New Delhi, May 11 – Fenesta, the window and door division of DCM Shriram Ltd, has announced the acquisition of a 53 per cent equity stake in DNV Global for Rs 44 crore. This strategic move aims to strengthen its backward integration, expand into hardware manufacturing, and unlock operational synergies across its supply chain.
According to a company statement issued on Sunday, the acquisition is expected to be completed within the next two months. The deal includes Rs 31 crore for fresh equity infusion into DNV Global and Rs 13 crore for acquiring existing shares from current promoters and shareholders.
Strategic Expansion into Hardware
“This strategic investment marks a significant step in Fenesta's vision to enhance customer experience, deepen vertical integration, enhance product reliability, achieve accelerated growth in scale, and unlock operational synergies,” said DCM Shriram in the statement.Saket Jain, Business Head of Fenesta Building Systems, highlighted the importance of the acquisition in advancing Fenesta’s product capabilities.
He added that the integration with DNV Global will provide Fenesta with enhanced agility to innovate and broaden its offerings in the home improvement segment.
Strengthening Market Presence
Fenesta is a prominent brand in the uPVC and aluminium windows and doors sector. It also deals in solid panel doors and façade solutions. The acquisition of DNV Global, a hardware firm established in 2013 with a turnover of Rs 60 crore in the last fiscal, aligns with Fenesta’s mission to offer end-to-end solutions and durable product ranges.DCM Shriram, the parent company, operates across several sectors, including sugar, fertilizers, and chemicals, in addition to its building systems division.
The move reflects Fenesta’s commitment to bolstering its manufacturing and supply chain infrastructure while targeting growth through vertical integration and diversification.