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the Spirit of Innovation

Divgi TorqTransfer Systems

Divgi TorqTransfer Systems Limited

CIN: U32201MH1964PLC013085 75 , General Block, MIDC, Bhosari, Pune 411 026, India Tel: (+91-20) 63110100 Web: www.divgi-tts.com

Ref.: DTTS/Sec/23-24/28

May 24, 2023

To, To, BSE Limited, National Stock Exchange of India Limited , Phiroze Jeejeebhoy Towers, "Exchange Plaza" 5th Floor, Dalal Street, Mumbai - 400001 Plot No. C-1, G Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400051 BSE Scrip Code – 543812 NSE Scrip Code - DIVGIITTS

Sub: Investor Presentation

Ref.: Regulations 30 of the LODR Regulations

Dear Sir / Madam,

Pursuant to Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR Regulations”), please find enclosed herewith the Presentation on performance of the Company for the quarter and financial year ended March 31, 2023.

This is for your information and records.

Thanking you,

For Divgi TorqTransfer Systems Limited

SATISH Digitally signed by SATISH CHANDRASHEKHAR KADROLLI CHANDRASHEKHAR Date: 2023.05.24 19:25:39 KADROLLI +05'30' Satish Chandrashekhar Kadrolli Company Secretary and Compliance Officer M No.: A43677

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Enclosure : As above

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Divgi TorqTransfer Systems Limited (DTTS) Corporate Presentation and business update for Q4 financials

Disclaimer and caution statement regarding forward-looking statements

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This presentation and the accompanying slides (the “Presentation”), which have been prepared by Divgi TorqTransfer Systems Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forwardlooking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third party statements and projections

Q4 FY23 Financials and Business developments

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Financial Performance - Quarterly

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Revenue from Operations (INR mn) EBITDA and EBITDA Margins
800.0 EBITDA (INR mn) EBITDA Margin %
700.0 250.00 28.3% 26.3%
600.0 200.00 22.3%
500.0
150.00
400.0
300.0 100.00 130 193
200.0 50.00 181
100.0
- -
Q4FY22 Q3FY23 Q4FY23 Q4FY22 Q3FY23 Q4FY23
733
640
583
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PAT and PAT Margins
PBT (INR Mn) PAT (INR Mn)
200.00 181
180.00 162
160.00 150 135
140.00 116 120
120.00
100.00
80.00
60.00
40.00
20.00
-
Q4FY22 Q3FY23 Q4FY23
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Revenues from Operations from sale of products for 12 months ended March 31, 2023

Quick updates on business and operations

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5% 6%
22%
Transfer Case
Exports
Transmission Comp.
Others Domestic
94%
73%
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Quarterly revenues were supported by strong performance in 4WD transfer case products
We expect the volumes of EV gearboxes to pick-up substantially once our new facility at Shirwal becomes operational with ramp-up expected to be completed by Q2 FY24;
We continue to see extremely good traction in our discussions for new business with all our major customers including BorgWarner, Tata Group, M&M as well as MG Motors; our export business is expected to start normalizing from Q4 FY24 onwards;
We are in the process of ordering equipment as envisaged in the Prospectus and expect deliveries to start from Q2 FY24 onwards

4 .

Consistent track record of revenue growth & profitability

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Revenue from Operations (INR mn) EBITDA Profit after Tax
2,710
Revenues CAGR – 19.44% EBITDA CAGR – 26.39% PAT CAGR – 22.20%
800 745
2,338
700 656
600 512
600 519 500 462
1,866 500 400 380
1,591 400 369 300 280
300 200
200 100
100 0
FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23
Fixed Asset Turnover Ratio (x) Adjusted ROCE (%) Leverage ratios & debt
Net Debt (INR Mn)
1.39x
1.30x
1.12x 1.16x 35.00% (757) (1,179) (1,331) (2,627)
29.47%
30.00% 27.41%
24.35% 24.85%
25.00% 0.24x
20.00%
15.00%
10.00%
5.00%
0.00x 0.00x 0.00x
0.00%
FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23
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Note : Adjusted ROCE = EBIT less interest income on Fixed deposits / capital employed less Fixed deposits where total assets less current liabilities excluding Compulsorily Convertible Preference Shares (CCPS) as at the close of the period / year; Fixed Asset Turnover Ratio: Revenue from Operations / Average Gross Block of Property Plant and Equipment

Statement of Profit and Loss (Quarterly)

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Particulars (₹ mn)	Q4FY23	Q3FY23	Q-o-Q %	Q4FY22	Y-o-Y %
Income
Revenue from operations	733	640		583
Other income	26	12		49
Total income (I)	760	652	*17%*	633	*20%*

Expenses
Cost of raw materials and components consumed	299	259		254
Decrease/ (increase) in inventories of finished goods and work-in progress	12	(5)		1
Employee benefits expense	56	56		53
Finance costs	1	0		1
Depreciation and amortization expense	37	30		29
Other expenses	174	149		145
Total expenses (II)	578	489		483

Profit before tax (III) = (I - II)	181	162	*12%*	150	*19%*

Tax expense
Current tax expenses	45	40		39
Deferred tax charge / (Credit)	2	2		(6)
Total tax expense (IV)	47	42		34

Profit for the period (V) = (III - IV)	135	120	*12%*	116	*15%*

Statement of Profit and Loss (Annual)

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Particulars (₹ mn)	FY23	FY22	FY21	FY20
Income
Revenue from operations	2,710	2,338	1,866	1,591
Other income	76	81	85	117
Total income (I)	2,787	2,419	1,950	1,707
Expenses
Cost of raw materials and components consumed	1,104	936	689	560
Decrease/ (increase) in inventories of finished goods and work-in progress	10	1	(19)	22
Employee benefits expense	245	225	218	196
Finance costs	3	2	2	45
Depreciation and amortization expense	130	114	76	64
Other expenses	607	520	459	443
Total expenses (II)	2,098	1,797	1,425	1,330
Profit before tax (III) = (I - II)	688	622	526	378
Tax expense
Current tax expenses	177	162	144	111
Deferred tax charge / (Credit)	(0)	(2)	1	(14)
Total tax expense (IV)	177	160	145	97
Profit for the period (V) = (III - IV)	512	462	380	280

7 .

Balance Sheet - Snapshot

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	Particulars (₹ mn)	FY23	FY22	FY21	FY20	Particulars (₹ mn)	FY23	FY22	FY21	FY20
	Assets					Equity and liabilities
	Non-current assets					Equity share capital	153	138	69	60
	Property, plant, and equipment	1,111	1,080	1,037	878	Other equity	5,360	3,262	2,890	2,035
	Capital work in progress	809	168	28	10	Total equity	5,513	3,400	2,959	2,095
	Right-of-use assets	25	8	13	11	Non-current liabilities
	Intangible assets	150	147	39	56	Financial liabilities
	Financial assets					a) Borrowings	3	0	1	2
	a) Loans	0	0	0	0	b) Lease liabilities	15	2	3	3
	b) Other financial assets	37	10	9	10	Provisions	33	48	48	44
	Other non-current assets	10	5	7	25	Deferred tax liabilities (net)	4	5	7	6
	Total non-current assets	2,141	1,418	1,133	991	Total Non- Current Liabilities	55	55	60	55

	Current assets					Current liabilities
	Inventories	319	301	267	208	Financial Liabilities
	Financial assets					a) Borrowings	1	1	1	502
	a) Trade receivables	732	526	548	234	b) Trade payables	461	396	398	232
	b) Cash and cash equivalents	48	174	203	205	c) Lease Liabilities	6	2	5	4
	c) Bank balances other than Cash and cash equivalents	3,066	1,559	1,386	1,295	d) Other financial liabilities	275	90	127	92
						Other Current liabilities	23	29	4	8
	d) Other financial assets	43	34	31	52
						Provisions	22	21	21	16
	Other current assets	71	42	62	53
						Current tax liabilities (net)	62	60	53	32
	Total Current Assets	4,279	2,635	2,496	2,046
						Total Current liabilities	852	599	610	886
	Total assets	6,420	4,054	3,629	3,037
						Total equity and liabilities	6,420	4,054	3,629	3,037
8 Privileged & Confidential, © 2023, All Rights Reserved. . 8

About the Company

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Divgi TorqTransfer Systems Limited – Overview

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Ability to provide and deliver system level solutions

Divgi–TTS has 58+ years of Years of experience in the auto component industry# Located in Pune and has 3 manufacturing plants in Maharashtra (including 1 plant under construction) and 1 plant in Karnataka

Divgi-TTS designs, develops, manufactures and supplies engineered, turnkey solutions and components for automotive OEMs across India, USA, China, Korea and Russia, amongst others.

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4WD / AWD Systems Dual Clutch Automatic Transmissions for BEV
Transmission
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Manual Transmission Synchronizer Systems Components
Diverse capabilities enable DTTS to offer range of products to customers across
passenger vehicles, utility vehicles and commercial vehicles
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ICE ICE ICE Hybrid Battery Electric Vehicle
(4WD/AWD) (Manual) (Automatic)
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Note # - Company commenced operations in 1964 as Divgi Metalwares Pvt Ltd (DMPL) :

Divgi TorqTransfer Systems Limited – Overview

Largest Supplier of Transfer Case systems to passenger vehicle manufacturers in India

Awarded contract for EV transmission systems for one of the leading providers of EVs in India#

Only manufacturer of Torque Coupler in India

In process of launching domestically manufactured Dual Clutch Transmission Systems; therefore, DTTS will be the only manufacturer of DCT systems in India

Brings manual transmission solutions using steel and carbon-based synchronizer systems

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Long-term relationships[##] with marquee domestic and global OEMs

Continued business for over two decades

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Received awards from

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Technical tie-ups and partnerships

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Product development & technology transfer agreement with German automotive company – DCT applications

Note * - Outstanding Development for Gears and Synchronizers’ certificate

Note ## -includes relationships maintained by the Company including through its earlier joint ventures;

Note # Supply pursuant to the contract has not started as on the date of the RHP

Divgi-TTS | Major events and milestones in the history of the Company

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2023 - Listing
2018
• •
Investment by Oman India Joint Awarded component business for
Investment Fund II supplies to USA and Mexico from
2022 • BorgWarnerAwarded the EV transmission
components business from
2016 Mahindra
2021 • Awarded the Transfer case business
• Exit of BorgWarner through from Force Motors
buy out of shares 2020 • Awarded the Transfer Case
• Investment by NRJN Family business from a Chinese
Trust • Awarded the NexTrac automobile manufacturer
1995 assembly business from • Awarded the EV transmission
Mahindra & Mahindra for business from TACO
XUV 700
• Entered into a formation
• Awarded the planetary sun
agreement with BorgWarner Current Shareholding*
gear business from Toyota
Kirloskar Auto Parts
2019 Public 24.21%
• Awarded the Transfer Case business from Mahindra &
Mahindra for the new Generation Scorpio and THAR
60.48%
• Awarded the Transfer Case business from a Russian
1964 2017 automobile manufacturer
Oman India Promoter &
12.19% Promoter
• Amalgamation of Divgi TorqTransfer Systems
Group
Private Limited and Divgi Metalwares Private
3.12%
Limited (amalgamated entity was renamed as
NRJN Family
Divgi TorqTransfer Systems Private Limited)
Trust
Incorporated as Divgi Metalwares
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Incorporated as Divgi Metalwares Private Limited

Note : As at March 31, 2023; *Nextrac is the Torque Coupler supplied by DTTS for FWD applications

Key Investment Highlights

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Focus on R&D to manufacture diverse products and expand into products to serve new and emerging trends

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Amongst one of the very few suppliers in India who has the capability to develop and provide system level Transfer Case, Torque Coupler, Dual Clutch Transmissions ("DCT") solution

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2 1 Established a track record of growth and financial 3 6 performance , delivering adjusted ROCE* of >24% for each of the last three fiscals 5 4

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Long-term relationships with marquee domestic and global OEMs

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Strategically located manufacturing facilities capable of producing highprecision components meeting systemlevel design intent and enables localization of critical components which helps customers achieve quality and supply chain security at optimized cost

Led by a highly experienced Board of Directors, and a professional and experienced management team with extensive experience in the automotive industry

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Note : *Adjusted ROCE = EBIT less interest income on Fixed deposits / capital employed less Fixed deposits where total assets less current liabilities excluding Compulsorily Convertible Preference Shares (CCPS) as at the close of the period / year

System level solution provider

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Manual Transmissions & Synchronizers

Torque Transfer Systems & Torque Coupler

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Developed manual transmissions for rear-wheel-drive applications which can be configured either in 4X2 or coupled with our transfer cases to offer 4X4 solutions

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One of the leading manufacturers of steel synchronizers and one of the first few suppliers of steel and carbon-based synchronizer systems for the Indian markets

Transmissions for Electric Vehicles

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In-house design capabilities, benchmarking some of the best industry practices

Evaluating development or in-licensing of an integrated electric drive unit, which will help integrate powertrain and the drivetrain components

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One of the leading players supplying Transfer Case systems in India and only player manufacturing & exporting Transfer Cases to global OEMs from India

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Only Manufacturer of Torque couplers in India

Dual Clutch Transmission

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In the process of launching domestically manufactured DCT systems, therefore becoming the only manufacturer of DCT systems in India

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“PDA” as well as “TTA” with a DTTS has developed 7 Speed Dual German automotive company for Clutch Automatic transmissions in DCT systems collaboration with Hofer

Engaged with leading OEMs in India, from the design and development stage to and also providing product development support

Offering customized solutions & Components to OEMs in a cost-effective manner

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Components business offers DTTS economies of scale which helps to optimize costs for their product systems and solutions

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Precision Components

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Systems & Solutions Provider

Understanding of the vehicle dynamics through engagement in product systems and solutions helps in offering components

Strong focus on research and development and advanced in-house hardware and software capabilities

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Electronics
systems
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Mechanical
Systems
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Complementing R&D efforts through continued Partnership with BorgWarner & Hofer

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System level solution provider and transfer case supplier is expected to bring in mechatronic expertise in the overall design and development phase of the transfer case
The Company is invested in defining its own logic, control algorithm and application software application software with the help of global partners, and will continue to expand its efforts towards software development
Successful R&D initiatives on software development by DTTS are transfer case control logic, NexTrac torque intervention logic, thermal shut down logic to protect the applications, and park lock in EV application logic and control
In India, DTTS is amongst the very few suppliers who have the capability to develop and provide system level Transfer Case, torque couplers and DCT solutions
Independently developed a cost-effective 32-bit processor for BorgWarner towards their transfer case application in replacement of their existing 8-bit technology, with the company's team receiving an award of recognition from BorgWarner for this innovation

Manufacture and supply a variety of products under the broad categories

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Category / Product	ICE(4WD/AWD)	ICE(Manual)	ICE(Automatic)	Hybrid	BEV
Torque Transfer Systems	✓	–	–	–	–
Manual Transmission	–	✓	–	–	–
Synchronizer Systems	✓	✓	✓	–	–
Dual Clutch Transmission	–	–	✓	–	–
Transmissions for BEV	–	–	–	–	✓
Components	✓	✓	✓	✓	✓

…and establish presence in fast-growing segments

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Year	FY22	FY22	FY23	FY23	FY24	FY24	FY27	FY27	FY22-27
Product/Market	Volumes (in thousands)	Indian Market Size (INR bn)	Volumes (in thousands)	Indian Market Size (INR bn)	Volumes (in thousands)	Indian Market Size (INR bn)	Volumes (in thousands)	Indian Market Size (INR bn)	CAGR Market Size (%)
Transfer Case	89	3.6	131-133	4.8-5.8	151-153	5.5-6.5	270-275	11-13	25-28%
Torque Coupler	11	0.26	23-25	0.5-0.6	40-42	0.95-1.05	85-90	2.2-2.4	54-57%
Synchronizers	3,800	22.6	4,400-4,900	27-29	4,500-5,000	29-31	5,500-6,000	39-41	10-13%
Manual Transmission	3,100	113	3,500-4,000	133-138	3,600-4,100	138-143	4,200-4,700	185-190	8-11%
Dual Clutch Transmission	81	7.9	118-120	10-12	135-137	12-14	250-255	26-28	27-30%
EV Transmission	24.1	2.4	48-51	5-7	154-156	15-17	435-440	42-44	77-82%
Total market size*		149.76		180.3-192.4		200.45-212.55		305.2-318.4

Source: CRISIL Market Intelligence & Analytics; Note *Total has been computed by adding market size of individual products

**Long-term relationships* with marquee domestic and global customers…**

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Positioning as a system and solution provider entrenches the Company into the OEM eco-system

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Engaged right from the stage of design and development and providing product development support

Ability to manufacture and supply the components in accordance with the exact designs and specifications of customers

Track record of consistent delivery of quality and cost-competitive products over the years

BorgWarner

Business relation is now in its fourth decade

TATA Motors

Strong, continued business since 1992
Recently awarded the EV transmission business from TACO

Mahindra & Mahindra

Actively involved in the flagship products of M&M including the XUV 700 & ScorpioN
Automatic variant of one of the most popular SUVs, XUV 700 uses DTTS made Nextrac Torque Coupler
Annual Commodity Award (Powertrain Proprietary - Automotive Division) by Mahindra Rise in recognition of superior performance
Continued business for over two decades

TOYOTA Kirloskar Auto Parts

DTTS has been working with Toyota Kirloskar and received the “Supplier of the year” award in 2021

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Aids developing a deeper interface with customer’s product development & senior management team

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Reducing the risk of purely price-based competition

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“Product Development Agreement” and “Technology Transfer Agreement” with a German automotive company
(co-developing critical components and systems for DCT applications with exclusive rights for India)

Note : *including relationships maintained by the Company including through its earlier joint ventures

….as validated by multiple awards from customers

Year		Key Recent Awards and Accreditations
2023		Toyota Quality and Delivery Award by Toyota Kirloskar Auto Parts
2022 2022		Annual Commodity Award (Powertrain Proprietary - Automotive Division) by Mahindra Rise in recognition of superior performance Platinum Award by Confederation of Indian Industry for the Best HR Practices in Developing Future Leaders for the MSME category
2021		Supplier of the Year Award by Toyota Kirloskar Auto Parts
2021		Zero Defect Supplies Award by Toyota Kirloskar Auto Parts
2021		Outstanding Development for Gears and Synchronizers’ certificate by Force Motors
2021		Special Appreciation Award by Mahindra Rise for Transfer Case for Thar
2020		Toyota Quality Award by Toyota Kirloskar Auto Parts
2020		Toyota Delivery Award by Toyota Kirloskar Auto Parts
2020		Zero Defect Supplies Award by Toyota Kirloskar Auto Parts
2019		1st prize at the National HR Competition Circle organized by Confederation of Indian Industry
2019		Toyota’s Quality Circle Competition Award by Toyota Kirloskar Suppliers Association
2018		1st prize at the National HR Competition Circle organized by Confederation of Indian Industry

2018		Toyota Quality Award by Toyota Kirloskar Auto Parts
2017		Zero Defect Supplies Award by Toyota Kirloskar Auto Parts
2017		1st runner up at the National HR Competition Circle organized by Confederation of Indian Industry
2015		Best Eco Kaizen Award awarded by Toyota Kirloskar Motor
2008		The BorgWarner Chairman’s Operational Excellence Award by BorgWarner Production System
2008		Innovation Award for ECU development by BorgWarner*

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Special Appreciation Award by Mahindra Rise for Transfer Case for Thar Toyota Quality Award by Toyota Kirloskar Auto Parts Zero Defect Supplies Award by Toyota Kirloskar Auto Parts The BorgWarner Chairman’s Operational Excellence Award

Note : *These awards were received prior to the amalgamation of the erstwhile Divgi TorqTransfer Systems Private Limited and Divgi Metalwares Private Limited, pursuant to which the name of our Company changed to “Divgi TorqTransfer Systems Private Limited”

….as validated by multiple awards from customers

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Toyota Supplier Award CY21

Mahindra Annual Commodity Award CY22 (Powertrain Proprietary - Automotive Division)

Strategically located manufacturing facilities capable of producing high-precision components meeting system-level design intent

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Robust Infrastructure in Place

Purchased 10 acres of land at Shirwal near Pune in

Maharashtra and commenced construction which

will help in expanding manufacturing capacity including for manufacture of DCT and EV transmissions (expected to be fully completed by Fiscal 2024)

Facility at Shivare houses grinding and superfinishing equipment to achieve standards in precision and accuracy including those demanded by EV and DCT applications globally

Facilities are located close to key customers to enable meeting demand schedules and logistical advantages for the Company’s customers and to insulate them from local supply or other

disruptions.

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Operational Plant Under-construction Plant
70,000
Installed capacity in pieces
Daman
and Diu
Maharashtra
Bhosari
Shivare 12,000 ITM Coupler-Nextrac
Shirwal Installed capacity in pieces
Telangana
Karnataka
Andhra
Pradesh 2,50,000 Synchronizers
Sirsi Installed capacity in pieces
Pondicherry
Purchased 10 acres of land at Shirwal and commenced 10,00,000 Components
construction which will help in expanding manufacturing
Installed capacity in pieces
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70,000 Transfer Cases (ESOF + Mech) Installed capacity in pieces*

Purchased 10 acres of land at Shirwal and commenced construction which will help in expanding manufacturing capacity for manufacture of DCT and EV transmissions.

Capable of handling varying production volumes and the multipurpose nature of infrastructure, enabling DTTS to manufacture various precision automotive drivetrain systems

For six months ended September 30, 2022; Installed capacity is for six-month period

State-of-the-art manufacturing facility…

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Upcoming facility at Shirwal, Pune

…housing modern and diverse manufacturing equipment…

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…and a well-equipped Assembly Line

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Divgi is the partner of choice for Tata Motors for their EV programme

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Experienced Board of Directors & Management Team

Praveen Purushottam Kadle – Chairman and Independent Director

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Has received a number of awards in recognition of his outstanding contribution to Tata Motors Limited. Was Managing Director of Tata Capital Limited in 2008 and Advisor to Tata Sons in 2018
Bachelors’ degree in Commerce, Accounting & Auditing from the University of Bombay and has qualified as a CA, CS & CMA

– Jitendra Bhaskar Divgi Managing Director

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Served on the Board of Directors of BorgWarner, China in 2000, and was associated with BorgWarner till 2005
Degree in Mechanical Engineering from BITS Pilani and an MSc Degree in Manufacturing from the University of Massachusetts

Hirendra Bhaskar Divgi – Whole-time Director

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Served in various capacities such as the new product development manager and has also worked in the role of controller operations at the Company

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Bachelors’ degree in Mechanical Engineering from the University of Bangalore

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Sanjay Bhalchandra Divgi – Non-Executive Director

Served in various capacities at the Company since 1986 which included new product development and managing manufacturing operations

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– Bharat Bhalchandra Divgi Non-Executive Non-Independent Director

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Served in various capacities at the Company since 1981 including the position of Deputy Manager, finance in 1985
Hons. Graduate in Commerce from Indian Institute of Management & Commerce, Hyderabad

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Pradip Vasant Dubhashi – Independent Director

Previously associated with the State Industrial and Investment Corporation of Maharashtra Limited as a senior development officer and currently director in Entuple E-Mobility Private Limited, Unmanned and Autonomous Vehicles Association
Electrical Engineer from Savitribai Phule, Pune University and also holds a postgraduate diploma in business management from XLRI Jamshedpur

Ajay Bhaskar Limaye – Non-Executive Non-Independent Nominee Director

Nominee Director appointed by Oman India Joint Investment Fund II
Previously associated with CEAT Limited as a senior executive (systems); Gujarat Venture Finance Limited as a deputy manager (projects); SICOM Capital Management Limited as an assistant vice president; Tata Capital as principal – investments (special situations investments); KSK Energy Company Private Limited as a principal; and OIJIF as a director-investments

Pundalik Dinkar Kudva – Independent Director

Partner in P. D. Kudva & Co., specializing in advisory services, direct tax litigation, and legal representation. He was a Treasurer of Zonal Transplant Co-ordination Centre Pune which co-ordinates deceased donor organ transplant in Pune and other cities of Maharashtra
Chartered Accountant by Profession and has been in practice for 37 years

Geeta Prafullachandra Tolia – Independent Director

Completed her Masters’ in science in leadership and strategy from London Business School in 2013 and worked as the Chief Financial Officer of Sepam Qatar W.L.L. and Sepam Middle East WLL
Graduated with a Bachelor of Commerce degree from Gujarat University in 1988 and was admitted as an associate in the Institute of Chartered Accountants of India in 1989

Executive Directors

Non-Executive Directors

Note : CA – Chartered Accountant, CS – Company Secretary, CMA – Cost & Management Accountant; CFA – Chartered Financial Analyst

Experienced Management Team and Talented Workforce

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Balu Narayan Patil – Head - Group Operations

Previous work experience includes years at Bajaj Auto Limited, Ognibene India Private Limited, Perciforge & Gears, Kalyani Technoforge Limited and SAM Hitech Components Private Limited
Diploma in Mechanical Engineering from the Board of Technical Examinations, Maharashtra and a master’s degree in Business Administration and PhD in Philosophy from the Open International University of Complementary Medicines and Medicina Alternativa

Sudhir Shridhar Mirjankar – Chief Financial Officer

Bachelors’ degree in Commerce from the University of Pune and a Post Graduate Diploma in Business Administration from Symbiosis Centre for Distance Learning. Qualified as a certified management accountant from the Institute of Management Accountants, United States
Also completed the CFO program from Indian Institute of Management, Kolkata

Gopal Krishna Dalvi – HR & Organization Development Head

Previous work experience includes years at Keihin Fie Private Limited and Spicer India Limited
Diploma in Mechanical Engineering from Government Polytechnic, Kolhapur and a Master’s in Business Studies from University of Pune

Satish Chandrashekhar Kadrolli – Company Secretary & Compliance Officer

Previous work experience includes years at Rajkumar Forge Limited, Western India Forgings Private Limited (Group) and Corpage India Advisors Private Limited
Bachelors’ degree in Commerce from, Savitribai Phule Pune University and a certificate of membership from The Institute of Company Secretaries of India

Dipak Annasaheb Vani – Head of Purchase & Global Supply Management

Over 15 years of experience in production, quality, quality systems, supply chain management, purchase, global supply management and strategic sourcing in the Company
Bachelor’s Degree in Production Engineering form Shivaji University, Kolhapur

Rakesh Rameshchandra Sharma – Head of Growth & Launch Management

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Previously worked at Divgi Warner Private Limited as a Senior Engineer from 1999 to 2002 and at Divgi Metalwares Private Limited as the COO from 2015 to 2018
Bachelor’s Degree in Mechanical Engineering from Babasaheb Ambedkar Marathwada University, Aurangabad

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Prasannakumar Bhaskarrao Deshpande – Head of Engineering

Associated with the Company since 1997
Bachelors’ degree in Mechanical Engineering from Gulbagra University, Gulbagra

Zubair Kachi – Head of Sales, Marketing & Business Development

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17+ years of experience in the area of Marketing, Business Development, Purchase and Supplier Development.
Bachelor’s Degree in Industrial & Production Engineering from BVB College of Engineering & Technology, Hubli

Workforce breakdown by function

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54
12
28 Contractual
Operations
48
Trainees
612
Engineering (Product Engineering - R&D)
338
Employees Sales, Marketing etc
129 Others
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*As of March 31, 2023

Note : CA – Chartered Accountant, CS – Company Secretary, CMA – Cost & Management Accountant

DTTS - Summary

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Strong focus on research Strategically located and development and manufacturing facilities capable of advanced in-house producing high-precision hardware and software Presence in fastcomponents meeting system-level capabilities growing segments design intent

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Amongst very few companies who serve both as system-level solution provider as well as component kit supplier

Manufacture and supply a variety of products under the broad categories

Long-term Experienced Board of relationships* with Directors & marquee domestic Management Team and global customers

Note : *including relationships maintained by the Company including through its earlier joint ventures

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Thank You!

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AI assistant

DIVGI TORQTRANSFER SYSTEMS LIMITED — Investor Presentation 2023

62154_rns_2023-05-24_728b573f-a394-4ea0-a425-acef217f2ae5.pdf