This auto parts maker in Bengaluru expects a "big spike" in business, thanks to a Norway acquisition

Bengaluru-based Suprajit Engineering's founder and chairman, Ajith Rai, is pretty confident that the growth this year, and for the next two, will be pretty strong. And, bulk of the growth may come from the Norwegian light duty cable business, which was acquired in April this year.

How strong? “This year we will have a big spike in our growth thanks to the acquisition of light duty cable (LDC), which will add another nearly Rs 700-800 crore of business to us in this financial year," K Ajith Kumar Rai, Founder and Chairman of the auto parts maker, told CNBC-TV18. The company's entire revenue last year was Rs 1,840 crore.

Not just more revenue, Rai is hoping for better profit margin too; even without the business from the Norway subsidiary. “If you take without LDC, we are still at about 13- 13.50 percent margin, our guidance has been 14 to 15 percent. So, we are very much there in terms of without LDC.”