Axirium Aerospace has raised USD 3.5 million in seed capital in a round led by Shastra VC and BEENEXT, with additional participation from prominent angel investors such as Ashish Gupta (Former MD & Co-founder, Helion Advisors) and PVS Raju (Vice Chairman, AIG Hospitals). The funding will fuel the company’s push toward advanced precision manufacturing, scale up its engineering workforce, and support the launch of its first cutting-edge production facility.
Founded by industry veterans Nishant Khurana (CEO), Neeraj Agarwal (CBO), and Piyush Agarwal (CCO), Axirium draws on decades of collective leadership across major aerospace programs, multi-billion-dollar contracts, and large-scale operations. The trio played a key role in building Tata Advanced Systems Limited (TASL) into one of India’s leading private aerospace manufacturers. Their experience in precision engineering, global supply chain operations, and long-term customer relationships forms the backbone of Axirium’s vision to create a globally trusted aerospace supplier from India.
Axirium’s offerings include precision machining, sheet-metal fabrication, tubing, and structural sub-assembly work, supported by digital manufacturing, lean processes, and a strong focus on quality. The company aims to build integrated supply chain capabilities that deliver faster lead times, predictable output, and consistent high-volume production for customers globally. The newly raised funds will be directed toward establishing the company’s first precision-manufacturing unit, expanding engineering, quality, and operations teams, strengthening domestic supplier networks, widening its global customer base, and laying the groundwork for future Tier-1 and Tier-2 partnerships.
Speaking about the investment, CEO Nishant Khurana said, “Our goal is to build precision capabilities that set new benchmarks across the industry. We aim to become the preferred partner by consistently delivering reliability, accuracy, and value. This investment enables us to scale capacity, deepen technical expertise, and forge long-term partnerships that reinforce global supply chains.”
He added that India’s aerospace and defence landscape is undergoing a significant transformation, driven by rising demand for alternate manufacturing hubs, capability gaps in Western production bases, and the global search for reliable, cost-efficient, high-precision suppliers. Grand View Research estimates the Indian aerospace parts market at USD 13.6 billion in 2023, with expectations to reach USD 21.48 billion by 2030.
Vasant Rao, Managing Partner at Shastra VC, noted, “With global aerospace supply chains shifting rapidly, India is poised to capture a much larger share of the market. Axirium’s founding team brings over 15 years of deep expertise from TASL, and their digital-first precision manufacturing approach puts them in a strong position to lead this transition.”
BEENEXT Partner Anirudh Garg added, “Axirium’s commitment to precision manufacturing, lean operations, and digital processes gives them a strong foundation to transform the aerospace supply ecosystem. Their disciplined approach has enabled them to achieve world-class precision from day one, and we look forward to supporting their growth as they scale globally.”
Axirium Aerospace aims to establish itself as a trusted partner for Indian and global customers by delivering zero-defect, on-time components and building capabilities that advance India’s position as a dependable aerospace manufacturing hub. Axirium Aerospace is a new-generation aerospace manufacturing company specializing in precision machining, sheet-metal fabrication, tubing, and structural assemblies for global OEMs and Tier-1 suppliers.
Backed by decades of industry experience and a strong quality-driven culture, Axirium is focused on end-to-end manufacturing ownership to deliver consistent precision and reliability. The company’s values—Reliability, Excellence, Precision, Safety, and Trust—guide its mission to strengthen global aerospace supply chains through world-class manufacturing from India.
