Date of investment: July 2005

Gala is a precision engineering company manufacturing compressor valves, disc springs and machines for mass finishing (surface finishing) and screening solutions. When IVFA pencilled in Gala, it was the largest manufacturer of compressor valves in India. It had an excellent client roster with direct relationships with large compressor manufacturers in India.

With IVFA, Gala set up a new state-of-the-art manufacturing facility at Wada near Mumbai. Gala geared up with a high quality professional management team to facilitate the expansion. The Company achieved critical breakthrough in the fine blanking initiative which, led to significant ramp-up of revenues. Gala developed systems and processes to deliver world-class quality at very competitive prices. Finally, it set-up an office and a limited manufacturing facility in China to cater to the Chinese market. During this period, Gala’s revenues and profits continued to grow steadily.

Gala’s strong market position and high quality of management team, ignited significant acquisition interest from strategic players. In June 2009, Gala sold its compressor valves business to Hoerbiger, a world leader in compressor valves. IVFA divested its stake to Hoerbiger.

• IVFA investment rationale
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  Products have a significant value-add component from proprietary technology Well positioned to be a global leader in compressor valves Good acquisition candidate for Indian manufacturing companies as well as international valve manufacturers
• IVFA value addition
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  Helped to strengthen the management team Identified and developed strategy and vendors for fine blanking Commenced Lean Six Sigma (LSS) project to focus on supply chain management, inventory reduction & rejections Successfully implemented SAP

Detailed information on the Company is available at www.galaprecision.com