The Competition Commission of India (CCI) has granted approval for the acquisition of a stake in Nash Industries (I) Private Limited by a consortium of private equity investors led by ChrysCapital Fund X, along with Two Infinity Partners and Blue Wave Investments Limited. The regulatory clearance marks a significant development in India’s manufacturing and industrial investment landscape.
Who Are the Acquirers?
The acquiring entities ChrysCapital Fund X, Two Infinity Partners and Blue Wave Investments Limited are part of the broader ChrysCapital Group, one of India’s most established private equity firms. The group has a strong track record of investments across sectors such as technology, healthcare, financial services, consumer goods and industrial manufacturing.
ChrysCapital and its affiliated investment arms focus on partnering with scalable Indian businesses, providing not just capital but also strategic guidance, governance expertise and access to global networks. The latest acquisition reinforces the group’s continued confidence in India’s industrial and manufacturing growth story.
About Nash Industries
Nash Industries (I) Private Limited is a diversified manufacturing company engaged in box build solutions and metal stamping operations. The company provides end-to-end services that include designing, manufacturing, assembling and supplying a wide range of metal, electrical and electronic components.
Its product portfolio spans sub-components and sub-assemblies that cater to multiple industries, including automotive, banking hardware, electrical systems, power protection equipment and data centres. Over the years, Nash Industries has also expanded into high-growth areas such as defence and aerospace, alternate energy solutions, IT and AI-related hardware, healthcare devices and gaming equipment.
Strategic Importance of the Deal
Industry observers view the CCI’s approval as a strategic boost for Nash Industries, which operates at the intersection of traditional manufacturing and next-generation industrial technology. With increasing demand for precision-engineered components across sectors, access to private equity capital is expected to strengthen the company’s expansion and innovation plans.
The investment is likely to support capacity expansion, technology upgrades and deeper integration into global supply chains. It also aligns with India’s broader push towards strengthening domestic manufacturing under initiatives such as “Make in India” and “Atmanirbhar Bharat.”
CCI’s Role and Regulatory Review
The Competition Commission of India is mandated to ensure that mergers and acquisitions do not cause an appreciable adverse effect on competition within the Indian market. In this case, the CCI concluded that the proposed combination does not raise competition concerns.
According to the official release, the nature of the acquirers’ existing investments and Nash Industries’ market presence do not result in significant overlaps or dominance that could distort fair competition.
What Lies Ahead
With regulatory clearance in place, the transaction is expected to move towards completion in the coming weeks, subject to customary closing conditions. Market analysts believe the partnership could help Nash Industries scale its operations and strengthen its positioning in high-value manufacturing segments.
The deal also reflects growing private equity interest in India’s industrial and engineering companies, particularly those aligned with future-ready sectors such as data centres, clean energy and advanced electronics manufacturing.
