What happened to Amtek Auto Limited?

Amtek Auto Limited was admitted to Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC) in 2017 by the National Company Law Tribunal (NCLT). The company had accumulated debt exceeding ₹12,000 crore, making it one of India's largest insolvency cases at the time.

Is Amtek Auto still listed on stock exchanges?

No. Amtek Auto was delisted from BSE and NSE following the commencement of insolvency proceedings. It now trades only in the unlisted/grey market at a nominal price of approximately ₹2 per share.

Who were the promoters of Amtek Auto Limited?

Amtek Auto was promoted by Arvind Dham and the Dham family, who built the Amtek Group into one of India's leading auto component conglomerates before the insolvency crisis.

What is the ISIN of Amtek Auto Limited?

The ISIN of Amtek Auto Limited is INE130C01021.

What products did Amtek Auto manufacture?

Amtek Auto manufactured a wide range of forged and machined automotive components including flywheel ring gears, connecting rods, crankshafts, camshafts, brake parts, and structural components for passenger cars, commercial vehicles, and two-wheelers.

Is there any recovery value for Amtek Auto shareholders?

Under IBC, equity shareholders are the last to receive any recovery in the waterfall mechanism — after secured creditors and unsecured creditors. Given the ₹12,000+ crore debt, recovery for equity shareholders is widely expected to be negligible to nil.

How do I buy Amtek Auto unlisted shares here?

Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for Amtek Auto?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell Amtek Auto shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

Amtek Auto Unlisted Share Price | Buy Amtek Auto Pre-IPO Shares — wisefolio

Investment Thesis

Amtek Auto Limited is one of India's most high-profile insolvency cases under the Insolvency and Bankruptcy Code. Once a leading auto ancillary manufacturer with global operations, the company collapsed under the weight of ₹12,000+ crore in debt accumulated through aggressive acquisitions. The shares are delisted and trade nominally at ₹2 in grey markets. For existing equity shareholders, recovery is expected to be negligible. The case serves as an important cautionary example of leveraged acquisition risk in Indian corporate history.

Pros

Was once one of India's largest auto ancillary companies with global manufacturing presence across India, Germany, the UK, and other markets
Diversified product portfolio spanning forged and machined components for passenger cars, commercial vehicles, and two-wheelers
Auto ancillaries sector benefits from India's long-term vehicle production growth story
Pre-CIRP, the company had deep relationships with global OEMs including Volkswagen, BMW, Maruti Suzuki, and Tata Motors
Resolution plan under NCLT may lead to restructured company with reduced debt burden

Cons

Admitted to CIRP (Corporate Insolvency Resolution Process) under IBC in 2017 by NCLT Chandigarh bench
Accumulated debt of over ₹12,000 crore — one of India's largest insolvency cases by quantum of debt at the time
Shares delisted from BSE and NSE following commencement of insolvency proceedings
Promoter group (Arvind Dham family) lost control of the company through CIRP process
Company operations were severely disrupted during lengthy insolvency resolution period
Despite resolution attempts, multiple bidders withdrew and timelines were extended significantly
Current share price of ₹2 reflects near-total value destruction for pre-insolvency shareholders

Business Segments

Forged Components

Manufacturing of forged automotive parts including connecting rods, crankshafts, camshafts, and gear blanks for domestic and export OEM customers

Machined Components

Precision machining of automotive components supplying Tier-1 auto manufacturers globally

Ring Gears & Flywheels

Manufacture of flywheel ring gears and related starter system components for passenger and commercial vehicles

Brake Components

Automotive brake system components for passenger vehicles and commercial vehicles

Revenue Model

Pre-insolvency, Amtek Auto generated revenue through supply of forged and machined automotive components to OEMs in India and globally. Revenue was driven by vehicle production volumes, component mix, and export contracts with European and American automotive manufacturers.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds10

Growth Plans

Successful resolution under IBC could result in a new, debt-free or low-debt auto ancillary company

India's strong auto production growth provides a favourable operating environment for any resolved entity

Strategic buyer with OEM relationships could revive the manufacturing operations

Industry Tailwinds

Successful resolution under IBC could result in a new, debt-free or low-debt auto ancillary company

Recent Developments

Prolonged CIRP resolution process

Amtek Auto's insolvency resolution faced multiple delays, bidder withdrawals, and legal challenges at NCLAT and Supreme Court, making it one of India's longest-running IBC cases for a large company.

2022-01

Resolution plan submissions

Various strategic and financial investors submitted resolution plans for Amtek Auto, but finalisation of a successful resolution applicant faced extended timelines due to the complexity of the company's asset base and debt structure.

2021-06

Comparable Companies

CompanyTypeTickerMkt Cap

Bharat ForgeListedBHARATFORG~50,000 Cr

Ramkrishna ForgingsListedRKFORGE~12,000 Cr

Motherson Sumi SystemsListedMOTHERSON~75,000 Cr

Bharat ForgeListed

BHARATFORG · ~50,000 Cr

Frequently Asked Questions

About Amtek Auto

Amtek Auto Limited was once one of India's largest auto component manufacturers, incorporated in 1988 and headquartered in Gurugram, Haryana. At its peak, Amtek Auto was a global player producing forged, cast, and machined components for automobiles — supplying OEMs across India, Europe, and North America. The company's product range included crankshafts, connecting rods, flywheel ring gears, gear blanks, and other critical powertrain components. Amtek Auto grew aggressively through acquisitions in India and abroad, building a global footprint spanning the UK, Germany, and the United States. By FY2015, the company had revenues exceeding Rs 10,000 crore and was one of the largest listed auto ancillary companies in India by revenue scale. However, the acquisitive growth strategy resulted in a highly leveraged balance sheet with debt that became unsustainable. In 2017, Amtek Auto became one of the first large cases referred to the National Company Law Tribunal (NCLT) under India's newly enacted Insolvency and Bankruptcy Code (IBC) 2016. The insolvency resolution process, managed by the Insolvency Resolution Professional, concluded with Liberty House Group (UK) winning the bid. However, Liberty House subsequently failed to fulfil payment obligations, leading to protracted legal proceedings and eventual liquidation proceedings for parts of the group. Amtek Auto's case became a landmark in India's IBC jurisprudence, highlighting challenges in resolution plan implementation. The company's manufacturing assets remain operationally significant for India's auto components sector, and various subsidiaries have undergone restructuring under new ownership. The case represents one of India's most complex and high-profile corporate insolvency situations.

Key Milestones

Incorporated on 11 February 1988 in Delhi under CIN L29230DL1988PLC033270

Common questions about unlisted shares

How do I buy Amtek Auto unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?
Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

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