The minister s reaction came as a response to a tweet by former Infosys director TV Mohandas Pai s that it was a "sad day for Karnataka. We have driven away one of our best companiesc from Mysore because of lethargy and lack of response, why are we driving away our industry? How will jobs come."
The company provides conceptual design, process engineering, integrated manufacturing and life cycle support to leading companies in the automotive, industrial, aerospace, defense, outer-space, nuclear, medical, railways, IT, and other sectors.
An analysis by Moneycontrol suggests that if these shareholders choose to exit after the lock-in period, these stocks could experience an estimated fund outflow of around Rs 2,10,782.40 crore, based on the closing prices of these stocks as of October 9
Kaynes gets 90% of its revenue from India, while the rest is from international markets, and it serves industries such as automotive, industrial, railways, medical, aerospace etc.