AGI Greenpac to Acquire 25% Stake in Madoverbuilding AI for ₹6 Cr
By Ankur Chandra | Updated at: May 31, 2025 10:41 PM IST
Gurugram | May 30, 2025 – AGI Greenpac Ltd (NSE: HINDWAREAP, BSE: 542905) has announced a strategic investment up to ₹5.99 crore in Madoverbuilding AI Private Limited (MOB AI). MOB AI is an emerging player in the B2B e-commerce space for building and interior materials.
Investment Overview
The investment will be executed in two equal tranches of ₹2.99 crore each:
| Tranche | Investment Amount (₹) | Shareholding Acquired |
|---|---|---|
| Tranche 1 | ₹2,99,95,770.22 | 14.28% (fully diluted) |
| Tranche 2 | ₹2,99,95,770.22 | Cumulative 25% (fully diluted) |
About Madoverbuilding AI
MOB AI is a private limited company incorporated on December 21, 2021, focused on digitising procurement and logistics in the construction and interiors segment. Its product offerings include:
- E-commerce platforms for building materials
- Embedded lending tech
- Warehousing and franchise solutions
MOB AI has shown strong growth, with turnover rising from ₹1.48 crore in FY23 to ₹3.27 crore in FY24. The company is currently operational only in India.
Strategic Rationale
AGI Greenpac stated that the acquisition is focused on tapping into complementary, tech-driven business models. The company aims to leverage MOB AI’s digital ecosystem to increase and strengthen its presence in the construction and interior solutions supply chain.
“The Company envisages investments in emerging technologies and business models that complement our core operations,” the company noted in its regulatory filing.
Consideration and Structure
- Mode of Investment: Entirely in cash
- Regulatory Approval: Not required
- Related Party: The transaction does not involve any related parties
Forward Outlook
The company has acquired a strategic minority stake in MOB AI, which will help AGI Greenpac position itself to benefit from the growing digitisation in B2B construction materials trade. The move also explains the company’s focus on diversifying into tech-enabled service platforms that support its manufacturing base.
This acquisition is expected to open new revenue streams and offer cross-leveraging opportunities for AGI.
REF: https://nsearchives.nseindia.com/corporate/HSIL_30052025122021_SE_MOB.pdf
