ran HDFC Mutual Fund as CIO for 18 years (2004 to 2022) and is among India's most-followed long-only managers. Mohnish Pabrai is an anchor investor.
