DEP & Autoline Industries USA invest $2.5M in new Troy HQ

Detroit Engineered Products and Autoline Industries USA are opening a new corporate world headquarters in Troy this week. The two automotive suppliers, the U.S. arms of Indian corporations, are moving into a new office space that is three times as big as their previous home and comes with an investment price tag of $2.5 million. That's thanks to all of the growth the firms have experienced. Autoline Industries USA has hired 10 people over the last year and has two more job openings for engineers. Detroit Engineered Products has hired 70 people in Michigan over the last year. "We have built our business (Autoline Industries USA) from $7 million to $60 million now," says Sri Bramadesam, president of Autoline Industries USA and vice president of Detroit Engineered Products. Most of the work is automotive related and coming from the domestic automakers. The companies chose to stay and keep growing in Troy because they have set down significant roots here since they formed in 2007. "We have been in Troy for years now," Bramadesam says. "A lot of our employees have bought homes here." Source: Sri Bramadesam, president of Autoline Industries USA and vice president of Detroit Engineered Products Writer: Jon Zemke Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.