As SEDEMAC gears up for its IPO via an offer for sale, here’s a detailed look at its investors, board members, and executive leadership.
SEDEMAC Gears Up for IPO Through OFS
SEDEMAC Mechatronics, a deeptech startup based in Pune, is preparing for its public listing, offering investors an opportunity to partially cash out via an Offer for Sale (OFS).
- The IPO will include up to 80.4 lakh equity shares, with no fresh issue, meaning no new capital will be raised for the company itself.
- The expected issue size is between INR 800 Cr–INR 1,000 Cr, per previous reports.
The OFS is being managed by ICICI Securities, Avendus Capital, and Axis Capital, with MUFG Intime India acting as registrar.
Key Selling Shareholders
The largest shareholder, A91 Partners, through its entity A91 Emerging Fund II LLP, will offload 24 lakh shares—the most among all sellers. It currently holds 80.4 lakh shares, or 18.2% of SEDEMAC’s pre-offer equity.
Other notable selling investors include:
- Xponentia Capital: Selling up to 14.7 lakh shares (out of a 49 lakh shareholding or 11%)
- 360 ONE Asset Management: Selling 11.5 lakh shares (combined 8.7% holding)
- NRJN Family Trust: Selling 10.5 lakh shares
- Mace Private Limited: Selling 7.66 lakh shares
- HDFC Life Insurance: Selling 4.2 lakh shares
Notably, cofounder Shashikanth Suryanarayanan, who owns 16.2%, is not participating in the OFS.
Among promoters, Manish Sharma and Ashwini Amit Dixit will sell 45,000 and 67,000 shares respectively.
Shareholding Snapshot
- Promoters and Promoter Group (combined): 26.4%
- Promoters: 22.3%
- Promoter Group: 4.2%
- Top 20 shareholders: Account for 87.5% of the pre-IPO shareholding, suggesting tight ownership control by institutional and early stakeholders.
The acquisition cost of shares varies significantly:
- Investors (A91, Xponentia, 360 ONE, Mace): INR 352–386 per share
- HDFC Life: INR 373.7
- Promoters: INR 46–100 per share, reflecting early-stage involvement
Financial Performance
SEDEMAC posted strong financial growth ahead of its IPO:
- Q1 FY26:
- Revenue: INR 217.4 Cr
- Net Profit: INR 17.1 Cr
- FY25:
- Revenue: INR 658.4 Cr (YoY growth: 24%)
- Net Profit: INR 47.1 Cr (YoY growth: 8x)
Leadership and Board of Directors
Board Members:
- Shashikanth Suryanarayanan – Founder & Managing Director
- Leads R&D, strategy, and operations
- FY25 compensation: INR 5.39 Cr
- Amit Arun Dixit – Joint Managing Director
- Previously CTO, now oversees product development
- FY25 compensation: INR 3 Cr
- Manish Sharma – Whole-Time Director & COO
- Handles manufacturing and delivery
- FY25 compensation: INR 2.65 Cr
- Poyni Bhatt – Independent Director (Chairperson)
- Brings extensive corporate governance experience
- Namakal S. Parthasarathy – Independent Director
- Tech veteran, Managing Partner at Mela Ventures
- Udo Edgar Wolz – Non-Executive Director
- 30+ years in automotive and engineering industries
Key Managerial Personnel
- Rajesh Madhukar Sheth – CFO
- With SEDEMAC since 2015
- FY25 salary: INR 98.3 Lakh
- Prasad Rajendra Chavan – Company Secretary & Compliance Officer
- FY25 salary: INR 3.4 Lakh
- Anaykumar Avinash Joshi – CTO (as of July 2025)
- FY25 salary: INR 1.2 Cr
- Nikhil Rai – SVP – Global Sales & Business Development
- FY25 salary: INR 98.4 Lakh
- Rridhima Namdeo – Head of HR
- Joined in 2023
- FY25 salary: INR 57 Lakh
- Sudeep Solanki – VP – Business Development
- Promoted in April 2025
- FY25 salary: INR 57 Lakh
SEDEMAC Mechatronics is preparing for a public listing via an Offer for Sale of 80.4 lakh shares. Major investor A91 Partners leads with 24 lakh shares for sale. No fresh capital will be raised. Backed by strong FY25 profits and top-tier clients, SEDEMAC is closely held by institutional investors and cofounders.
