EFC (I) Widen Horizons: Acquires 100% of Degwekar Industries

EFC (I) Limited has declared that its unlisted subsidiary, Ek Design Industries, has acquired the stake in Degwekar Industries Private Limited 100%. Through the strategic move finalized under the Share Purchase Agreement (SPA), Degwekar Industries has been positioned as a step-down subsidiary of EFC (I). The acquisition aims at increasing market presence and organizational capability in the business of manufacturing and designing furniture.

Degwekar Industries, founded in 2018, deals in the production of furniture and had a turnover of ₹0.77 crore for FY 2022-23. The acquisition is in line with EFC's growth strategy to enhance its presence in allied industries. The transaction is anticipated to provide considerable value to customers and stakeholders by taking advantage of synergies between the two firms.

EFC (I), previously Aamani Trading & Exports, continues to expand its portfolio, with this deal being the latest milestone in its growth path.

Source: MoneyWorks4Me, February 25, 2025