Clearwater invested US$45–50 million from June 2006 to August 2010.
Company Headquarters: India
Business focus: Commercial vehicle components manufacturer
Revenue: US$220 million (2010)
Growth: Annual revenues have grown from roughly US$75 million to US$220 million
impact highlights
- Jamna Auto has transformed from a loss-making business to a company generating US$25 million in EBITDA, and growing each year
- Clearwater helped consolidate Jamna’s three corporate entities into one core business, streamlining operations and capturing economies of scale
- Strategic asset purchase negotiations have ensured a long-term offtake agreement with Tata Group, the Indian multinational conglomerate, for the manufacture of commercial vehicle springs
- Clearwater has helped professionalize Jamna’s business, while strengthening its Board of Directors and improving corporate governance