Panorm has acted as the lead advisor in the successful debt restructuring and fundraising efforts of Technocart Automotive. Technocart, a leading player in the auto-component manufacturing industry, sought Panorm’s expertise to restructure their entire debt and raise surplus funds for expanding their production capacity in the 2-wheeler segment.

Through Panorm’s comprehensive advisory services, Technocart Automotive successfully raised a total debt of close to Rs. 70 Crores in this tranche. This capital injection will enable Technocart to increase their production capacity and meet the growing demand for auto-components in the 2-wheeler segment. Additionally, based on the export orders that Technocart currently has in the pipeline, there are additional commitments of Rs. 40 Crores.

With this strategic fundraise, Technocart aims to achieve a turnover of more than Rs. 200 Crores this year, paving the way for significant growth in the coming years. The infusion of capital will support the company’s expansion plans, enhance their manufacturing capabilities, and enable them to cater to a larger customer base.