Pune-based auto component manufacturer Flash Electronics India has raised Rs 200 crore from private equity firm DMI Finance to expand operations.

The funds will be utilised to upgrade products for transition to BS VI emissions standards, set up production lines and scale up its gears business, the company said. With this investment, Flash Electronics India expects to more than double turnover to Rs 2,000 crore in the next 24 months. The company reported turnover of Rs 900 crore for 2018-19.

Source: The Economic Times