Nippon India Mutual Fund is no longer listed as a major shareholder of Patil Automation. The fund either completely exited its last reported 1.17 percent stake or pared it down below the 1 percent public disclosure threshold.
A manufacturer of welding and line automation solutions serving India's industrial sector. Patil Automation specializes in designing and delivering customized automated systems for automotive, appliance, and general manufacturing applications. The company provides integrated automation equipment, engineering support, and technical services to enhance production efficiency and operational capability for clients across various industries nationwide.
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.
