Igarashi Motors - About the company
Igarashi Motors is an early stage company based in Chennai (India), founded in 1992 by Rajagopalan Chandrasekaran. It operates as a Manufacturer and supplier of DC-motors to OEMs and tier 1. Igarashi Motors has raised $6.12M in funding from HBL Power Systems, with a current valuation of $*****. The company has 983 active competitors, including 14 funded and 89 that have exited. Its top competitors include companies like Linamar, Cummins and Oerlikon.
Company Details
IMIL(Igarashi Motors India limited) is a manufacturer and supplier of DC-motors for OEMs and tier 1.Manufactures DC-motors, electric generators, alternators, AC-motors, subassemblies for passenger cars. Clients are Bosch, Continental, Cooper, Dellorto, Delphi.
- Website
- igarashimotors.com
- Email ID
- *****@igarashimotors.co.in
- Phone Number
- +91 **********
- Registered Address
- PLOT NO.B-12,B-15,PHASE-II,MEPZ,TAMBARAM,MADRAS-45 MEPZ,TAMBARAM,MADRAS-45, MEPZ,TAMBARAM,MADRAS-45, Tamil Nadu, India, 600045
Key Metrics
Founded Year
1992
Location
Chennai, India
Stage
Early Stage
Total Funding
$6.12M in 3 rounds
Latest Funding Round
Post Money Valuation
$***** as on Aug 27, 2013
Investors
Ranked
32nd among 983 active competitors
Annual Revenue
₹500 - ₹1,000 Cr as on Mar 31, 2025
Employee Count
740 as on Dec 31, 2019
Legal entities associated with Igarashi Motors
Igarashi Motors is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
AGILE ELECTRIC SUB ASSEMBLY PRIVATE LIMITED CIN: U34300TN2005PTC057151 , India, Active | Aug 10, 2005 | ₹500 - ₹1,000 Cr (As on Mar 31, 2025) | 22 (As on Aug 01, 2025) | |
IGARASHI MOTORS INDIA LIMITED CIN: L29142TN1992PLC021997 , India, Active | Jan 10, 1992 | ₹500 - ₹1,000 Cr (As on Mar 31, 2025) | 764 (As on Dec 31, 2024) |
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Igarashi Motors's funding and investors
Igarashi Motors has raised a total funding of $6.12M over 3 rounds. Its first funding round was on Mar 2011. Igarashi Motors has 8 institutional investors and 1 angel investor.
Here is the list of recent funding rounds of Igarashi Motors:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Aug 2017 | 1289224 | Conventional Debt | 5631745 | 3613232 | 6919956 | 6443843 |
Aug 27, 2013 | 1298692 | Unattributed | 2724692 | 8543781 | 4382649 | |
Mar 2011 | 2074567 | PE | 9814662 | 4022231 | 4963514 |
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Igarashi Motors' founders and board of directors
Founder? Claim ProfileThe founders of Igarashi Motors is Rajagopalan Chandrasekaran. P Mukund is the CEO of Igarashi Motors.
Here are the details of Igarashi Motors' key team members:
- Rajagopalan Chandrasekaran: Founder & Managing Director of Igarashi Motors.
- P Mukund: CEO of Igarashi Motors. They are also an angel investor in 1 startup.
View details of Igarashi Motors's Founder profiles and Board Members
Igarashi Motors' employee count trend
Igarashi Motors has 740 employees as of Dec 19. The total employee count is 12.0% lower than what it was in Dec 18. Here is Igarashi Motors's employee count trend over the years:
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Igarashi Motors's Competitors and alternates
Top competitors of Igarashi Motors include Linamar, Cummins and Oerlikon. Here is the list of Top 10 competitors of Igarashi Motors, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Manufacturer and supplier of motor vehicle parts and agricultural vehicle parts | - | 66/100 | ||
2nd |  Cummins 1919, Columbus (United States), Public | Manufacturer of gas-powered construction equipment, fuel systems, turbochargers, and braking systems | - | 65/100 | |
3rd | Oerlikon 1906, Freienbach (Switzerland), Public | Manufacturer and supplier of powertrain systems to OEM | - | 62/100 | |
4th | Sona Comstar 1995, Gurugram (India), Public | Provider of design & development of electrical powertrain systems for automotive applications | - | 60/100 | |
5th | Manufacturer and supplier of powertrain components | - | 57/100 | ||
6th | Aquarius Engines 2014, Rosh Haayin (Israel), Public | Power generators for hybrid vehicles | $37M | 57/100 | |
7th |  Stewart and Stevenson 1902, Houston (United States), Acquired | Provider of website and membership management solutions for sports clubs | - | - | 55/100 |
8th |  C-Motive 2012, Madison (United States), Series A | Revolutionizing motor technology with efficient, gearless electrostatic motors for diverse applications | $14.6M | 55/100 | |
9th | Manufacturer of electric vehicle powertrains and high-efficiency synchronous industrial motors | $17.6M | 55/100 | ||
10th |  Freudenberg Sealing Technologies 1929, Weinheim (Germany), Funding Raised | Manufacturer of dynamic seal and wipers | - | 53/100 | |
32nd | Igarashi Motors 1992, Chennai (India), Early Stage | Manufacturer and supplier of DC-motors to OEMs and tier 1 | $6.12M | 41/100 |
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Igarashi Motors's Latest cap tables and shareholding
Funds (largest shareholder) own 86.06%, Parent Entities own 1.63%, Enterprises own 0.00% and Other People own 0.47%.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Fund | 86.06% | 292Cr | 1182359 | 4125378 | 7483740 | 3194158 |
1695524 | 3200002 | 9870821 | 3280699 | 9654595 | 2345160 | |
Parent Entity | 1.63% | 5.54Cr | 1 | 3 | 7 | 6 |
Enterprise | - | 0 | 0 | 0 | 0 | 0 |
Other People | 0.47% | 1.6Cr | 0 | 0 | 0 | 0 |
Other Investors | 11.83% | 40.1Cr | 7012926 | 6269199 | 3967466 | 4660003 |
Total | 99.99% | 339Cr | 2922675 | 2532347 | 2487659 | 1014522 |
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DisclaimerView more details of Igarashi Motors's Shareholding
Igarashi Motors's Investments and acquisitions
Igarashi Motors has made no investments or acquisitions yet.
Reports related to Igarashi Motors
Here is the latest report on Igarashi Motors's sector:
News related to Igarashi Motors
Filter this list•
Igarashi Motors Standalone December 2024 Net Sales at Rs 210.80 crore, up 21.32% Y-o-YMoneycontrol•Feb 17, 2025•Igarashi Motors
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Igarashi Motors receives reaffirmation of credit ratings from CAREIndia Infoline•Dec 22, 2021•Igarashi Motors, CARE Ratings
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Igarashi Motors India Commences Operations At Its UnitsBusiness Standard•May 31, 2021•Igarashi Motors
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Igarashi Motors India suspends operations at its units and corporate office in ChennaiBusiness Standard•May 24, 2021•Igarashi Motors
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Igarashi Motors Standalone June 2020 Net Sales at Rs 45.51 crore, down 65.38% Y-o-YMoneycontrol•Aug 05, 2020•Igarashi Motors
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P Mukund steps down as MD of Igarashi Motors; sells stake in the companyBusiness Standard•Sep 11, 2019•Igarashi Motors
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Japan’s Igarashi to buy out partner in India unitIndiatimes•Aug 23, 2019•jp-igarashi, Igarashi Motors
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