We exited Sona Koyo as growth was restricted: Sunjay Kapur

The Sona Group CEO said the group will focus to grow its forging business in India and overseas

The Indian promoter of Sona Koyo Steering, the Kapur family, has decided to exit the 30-year-old company by selling their 25 per cent stake for Rs 419 crore. Japanese company JTEKT Corp (formerly Koyo), a technical partner since inception, will purchase this stake and also acquire another 26 per cent, taking its stake to 71 per cent. In an interview, Sunjay Kapur, chief executive officer at Sona Group, which will be left with revenue of Rs 3,000 crore (approximately 30 per cent lower), tells Ajay Modi the group will focus on growing its forging business in India and overseas. Excerpts:

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