Actia India Private Limited was incorporated in India in the year 2002, as a 51:49 JV between Actia Automotive SA (France) and DMGFI Group (India). In 2023, Actia Automotive SA decided to exit from JV Company Actia India Private Limited and exercised put option right.In turn, entire shareholding was offered to DMGFI Group.
DMGFI Group agreed to acquire complete Actia India shareholding in India. Post this demerger and Share Purchase, Actia India Private Ltd is now re-christened as Deva Autotronics Private Limited."