Daiichi Jitsugyo Co. Ltd. has proposed to set up a joint venture in India with Nittoku Singapore Pte. Ltd., a subsidiary of Nittoku Corporation.

The joint venture company is scheduled to be established in Gurugram in March 2026, and will primarily engage in providing after-sales services for winding machines and related peripheral equipment.

KNM & Partners is advising Daiichu Jitsugyo on this transaction.

The transaction was led by Mukesh Kumar (Senior Partner) and Mukesh Singhal (Senior Partner), with support from Associate Partners Ashis Goel and Akriti Yadav.

Daiichi Jitsugyo is an engineering trading company engaged in the import and export of plant and industrial machinery.

Nittoku Singapore specializes in the manufacture of automatic coil winding machines.

This initiative is positioned as a part of the broader global strategic partnership between Daiichi Jitsugyo and Nittoku.

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