Mumbai, September 2026: Prime Industries Raises Rs. 11.86 Crore (BSE: 519299) in funding from Dr. Uday Narang, Founder of Omega Seiki Mobility (OSM).
Join Our Youtube Channel to stay updated with daily Indian car & bike news instantly!
According to the company, the fresh capital will be used to expand its business, strengthen specialized engineering capabilities, and establish a proposed R&D and incubation center for its Special Product Division (SPD).
Also Read: Prime Industries Appoints Seasoned Automotive Industry Professional “Deepak Handa” as Director
Focus on Defense and Precision Manufacturing
Prime Industries is now working to expand its business into specialized segments such as defense, nuclear, and precision manufacturing. The company’s focus is on developing high-precision products and engineering capabilities to strengthen manufacturing capabilities for specialized industrial applications in the future.
The company’s portfolio also includes minority and majority interests in businesses related to the defense, nuclear, and advanced manufacturing sectors. These include businesses such as Kay Bouvet Engineering Ltd. and Linga Agri.
Preparations to Establish an R&D Center
An important source of fresh capital for Prime Industries will be the proposed Special Product Division R&D and incubation center. According to the company, this center will play a key role in developing specialized products and engineering capabilities.
Through this initiative, the company is attempting to connect its existing business interests with advanced manufacturing and precision engineering. The company’s broader objective is to strengthen manufacturing capabilities, business opportunities, and long-term growth.
Also Read: Omega Seiki Mobility Developing New EV for Persons With Disabilities
What will change with Uday Narang’s entry?
Dr. Uday Narang is a well-known entrepreneur in the electric mobility and advanced engineering space. He is the founder of Omega Seiki Mobility, which is involved in the business of electric three-wheelers and commercial mobility solutions.
Narang is also associated with OBSC Perfection Ltd. This platform’s capabilities include precision manufacturing processes such as CNC machining, investment casting, forging, and stamping, which are used in defense and aerospace applications.
His entry into Prime Industries connects engineering and mobility-related experience with the company’s existing manufacturing ambitions.
Deepak Handa also gets a leadership role
Deepak Handa’s experience will also be important in strengthening the company’s engineering capabilities. Handa has over 25 years of experience in the automotive industry, covering areas such as operations, business development, precision manufacturing, and quality systems.
He currently serves as Technical Director – Operations & Business Development at Omega Bright Steel, overseeing strategic initiatives across multiple manufacturing locations.
Prime Industries’ Next Focus
With fresh fundraising and a new strategic investor, Prime Industries’ next phase will be focused on specialized manufacturing. The company also intends to expand its presence in the defense, nuclear, and precision engineering sectors, as well as advance its proposed SPD R&D initiative.
According to exchange-related reporting, the company has also proposed raising capital through a preferential issue, which includes participation from Dr. Uday Narang.
Note: This story is based on a press release shared with Auto India Daily by the company/PR agency. The information has been presented as provided in the release.
Also Read: VinFast Unveils VF 6 & VF 7 on World EV Day: Opens India’s largest EV Showroom in Noida
Raj Prajapati is a Senior Automotive Content Writer at AutoIndiaDaily. A B.Tech graduate in Computer Science and Engineering, he leverages over four years of experience covering Indian car and bike launches, EV tech, and market dynamics to break down complex automotive regulations into simple consumer guides. Specialising in Indian motor vehicle laws, IRDAI updates, and ownership costs, Raj translates technical auto policies into actionable advice for everyday drivers.